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USAFLPanama City BeachLaguna Beach Estates 7Th Add209 Oleander Dr
Listing image | Image 1

209 Oleander Dr, Panama City Beach, FL

House

For Sale

Listed price in listed location currency (USD).
$1,325,000

443

MLS® 785643

Overview

Key Facts

Type Multi Family
Levels Residential
Size -
Garage Yes
Taxes $4,972
Days Active 86
Lot Size 
Approx. Age 1964
MLS® Number 785643

Property Address: 209 Oleander Dr, Panama City Beach, FL, 32413-8930

Average square foot calculated using Size range provided by listing agent.

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!
MLS® Number785643
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1964
Basement
DrivewayAdditional Parking, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Bedroom 1:Second Floor10 × 14 ft
Family Room:Second Floor33 × 18 ft
Other:First Floor10 × 11 ft
Other:First Floor10 × 19 ft
Other:First Floor11 × 22 ft
Kitchen:First Floor10 × 17 ft
Bathroom 1:Second Floor10 × 8 ft
Living Room:First Floor10 × 14 ft
Other:First Floor22 × 33 ft
Bedroom 1:First Floor10 × 19 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$1,325,000List Price

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