Gulf-View Investment Property with Multiple Rental Units & Prime Redevelopment Potential
Discover a rare investment opportunity on Front Beach Road. This expansive 50' x 235' lot offers breathtaking Gulf views, direct public beach access, and multiple income-producing rental units—ideal for investors, short-term rental operators, or anyone envisioning a future beachfront estate.
The property features a beautifully renovated beach cottage with 4 bedrooms and 3 baths, sleeping up to 18 guests—perfect as a high-performing vacation rental or comfortable primary residence. In addition, an updated duplex provides two separate 2-bed/2-bath units, each with covered parking, offering excellent rental flexibility and steady income.
Located on the highly desirable and less congested West End of Panama City Beach, this property sits near Kiska Beach, 30A, and Pier Park.
This offering includes both buildings, and the lot may be split and sold separately. Don't miss this exceptional opportunity to own a versatile Gulf-view investment with outstanding potential.
For sale
Price cut: $300K (11/18)
$2,000,000
21924 Front Beach Rd, Panama City Beach, FL 32413
8beds
4,066sqft
Est.:
Single Family Residence
Built in 1965
0.29 Acres Lot
$1,847,800 Zestimate®
$492/sqft
$-- HOA
What's special
- 84 days |
- 820 |
- 45 |
Zillow last checked: 8 hours ago
Listing updated: January 06, 2026 at 03:50am
Listed by:
Opey W Russ 850-699-1996,
Gulf Life Real Estate Inc,
Shawn T Prouse 402-955-9058,
Berkshire Hathaway HomeServices Beach Properties of Florida
Source: CPAR,MLS#: 781805
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 7
Rooms
- Room types: Bedroom, Dining Room, Full Bath, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Sunroom
Primary bedroom
- Level: First
- Dimensions: 13.9 x 13
Bedroom
- Level: First
- Dimensions: 13 x 11
Bedroom
- Level: First
- Dimensions: 13 x 11
Primary bathroom
- Level: First
- Dimensions: 9.4 x 16.1
Dining room
- Level: First
- Dimensions: 16.6 x 13
Other
- Level: First
- Dimensions: 9 x 6
Other
- Level: First
- Dimensions: 7.7 x 6
Kitchen
- Level: First
- Dimensions: 10.7 x 13
Living room
- Level: First
- Dimensions: 19.6 x 13
Sunroom
- Level: First
- Dimensions: 22.6 x 11.3
Heating
- Central
Cooling
- Central Air, Multi Units
Appliances
- Included: Electric Range
Interior area
- Total structure area: 4,066
- Total interior livable area: 4,066 sqft
Property
Features
- Patio & porch: Covered, Patio
- Exterior features: Patio
- Has private pool: Yes
- Pool features: Gunite, Gas Heat, In Ground, Private
- Fencing: Full,Fenced,Privacy
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 0.29 Acres
- Dimensions: 50 x 235
Details
- Parcel number: 36009000000
- Zoning description: City, Resid Multi-Family, Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Kiska Beach 1st Add
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $492/sqft
- Date on market: 12/29/2025
- Cumulative days on market: 306 days
- Electric utility on property: Yes
Estimated market value
$1,847,800
$1.76M - $1.94M
$8,851/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2025 | Listed for sale | $2,000,000$492/sqft |
Source:  CPAR #781805 Report a problem | ||
| 12/16/2025 | Pending sale | $2,000,000$492/sqft |
Source: CPAR #781805 Report a problem | ||
| 11/18/2025 | Price change | $2,000,000-13%$492/sqft |
Source: CPAR #781805 Report a problem | ||
| 3/29/2025 | Listed for sale | $2,300,000-2.1%$566/sqft |
Source:  ECAOR #972528 Report a problem | ||
| 11/1/2024 | Listing removed | $2,350,000$578/sqft |
Source: CPAR #758408 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$12,689/mo
Principal & interest
$9872
Property taxes
$2117
Home insurance
$700
Climate risks
Neighborhood: 32413
Nearby schools
GreatSchools rating
- 6/10West Bay Elementary SchoolGrades: K-5Distance: 6.4 mi
- 7/10Surfside Middle SchoolGrades: 6-8Distance: 7.2 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 9.3 mi
Schools provided by the listing agent
- Elementary: West Bay
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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