$397,000
Panama City, FL 32404
MLS# 999484
3 beds | 2 baths | 1875 sqft
1 / 41
Property Description
2.88-acre multi-residence property located in the heart of Panama City. Zoned for up to 8.99 townhomes or 4 duplexes per acre. Offering exceptional space, privacy, and versatility, this sprawling estate is ideal for multi-generational living, investment income, or a private retreat with room to grow. The main residence is a fully renovated cinderblock home featuring three bedrooms and 1.5 baths, plus a dedicated mother-in-law suite. The home has been thoughtfully updated from top to bottom with modern finishes, including: - New flooring and fresh paint throughout - A durable metal roof - An updated kitchen with new appliances - Completely remodeled bathrooms featuring new vanities, toilets, and a brand-new soaker tub.
Details
Maps
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 211.73
List Date: 2026-01-31
Current Price: $397,000
List Price: $397,000
Location, Tax and Legal
Sub Area: 2702 - Bay - Central SE
Elementary School: Parker
Middle School: Rutherford ( Middle )
High School: Rutherford
Legal Description: 12 4S 14W ST A B DEV CO PLAT BEG 208.4' E OF NW COR LOT 46 TH E 430' S 320' W 422.6' N 309.77' TO POB -99.2-118D1 ORB 4828 P 1876
General Property Info
Sub-Type: Detached Single Family
Design: Ranch
SqFt Source: County PA Records
Garage: Yes
Carport: Yes
Pool: No
Pool Type: None
Apx SqFt(Htd/Cooled): 1875
Bedrooms: 3
Full Baths: 1
Half Baths: 1
Total Bathrooms: 2
# Stories: 1
Year Built: 1960
Acreage: 2.89
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 3032.81
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 2.88-acre multi-residence property located in the heart of Panama City. Zoned for up to 8.99 townhomes or 4 duplexes per acre. Offering exceptional space, privacy, and versatility, this sprawling estate is ideal for multi-generational living, investment income, or a private retreat with room to grow. The main residence is a fully renovated cinderblock home featuring three bedrooms and 1.5 baths, plus a dedicated mother-in-law suite. The home has been thoughtfully updated from top to bottom with modern finishes, including: - New flooring and fresh paint throughout - A durable metal roof - An updated kitchen with new appliances - Completely remodeled bathrooms featuring new vanities, toilets, and a brand-new soaker tub.
Construction Status
Construction Complete: 1
Parking Features
Carport Attached: 1
Lot/Parcel Access
City Road: 1
Paved Road: 1
Lot Features
Corner: 1
Construction/Siding
Block: 1
Roof Metal: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Zoning
Resid Single Family: 1
Exterior
Patio Covered: 1
Interior
Breakfast Bar: 1
Floor Vinyl: 1
Lighting Recessed: 1
Financing
Conventional: 1
Appliances
Dishwasher: 1
Dryer: 1
Refrigerator: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Central Elect: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Bedroom
First: 1
Kitchen
First: 1
Living Room
First: 1
Full Bathroom
First: 1
Rooms
Bedroom: 1
Full Bathroom: 1
Kitchen: 1
Living Room: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 5203
Street Direction: E
Street Name: 4Th
Street Suffix: Street
State: FL
Zip Code: 32404
County: Bay
Project Name/Subdivision: Callaway
Parcel ID: 24417-000-000
Property Features
Construction Status: Construction Complete
Lot Features: Corner
Zoning: Resid Single Family
Parking Features: Carport Attached
Exterior: Patio Covered
Interior: Breakfast Bar; Floor Vinyl; Lighting Recessed
Appliances: Dishwasher; Dryer; Refrigerator; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water; TV Cable
Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect
Bedroom: First
Kitchen: First
Living Room: First
Full Bathroom: First
Rooms: Bedroom; Full Bathroom; Kitchen; Living Room
Financing: Conventional
Supplements
Bright, open, and built to last, this home is truly move-in ready! Adding potential value is a separate 2-bedroom, 1-bath mobile home. With some TLC this would be ideal for extended family, guests, or rental income. The property continues to impress outdoors with a detached 2-car garage for vehicles, storage, or a workshop, Large pole barn, perfect for boats, RVs, equipment, or hobbies and a serene pond nestled at the center of the property, surrounded by mature trees, creating a peaceful natural retreat. The Property features expansive open land with established driveways and multiple access points. Enjoy the privacy and space of country living while remaining just minutes from shopping, dining, schools, and all that Panama City has to offer. Properties with multiple dwellings, acreage, and this level of convenience are hard to find. Whether you're looking for a family compound, income-producing property, or a one-of-a-kind homestead, this property checks every box! Schedule your private showing today.
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Bedroom | First | 12 x 14 | 12.00 | 14.00 | 12 x 14 |
| Bedroom | First | 11 x 12 | 11.00 | 12.00 | 11 x 12 |
| Full Bathroom | First | 8 x 10 | 8.00 | 10.00 | 8 x 10 |
| Living Room | First | 22 x 14 | 22.00 | 14.00 | 22 x 14 |
| Kitchen | First | 10 x 10 | 10.00 | 10.00 | 10 x 10 |
Listing Office: Paradise Properties
Last Updated: April - 01 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.