5616 Pinetree Avenue, Panama City, FL 32408 (MLS# 787034)

List Price/SqFt: 429.13

Status: Active

List Date: 2026-03-19

List Price: $439,000

Current Price: $439,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: No

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: From Thomas Dr heading west, turn right onto Biltmore Beach then left onto Pinetree Ave. Home on right.

Area: 03 - Bay County - Beach

Street #: 5616

Street Name: Pinetree

Street Suffix: Avenue

State: FL

Zip Code: 32408

County: Bay

Subdivision: Biltmore Beach

Parcel ID: 31942-000-000

Legal Description: BILTMORE BEACH LOT 10 BLK Q ORB 4645 P 2061 MAP 70B1

Acreage: 0.18

Design: Beach House

Lot Size (SqFt): 8059

Apx SqFt(Htd/Cooled): 1023

Construction Status: Construction Complete

SqFt Source: Owner Measured

Lot Dimensions: 190x82x137x60

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 1956

HOA Fee: No

New Buyer Fee: No

Last Taxes: 4777

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Fully renovated beach cottage and RENTAL MACHINE only .3 miles from the Gulf! This stunning 3-bedroom, 2-bath coastal home sits on a huge lot with no HOA in the heart of Lower Grand Lagoon, offering the kind of space that is nearly impossible to find this close to the water. Every inch of this cottage has been meticulously updated, including a 2020 metal roof, HVAC, Hardie Board siding, vinyl windows, septic system, PEX plumbing, and copper wiring. The coastal interior shines with granite countertops, white cabinets, stainless appliances, wood-look tile flooring, and updated fixtures throughout. All of the furnishings convey to the new buyer. Beyond the beautiful renovations, this property is a proven high-producing investment that has consistently delivered impressive results, generating $58,642 in 2023, $50,378 in 2024, and $45,591 in 2025. It is currently self-managed and the seller would be happy to share his process and vendors so a new buyer could continue. The massive yard provides plenty of room to add a private pool, while the oversized driveway offers an abundance of parking for a boat, jet skis, and golf cart. An amazing covered front porch offers the perfect hangout, while the private outdoor shower makes cleaning off the sand effortless after a day at the beach. This prime location puts you mere blocks from the community boat ramp and minutes from the area's best-loved dining spots like Schooners, Patches, and Finn's, offering guests the ultimate coastal lifestyle with world-class boating, fishing, and white sandy beaches just down the street. This property perfectly balances a relaxed coastal vibe with a proven track record of rental success. Schedule your showing today. A video tour is also available

Dishwasher: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Fenced Privacy: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Furnished: 1

First: 1

First: 1

Paved Road: 1

Additional Parking: 1

Bedroom: 1

Kitchen: 1

Living Room: 1

ShowingTime: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Public Water - Connected: 1

Septic Tank: 1

As Is: 1

First: 1

Central Air: 1

Central: 1