INVESTORS! Short-term rental allowed! Oversized 133'x108' parcel zoned for multi-family with potential for an amazing income producing property! Live/rent the main home and build an additional duplex or single-family home (design available). The existing 4 BR, 2 BA home includes an additional ADU (accessory dwelling unit) ideal for a mother-in-law suite, rental income or bonus space. The lock out unit has a separate entrance and offers a kitchenette and is plumbed/wired for adding a bathroom. It can be used as a bonus lock out room or finished out to have a second income producing unit. This is a great property for those looking to spread out with plenty of room for parking boat/RV, while also having a handy workshop at home. The main home is spacious and well-maintained with updated vinyl plank flooring, ceramic tile. While located in Bahama Beach is zoned as Panama City Beach Estates where Short Term/multi family is approved. Upgrades include: New Roof in 2019, Whole House re Plumbed in 2017, HVAC in 2019, Connected to Sewer in 2018. Established long-term renters in place.This is a must-see property in the heart of Panama City Beach within a 10-minute walk or short golf cart ride to beach access 47! *All information and measurements are approximate, buyer to verify.