11921 Caruso Dr Panama City, FL 32404
Estimated payment $1,903/month
Highlights
- No HOA
- Accessible Bedroom
- Accessible Doors
- Accessible Approach with Ramp
- Accessible Closets
- Central Heating and Cooling System
About This Home
Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation. The building is currently vacant and in need of substantial updates--ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,585
Year Built
- Built in 1981
Lot Details
- 0.98 Acre Lot
- Lot Dimensions are 150x150x285
Interior Spaces
- 6,788 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 5 Full Bathrooms
Accessible Home Design
- Accessible Bedroom
- Accessible Common Area
- Central Living Area
- Accessible Closets
- Accessible Doors
- Accessible Approach with Ramp
Schools
- Callaway Elementary School
- Rutherford Middle School
- Rutherford High School
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $990 | $112,192 | $67,800 | $44,392 |
| 2023 | $990 | $63,056 | $5,932 | $57,124 |
| 2022 | $924 | $62,711 | $4,237 | $58,474 |
| 2021 | $3,282 | $78,661 | $4,237 | $74,424 |
| 2020 | $3,291 | $78,661 | $4,237 | $74,424 |
| 2019 | $3,572 | $102,166 | $4,237 | $97,929 |
| 2018 | $4,313 | $161,617 | $0 | $0 |
| 2017 | $4,640 | $185,122 | $0 | $0 |
| 2016 | $4,705 | $185,122 | $0 | $0 |
| 2015 | $4,748 | $182,325 | $0 | $0 |
| 2014 | $4,745 | $182,325 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | For Sale | $325,000 | +140.7% | $48 / Sq Ft |
| 11/06/2023 11/06/23 | Sold | $135,000 | -20.5% | $20 / Sq Ft |
| 08/26/2023 08/26/23 | For Sale | $169,900 | -- | $25 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $135,000 | Mti Title | |
| Warranty Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $150,000 | None Listed On Document | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $33,100 | None Available | |
| Special Warranty Deed | $439,000 | Sunbelt Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $125,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $250,000 | Commercial |
Source: Central Panhandle Association of REALTORS®
MLS Number: 773347
APN: 07399-446-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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