209 Oleander Drive, Panama City Beach, FL 32413

• 4 beds |
• 4 baths |
• 2,798 sqft

Property Description

Laguna Beach Two Homes. Two Opportunities on L-Shaped Lot. Ideal for primary residence, second home, or short-term rental for both homes. Welcome to 209 Oleander Drive, a prime opportunity in the heart of Panama City Beach--perfect for both personal use and investment. Located just minutes from the sugar-white sands and emerald waters of the Gulf. This home offers easy access to beaches, dining, shopping, and entertainment. The Main House, remodeled in 2017 has bright living spaces, and an easy flow make it welcoming for guests and owners alike. Outside, enjoy a private area perfect for relaxing after a beach day or hosting visitors. The main house has 2 Bedrooms. 2 Full Baths. Dining Room, Kitchen, Living Room, new plumbing and wiring, 2025 HVAC with UV Light, Heat Pump. Screen In Patio, Large Outdoor Deck, Fenced Backed Yard. Touchless Faucet. Hurricane Panels. Outdoor Shower. Sprinkler System. Kitchen on first floor. 8 x 12 Storage Shed. 30 x 30 Insulated Workshop. Ozone Hot Tub, no chlorine needed. Slab on Grade. Concrete Block House with Harding Siding/Trim. The Garage can hold 2 cars and a golf cart. Driveway can hold 6 cars. The property also includes a Carriage House with a two-car garage built in 2023. Over the past two years, the sellers have generated approximately $23,000 per year in short-term rental income (estimated), making this an attractive option for buyers seeking a property with established rental performance. Its desirable location and proximity to popular PCB attractions support continued short-term rental demand. Slab on Stem Wall. Wood Framing. Harding Siding/Trim. Balcony. Paved Patio. Furniture Negotiable. Vinyl Plank throughout. Smart Thermostat. All Window Treatments. Hurricane windows. High Impact Window and Doors. Kitchen on 2nd Floor. Great room, Master, 2nd Bedroom, Bathroom with separate water closet. Stackable Washer and Dryer in Carriage House. Master Bed 15 x13. Second Bedroom 14 x 10. Bathroom 8 x 10. Main Room 18 x 33. Downstairs Studio 22 x 11. Laundry/Utility Room 11 x 11. Garage 33 x 22. 2 Car Garage and 4 Parking Places in Driveway. 527Steps to Sand. Both Homes include Full appliance package, Tankless Water Heater, walk in shower and Smoke Detectors. Water/Sewer is one bill for both homes, Two electric meters. Whether you're looking for a beach getaway, income-producing property, or a combination of both, 209 Oleander Drive offers flexibility, location, and proven rental potential. Schedule your showing today and explore the possibilities of beach living and investment in Panama City Beach. More Pictures to Follow.

Listing Status:

Active

Date Added:

February 25, 2026

Data Last Updated:

April 3, 2026 at 3:23PM

Listing Office:

Beachy Beach Real Estate : 850-233-4351

Listing Agent:

Karen K Smith : 850-233-4351

MLS ID:

996241

Interior

• General: Crown MoldingFireplacePantry
• Appliances: CooktopDishwasherDryerMicrowaveRange HoodRefrigeratorWasherTankless Water Heater
• Flooring: Vinyl
• A/C: Central Air
• Heating: Heat PumpCentral

Exterior

• General: BalconyPrivate YardHurricane Shutters
• Style: Beach House
• Parking: Garage Detached

Construction

• Windows: Window Treatments
• General: BlockSiding CmntFbrHrdBrd2

Location

• Road/Access: City Street
• Originating MLS: Emerald Coast Association of REALTORS®
• County: Bay

Lot

• Zoning: Resid Multi-Family36813-000-000

Utilities

• Water: 0

Financial

• Source: Emerald Coast Association of REALTORS®