5616 Pinetree Avenue
Panama City Beach, FL 32408
$419,000
Active
Description
Fully renovated beach cottage and RENTAL MACHINE only .3 miles from the Gulf! This stunning 3-bedroom, 2-bath coastal home sits on a huge lot with no HOA in the heart of Lower Grand Lagoon, offering the kind of space that is nearly impossible to find this close to the water. Every inch of this cottage has been meticulously updated, including a 2020 metal roof, HVAC, Hardie Board siding, vinyl windows, septic system, PEX plumbing, and copper wiring. The coastal interior shines with granite countertops, white cabinets, stainless appliances, wood-look tile flooring, and updated fixtures throughout. All of the furnishings convey to the new buyer.
Beyond the beautiful renovations, this property is a proven high-producing investment that has consistently delivered impressive results, generating $58,642 in 2023, $50,378 in 2024, and $45,591 in 2025. It is currently self-managed and the seller would be happy to share his process and vendors so a new buyer could continue. 2026 is on track with HUGE numbers! Over $41,500 already completed in Jan-July 2026!
The massive yard provides plenty of room to add a private pool, while the oversized driveway offers an abundance of parking for a boat, jet skis, and golf cart. An amazing covered front porch offers the perfect hangout, while the private outdoor shower makes cleaning off the sand effortless after a day at the beach.
Listing details MLS# 1007459
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2723 - Beach - South of Grand Lagoon
- Subdivision
- BILTMORE BEACH
- County
- Bay
- Parcel ID
- 31942-000-000
- Tax year
- 2025
- Annual tax
- 4777.25
- Legal description
- BILTMORE BEACH LOT 10 BLK Q ORB 4645 P 2061 MAP 70B1
- Zoning
- Resid Single Family
General Property Info
- Property type
- Residential
- Year built
- 1956
- Acreage
- 0.18
- Lot size (sq ft)
- 7840.8
- Lot dimensions
- 190x82x137x60
- New construction
- No
- Condition
- Construction Complete
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Full baths
- 2
- Half baths
- 0
- Building area
- 1023
- Cooling
- Central Air
- Total rooms
- 5
Utilities
- Utilities
- Electric, Public Water
- Sewer
- Septic Tank
Schools
- Elementary
- Patronis
- Middle school
- Surfside
- High school
- Arnold
Remarks and Misc
- Directions
- From Thomas Dr heading west, turn right onto Biltmore Beach then left onto Pinetree Ave. Home on right.
