CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
Charming Turnkey Rental Investment with Boat Slip in Beautiful Panama City, Florida!
Welcome to your next investment! This delightful turnkey rental Condo is the perfect opportunity for anyone looking to step into the thriving Panama City rental market without the hassle.
What You'll Love About This Property:
- Fantastic Location: Situated right on Watson Bayou just a mile away from Downtown Panama City with amazing dining spots, and fun local attractions, this unit is perfectly positioned to attract both vacationers and long-term tenants. Perfect for avid fishermen, keep your boat at the deeded boat slip and just a 10 minute ride to the Saint Andrews Pass!
- Move-In Ready: Fully furnished with stylish decor and comfortable furnishings, this charming unit is ready to welcome guests right away. Simply move in or list it for rentals immediately!
- Spacious Comfort: With 844 sq ft of inviting living space, this unit features 2 cozy bedrooms and 2 bathrooms, plus an open-concept layout that's perfect for relaxing or entertaining.
- Modern Amenities: Enjoy a well-equipped kitchen with sleek stainless steel appliances, generous countertops, and ample storage options. Plus, you'll find convenient in-unit laundry facilities and air conditioning for year-round comfort. HOA covers Internet, boat slip (with Electric & water), trash, & pest control! Only pay your electric!
- Bonus Feature - Deeded Boat Slip: This property even includes a deeded boat slip! Perfect for those who love spending time on the water, it offers easy GULF access to boating and fishing right from your doorstep.
- Rental History: With AirbNb rental history and a high demand for properties in this area, you can feel confident in your investment's potential for cash flow and appreciation.
- Low Maintenance: Well-maintained and managed, this property is not only charming but also easy to care for, making it an ideal rental investment.
Don't miss this friendly and fabulous turnkey rental opportunity in lovely Panama City! Contact us today to schedule your showing and start your journey to owning this amazing property!
Any Assessment paid in full at closing!
Sold for $223,000 on 09/15/25
$223,000
1320 E 5th St APT 103, Panama City, FL 32401
2beds
844sqft
Condominium
Built in 1985
-- sqft lot
$223,000 Zestimate®
$264/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 16, 2025 at 06:37am
Listed by:
Megan Osborn 850-276-0020,
Foundation Real Estate Agency LLC
Bought with:
Megan Osborn
Foundation Real Estate Agency LLC
Source: CPAR,MLS#: 775714
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: First
- Dimensions: 11.2 x 13.9
Bedroom
- Level: First
- Dimensions: 10.7 x 12
Kitchen
- Level: First
- Dimensions: 11 x 8
Living room
- Level: First
- Dimensions: 11.5 x 13.1
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Washer/Dryer Stacked, Dishwasher, Freezer, Disposal, Microwave, Refrigerator
- Laundry: Stacked
Features
- Flooring: Carpet, Luxury Vinyl Plank
- Windows: Double Pane Windows
Interior area
- Total structure area: 844
- Total interior livable area: 844 sqft
Property
Parking
- Parking features: Electric Gate, Paved, Parking Lot
Features
- Patio & porch: Balcony, Covered, Patio
- Exterior features: Balcony, Boat Slip, Dock
- Fencing: Partial
- Has view: Yes
- View description: Bayou
- Has water view: Yes
- Water view: Bayou
- Waterfront features: Bay Access, Bayou, Seawall, Waterfront
Lot
- Features: Waterfront
Details
- Parcel number: 22331954000
- Zoning description: Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Materials
- Stucco
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Community & neighborhood
Security
- Security features: Gated Community, Security System
Community
- Community features: Dock, Fishing, Park, Waterfront, Gated
Location
- Region: Panama City
- Subdivision: Bayou Pointe Villas
HOA & financial
HOA
- Has HOA: Yes
- Amenities included: Dock, Gated, Picnic Area, Boat Slip
- Services included: Association Management, Internet, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Trash, Water
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$223,000
2% more+$4,460
With Zillow Showcase(estimated)$227,460