Premier opportunity to acquire a fully renovated, five unit multifamily property ideally positioned just steps from the white sand beaches of Panama City Beach. Dolphin Drive Beach Cottages features five spacious 1 bedroom, 1.5 bath unitseach approximately 714 SFwith modern interiors, private balconies, and on site covered parking. Currently operated as a short term rental portfolio, the property offers a flexible investment profile suitable for Airbnb, mid term, or long term tenants. With professional property management in place, an investor can achieve stabilized returns while enjoying strong demand from beachgoers, snowbirds, and seasonal workers. The property is directly across from the luxury beachfront community of Hadley's Beach, adding long term value and redevelopment potential into a similar luxury single family or townhome development. The location combines residential charm and conveniencetucked in a quiet neighborhood with a rare public boat ramp, yet moments from St. Andrews State Park, Emerald Coast Beaches, and the vibrant dining and entertainment corridor along Thomas Drive. This is a rare chance to own a high performing coastal multifamily asset with both income and redevelopment appeal. * Five turnkey 1BR/1.5BA units (~714 SF each) modern interiors and private balconies * Airbnb ready & STR friendly zoning (R 3) flexible for short , mid , or long term rental strategies * Directly across from luxury community Hadley's Beach premier location with future redevelopment upside * Prime beach adjacent location steps from the Gulf and minutes to St. Andrews State Park * Fully furnished & operational ready for immediate cash flow or repositioning