Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3 Beds
2 Baths
1,023 sqft

$419,000

5616 Pinetree Avenue, Panama City Beach FL, 32408

Price per sqft$409.58
Built in1956
Property size1,023 sqft
Property typeResidential

Overview

Active

Listed Jul 11, 2026

Updated Jul 28

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. This prime location puts you mere blocks from the community boat ramp and minutes from the area's best-loved dining spots like Schooners, Patches, and Finn's, offering guests the ultimate coastal lifestyle with world-class boating, fishing, and white sandy beaches just down the street. This property perfectly balances a relaxed coastal vibe with a proven track record of rental success. Schedule your showing today. A video tour is also available

$2,788/mo

Est. mortgage payment based on a $419,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1007459

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$4,777
Tax Frequency
Annually
MLS provider logo

Courtesy of Coldwell Banker Realty, 
Listing Contact: 850-738-4881 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rock-It Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 Emerald Coast Association of REALTORS. All rights reserved.

Data last updated 4:03 AM UTC, 7/28/2026

Powered by Luxury Presence