21916 Belgrade Avenue, Panama City Beach, FL 32413

• 4 beds |
• 4 baths |
• 2,008 sqft

Property Description

Situated on the highly desirable West End of Panama City Beach, just one block from the stunning Gulf of Mexico, this multi-family property offers incredible potential for seasoned investors or those looking to enter the booming vacation rental market. With convenient access to multiple public beach access points within a few blocks, this property combines location, flexibility, and growth potential like no other. The property at 21916 Belgrade Ave features two main buildings plus a bonus structure, presenting multiple income streams. Building one is a spacious, fully upgraded two-bedroom, two-bath condo with an additional bunk nook — ideal for maximizing rental capacity. The modern kitchen with granite counters and stainless steel appliances appeals to guests seeking comfort and style, while the primary suite with en-suite bath and elegant furniture package provides a premium rental experience. The second bedroom, filled with natural light, comfortably hosts two queen beds, making it a favorite among vacationers. Building two offers a duplex layout with mirrored one-bedroom, one-bath units, each with a small kitchen  perfect for short-term rentals or long-term tenants. Both sides are unfurnished, offering flexibility for customization and maximization of rental income. The back bonus building functions as a dedicated studio unit currently leased long-term, and could also serve as a laundry or management hub, adding more value and convenience. Located in Panama City Beach's fastest-growing area, this property benefits from low density, quiet beaches, and Old Florida charm combined with rising popularity. The West End's proximity to top beaches, local restaurants, grocery options, and entertainment venues make it a prime spot for vacation rentals, providing excellent appreciation potential!

Listing Status:

Active

Date Added:

November 3, 2025 at 06:00AM

Listing Office:

Christies International Real Estate Emerald Coast : 850-660-1830

Listing Agent:

Brittany M Roby : 419-699-4303

MLS ID:

988846

Interior

• A/C: Central AirCeiling Fan(s)

Exterior

• General: BalconyHot TubSeparate Bldg Rent
• Style: Beach House

Construction

• General: BlockStucco1

Location

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

Lot

• Zoning: Resid Multi-Family35998-040-000

Utilities

• Water: 0

Financial

• Source: Emerald Coast Association of REALTORS®

This listing courtesy of Brittany M Roby, Christies International Real Estate Emerald Coast