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$605,000

PRICED TO SELL! Own a true piece of American history just steps from the sugar-white sands in the highly sought-after Bid-A-Wee Beach community of Panama City Beach. Originally constructed during the Cold War era as barracks housing for military personnel, this remarkable property blends historic character with modern-day investment potential--offering a story as special as the location itself. Situated on a rare double lot with two separate addresses, this is widely considered one of the premier parcels in Bid-A-Wee. The expansive homesite offers exceptional flexibility, including the potential to build two stunning three-story homes, create a multi-generational beach compound, or maximize returns with future development. Short-term rentals are allowed, and there is no HOA, making this an increasingly rare and valuable opportunity. The existing duplex features 4 bedrooms and 4 fully renovated bathrooms, with more than $70,000 in recent improvements. Each side lives like its own private residence--perfect for renting both for maximum income, occupying one side while renting the other, or holding as an investment while planning future construction. With projected rental potential reaching up to $100,000 annually, the income possibilities are substantial. Owners and guests enjoy exclusive private access to five gated Bid-A-Wee Beach entrances, just a short walk away, offering a quieter, more private beach experience reserved only for property owners and their guests. Whether you envision building signature beach homes, creating a legacy property, or securing a high-performing investment with immediate income, this is a once-in-a-generation opportunity to own one of Bid-A-Wee's most iconic and versatile properties.

4 Beds ⋅ 4 Baths ⋅ 785519 MLS

13809 Bay Avenue, Panama City Beach

Listing courtesy of Keller Williams Success Realty. Selling Office: Counts Real Estate Group Inc.

14104 Millcole Avenue, Panama City Beach

$487,000

Welcome to 14104 Millcole Ave, a rare opportunity in the highly sought-after Bid-A-Wee Beach community--one of the few neighborhoods in Panama City Beach offering private, gated beach access exclusively for residents. This 2-bedroom, 2-bath home is located just one block from the beach, making it an easy walk or quick golf cart ride to the sugar-white sands and emerald waters. Whether you're looking for a primary residence, second home, or investment property, this location checks every box. Short-term rentals are allowed, offering strong income potential in a neighborhood that continues to see high demand thanks to its private beach access and unbeatable location. Priced under market value for a quick sale, this is an incredible chance to secure a property in Bid-A-Wee Beach at a price point that leaves room for upside. Professional photos coming Tuesday--don't wait. Opportunities this close to the beach in a private access community do not last.

2 Beds ⋅ 3 Baths ⋅ 789124 MLS

14104 Millcole Avenue, Panama City Beach

Listing courtesy of EXP Realty LLC. Selling Office: EXP Realty LLC.

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How much is your home worth?