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129 Malaga Place
Panama City Beach, FL 32413

$799,000 - Status: Active

Beds: 6

Baths: 4 full

SQFT (H&C): 1,770

MLS# 1004644

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!

Property Features

MLS#: 1004644

Zip: 32413

Subdivision: Laguna Beach Estates 4th Addn

Development: 27 - Bay County

Property Type: Multi Unit - Townhouse

Cooling: Central Air

Fenced: Yes

Heating: Central

Home Style: Duplex

Stories: 1.0

Taxes: $6,351

Year Built: 1950

SQFT (H&C): 1,770

Feature Descriptions

Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect

Community Features: Short Term Rental - Allowed

Exterior: Fenced Back Yard

Exterior: Foundation Off Grade, Frame, Siding Wood

Fencing: Fenced Privacy

Financing Terms: Conventional, FHA, VA

Interior: Kitchen Island, Wallpaper

Lot Description: Within 1/2 Mile to Water

Parcel Number: 37909-000-000

Patio/Porch: Deck Covered, Deck Open, Patio Open

Property Condition: Construction Complete

Road Frontage: City Street

Road Surface: Paved

Rooms Total: 13

Sewer: Septic Tank

Special View Info: Gulf

Sub Type: Attached Single Unit

Utilities: Electric, Public Water

Room Sizes

Living Room: 15 X 22 Level - First

Kitchen: 15 X 14.8 Level - First

Primary Bathroom: 7 X 5.6 Level - First

Primary Bedroom: 9.6 X 14.6 Level - First

Owner.s Closet: 4.6 X 3.1 Level - First

Bedroom: 10.6 X 15 Level - First

Bedroom: 11.6 X 10.6 Level - First

Living Room: 20 X 20 Level - First

Kitchen: 20 X 8 Level - First

Primary Bathroom: 5.6 X 7 Level - First

Primary Bedroom: 9 X 14.6 Level - First

Bedroom: 10 X 11.6 Level - First

Bedroom: 8.6 X 11.6 Level - First

Local Schools

High School: Arnold

Middle School: Surfside

Elementary School: West Bay

129 Malaga Place | MLS# 1004644

This multi-family property located at 129 Malaga Place, Panama City Beach, FL 32413 is currently listed for sale with an asking price of $799,000. Search Panama City Beach real estate on cshelton.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Levin Rinke Realty

Shown By

Agent Name: Chris Shelton
Agent Phone: (850) 896-2000
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 06/04/2026. The listing information on this page last changed on 06/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 06/04/2026 1:24:24 AM EST) or Emerald Coast MLS (last updated Thu 06/04/2026 12:05:28 AM EST) or Central Panhandle Association of Realtors (last updated Thu 06/04/2026 1:17:22 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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129 Malaga PlacePanama City Beach, FL 32413