$1,500,000

119 Southfields Road 119 & 121, Panama City Beach, FL 32413

7 beds |
7 baths |
3,864 sqft

Single-Family Home
Built in 2004
3,920sqft lot
—— car garage
$388/sqft
Listed 2 days ago

Property Description

Exceptional investment opportunity on the west end of Panama City Beach, located just one block from Beach Access 93. This unique offering includes two separate three-story homes positioned in an estate-style layout, centered around a private pool and shared outdoor entertaining space. The property is being sold as one parcel and includes a 1,818 sq ft home and a 2,046 sq ft home, totaling 3,864 sq ft under roof. Both homes are fully furnished and turnkey, with strong short-term rental history and consistent occupancy. Combined, the property comfortably accommodates over 22 guests, making it ideal for large groups and maximizing rental income potential. Actual rental figures available upon request. Each home features updated bathrooms, modern fixtures, and multiple living areas designed for guest comfort. The second and third floors offer Gulf views with no obstructed sightlines, a rare feature for this proximity to the beach. No HOA and short-term rentals are allowed, providing flexibility for both investors and personal use. The outdoor space is designed for entertaining, with ample room for grilling, gathering, and enjoying the private pool that separates the two residences. Positioned on the desirable west end of PCB, this property offers easy access to the beach, dining, and local attractions while maintaining a more private, residential feel.

Listing Status:: Active
Date Added:: March 30, 2026
Data Last Updated:: April 2, 2026 at 1:22AM
Listing Office:: Corcoran Reverie SRB : 850-231-5030
Listing Agent:: Paul D Gibney : 850-775-7766
MLS ID:: 999290

General: Split Bedroom
Appliances: RefrigeratorElectric Water Heater
Flooring: Tile
A/C: Central Air

General: Balcony
Style: Beach House
Pool: In Ground

Windows: Window Treatments
General: StuccoTrim VinylSiding CmntFbrHrdBrd3

Road/Access: Private Road
Originating MLS: Emerald Coast Association of REALTORS®
County: Bay

Zoning: Resid Multi-FamilyResid Single Family36071-061-000
View: Gulf
Fencing: Fenced Lot-All

Water: 0

Source: Emerald Coast Association of REALTORS®

This listing courtesy of Paul D Gibney , Corcoran Reverie SRB

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

West Bay Elementary School

14813 School Dr, Panama City Beach, FL, 32413

Grades KG-5

6.69 miles away

Surfside Middle School

300 Nautilus St, Panama City Beach, FL, 32413

Grades 6-8

7.58 miles away

J.R. Arnold High School

550 N Alf Coleman Rd, Panama City Beach, FL, 32407

Grades 9-12

9.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.