129 Malaga Place, Panama City Beach

$799,000

6 Beds
4 Baths
1,770 Sqft
0 Acre
0 Garage

Take a look at this rare multi-use opportunity just steps from the sugar-white sands of Panama City Beach. Located less than a block from dedicated beach access, this renovated fully furnished coastal duplex offers the flexibility to be used as a private beach retreat, an income-producing investment, or the perfect blend of both. Featuring 6 bedrooms, 4 bathrooms, and two beautifully updated kitchens, this spacious property comfortably accommodates up to 16 guests with room for everyone to relax after a day at the beach. Whether you're hosting family vacations, generating short-term rental income, or living in one side while renting the other, the possibilities here are endless. Relax and enjoy gulf glimpses, salt breezes, and a fantastic walkable location near shopping, restaurants, and entertainment all while being tucked away in a charming beachside setting. Offered fully furnished and turn-key, this property is ready to start making memories and income from day one. Properties with this combination of location, flexibility, and income potential rarely come available. Make your appointment today!

Essential Information
MLS® #1004644
Price$799,000
Sold Price$755,000
Date Sold$2026-07-10
Bedrooms6
Bathrooms4.00
Full Baths4
Square Footage1,770
Year Built1950
TypeResidential
Sub-TypeTownhouse
StyleDuplex
StatusSold
Community Information
Address129 Malaga Place
Area27 - Bay County
SubdivisionLAGUNA BEACH ESTATES 4TH ADDN
CityPanama City Beach
CountyBay
StateFL
Zip Code32413
Amenities
ViewGulf
Utilities

Electric, Public Water, Septic Tank

Interior
Interior FeaturesKitchen Island, Wallpaper
HeatingCentral
CoolingCentral Air
# of Stories1
Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater

Exterior
Exterior FeaturesPrivate Yard
Lot DescriptionWithin 1/2 Mile to Water
Construction

Foundation Off Grade, Frame, Wood Siding

School Information
ElementaryWest Bay
MiddleSurfside
HighArnold
Additional Information
Days on Website133
ZoningResid Multi-Family
Listing Details
OfficeLevin Rinke Realty
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 15th, 2026 at 9:23pm CDT.