Favorite

209 Oleander Drive
Panama City Beach, FL 32413

$1,199,000 - Status: Active

Beds: 4

Baths: 3 full 1 partial

SQFT (H&C): 2,798

MLS# 797399

COASTAL LIVING MEETS INCOME POTENTIAL IN LAGUNA BEACH! With projected annual rental income of $85,000 from the existing residences, 209 Oleander Drive offers an exceptional opportunity to enjoy the beach while putting your investment to work. The owner currently occupies the main home, leaving substantial income potential to unlock by renting both residences. Under 500 steps to the beach, this versatile property sits on nearly a quarter acre and combines multiple living spaces, established short-term rental history, generous storage, and flexibility for personal use or investment. Remodeled in 2017, the main residence features bright, inviting living spaces, an open, functional flow, and a private outdoor area perfect for unwinding after the beach or entertaining guests. The separate carriage house/ADU, built in 2023, adds immediate rental appeal and includes a two-car garage with its own entrance. Depending on your vision and needs, the carriage house garage could readily lend itself to finishing as another unit. This added opportunity could potentially bring total annual rental income up as well! A separate 30x30 insulated workshop with plumbing already in place provides exceptional space for hobbies, vehicles, beach gear, or recreational storage. Both residences include full appliance packages, tankless water heaters, walk-in showers, and smoke detectors. City water and sewer, one shared water/sewer bill, and two separate electric meters add everyday convenience. Whether you envision a full-time coastal home with rental income, a beach getaway that helps support itself, or a dedicated investment property, 209 Oleander Drive delivers a compelling combination of location, versatility, and income potential--with room to grow. Schedule your private showing and discover the possibilities.

Property Features

MLS#: 797399

Zip: 32413

Subdivision: Laguna Beach Estates 7th Add

Development: 0324 - Beach - West Central

Property Type: Residential - Single Family

Cooling: Central Air, Ductless, ENERGY STAR Qualified Equipme

Fenced: Yes

Garage: 4 car attached

Heating: Central, Electric, ENERGY STAR Qualified Equipment, H

Home Style: Coastal

Lot Size: 0.22 acres

Roof Type: Metal

Taxes: $4,972

Year Built: 1964

SQFT (H&C): 2,798

Feature Descriptions

Appliances: Washer/Dryer Stacked, ENERGY STAR Qualified Appliances, Electric Cooktop, Electric Oven, Electric Range, Water Softener Owned, Tankless Water Heater

Community Features: Short Term Rental Allowed

Exterior: Block, HardiPlank Type

Exterior Features: Outdoor Shower, Porch

Fencing: Fenced, Partial

Flooring: Plank, Vinyl

Interior Features: Double Vanity, Main Level Primary, Smart Thermostat

Laundry: Stacked

Lot Description: Sprinkler System, Paved

Lot Dimensions: 150 X 55 X 73 X 55

Parcel#: 36813-000-000

Parking: Additional Parking, Paved

Parking Notes: Additional Parking, Paved

Patio/Porch: Balcony, Covered, Patio, Porch, Screened

Security: yes

Security: Secured Garage/Parking, Security System, Smoke Detector(s)

Sewer: Public Sewer

Utilities: Cable Connected, Underground Utilities

Room Sizes

Laundry: 11 X 11 Level - First

Full Bath: 7 X 6 Level - First

Primary Bathroom: 11 X 10 Level - First

Garage: 33 X 22 Level - First

Studio: 22 X 11 Level - First

Full Bath: 8 X 10 Level - Second

Living Room: 14 X 10 Level - First

Breakfast Room/ Nook: 19 X 10 Level - First

Kitchen: 17 X 10 Level - First

Family Room: 18 X 33 Level - Second

Bedroom: 12 X 10 Level - First

Primary Bedroom: 19 X 10 Level - First

Bedroom: 14 X 10 Level - Second

Bedroom: 15 X 13 Level - Second

Local Schools

High School: Arnold

Middle School: Surfside

Elementary School: West Bay

209 Oleander Drive | MLS# 797399

This single family home located at 209 Oleander Drive , Panama City Beach, FL 32413 is currently listed for sale with an asking price of $1,199,000. 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 Add subdivision. Search Laguna Beach Estates 7th Add real estate on sfrimet.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Emerald

Shown By

Agent Name: Stephanie Frimet
Agent Phone: (850) 814-3781
Agency Title: Beachy Beach Real Estate

Ask a Question

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 11/04/2026. The listing information on this page last changed on 11/04/2026. 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 Wed 11/04/2026 12:09:17 AM EST) or Emerald Coast MLS (last updated Wed 11/04/2026 12:05:30 AM EST) or Central Panhandle Association of Realtors (last updated Wed 11/04/2026 12:07:21 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.
Privacy Policy / DMCA Notice / ADA Accessibility

209 Oleander Drive Panama City Beach, FL 32413