Rare opportunity in Bid-A-Wee, one of Panama City Beach's most sought-after neighborhoods and one of the only beach communities on PCB's 26 miles of sugar-white sand, with private gated deeded beach access. THIS MULTI-FAMILY PROPERTY ALLOWS SHORT TERM RENTALS! The parcel features two separate units, offering exceptional flexibility for homeowners and investors. Live in one side and rent the other, or maximize income by renting both! The 13801 Bay Ave side is approximately 1,200 square feet, three bedrooms, two full baths with interior updates, along with a sunroom/breezeway. Two single-car garages connect the properties with each having a private fenced back lawn, grilling area and more! The second residence, 500 Albatross Street, is approximately 1,100 square feet with 3 bedrooms and 2 full baths, covered front porch, and its own garage connection, providing privacy and functionality for guests or tenants. Parking is not a problem with this property! Be at the Gulf within a three-minute walk or 30-seconds in a golf cart, and owners may opt into the Bid-A-Wee Beach Park amenity for a nominal annual fee, granting access to the gated beach entrances. Centrally located near Pier Park, dining, shopping, entertainment, and nightlife, this property delivers the perfect balance of beach lifestyle, neighborhood charm, and income potential. Dimensions approx.