Address
240 Oleander Drive, Panama City Beach, FL
Price
$ 1,775,000
Property Attributes
- MLS#791597
- TypeSingle Family
- Listing Status Pending
- CountyBay
- CityPanama City Beach
- Area03 - Bay County - Beach
- NeighborhoodLaguna Beach Estates 7th Add
- Zip32413
- Style
- Year Built2026
- Price$ 1,775,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage4173
- Lot Size0.12 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Luxury new construction in Laguna Beach Estates on the highly desirable West End of Panama City Beach! Located near the 30A corridor and just minutes from the beautiful beaches, dining, shopping, and entertainment PCB has to offer, 240 Oleander Drive is a standout opportunity for investors, second-home buyers, and luxury coastal buyers. Built in 2026, this 5-bedroom, 4 full bath and 1 half bath home offers approximately 4,173 sq ft H&C and is designed with short-term rental performance in mind. No HOA.Short-term rentals allowed. The spacious layout, private pool, outdoor kitchen, wet bars, and luxury finishes create an ideal setup for vacation rental guests and large groups. Interior features include marble flooring throughout, crown molding, recessed lighting, walk-in laundry room, remote-controlled ceiling fans, double-pane low-E windows, energy-efficient insulation, central HVAC on each floor, two 50-gallon water heaters, and a mini-split system in the garage. The kitchen features Cristalo quartz countertops, a Black Lava quartz island, undermount sink, and upgraded full-overlay white oak cabinetry with soft-close concealed hinges, full-extension soft-close drawer glides, plywood box construction, natural birch interiors, and PPG stain finish. Wet bars with wine coolers are located on both the first and second floors. Outdoor features include a custom brushed copper iron door, fully paved driveway, landscaped backyard, inground saltwater pool, outdoor kitchen with Black Pearl granite, outdoor shower, sprinkler system with separate irrigation meter, keyless side entry, and low-risk Flood Zone X. One-year builder warranty included. Rental projections conservative $168,500- to optimized $240,000. Short-term rentals allowed / STR eligible, subject to buyer obtaining required City of PCB Vacation Rental Certificate, DBPR license, BTR, TDT registration, and fire/life safety approval
| Elementary School | Middle School | High School |
|---|---|---|
| West Bay Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 6/19/2026 | Listed $1,775,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Barbecue,Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Laguna Beach Estates 7th Add |
| Status | Pending |
| Directions | Taking Us 98 West, continue past Pier Park, Turn left onto Oleander Dr continue to 240 Oleander Dr about two blocks from beach. |
| High School | Arnold |
| City | Panama City Beach |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 4792 |
| Elementary School | West Bay |
| Land Lease Y/N | false |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0324 - Beach - West Central |
| Standard Status | Pending |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Vacant |
| Year Built | 2026 |
| Heating | ENERGY STAR Qualified Equipment,Fireplace(s) |
| Cooling | ENERGY STAR Qualified Equipment |
| Appliances | Bar Fridge,ENERGY STAR Qualified Appliances,Electric Water Heater |
| Patio/Porch Features | Balcony |
| Attached Garage | false |
| Garage Y/N | true |
| Total Rooms | 5 |
| Full Baths | 4 |
| Virtual Tour | https://my.matterport.com/show/?m=NVMBrbMQrEw&brand=0&mls=1& |
| Garage Spaces | 1 |
| Architectural Style | Contemporary |
| Stories Count | 3 |
| Levels | Three Or More |
| Pool Features | In Ground,Salt Water,Private |
| New Construction | true |
| Senior Community Y/N | false |
| Energy Efficient | Appliances |
Interior Features
| Total Baths | 5 |
|---|---|
| Interior Amenities | Balcony,Double Vanity,Main Level Primary,Separate Shower,Upper Level Primary,Walk-In Closet(s) |
| Furnished Units | None |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Total Bedrooms | 5 |
| LivingAreaSource | Plans |
| Half Baths | 1 |
| Total Stories | 3 |
| Fireplace Features | Electric |
Exterior Features
| Lot Features | Sprinkler System |
|---|---|
| Lot Size Area | 0.12 |
| Lot Dimensions | 50.0 ft x 102.0 ft |
| Lot Size Acres | 0.12 |
| Road Frontage Type | City Street |
| Parking Features | Garage,Garage Door Opener,Paved |
| Building Area Total | 4173 |
| Waterfront Y/N | false |
| Exterior Amenities | Barbecue,Outdoor Kitchen |
| Road Responsibility | Public Maintained Road |
| Fencing | Fenced |
| Private Pool | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32413
Price
Year Built
In The Neighborhood
Panama City Beach
$ 455,000
217 Magnolia Drive
Panama City Beach, FL 32413
- Type
- Single Family
- Size
- 1,335 SqFt
- Rooms
- 2 Beds + 2 Baths
Panama City Beach
$ 1,236,600
228 Magnolia Drive
Panama City Beach, FL 32413
- Type
- Single Family
- Size
- 3,095 SqFt
- Rooms
- 4 Beds + 4 Baths
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
