Price Reduction
Address
5817 Sunset Avenue, Panama City, FL
Price
$ 749,999
Property Attributes
- MLS#791207
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodBiltmore Beach 1st Add
- Zip32408
- Style
- Year Built2020
- Taxes$ 6446
- Price$ 749,999
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1988
- Lot Size0.14 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
This newer construction offers flexible living options with a main home and an independent suite ideal for multi-generational living or income generation. Welcome to the ultimate coastal setup and a massive financial opportunity--with absolutely NO HOA fees! Perfectly situated in a highly desirable pocket of Lower Grand Lagoon, this newer construction property puts you in the ultimate sweet spot: perfectly nestled between the open waters of the Grand Lagoon and the world-famous white sand beaches of the Gulf. Sitting safely in unincorporated Bay County also keeps your property taxes lower and your property rights greater than inside city limits, offering highly favorable, flexible rental rules and zoning. You have the ultimate freedom to park your toys and run your property your way. You are centrally located to the area's best dining and entertainment, you are also just a short drive to the award-winning St. Andrews State Park--a pristine paradise where you can completely escape into nature and enjoy true solitude. On top of the unbeatable location, you are just 3 blocks from the premier boat ramp in the area, letting you get from your driveway to the water in minutes. Offering a generous 2,002 square feet of modern interior living space, this property is masterfully designed as two separate, independent dwellings. This creates the perfect layout to live comfortably in the larger, spacious upper main home while generating immediate passive income from the independent lower suite. The lower dwelling is a proven cash-flow producer with a verified annual rental history and an upward-trending trajectory. Furniture is negotiable, making this the perfect turnkey setup to immediately jumpstart your rental stream or move right in with many brand-new items already in place. The property also boasts a massive, fully finished 700-square-foot oversized double garage engineered to double as an incredible recreation area or game room. Outside, the heavy-duty, extra-wide 49' length x 25' width driveway is custom-built to effortlessly park a large boat trailer, center console, or full-sized RV with room to spare, complete with a professional dedicated 50-amp electric hookup to power your rig or marine craft. Your private outdoor resort experience comes alive with over 800 square feet of expansive wrap-around decks and porches, offering a lovely peek-a-boo view of the shimmering Gulf waters and the ultimate setup for open-air dining, entertaining, or catching the sea breeze. These massive porch spaces overlook a fully privacy-fenced backyard. Designed with the plumbing and septic strategically placed in the front yard, the back is completely open and perfectly cleared for an inground swimming pool or a large lawn area for kids and pets to play. The yard already features a matching exterior storage building that is perfectly positioned to be easily converted into your own custom tiki bar, pool house, or surf shack. Complete with a built-in sprinkler system, outdoor shower, and a durable metal roof, this newer home is completely turnkey and ready for its next chapter.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 6/12/2026 | Listed $899,000 |
| 6/29/2026 | 5$849,900 |
| 7/15/2026 | 6$799,999 |
| 7/30/2026 | 3$774,999 |
| 8/13/2026 | Listed $773,999 |
| 8/28/2026 | 3$749,999 |
General Features
| Utilities | Cable Connected,Electricity Available,Underground Utilities |
|---|---|
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Biltmore Beach 1st Add |
| Special Listing Conditions | Listed As-Is |
| Status | Active |
| Directions | South on Thomas Drive, pass Rick Seltzer Park, left on Dolphin, just before Regency Towers, then right on Sunset, house on your right |
| High School | Arnold |
| City | Panama City |
| Zoning Description | County |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6098 |
| Elementary School | Patronis |
| Land Lease Y/N | true |
| Tax Annual Amount | 6446 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Active |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Occupied |
| Year Built | 2020 |
| Heating | Central,Electric |
| Cooling | Central Air,Ceiling Fan(s) |
| Appliances | Electric Oven,Electric Water Heater |
| Patio/Porch Features | Balcony |
| Construction Materials | HardiPlank Type,Wood Frame |
| View | Other |
| Attached Garage | false |
| Garage Y/N | true |
| Total Rooms | 13 |
| Full Baths | 3 |
| Garage Spaces | 2 |
| Architectural Style | Coastal |
| Security Features | Smoke Detector(s) |
| New Construction | false |
| Senior Community Y/N | false |
| Roof | Metal |
Interior Features
| Total Baths | 3 |
|---|---|
| Interior Amenities | Double Vanity,Upper Level Primary,Walk-In Closet(s) |
| Furnished Units | None |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 4 |
| LivingAreaSource | Appraiser |
| Window Features | Double Pane Windows |
Exterior Features
| Lot Features | Sprinkler System |
|---|---|
| Lot Size Area | 0.14 |
| Lot Dimensions | 50x120 |
| Lot Size Acres | 0.14 |
| Parking Features | Garage,Garage Door Opener |
| Building Area Total | 1988 |
| Waterfront Y/N | false |
| Exterior Amenities | Outdoor Shower |
| Fencing | Partial,Privacy |
| Foundation Details | Slab |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32408
Price
Taxes
Year Built
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively 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.
