Situated in the Gulf Vista community on the west end of Panama City Beach, this fully occupied duplex offers immediate rental income along with unique future potential. Set on approximately a quarter-acre lot, with over half of the property still available for expansion, additional units, or enhanced outdoor living, this is an opportunity that goes beyond a typical duplex investment. One standout feature of this location is its proximity to the secluded beach access at the south end of Lakeview Drive--an undeveloped stretch of coastline with no homes built directly on the beach, offering a more natural, quiet, and uncrowded experience that's increasingly hard to find. Each unit offers a functional two-bed, one-bath layout, with updates completed in 2021, new windows in 2018. New hot water heater installed in 21106 in 2025. In 2026, Unit 21104 was further improved with new carpet, fresh interior paint, an updated bathroom, and updated kitchen flooring, along with washer, dishwasher, range, and hood, featuring white appliances. Unit 21104 includes stainless steel appliances, washer and dryer, interior paint, a remodeled bathroom, water heater, carpet, and a rocked backyard with an 8'x10' storage shed. Positioned on the west end of Panama City Beach, this property enjoys convenient access to the dining, shopping, and charm of Scenic Highway 30A, while still being just a short drive to Pier Park to the east--offering the best of both lifestyles. With vacation rentals restricted per deed, this property is well-suited for stable, long-term rental income while still benefiting from a highly desirable coastal location.