5817 Sunset Avenue, Panama City, FL 32408

Property Description

Welcome to the ultimate coastal setup and a massive financial opportunity--with absolutely NO HOA fees! 5817 Sunset Avenue represents a rare, highly versatile real estate investment opportunity in the heart of Panama City Beach. Constructed in 2020, this dual-dwelling property combines modern coastal architecture with exceptional operational flexibility. Designed intentionally with two fully independent living spaces, the layout features a 1 Bedroom / 1 Bathroom Ground-Floor Lower Suite and a 3 Bedroom / 2 Bathroom Upper Main Home. This newer construction offers flexible living options with a main home and an independent suite ideal for multi-generational living or income generation. Offering a generous 2,002 square feet of modern interior living space, total area 3,508, 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 set-up to immediately jump-start your rental stream or move right in with many brand-new items already in place. The property boasts a massive, fully finished 700-square-foot oversized double garage engineered to double as an incredible recreation area or game room or easily converted to additional bedrooms. Outside, the heavy-duty, extra-wide 49' length x 25' width paver 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. 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 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. 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.