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$360,000
2 Beds 3 Baths 756623 MLS
These pictures are a worth 1000 words! One of a Kind - Deep Waterfront Townhome - An overused term but not in this case. Here is your chance to purchase an approx. 1700 sq ft 3 bedroom/ 2.5 bath townhome with a spectacular waterfront view with deep water boat dock for a bargain price. You must see the pictures to appreciate. Located in Callaway in a separate community of 5 buildings with 2 units per building. Overflow parking available. HOA dues are only $50.00 per month. New Metal Roof, A/C and generator 5 years. Very little storm damage but items were replaced anyway. Secure area close to Tyndall and very affordable. Boat dock is shared by only the unit next door. NEXT DOOR UNIT is also available to purchase separately but is occupied for another month. Great back porch, 2 car garage, secure subdivision. Same owner since built in 1985. This will not last long. Being sold as-is. Some cosmetic items may want to be replaced and the boat dock will need some maintenace to get the most out of it but at this price you cannot beat the waterfront views. Deep Water Boat channel is right off the end of the dock. Easy to show today!

7120 Singleton Circle Unit B, Panama City

$330,000
4 Beds 4 Baths 756377 MLS
Welcome to 359 Mercedes Ave!! Seller is offering a $7,000 concession at closing. This stunning Next Gen home features 4 bedrooms and 4 bathrooms across 2,146 square feet of beautifully designed living space. The main area boasts 3 bedrooms and 3 bathrooms with breathtaking water views of Watson Bayou, creating a serene coastal atmosphere. Adjacent to the main residence is an attached apartment or Mother-in-Law suite, complete with 1 bedroom, 1 bathroom, a kitchen, laundry facilities, a closet, and its own private entrance, parking, and yard space—perfect for extended family or rental income. Nestled in a highly desirable area, you'll enjoy being just 2 minutes from Ascension Sacred Heart Hospital, a quick 5-minute drive to Downtown Panama City, and less than 10 minutes to the shopping districts. Plus, the beautiful beaches of Panama City Beach are only 20 minutes away, offering endless opportunities for sun and fun. Additionally, Tyndall Air Force Base is just a short drive away, making this an ideal location for military families. Don't miss out on this exceptional home in a prime location with endless potential. Schedule your viewing today and make 359 Mercedes Ave your new address!

359 Mercedes Avenue Unit A & B, Panama City

$1,380,600
15 Beds 13 Baths 756905 MLS
Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for investors. All units are currently under annual leases.

2228 E 17th Street, Panama City

$415,000
6 Beds 4 Baths 770411 MLS
This brand-new duplex under construction in the heart of St. Andrews offers an incredible opportunity for investors or homeowners looking to generate rental income. Each unit features 3 bedrooms and 2 bathrooms, designed with raised ceilings and LVP flooring throughout for a modern and durable finish. The charming board and batten siding adds to the home's curb appeal, while the spacious layout ensures comfortable living. With ample parking for each unit, this property is ideal for tenants or owner-occupants with multiple vehicles. Located in the desirable St. Andrews neighborhood, you're just minutes from local shops, restaurants, and the waterfront. This new construction duplex is 45-60 days from completion and will qualify for all types of financing, including VA, FHA, and conventional loans, making it an excellent choice for a wide range of buyers. Please note: The pictures used are from a previously built duplex and are provided to showcase the expected layout and finishes of this home. Whether you're looking for a strong rental investment or a place to call home while earning passive income, this duplex has it all! Don't miss out—schedule your showing today

1615 Wilmont Avenue, Panama City

$475,000
6 Beds 4 Baths 769731 MLS
This is a scarce opportunity. Two duplexes, Buildings C and D, two-bedroom, one-bath, and Buildings A and B, one-bedroom, one-bath, are for sale together. There are four water and four electric meters; all utilities are separate. These two buildings have fully remodeled plumbing, electricity, roofs, water heaters, and floors, with effective dates 2012 and 2020. ACs and water heaters are 4 to 5 years old. All units come with washer and dryer connections.This quadplex collects 4,045.00 dollars, almost $50,000 a year. All leases is due to increase when it's time to renew.Great opportunity for owner-occupier. FHA!! - gross income at the current rate is $48,500.00 - Insurance is $4000 - Taxes are $5,673.36 - Vacancy and Maintenance at 5% is $2425 - Net Operating income is $36,401.64 - CAP Rate is 7.2%

1902 Louise Avenue Unit A,B,C&D, Panama City

$1,155,000
6 Beds 5 Baths 769180 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. This private oasis is as versatile and unique as it is beautiful and well-designed! Every detail has been thoughtfully curated with extra amenities and features you won't find in most homes in Bay County, making this home an excellent choice for year-round living, an investment opportunity, or BOTH! Picture the possibilities of this exclusive retreat: Two, top-over-bottom 3 BR/2 Bath units, that can be opened up to create one space, a completely private backyard oasis with inground pool, outdoor kitchen and pickleball court, AND a pool house that creates another private living and sleeping space with a full bath and an outdoor half bath. All of this comes fully furnished indoors and out. This beautiful retreat sits at the end of the street, creating a private environment with plentiful parking, including an RV spot with hook-ups. Here are just a few of the extra outdoor upgrades & details: Heated & cooled swimming pool with seating ledge, multiple outdoor seating areas with 2 fire pits, regulation size professional pickle-ball court, covered full outdoor kitchen with hibachi grilling center, outdoor 65'' Smart TV & Sonos Sound System, separate RV pad with full hookups (Additional Rent Potential), full 8' privacy fence and so much more. This homes yearly insurance policy (including rental) is just over $5,000 and there's no HOA! You have the ability to dream big with this property with no restrictions! Perfect for large groups or families for reunions, team building, retreats, sober living, and more. With rental projections above $200k, this is the opportunity you've been looking for! It's already set up as a STR and has proven numbers for the end of 2024, and is ready to show its true potential!

2832 Susan Avenue, Panama City

$375,000
6 Beds 4 Baths 761981 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Discover an exceptional investment opportunity with this brand-new duplex, ideally located at 2332 E 19th Place in Panama City, FL. Each side of this modern duplex offers 3 bedrooms, 2 bathrooms, and is designed with 9-foot ceilings that enhance the spacious feel of the interiors. Enjoy the durability and style of LVP flooring throughout, complemented by sleek granite countertops that add a touch of luxury to the kitchens. This property is perfect for long-term rental investments or for those looking to live in one unit and rent out the other. With a completion date set for November 30th or earlier, this property will soon be move-in ready. Don't miss your chance to invest in or move into this beautiful, income-generating property. ''Photographs are from another duplex that will be the exact same level of finishes'' Measurements are approximate buyer must verify if important.

2332 E 19 Place, Panama City

$252,000
5 Beds 4 Baths 759463 MLS
Under Contract - Taking Backups the phrase 'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Sitting on a little over a 1/2 acre, this solid block constructed home boasts 5 bedrooms and 2 full baths and 2 half baths. Unit B has 3 bedrooms and 1 full and 1 half bath. The attached Unit A has its own full-size kitchen and living room, 2 bedrooms, 1 full and 1 half baths. Both living spaces have washer and dryer hook-up in place. Notable features of this property include concrete block construction, a well system, a detached 12x20 shed needing repair, an underground fallout shelter and plenty of storage. The fenced yard provides plenty of room for boat or camper storage. The home needs repairs and TLC. Unit B has central heat and air. Unit A is ducted for central HVAC, but currently has 2 working window a/c units, but no heat source. The Seller is willing to consider investing in an HVAC unit, with a solid offer. The Seller has a transferable termite bond and survey. This could be a great rental investment property or ideal for someone needing separate living spaces for parents. All measurements are approximate, please verify if important.

524 Powell Avenue, Panama City

$625,000
766432 MLS
Investment Opportunity in Historic Millville! Located in the heart of Historic Millville, this income-producing property includes two triplexes, offering a total of six units. The units consist of four 2-bedroom residences and two 1-bedroom residences, generating $75,600 in gross annual income with full occupancy. Each unit features adjacent parking and a small front open patio area for added convenience. The property has been well-maintained, with a new roof installed in December 2018 and fresh exterior paint applied in recent years. Its location is just a short walk to St. Andrews Bay and the Millville Waterfront Park, providing tenants with easy access to scenic views and outdoor activities. Millville's rich history as a hub for lumber and shipbuilding in the late 1800s adds a charming backdrop to this investment. Rent rolls are available upon request. Schedule a showing today with your preferred real estate professional to explore this unique opportunity in a historic and charming location!

215 Maine Avenue, Panama City

$1,250,000
20 Beds 10 Baths 759896 MLS
Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023—a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002

1000 Transmitter Road, Panama City

$1,250,000
759895 MLS
Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023—a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002

1000 Transmitter Road, Panama City

$450,000
5 Beds 4 Baths 775132 MLS
Income-Producing Duplex with Pool - Fully Renovated & Short-Term Rental Ready! Airbnb Gross Earnings $70,118.20 in 2024 and Airbnb Gross Earnings in 2025 is already at $64,247.38 (through end of July)! Welcome to your next investment! This beautifully renovated property features two fully equipped units, each with private laundry and modern upgrades throughout. Unit A offers 3 bedrooms, 2 bathrooms, and a private in-ground pool--a guest favorite. Unit B features 2 bedrooms and 2 bathrooms, plus a massive fenced backyard with endless potential--add a putting green, playground, firepit, or outdoor lounge space to increase rental appeal and income.Both units boast stylish white cabinetry, granite countertops, and durable tile plank flooring, creating a clean and cohesive look. Detached laundry rooms for each unit are conveniently located in the backyard. Whether you're looking to house hack, short-term rent, or add to your portfolio, this property delivers strong income potential in a desirable location!

2816 N Panama Avenue Unit A&B, Panama City

$470,000
8 Beds 8 Baths 748902 MLS
100% OCCUPANCY! Looking for a property for a 1031 Exchange or just a great investment opportunity?! Here it is!! Conveniently located to Tyndall AFB, East Bay, dining, and shopping, this quad offers it's tenants a desirable place to call home. Relax knowing the roofs on each unit were replaced October 2023 and last year the windows were replaced and the exterior got a fresh coat of paint. 3 of the units have received new flooring and fresh paint. The 4th unit has a long term tenant that takes great care of the unit. Each unit comes equipped with fridge, dishwasher, stove, and hood. The floor plans are similar in each unit. The first level features an open living concept with entry foyer, kitchen, dining area, living room, half bath and exterior storage room with washer and dryer connections. The second level offers 2 bedrooms with spacious closets and a full bath off the hallway between the bedrooms. PLEASE DO NO DISTURB TENANTS

6913 Cherry Street Unit U,V,W,X, Panama City

$1,000,000
8 Beds 4 Baths 753256 MLS
Currently under contract - seller accepting back up offers. A truly unbelievable RARE opportunity to own a multi-family QUAD that is waterfront in the historic Cove neighborhood awaits. This quad-plex sits on the corner of Beach Drive and Cherry Streets and boasts the most incredible sunsets in Panama City, Florida! This multi-family home is comprised of four units, all of equal size, and has 2 bedrooms, 1 bath in each as well as their own stackable washer/dryer in each unit. Each unit is metered separately for water, sewer and electricity making it an easy income-producing investment. The property offers parking in the back of the home and is large enough to add a pool which would create an even more profitable investment! Imagine the guests and tenants that would rent a historic waterfront unit this close to the fast-growing Downtown District of Panama City! With the notoriety of the historical landmark of ''Bunkers Point Building'' by the Historical Society of Bay County, this is sure to be a draw for guests and tenants alike! The property offers little to maintenance, as well. The home had a new roof installed in November 2018 and each unit had new appliances, hot water heaters, HVAC and stackable washer/dryers in 2019. This property located in the heart of the Cove and adjacent to Downtown Panama City offers walkability to restaurants, shopping, farmers markets, festivals and more! Watch the fireworks for July 4, take waterfront strolls along Beach Drive and sit in your front yard enamored with the shimmering water views of St. Andrews Bay! This property is zoned MU-3 providing many possibilities for a buyer. Currently being used a long term rental, short term rentals ARE ALLOWED and gives a savvy investor the opportunity to increase rents and maximize the return on this waterfront gem! Other uses for MU-3 include but are certainly not limited to: bed and breakfasts, private school, professional offices, grocery and convenience retail store, food establishment and so much more! Please see the City of Panama City for full zoning information. Two of the units can be accessed from the ground level and two of the units can be accessed from the second level. Each unit is single level throughout. The units each have a bedroom and living room that face the beautiful waterfront. There is a kitchen, bedroom and bathroom overlooking the lush landscaping and hundred year old oak trees in the back yard. The dining room is conveniently located in the center of the unit and makes for a great open layout! This is an amazing opportunity for an investor looking to expand their multi-family portfolio, a professional looking to create an office in a neighborhood and have income producing units above, or an individual looking to live in one unit and rent the other three year-round. The possibilities are ENDLESS with this waterfront multi-family QUAD!

709 E Beach Drive, Panama City