240 Oleander Drive, Panama City Beach, FL 32413
- $1,775,000
- 5
- BD
- 5
- BA
- List Price
- $1,775,000
- Status
- ACTIVE
- MLS#
- 791597
- Subtype
- Residential
- Style
- Contemporary
- New Construction
- Yes
- Year Built
- 2026
- Bedrooms
- 5
- Bathrooms
- 5
- Full Baths
- 4
- Half Baths
- 1
- Lot Size
- 4,792
- Acres
- 0.12
- Subdivision
- Laguna Beach Estates 7th Add
- Neighborhood
- Beach - West Central
- MLS Area Major
- Bay County - Beach
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
Additional Information
- Interior Features
- Balcony, Double Vanity, Main Level Primary, Separate Shower, Upper Level Primary, Walk-In Closet(s)
- Exterior Features
- Barbecue, Outdoor Kitchen
- Community Features
- Laguna Beach
- Property Description
- Contemporary
- Appliances
- Bar Fridge, ENERGY STAR Qualified Appliances, Electric Water Heater
- Heating
- ENERGY STAR Qualified Equipment, Fireplace(s)
- Air Conditioning
- ENERGY STAR Qualified Equipment
- Stories
- 3
- Levels
- Three Or More
- Pool
- Yes
- Parking
- Garage, Garage Door Opener, Paved
- Garage Spaces
- 1
- Elementary School
- West Bay
- Middle School
- Surfside
- High School
- Arnold
Listing courtesy of Coldwell Banker Realty.