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Lower Grand Lagoon 32408 Holiday Beach
7006 Beach Drive
$327,000
● House - Off Market

7006 Beach Drive

Panama City Beach, FL 32408
bedrooms
3 Beds
bathrooms
1 Bath
$2,451
Est. Monthly

About This Property

Home located on a rare double lot (over a quarter acre) and allows for Short Term Rentals. The canvas and backdrop for a spectacular residence is anchored by one of the most premium 100 ft x 115 ft lots on the east end of Panama City Beach. The existing residence is 1125 square feet, 3 bedrooms, 1 bathroom. Picture yourself on the balcony of your home peering into the Gulf of Mexico. The picture of the white home on this listing is a rendering of what you can build.  Or, establish your own homestead with the existing home and remodel and decorate it with your own custom finishes.
Unit Size
-
Days on Market
49 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1971

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 12 months ago (ECAR #986825)

Price History

Date / Event Date Event Price
Nov 21, 2025 Sold
Premium
Sold
Oct 24, 2025 In contract -
In contract
Oct 3, 2025 Listed by Keller Williams Realty SRB $499,000
Listed by Keller Williams Realty SRB

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 20
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 4
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,499
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,125
  • Gross Building Area: 1,125
  • Building Area: 1,125
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,125
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY BEACH
  • Land Acres: 0000000264
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: HOLIDAY BEACH UNIT #13 LOTS 8 & 9 BLK V ORB 1476 P 531

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002605

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30808-022-000
  • Block: V
  • Lot: 8,9
  • Meridian: SEC 08 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1577
  • Longitude: -85.772

    Address

  • Full Address: 7006 Beach Dr
  • Legal Unit: 13
  • Address - House Number: 7006
  • Address - Street Name: Beach
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C011
  • 4-Digit Zip Code: 5419
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 1,345
  • Tax Year: 2023
  • Tax Amount: $158,735
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2209
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 69
  • Final Value: 465,592
  • High Value: 568,485
  • Low Value: 362,699

    Market Valuation

  • Market Total Value: $392,271
  • Market Land Value: $310,400
  • Market Improvement Value: $81,871

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,799

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Holiday Beach

Stats & Trends

Median Asking:

$510,000

Sale Price/ft²

$391

Below Asking

0.02%

Average Days on Market

146

Average Home Size

1387 ft²

Average Home Age

34.7 years

Currently For Sale

54 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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ECAR

Listed by: Mike Herring, Keller Williams Realty SRB
Last Updated: 12 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 986825
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 7006 Beach Drive built and last sold?
The property at 7006 Beach Drive was built in 1971 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7006 Beach Drive is $0.
What are some comparable homes to 7006 Beach Drive?
There are currently no comparable homes to 7006 Beach Drive.
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