$1,775,000
Panama City Beach, FL 32413
MLS# 791597
5 beds | 5 baths | 4173 sqft
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Open House (07/11/2026 - 11:00 am - 2:00 pm)
Property Description
Luxury new construction in Laguna Beach Estates on the highly desirable West End of Panama City Beach! Located near the 30A corridor and just minutes from the beautiful beaches, dining, shopping, and entertainment PCB has to offer, 240 Oleander Drive is a standout opportunity for investors, second-home buyers, and luxury coastal buyers. Built in 2026, this 5-bedroom, 4 full bath and 1 half bath home offers approximately 4,173 sq ft H&C and is designed with short-term rental performance in mind. No HOA.Short-term rentals allowed. The spacious layout, private pool, outdoor kitchen, wet bars, and luxury finishes create an ideal setup for vacation rental guests and large groups. Interior features include marble flooring throughout, crown molding, recessed lighting, walk-in laundry room, remote-controlled ceiling fans, double-pane low-E windows, energy-efficient insulation, central HVAC on each floor, two 50-gallon water heaters, and a mini-split system in the garage. The kitchen features Cristalo quartz countertops, a Black Lava quartz island, undermount sink, and upgraded full-overlay white oak cabinetry with soft-close concealed hinges, full-extension soft-close drawer glides, plywood box construction, natural birch interiors, and PPG stain finish. Wet bars with wine coolers are located on both the first and second floors. Outdoor features include a custom brushed copper iron door, fully paved driveway, landscaped backyard, inground saltwater pool, outdoor kitchen with Black Pearl granite, outdoor shower, sprinkler system with separate irrigation meter, keyless side entry, and low-risk Flood Zone X. One-year builder warranty included. Rental projections conservative $168,500- to optimized $240,000. Short-term rentals allowed / STR eligible, subject to buyer obtaining required City of PCB Vacation Rental Certificate, DBPR license, BTR, TDT registration, and fire/life safety approval
Details
Maps
Contract Info
List Price/SqFt: 425.35
Status: Active
List Date: 2026-06-19
List Price: $1,775,000
Current Price: $1,775,000
Location
Sub Area: 0324 - Beach - West Central
Community/Resort: Laguna Beach
Waterfront: No
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: Taking Us 98 West, continue past Pier Park, Turn left onto Oleander Dr continue to 240 Oleander Dr about two blocks from beach.
Area: 03 - Bay County - Beach
Street #: 240
Street Name: Oleander
Street Suffix: Drive
State: FL
Zip Code: 32413
County: Bay
Subdivision: Laguna Beach Estates 7th Add
Parcel ID: 36862-010-000
Legal Description: LAGUNA BEACH EST 7TH ADD -2.55A- 13D1 LOT 20 BLK 29 ORB 4797 P 1432
General Property Info
Acreage: 0.12
Design: Contemporary
Lot Size (SqFt): 4792
Apx SqFt(Htd/Cooled): 4173
Construction Status: Construction Complete
SqFt Source: Builders Plans
Half Baths: 1
# of Stories in Building: 3
Pre-Const Flip: No
Lot Dimensions: 50.0 ft x 102.0 ft
New Construction: Yes
Garage Y/N: Yes
Garage Spaces: 1
Beach Frontage: 0
Covered Spaces: 0
Driveway Spaces: 2
Assigned Spaces: 0
Pool: Yes
Pool Type: Private
Sub-Type: Detached Single Family
Bedrooms: 5
Full Baths: 4
Total Baths: 5
Year Built: 2026
Listing Info, Tax and Legal
Homestead: No
HOA Fee: No
Senior Community: No
Is Subject Leased: No
New Buyer Fee: No
Last Tax Year: 2025
Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.
Remarks & Misc
Remarks: Luxury new construction in Laguna Beach Estates on the highly desirable West End of Panama City Beach! Located near the 30A corridor and just minutes from the beautiful beaches, dining, shopping, and entertainment PCB has to offer, 240 Oleander Drive is a standout opportunity for investors, second-home buyers, and luxury coastal buyers.
Built in 2026, this 5-bedroom, 4 full bath and 1 half bath home offers approximately 4,173 sq ft H&C and is designed with short-term rental performance in mind. No HOA.Short-term rentals allowed. The spacious layout, private pool, outdoor kitchen, wet bars, and luxury finishes create an ideal setup for vacation rental guests and large groups.
Interior features include marble flooring throughout, crown molding, recessed lighting, walk-in laundry room, remote-controlled ceiling fans, double-pane low-E windows, energy-efficient insulation, central HVAC on each floor, two 50-gallon water heaters, and a mini-split system in the garage.
The kitchen features Cristalo quartz countertops, a Black Lava quartz island, undermount sink, and upgraded full-overlay white oak cabinetry with soft-close concealed hinges, full-extension soft-close drawer glides, plywood box construction, natural birch interiors, and PPG stain finish. Wet bars with wine coolers are located on both the first and second floors.
Outdoor features include a custom brushed copper iron door, fully paved driveway, landscaped backyard, inground saltwater pool, outdoor kitchen with Black Pearl granite, outdoor shower, sprinkler system with separate irrigation meter, keyless side entry, and low-risk Flood Zone X. One-year builder warranty included.
Rental projections conservative $168,500- to optimized $240,000.
Short-term rentals allowed / STR eligible, subject to buyer obtaining required City of PCB Vacation Rental Certificate, DBPR license, BTR, TDT registration, and fire/life safety approval
Pool Features
Inground: 1
Saltwater: 1
Appliances
Bar Fridge: 1
Dishwasher: 1
ENERGY STAR Qualified Appliances: 1
Refrigerator: 1
Washer: 1
Water Heater - Electric: 1
Wine Refrigerator: 1
Interior Features
Floor - Marble: 1
Kitchen Island: 1
Exterior
Balcony: 1
Built-in Barbecue/Grill: 1
Fenced Back Yard: 1
Summer Kitchen: 1
Sprinkler System: 1
Furnished
Unfurnished: 1
Living Room
First: 1
Second: 1
Lot Features
Landscaped: 1
Near Beach Access: 1
Lot Access
City Street: 1
Parking Features
Garage Attached: 1
Garage Door Opener: 1
Paved: 1
Rooms
Bedroom: 1
Living Room: 1
Primary Bedroom: 1
Showing
ShowingTime: 1
Utilities
Cable - Available: 1
Electricity - Connected: 1
Lift Station: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Primary Bedroom
Second: 1
Bedroom
First: 1
Cooling
ENERGY STAR Qualified Equipment: 1
Heating
ENERGY STAR Qualified Equipment: 1
Fireplace - Electric: 1
Primary Bdrm/Primary Bath
MBath Double Vanity: 1
MBath Separate Shwr: 1
MBed Balcony: 1
MBed First Floor: 1
MBed Walk-in Closet: 1
Property Features
Appliances: Bar Fridge; Dishwasher; ENERGY STAR Qualified Appliances; Refrigerator; Washer; Water Heater - Electric; Wine Refrigerator
Primary Bedroom: Second
Bedroom: First
Cooling: ENERGY STAR Qualified Equipment
Heating: ENERGY STAR Qualified Equipment; Fireplace - Electric
Exterior: Balcony; Built-in Barbecue/Grill; Fenced Back Yard; Summer Kitchen; Sprinkler System
Furnished: Unfurnished
Living Room: First; Second
Lot Features: Landscaped; Near Beach Access
Lot Access: City Street
Pool Features: Inground; Saltwater
Parking Features: Garage Attached; Garage Door Opener; Paved
Rooms: Bedroom; Living Room; Primary Bedroom
Showing: ShowingTime
Utilities: Cable - Available; Electricity - Connected; Lift Station; Public Sewer - Connected; Public Water - Connected
Room Information
| Room Name | Level | Dimensions | Length | Width |
| Living Room | First | 16 x 21 | 16.00 | 21.00 |
| Bedroom | First | 13 x 12 | 13.00 | 12.00 |
| Primary Bedroom | Second | 15 x 15 | 15.00 | 15.00 |
| Living Room | Second | 18 x 20 | 18.00 | 20.00 |
| Primary Bedroom | Second | 15 x 17 | 15.00 | 17.00 |
Listing Office: Coldwell Banker Realty
Last Updated: July - 11 - 2026
Information deemed reliable but not guaranteed.