4120 Nancee Drive
Panama City, FL 32408
MLS# 787257
7 beds | 4 baths | 3451 sqft
Property DescriptionEXCEPTIONAL VALUE ALERT - PRICE IMPROVEMENT OF $150,000! Repriced for immediate sale, this elegant Mediterranean-style beach home presents an outstanding opportunity on the Emerald Coast. Located just 75 feet from the sugar white sand with Gulf views from multiple balconies, this spacious 3-story property is being offered FULLY FURNISHED and TURNKEY with $215,000 in 2025 rental income and future bookings transferable to the new owner.
Featuring 7 bedrooms, 4 full baths, and approximately 3,451 square feet, this thoughtfully designed home offers flexibility for personal use, large groups, or vacation rental investment potential. Interior features include soaring 10-foot ceilings, custom cabinetry, granite countertops, stainless steel appliances, commercial-grade tile flooring, and abundant natural light throughout.
Designed with functionality in mind, the property includes TWO full kitchens, TWO laundry areas, and a lockout configuration ideal for maximizing occupancy and rental versatility. Spacious indoor and outdoor living areas provide ample room for entertaining and relaxing after a day at the beach.
Outdoor highlights include a PRIVATE HEATED POOL, expansive balconies with Gulf views, covered patio spaces, and ample parking with a 2-car garage plus 5 additional driveway parking spaces. Low annual HOA dues add to the appeal of this exceptional coastal property.
Whether you're searching for a primary residence, second home, or income-producing beach investment, this turnkey property offers space, location, and exceptional value in the heart of Panama City Beach.
List Price/SqFt: 623.01
Status: Active
List Date: 2026-03-23
List Price: $2,150,000
Current Price: $2,150,000
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From the Hathaway Bridge Head west on US-98 W. Use the right 3 lanes to turn slightly right to stay on US-98 W; Use the left 2 lanes to turn slightly left onto FL-30 W/Front Beach Rd; Turn left onto Joan Ave; Use any lane to turn left onto C R 392/Thomas Dr; Turn right onto Nancee Dr
Area: 03 - Bay County - Beach
Street #: 4120
Street Name: Nancee
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Holiday Beach On The Gulf
Parcel ID: 30551-110-000
Legal Description: 8 4S 15W -1.11- 58D2 M&B KWN AS LOT 17 OF HOLIDAY BEACH ON GULF UNREC ORB 4555 P 737
Acreage: 0.09
Design: Beach House
Lot Size (SqFt): 3746
Apx SqFt(Htd/Cooled): 3451
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 50x75
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Driveway Spaces: 5
Pool: Yes
Pool Type: Private
Sub-Type: Detached Single Family
Bedrooms: 7
Full Baths: 4
Total Baths: 4
HOA Fee: Yes
HOA Amount: 530
HOA Frequency: Annually
HOA Annual Amount: 530
New Buyer Fee: No
Last Taxes: 15009
Last Tax Year: 2025
Brokerage Interest: No Interest
Remarks: EXCEPTIONAL VALUE ALERT - PRICE IMPROVEMENT OF $150,000! Repriced for immediate sale, this elegant Mediterranean-style beach home presents an outstanding opportunity on the Emerald Coast. Located just 75 feet from the sugar white sand with Gulf views from multiple balconies, this spacious 3-story property is being offered FULLY FURNISHED and TURNKEY with $215,000 in 2025 rental income and future bookings transferable to the new owner.
Featuring 7 bedrooms, 4 full baths, and approximately 3,451 square feet, this thoughtfully designed home offers flexibility for personal use, large groups, or vacation rental investment potential. Interior features include soaring 10-foot ceilings, custom cabinetry, granite countertops, stainless steel appliances, commercial-grade tile flooring, and abundant natural light throughout.
Designed with functionality in mind, the property includes TWO full kitchens, TWO laundry areas, and a lockout configuration ideal for maximizing occupancy and rental versatility. Spacious indoor and outdoor living areas provide ample room for entertaining and relaxing after a day at the beach.
Outdoor highlights include a PRIVATE HEATED POOL, expansive balconies with Gulf views, covered patio spaces, and ample parking with a 2-car garage plus 5 additional driveway parking spaces. Low annual HOA dues add to the appeal of this exceptional coastal property.
Whether you're searching for a primary residence, second home, or income-producing beach investment, this turnkey property offers space, location, and exceptional value in the heart of Panama City Beach.
Range - Electric: 1
Refrigerator: 1
Washer: 1
Water Heater - Electric: 1
Roof - Dimensional Shg: 1
Siding - Hardie Board: 1
Fenced Back Yard: 1
Patio Open: 1
Driveway: 1
Garage Attached: 1
Electricity - Connected: 1
Internet - Broadband Available: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range - Electric; Refrigerator; Washer; Water Heater - Electric
Exterior: Balcony; Deck Open; Fenced Back Yard; Patio Open; Porch Covered
Association Fees Include: Beach
Financing: Cash; Conventional; FHA; VA
Security Features: Smoke Detector(s)
Parking Features: Driveway; Garage Attached
Association Amenities: Beach
Rooms: Balcony; Bedroom; Laundry; Living Room; Master Bedroom
Utilities: Electricity - Connected; Internet - Broadband Available; Public Sewer - Connected; Public Water - Connected
Present Zoning: Resid Single Family
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Master Bedroom | Third | 20.4 x 12.1 | 20.40 | 12.10 | 20.4 x 12.1 |
| Bedroom | First | 13.6 x 11.8 | 13.60 | 11.80 | 13.6 x 11.8 |
| Bedroom | First | 11.7 x 12.2 | 11.70 | 12.20 | 11.7 x 12.2 |
| Bedroom | Third | 12.4 x 12.2 | 12.40 | 12.20 | 12.4 x 12.2 |
| Living Room | | 21 x 15 | 21.00 | 15.00 | 21 x 15 |
| Balcony | | 20 x 8 | 20.00 | 8.00 | 20 x 8 |
| Laundry | | 6 x 6 | 6.00 | 6.00 | 6 x 6 |
Listing Office: Coastal Living Realty & Associates
Last Updated: May - 13 - 2026
Information deemed reliable but not guaranteed.