209 Oleander Drive, Panama City Beach, FL 32413 (MLS# 785643)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 4972

Last Tax Year: 2025

Brokerage Interest: No Interest

List Price/SqFt: 492.85

Status: Active

List Date: 2026-02-14

List Price: $1,379,000

Current Price: $1,379,000

Sub Area: 0324 - Beach - West Central

Community/Resort: Laguna Beach

Waterfront: No

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: Follow US-98 W to Oleander Dr in Laguna Beach

Area: 03 - Bay County - Beach

Street #: 209

Street Name: Oleander

Street Suffix: Drive

State: FL

Zip Code: 32413

County: Bay

Subdivision: Laguna Beach Estates 7th Add

Parcel ID: 36813-000-000

Legal Description: LAGUNA BEACH ESTATES 7TH ADD LOTS 1, 2 & 3 BLK 28 LESS PRCL ORB 3499 P 1773

Design: N/A

Apx SqFt(Htd/Cooled): 2798

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

Lot Dimensions: 150 X 55 X 73 X 55

New Construction: No

Garage Y/N: Yes

Garage Spaces: 3

Pool: No

Sub-Type: Multi Family

Bedrooms: 4

Full Baths: 3

Total Baths: 4

Year Built: 1964

Remarks: 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!

First: 1

Second: 1

First: 1

First: 1

First: 1

Cooktop - Electric: 1

Dishwasher: 1

ENERGY STAR Qualified Appliances: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Range Hood: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Tankless: 1

Water Softener - Owned: 1

Bookcases: 1

Ceiling - Crwn Molding: 1

Fireplace: 1

Floor - Tile: 1

Floor - Vinyl: 1

Floor - Vinyl Plank: 1

Pantry: 1

Window - Treatment All: 1

Block: 1

Foundation - Slab on Grade: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Trim - Hardie Board: 1

Balcony: 1

Fenced Back Yard: 1

Fenced Lot-Part: 1

Hurricane Shutters: 1

Shower: 1

Patio Covered: 1

Patio Enclosed: 1

Porch Covered: 1

Porch Screened: 1

Sprinkler System: 1

Garage(s): 1

Cash: 1

Conventional: 1

VA: 1

Unfurnished: 1

Smart Thermostat: 1

First: 1

First: 1

City Street: 1

Paved Road: 1

Additional Parking: 1

Garage Attached: 1

Garage Detached: 1

Paved: 1

MBath Double Vanity: 1

MBath Shower Only: 1

See Remarks: 1

Resid Multi-Family: 1

Bedroom: 1

Breakfast Room: 1

Family Room: 1

Full Bathroom: 1

Garage: 1

Kitchen: 1

Living Room: 1

Master Bathroom: 1

Master Bedroom: 1

Studio: 1

ShowingTime: 1

Cable - Available: 1

TV Cable: 1

Internet - Fiber Optic: 1

Sewer Available: 1

Public Water - Connected: 1

Underground Utilities: 1

As Is: 1

Second: 1

First: 1

Second: 1

Central Air: 1

ENERGY STAR Qualified Equipment: 1

Mini-Split/Ductless: 1

Central: 1

ENERGY STAR Qualified Equipment: 1

Heat Pump: 1

Other - See Remarks: 1

Secured Garage/Parking: 1

Security System: 1

Smoke Detector(s): 1