Welcome to 4612 Brook Forest Drive a rare opportunity to own a partially updated, spacious 5 bedroom, 3 bathroom waterfront home in the heart of Panama City, offering direct access to the Gulf of America. Sitting on a 0.54 acre lot with over 100 feet of waterfront on beautiful Mill Bayou, this property is a true coastal gem perfect for boating enthusiasts, large families, or investors looking for a strong short term rental opportunity.Spanning 4,360 square feet across two levels, this home has been thoughtfully upgraded with major improvements including:New 40 year metal roofNew HVAC system (geothermal for energy efficiency)New water heaterNew kitchen appliancesNew luxury vinyl plank flooring throughoutFresh interior paint, modern fixtures, and updated LED lightingThe property was originally built with commercial grade construction standards:2 foot wide block walls6 inch thick interior walls2x12 joists for the second floorCommercial footings designed for lasting strength and stabilityThe flexible floor plan offers a large living area both upstairs and downstairs perfect for multi generational living, hosting guests, or creating a separate rental suite. Original blueprints are available for those who may want to customize or expand further.Enjoy two oversized covered porches perfect for taking in the serene waterfront views, watching the sunset, or entertaining family and friends.No HOA means no rental restrictions short term rentals (STR) are allowed, making this a lucrative investment option. Room for boat docks, jet skis, kayaks, and all your waterfront toys!Located just minutes from top rated schools, parks, shopping, and dining, yet tucked away on a peaceful street surrounded by majestic oak trees that provide natural beauty and privacy.Highlights:Waterfront property with Gulf accessShort term rentals allowed (no HOA)Room for boat docks and outdoor entertainment spacesUpgraded inside and out turnkey conditionStrong future appreciation potential in growing Panama City marketThis property is a rare find offering space, strength, updates, waterfront lifestyle, and income potential all in one.Schedule your private showing today paradise awaits at 4612 Brook Forest Drive!