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209 Oleander Drive
Panama City Beach, FL 32413

$1,119,000 - Status: Active

Beds: 4

Baths: 3 full 1 partial

SQFT (H&C): 2,798

MLS# 1014874

COASTAL LIVING MEETS INCOME POTENTIAL IN LAGUNA BEACH! With projected annual rental income of $85,000 from the existing residences, 209 Oleander Drive offers an exceptional opportunity to enjoy the beach while putting your investment to work. The owner currently occupies the main home, leaving substantial income potential to unlock by renting both residences.Under 500 steps to the beach, this versatile property sits on nearly a quarter acre and combines multiple living spaces, established short-term rental history, generous storage, and flexibility for personal use or investment.Remodeled in 2017, the main residence features bright, inviting living spaces, an open, functional flow, and a private outdoor area perfect for unwinding after the beach or entertaining guests.The separate carriage house/ADU, built in 2023, adds immediate rental appeal and includes a two-car garage with its own entrance. Depending on your vision and needs, the carriage house garage could readily lend itself to finishing as another unit. This added opportunity could potentially bring total annual rental income up as well!A separate 30x30 insulated workshop with plumbing already in place provides exceptional space for hobbies, vehicles, beach gear, or recreational storage.Both residences include full appliance packages, tankless water heaters, walk-in showers, and smoke detectors. City water and sewer, one shared water/sewer bill, and two separate electric meters add everyday convenience. Whether you envision a full-time coastal home with rental income, a beach getaway that helps support itself, or a dedicated investment property, 209 Oleander Drive delivers a compelling combination of location, versatility, and income potential--with room to grow.Schedule your private showing and discover the possibilities.

Property Features

MLS#: 1014874

Zip: 32413

Subdivision: Laguna Beach Estates 7th Addn

Development: 27 - Bay County

Property Type: Residential - Single Family

Cooling: Central Air

Fenced: Yes

Garage: 4 car attached

Heating: Heat Pump Air To Air, Central

Home Style: Beach House

Lot Size: 0.22 acres

Stories: 2.0

Taxes: $4,972

Year Built: 1964

SQFT (H&C): 2,798

Feature Descriptions

Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Security System, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Tnkls

Exterior: Block, Siding CmntFbrHrdBrd

Exterior: Balcony, Fenced Back Yard, Hurricane Shutters, Shower

Financing Terms: Conventional, VA

Flooring: Floor Vinyl

Interior: Ceiling Crwn Molding, Fireplace, Pantry, Washer/Dryer Hookup

Lot Description: Interior, Within 1/2 Mile to Water

Lot Dimensions: 150 X 55 X 73 X 55

Parcel Number: 36813-000-000

Parking: Garage Detached, Oversized

Patio/Porch: Patio Covered, Patio Enclosed

Property Condition: Renovated, Construction Complete

Road Frontage: City Street

Road Surface: Paved

Rooms Total: 13

Security: yes

Sewer: Public Sewer

Sub Type: Detached Single Family

Utilities: Electric, Public Water, TV Cable, Underground

Window: Window Treatment All

Room Sizes

Kitchen: 17 X 10 Level - First

Breakfast Room: 19 X 10 Level - First

Primary Bathroom: 19 X 10 Level - First

Primary Bedroom: 11 X 10 Level - First

Living Room: 14 X 10 Level - First

Bedroom: 15 X 13 Level - Second

Bedroom: 14 X 10 Level - Second

Laundry: 11 X 11 Level - First

Family Room: 18 X 33 Level - Second

Full Bathroom: 8 X 10 Level - Second

Studio: 22 X 11 Level - First

Garage: 33 X 22 Level - First

Full Bathroom: 7 X 6 Level - First

Local Schools

High School: Arnold

Middle School: Surfside

Elementary School: West Bay

209 Oleander Drive | MLS# 1014874

This single family home located at 209 Oleander Drive, Panama City Beach, FL 32413 is currently listed for sale with an asking price of $1,119,000. This property was built in 1964 and has 4 bedrooms and 3 full and 1 partial baths with 2798 sq. ft. Oleander Drive is located in the LAGUNA BEACH ESTATES 7TH ADDN subdivision. Search LAGUNA BEACH ESTATES 7TH ADDN real estate on ksmith.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty SRB

Shown By

Agent Name: Karen Smith
Agent Phone: (850) 527-5651
Agency Title: Beachy Beach Real Estate

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209 Oleander DrivePanama City Beach, FL 32413