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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $96
Subdivision [No Recorded Subdiv]
MLS Listing ID 783335
Style Cabin
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1925
Annual Tax Amount $3,627
Tax Year 2025
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Single Family Residence
Property Description
Priced to sell and packed with potential, this unique property features three separate dwellings on approximately .30 acres, offering endless possibilities for savvy investors or multi-generational living. With a combined 8 bedrooms and 4 total bathrooms, this is a rare chance to create strong rental income or a private family compound where everyone enjoys their own space.
Located just one block from MLK Jr. Blvd, a major thoroughfare, and a block from a brand-new park, the property also sits minutes from Ascension Bay Hospital, one of the area's most renowned medical facilities—making it highly desirable for tenants. Centrally located to shopping, dining, and everyday conveniences, and just 15 minutes from Panama City Beach, this location checks every box.
While the homes do need work, they offer an excellent opportunity for renovation, conversion, or a full flip with significant upside. Whether you're looking to maximize cash flow, redevelop, or customize to your vision, this property delivers flexibility and long-term value.
Highlights:
3 dwellings on approx. .30 acres
8 bedrooms / 4 bathrooms total
Ideal for rental income, flipping, or family compound
Near Ascension Bay Hospital
One block from new park & MLK Jr. Blvd
Central Panama City location
15 minutes to Panama City Beach
Opportunities like this don't come around often—bring your vision and unlock the potential of this income-producing property!
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 02 - Bay County - Central
Interior
Heating Other, Radiant Floor, See Remarks
Cooling Central Air, Window Unit(s)
Fireplace No
Exterior
Community Features Short Term Rental Allowed
Porch Covered, Porch
Private Pool No
Building
Sewer Public Sewer
Architectural Style Cabin
New Construction No
Schools
Elementary Schools Cedar Grove
Middle Schools Mowat
High Schools Bay
Others
Tax ID 17368-000-000
Special Listing Condition Listed As-Is
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