4 Beds
4 Baths
2,798 SqFt
4 Beds
4 Baths
2,798 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,798 sqft
Price per Sqft $489
Subdivision Laguna Beach Estates 7Th Addn
MLS Listing ID 996241
Style Beach House
Bedrooms 4
Full Baths 3
Half Baths 1
Year Built 1964
Annual Tax Amount $4,972
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 150 X 55 X 73 X 55
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 2798
Property Description
The property also includes a carriage house (ADU) built in 2023, complete with a two-car garage. Over the past two years, this unit has generated $20,000 annually in short-term rental income, making it an excellent opportunity for buyers seeking immediate investment potential. The two-car garage with separate entrance also offers the option to be converted into additional rental space.
Both homes include a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. The property is connected to city water and sewer (no septic), with one shared water/sewer bill and two separate electric meters. Refer to upgrade list in document section.
Whether you're looking for a personal beach retreat, an income-producing property, or a combination of both, this unique opportunity offers flexibility, expansion potential, ample storage, and an unbeatable location.
Schedule your showing today and discover the possibilities of beach living and investment in Panama City Beach!
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Multi-Family
Direction Follow US-98 W to Oleander Dr in Laguna Beach
Rooms
Primary Bedroom Level Upper
Master Bedroom true
Kitchen true
Interior
Interior Features Ceiling Crwn Molding, Fireplace, Pantry
Heating Heat Pump Air To Air, Central
Cooling Central Air
Flooring Floor Vinyl
Furnishings Furnished - None
Window Features Window Treatment All
Appliance Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Security System, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Tnkls
Laundry true
Exterior
Exterior Feature Balcony, Fenced Back Yard, Hurricane Shutters, Covered Patio, Enclosed Patio, Fenced Backyard, Hurricane Shutters, Balcony
Parking Features Garage Detached
Garage Spaces 4.0
Utilities Available Electric, Public Water, TV Cable, Underground
Roof Type Metal
Street Surface Paved
Porch Patio Covered, Patio Enclosed
Road Frontage City Street
Garage Yes
Building
Faces Follow US-98 W to Oleander Dr in Laguna Beach
Story 2
Sewer Public Sewer
Architectural Style Beach House
New Construction No
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
Pets Allowed No
Tax ID 36813-000-000
Miscellaneous OPPORTUNITY ABOUNDS ON THIS LAGUNA BEACH PROPERTY! Welcome to 209 Oleander Drive, ideally located in the heart of Panama City Beach on a spacious L-shaped lot, just steps from the sugar-white sands and emerald waters of the Gulf (less than 600 steps to the beach!). This versatile property is perfect as a primary residence, second home, or income producing short-term rental with two separate living spaces. The main house, currently owner-occupied and remodeled in 2017, features bright living spaces and a functional, open flow that is welcoming for both owners and guests. Step outside to enjoy a private outdoor area perfect for relaxing after a day at the beach or entertaining visitors. A standout feature is the 30x30 insulated workshop, offering endless possibilities. With plumbing already
Schools and Properties Nearby
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