Listing provided courtesy of Beachy Beach Real Estate- MLS# 996241
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209 Oleander DrivePanama City Beach, FL 32413
Single Family · 4 Beds · 3 Full Baths · 1 Half Bath · 2,798 Sq. ft. | 0.22 Acres$1,299,000
Active
209 Oleander Drive Overview
- Time on Site:
- 124 days
- Visits:
- 1
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 long or 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!
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209 Oleander Drive Facts & Features
- Type Single Family
- Sq. ft. 2,798
- Price/Sq.ft. $464
- Lot 0.22 Acres
Details
General
School Information
- Elementary School: West Bay
- Middle Or Junior School: Surfside
- High School: Arnold
Listing Information
- Buyer Financing: Conventional,VA
Building Information
- New Construction: false
- Year Built: 1964
Location/Region
- County Or Parish: Bay
- MLS Area Major: 27 - Bay County
- MLS Area Minor: 2724 - Beach - West Central
- Subdivision Name: LAGUNA BEACH ESTATES 7TH ADDN
Tax Information
- Tax Annual Amount: 4972.47
- Tax Year: 2025
General Information
- Parcel Number: 36813-000-000
- Property Condition: Construction Complete
- Property Sub Type: Detached Single Family
- Property Type: Residential
- Zoning: Resid Multi-Family
Interior
Parking Information
- Garage Spaces: 4.0
Beds/Baths
- Bathrooms Full: 3
- Bathrooms Half: 1
- Bathrooms Total: 4
- Bedrooms Total: 4
Building Interior
- Building Area Source: Appraiser
- Building Area Total: 2798.0
General Information
- Appliances: Cooktop,Dishwasher,Dryer,Microwave,Range Hood,Refrigerator,Security System,Smoke Detector,Stove/Oven Electric,Washer,Water Heater - Tnkls
- Interior Features: Ceiling Crwn Molding,Fireplace,Pantry
- Rooms Total: 8
- Stories: 2
- Window Features: Window Treatment All
Exterior
Parking Information
- Parking Features: Garage Detached
Lot Information
- Lot Size Acres: 0.22
- Lot Size Area: 0.22
- Lot Size Dimensions: 150 X 55 X 73 X 55
- Lot Size Square Feet: 9583.2
- Lot Size Units: Acres
- Road Surface Type: Paved
Building Exterior/Construction
- Architectural Style: Beach House
- Attached Garage: true
- Construction Materials: Block,Siding CmntFbrHrdBrd
General Information
- Carport: false
- Exterior Features: Balcony,Fenced Back Yard,Hurricane Shutters
- Road Frontage Type: City Street
- Utilities: Electric,Public Water,TV Cable,Underground
Room Information
Room: Breakfast Room
- Level: First
- Dimensions: 19 x 10
- Length: 19.00
- Width: 10.00
Room: Kitchen
- Level: First
- Dimensions: 17 x 10
- Length: 17.00
- Width: 10.00
Room: Laundry
- Level: First
- Dimensions: 11 x 11
- Length: 11.00
- Width: 11.00
Room: Living Room
- Level: First
- Dimensions: 14 x 10
- Length: 14.00
- Width: 10.00
Room: Master Bathroom
- Level: First
- Dimensions: 11 x 10
- Length: 11.00
- Width: 10.00
Room: Master Bedroom
- Level: First
- Dimensions: 19 x 10
- Length: 19.00
- Width: 10.00
Room: Bedroom
- Level: Second
- Dimensions: 14 x 10
- Length: 14.00
- Width: 10.00
Room: Master Bedroom
- Level: Second
- Dimensions: 15 x 13
- Length: 15.00
- Width: 13.00
209 Oleander Drive Neighborhood
Community
32413 (Panama City Beach) Demographics
53
Median Age
180
Population Density (per sq. mile)
48%
College Educated
$72,275
Estimated Median Income
4,913
Estimated Total Home Owners
1,645
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.209 Oleander Drive Monthly Cost
209 Oleander Drive Market Data
Based on the last 30 days in this zip code
$763,692
Average List Price
$471
Average Price per Square Foot
127
Properties Sold
91
Average Days on Market
1,248
Properties for Sale
209 Oleander Drive History
| Date | Value | Agent |
|---|---|---|
| 6/18/2026Source: Central Panhandle MLS | $1,299,000 -1.6% |
|
| 6/9/2026Source: Central Panhandle MLS | $1,320,000 -0.4% |
|
| 5/15/2026Source: Central Panhandle MLS | $1,325,000 -3.1% |
|
| 5/12/2026Source: Central Panhandle MLS | $1,367,000 -0.1% |
|
| 4/16/2026Source: Central Panhandle MLS | $1,369,000 -0.7% |
|
| 3/27/2026Source: Central Panhandle MLS | $1,379,000 -0.8% |
|
| 3/26/2026Source: Central Panhandle MLS | $1,390,000 -0.7% |
|
| 3/17/2026Source: Central Panhandle MLS | March 17, 2026 |