131 Grande Island Boulevard, Panama City Beach

$399,000

2 Beds
3 Baths
1,436 Sqft
0 Acre
0 Garage

5-minute walk to the beach! Welcome to Gulf Highlands Beach Resort, where this 2-story, 2-bedroom, 2.5-bath townhome is being SOLD FULLY FURNISHED and is ready for immediate enjoyment or to become your next investment property! With rental projections of approximately $38,000 annually, plus a 2022 roof and 2022 HVAC, this property is ready to go. Inside, you'll find a bright, neutral interior with an open layout. The kitchen features tile flooring, stainless steel appliances, abundant cabinetry, and a large breakfast bar with ample seating, while the adjacent dining area accommodates more seating. The spacious living room opens through sliding glass doors and is one of the few units with a covered patio overlooking one of the community pools. There's also a shared green space, creating a relaxing outdoor setting. Additional conveniences include two owner's closets for secure storage and two assigned parking spaces. Both bedrooms and the laundry room are located upstairs. The spacious primary suite features a vaulted ceiling, private balcony with pool views, and an ensuite bathroom with a tub/shower combination. The second bedroom also includes its own ensuite bathroom with a walk-in shower, offering privacy for guests. Gulf Highlands Beach Resort is packed with amenities, including private beach access, 11 swimming pools with one being Gulf front, newly added pickleball courts, basketball courts, shuffleboard courts, mini golf, and a fitness center. Centrally located in Panam a City Beach, you're just minutes from shopping, dining, and local attractions. Whether you're looking for a beach getaway, full-time residence, or short-term rental investment, this townhome offers an excellent location, strong income potential, and outstanding resort-style amenities!

Essential Information
MLS® #1009401
Price$399,000
Bedrooms2
Bathrooms3.00
Full Baths2
Half Baths1
Square Footage1,436
Year Built1989
TypeResidential
Sub-TypeTownhouse
StyleTownhome
StatusActive
Community Information
Address131 Grande Island Boulevard
Area27 - Bay County
CityPanama City Beach
CountyBay
StateFL
Zip Code32407
Subdivision

GULF HIGHLAND BEACH RESORT UNREC

Utilities

Electric, Public Sewer, Public Water

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
# of Stories2
Interior Features

Breakfast Bar, Owner's Closet, Washer/Dryer Hookup

Appliances

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

Exterior
Exterior FeaturesBalcony
WindowsSkylight(s), Window Treatments
RoofConcrete
ConstructionFrame, Stucco
FoundationSlab
Lot Description

Interior Lot, Survey Available, Within 1/2 Mile to Water

School Information
ElementaryHutchinson Beach
MiddleSurfside
HighArnold
Additional Information
ZoningResid Multi-Family
Office

Keller Williams Realty Gulf Coast

Property History
Price Reduced from $415,000 to $399,000
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on October 14th, 2026 at 1:52pm CDT.