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 PROPERTY 209 Oleander Drive, Panama City Beach, FL 32413, MLS#785643 - Residential
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Hardeep Kumar Yh

HR Moon Homes
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  4. 209 Oleander Drive, Panama City Beach, FL 32413
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209 Oleander Drive
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PRICED AT ONLY: $1,369,000

Address: 209 Oleander Drive, Panama City Beach, FL 32413

Description

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 in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection. 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!

Property Location and Similar Properties

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  • MLS#: 785643 ( Residential )
  • Street Address: 209 Oleander Drive
  • Viewed: 34
  • Price: $1,369,000
  • Price sqft: $489
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 2798
  • Bedrooms: 4
  • Total Baths: 4
  • Full Baths: 3
  • 1/2 Baths: 1
  • Garage / Parking Spaces: 3
  • Days On Market: 54

Description

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 in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection. 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!
Request More Information
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Patio, OutdoorShower, Porch
  • Fencing: Fenced, Partial
  • Flooring: LuxuryVinylPlank
  • Living Area: 0.00
  • Other Structures: Garages
  • Roof: Metal
Land Information
  • Lot Features: SprinklerSystem, Paved
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: West Bay
Garage and Parking
  • Garage Spaces: 3.00
  • Open Parking Spaces: 0.00
  • Parking Features: AdditionalParking, Paved
Eco-Communities
  • Green Energy Efficient: Appliances
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, Ductless, EnergyStarQualifiedEquipment
  • Heating: Central, EnergyStarQualifiedEquipment, HeatPump, Other, SeeRemarks
  • Road Frontage Type: CityStreet
  • Utilities: CableConnected, SewerAvailable, UndergroundUtilities
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Appliances: WasherDryerStacked, EnergyStarQualifiedAppliances, ElectricCooktop, ElectricOven, ElectricRange, WaterSoftenerOwned, TanklessWaterHeater
  • Interior Features: SmartThermostat
  • Legal Description: LAGUNA BEACH ESTATES 7TH ADD LOTS 1, 2 & 3 BLK 28 LESS PRCL ORB 3499 P 1773
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Occupied
  • Parcel Number: 36813-000-000
  • The Range: 0.00
  • Views: 34
Nearby Subdivisions
[no Recorded Subdiv]   Bare Footin Condominium   Bayside At Ward Creek   Beachside East   Beachwalk Condo   Bid A Wee   Bid-a-wee   Bid-a-wee Beach   Bid-a-wee Beach 1st   Bid-a-wee Beach 1st Add   Breakwater At Ward Creek   Carillon Beach   Carillon Beach Phase I   Coral Bay Village   Crestview Heights   El Centro Beach   Gulf Highlands   Gulf Highlands Unit-1   Gulf Highlands Unit-2   Gulf Vista   Gulf Vista Sec 2   Hollywood Beach   Inlet Beach Heights   Jamaican Lake   Kelly Street Pines   Kiska Beach   Kiska Beach 1st Add   La Valencia Beach Resort   Laguna Beach   Laguna Beach 2nd Add   Laguna Beach 2nd Addition   Laguna Beach 6th Add   Laguna Beach 7th Add   Laguna Beach 8th Add   Laguna Beach Estates   Laguna Beach Estates 7th Add   Laguna Beach Estates 9th Add   Laguna Haven   Lakes At Summer Breeze   Lakeside By The Gulf   Latitude At Watersound   Lullwater Beach   Margaritaville Cottages   Miramar Beach   Miramar Beach 1st   Miramar Heights   No Named Subdivision   Open Sands   Palmetto Bluff   Palmetto Trace   Palmetto Trace Phase 1   Palmetto Trace Phase 2   Palmetto Trace Phase Iii   Palmetto Trace Phase Iv   Panama City Beach   Paradise Grove   Pier Park   Pirate's Cove Inlet   Pointe Panama   Reviera Beach Villas   Rivercamps On Crooked Creek   Riviera Beach   Riviera Beach 1st Add   Royal Palms Of Laguna Beach   Salt Grass At Ward Creek   Santa Monica Beach   Seaclusion Beach   Seagull Beach   Seminole Ridge   Shores   Shores Townhouses   Southern Exposures Ii   Southfield Sec 1   Southwinds Estates   Summer Breeze   Summer Breeze Phase Ii   Summer Towne Cottage Condo Ph    Summerwood Phase I   Summerwood Phase Ii   Sunnyside   Suntime Beach U-1   The Palms   The Preserve At Lake Powell   Turtle Cove At Lake Powell   Villa Chateaus   Wells Gulf Beach Estates   Westlake Estates Phase I   Westwood Beach Estates   Whisper Dunes   White Sands Estates   Wild Heron Phase I   Wild Heron Phase Ii   Wild Heron Phase V   Wild Heron Phase Vi   Wild Heron Phase Xiv  
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