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209 Oleander Drive
Panama City Beach, FL 32413

$1,369,000 - Status: Active

Beds: 4

Baths: 3 full 1 partial

SQFT (H&C): 2,798

MLS# 996241

OPPORTUNITY ABOUNDS ON THIS LAGUNA BEACH PROPERTY! Welcome to 209 Oleander Drive, ideally located in the heart of Panama City Beach on a spacious L-shaped lot, just steps from the sugar-white sands and emerald waters of the Gulf (less than 600 steps to the beach!). This versatile property is perfect as a primary residence, second home, or income producing short-term rental with two separate living spaces. The main house, currently owner-occupied and remodeled in 2017, features bright living spaces and a functional, open flow that is welcoming for both owners and guests. Step outside to enjoy a private outdoor area perfect for relaxing after a day at the beach or entertaining visitors. A standout feature is the 30x30 insulated workshop, offering endless possibilities. With plumbing already in place, it could easily be converted into an additional rental unit, used for a home business, or serve as storage for vehicles or a collection.The property also includes a carriage house (ADU) built in 2023, complete with a two-car garage. Over the past two years, this unit has generated $20,000 annually in short-term rental income, making it an excellent opportunity for buyers seeking immediate investment potential. The two-car garage with separate entrance also offers the option to be converted into additional rental space.Both homes include a full appliance package, tankless water heaters, walk-in showers, and smoke detectors. The property is connected to city water and sewer (no septic), with one shared water/sewer bill and two separate electric meters. Refer to upgrade list in document section.Whether you're looking for a personal beach retreat, an income-producing property, or a combination of both, this unique opportunity offers flexibility, expansion potential, ample storage, and an unbeatable location.Schedule your showing today and discover the possibilities of beach living and investment in Panama City Beach!

Property Features

MLS#: 996241

Zip: 32413

Subdivision: Laguna Beach Estates 7th Addn

Development: 27 - Bay County

Property Type: Residential - Single Family

Cooling: Central Air

Days on Site: 50

Fenced: Yes

Garage: 4 car attached

Heating: Heat Pump Air To Air, Central

Home Style: Beach House

Lot Size: 0.22 acres

Stories: 2.0

Taxes: $4,972

Year Built: 1964

SQFT (H&C): 2,798

Feature Descriptions

Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Security System, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Tnkls

Exterior: Balcony, Fenced Back Yard, Hurricane Shutters

Exterior: Block, Siding CmntFbrHrdBrd

Financing Terms: Conventional, VA

Flooring: Floor Vinyl

Interior: Ceiling Crwn Molding, Fireplace, Pantry

Lot Dimensions: 150 X 55 X 73 X 55

Parcel Number: 36813-000-000

Parking: Garage Detached

Patio/Porch: Patio Covered, Patio Enclosed

Property Condition: Construction Complete

Road Frontage: City Street

Road Surface: Paved

Rooms Total: 8

Security: yes

Sewer: Public Sewer

Sub Type: Detached Single Family

Utilities: Electric, Public Water, TV Cable, Underground

Window: Window Treatment All

Room Sizes

Kitchen: 17 X 10 Level - First

Breakfast Room: 19 X 10 Level - First

Primary Bathroom: 11 X 10 Level - First

Primary Bedroom: 19 X 10 Level - First

Living Room: 14 X 10 Level - First

Primary Bedroom: 15 X 13 Level - Second

Bedroom: 14 X 10 Level - Second

Laundry: 11 X 11 Level - First

Local Schools

High School: Arnold

Middle School: Surfside

Elementary School: West Bay

209 Oleander Drive | MLS# 996241

This single family home located at 209 Oleander Drive, Panama City Beach, FL 32413 is currently listed for sale by Beachy Beach Real Estate, with an asking price of $1,369,000. This property was built in 1964 and has 4 bedrooms and 3 full and 1 partial baths with 2798 sq. ft. Oleander Drive is located in the LAGUNA BEACH ESTATES 7TH ADDN subdivision. Search LAGUNA BEACH ESTATES 7TH ADDN real estate on bmatthews.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Beachy Beach Real Estate

Shown By

Agent Name: Brittany "Britt" Matthews
Agent Phone: (732) 539-6720

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/17/2026 1:25:33 AM EST) or Emerald Coast MLS (last updated Fri 04/17/2026 12:05:32 AM EST) or Central Panhandle Association of Realtors (last updated Fri 04/17/2026 1:17:19 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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209 Oleander DrivePanama City Beach, FL 32413