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$449,900

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • Updated 6 days ago
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New Property Video & 3D Home Tour! Rare opportunity to own a second-floor 2 bedroom, 2 bath beachside condo at the end of a cul-de-sac with no thru traffic, located directly across from an extra-wide, paved public beach access and within walking distance to several restaurants, including Schooners. Enjoy water views and added privacy from the upper level. Simply step outside and you're less than 60 feet from the beach, making this unit highly desirable for both short-term rentals and personal use. The unit features updated LVP flooring with upgraded rubber backing, a functional layout, and durable, low-maintenance finishes. NO HOA however there will be a shared access agreement for Insurance and Maintenance. The building has seen major improvements including all-brick construction with dual layers of elastomeric stucco and paint, a 2024 standing-seam metal roof, updated windows and doors, and water heaters replaced in 2021. Owners enjoy a shared pool, no HOA, short-term rentals allowed, and two assigned parking spaces per unit. The owner currently has Units #1, #3, and #4 available, offering a rare opportunity for investors to acquire multiple units in the same small complex directly across from beach access - an opportunity that seldom comes available in this area at this price point. Ideal for investors looking to scale a beach rental portfolio in one location.

Full Property Details for 5012 Gulf Dr #4

General

  • Price: $449,900
  • Taxes: $738 (2024)
  • Status: Active
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 783289
  • Updated: 1/11/2026
  • Added to Site: 12 day(s) ago

Interior

  • Number of Rooms: 6
  • Appliances: Washer/Dryer Stacked, Electric Range, Electric Water Heater
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Stacked

Additional Information

  • Pool: Yes
  • Pool Description: Community

Exterior

  • Exterior Features: Patio
  • Porch/Patio/Deck: Balcony, Covered, Patio, Porch

Parking

  • Parking Features: Additional Parking, Paved

Location

  • County: Bay
  • Subdivision: Gulfside Condo.
  • Driving Directions: From the Navy Base area on Thomas Drive (also called Navy Blvd), continue south toward the beach. Stay on Thomas Drive until Huff Street near Schooners. Turn left on Huff Street, then right on Gulf Drive. 5012 Gulf Drive is a short distance ahead on the left, across from the beach.

School Information

  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electricity Available

Structural Information

  • Architectural Style: Low Rise
  • Stories/Levels: 2
  • Sq. Ft. Source: Owner
  • Year Built: 1973

Lot Features

  • Property View: Gulf
  • Lot Dimensions: 0 x 0
  • Lot Features: Paved

Water Features

  • Water Front: Yes
  • Water View: Yes

Financial Considerations

  • Tax Amount: $738
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: GULFSIDE CONDO APT 4 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841 .
  • Property ID: 32256-040-000

Listed by LPT Realty LLC

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Listing agent

— 5012 Gulf Dr #4 —

  • LPT Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5012 Gulf Dr #4

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-52.2 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-87.5 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-125.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5012 Gulf Dr #4 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Listed
$449,900
-66.69%
MLS
8/10/2023
Sold
$1,350,800
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5012 Gulf Dr #4

Year
Property Taxes
Change
Tax Assessment
Change
2024
$738
-2%
$56,760
—
2023
$750
8%
$56,760
—
2022
$697
23%
$56,760
29%
2021
$566
-2%
$43,860
—
2019
$580
-15%
$43,860
-15%
2018
$686
-1%
$51,600
—
2017
$690
-2%
$51,600
—
2016
$702
-3%
$51,600
—
2015
$721
—
$51,600
—
2014
$720
12%
$51,600
—
2013
$643
—
$51,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5012 Gulf Dr #4

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by LPT Realty LLC

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5012 Gulf Drive #4, Panama City Beach, FL 32408 (MLS# 783289) is a Condo property with 2 bedrooms and 2 full bathrooms. 5012 Gulf Drive #4 is currently listed for $449,900 and was received on January 06, 2026. Want to learn more about 5012 Gulf Drive #4? Do you have questions about finding other Condo real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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