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  • Price$327,500
  • Beds2
  • Baths3
  • SQ. Feet1,440
  • Built1982

5016 Gulf Drive 2, Panama City Beach

No HOA Fees and no Assessment Fees!! No long walks from the parking lot, no long packed elevator waits, no high condo fees & hassles. Now is your chance to purchase a beautiful two bedroom two and a half bath with bunk room townhome directly across the street from the beach. Walk out your door & you are 25 yards to the paved beach access. This townhome is located at the east end of Gulf Dr which is a cul-de-sac, so there is no traffic to cross over to go to the beach! You will not find a better location home unless you are directly on the beach. This stunning townhome has been tastefully remodeled inside and out. It features upgraded tile, carpet, granite counter tops, custom cabinets, beautiful privacy fenced in back patio and storage room. Perfect for VRBO or Airbnb!The home has two master bedrooms upstairs. There is a bunk room off the first master bedroom with a peek a boo view of the gulf. The large master bedroom features double closets while the master bath features double vanity and a large custom tile and cobblestone shower. There is a nice front porch to sit and relax and listen to the beach waves. There is also a back patio with a small privacy fenced yard just perfect for grilling out. Go to the beach during the day and walk down to world renown Schooners for dinner and entertainment. St. Andrews State Park is just a bicycle distance away to catch up on some wild life. This townhome would be perfect for your personal home or could bring in loads of income as a vacation rental. Home comes completely furnished, so you could start renting it out right away.

Essential Information

  • MLS® #674661
  • Price$327,500
  • Bedrooms2
  • Bathrooms3.00
  • Full Baths2
  • Half Baths1
  • Square Footage1,440
  • Acres0.00
  • Year Built1982
  • TypeResidential
  • Sub-TypeASF/Attached Individual Unit
  • StyleTownhome
  • StatusActive


  • UtilitiesElectric, Phone, Public Sewer, Public Water, TV Cable
  • Parking Spaces2
  • ParkingDriveway


  • Exterior FeaturesFenced Back Yard, Fenced Privacy, Patio Enclosed, Shower, Porch Covered
  • Lot DescriptionCul-De-Sac, Interior, Within 1/2 Mile to Water, Near Beach Access
  • ConstructionFoundation - Slab on Grade, Roof - Composite Shngl, Siding - Stucco, Trim - Wood, Siding - Hardie Board

Additional Information

  • Date ListedJuly 31st, 2018
  • Days on Market606
  • ZoningCity
  • HOA$0

Community Information

  • Address5016 Gulf Drive 2
  • Area03 - Bay County - Beach
  • SubdivisionTreasure Island
  • CityPanama City Beach
  • CountyBay
  • StateFL
  • Zip Code32408


  • InteriorBedroom - Additional, Bunk Room, Dining Room, Living Room, Bedroom - Master
  • Interior FeaturesBreakfast Bar, Floor Tile, Floor WW Carpet, Lighting Recessed, Newly Painted, Washer/Dryer Hookup, Woodwork Painted
  • AppliancesCooktop, Dishwasher, Dryer, Refrigerator W/IceMk, Stove/Oven Electric, Washer, Microwave/Range Hood

School Information

  • ElementaryPatronis
  • MiddleSurfside
  • HighArnold

Listing Details

  • Listing OfficeColdwell Banker Realty

Price Change History for 5016 Gulf Drive 2, Panama City Beach, FL (MLS® #674661)

Date Details Price Change
Price Reduced $327,500 $20,000 (5.76%)
Contingent (from Active)
Price Increased $347,500 $22,600 (6.96%)
Price Reduced (from $325,000) $324,900 $100 (0.03%)
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DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service