NOT LISTED FOR SALE

124 E 2nd Place Panama City, FL 32401

South Panama City Neighborhood

Estimated Value: $374,000 - $417,000

4 Beds
2 Baths
2,092 Sq Ft
$190/Sq Ft Est. Value

Sale Details

Date Sold: June 12, 2025

Last sale price $415,000 $198 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,656 / mo

110 Days on Market

Highlights

  • Bay View
  • No HOA
  • Enclosed Patio or Porch
  • Waterfront
  • Balcony
  • Ductless Heating Or Cooling System

About This Home

As of June 2025

Charming & Renovated Duplex in Historic Cove - Investment Opportunity! Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential. Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment—all within a 10 minute walk, or biking distance. In 2023, major updates were completed, including new drywall, insulation, electrical, and plumbing. Updates have enhanced both the interior and exterior, with fresh paint, upgraded flooring, updated kitchens and bathrooms, and carefully restored details that highlight the home's character. The property also features thoughtfully designed outdoor spaces, added parking, and stylish finishes throughout. Currently furnished as a vacation rental, this duplex is move-in ready and offers a turnkey investment opportunity. Whether you're looking to generate passive income, or own a piece of Panama City history, this versatile property is a rare find in a prime location. Reach out today to learn more!

Last Agent to Sell the Property

Kailey Collison

Realty One Group Emerald Coast Listed on: 03/11/2025

Last Buyer's Agent

Kailey Collison

Realty One Group Emerald Coast Listed on: 03/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,574

Year Built

  • Built in 1941

Lot Details

  • 7,144 Sq Ft Lot
  • Lot Dimensions are 50x143
  • Waterfront

Home Design

  • Duplex
  • HardiePlank Type

Interior Spaces

  • Ceiling Fan
  • Living Room
  • Bay Views

Kitchen

  • Electric Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Schools

  • Cherry Street Elementary School
  • Jinks Middle School
  • Bay High School

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Heating Available
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • Harmon Plat Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,574

Year Built

Built in 1941

Lot Details

7,144 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1941
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.16
  • Lot Size: 50X143
  • Road Frontage Type: City Street
  • Subdivision Name: Harmon Plat
  • Architectural Style: Duplex
  • New Construction: No
  • Structure Type: Duplex
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Tankless Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Dining Room Type: Bedroom, Full Bath, Kitchen, Living Room, Porch

Exterior Features

  • View: Bay
  • View: Yes
  • Waterfront: Yes
  • Construction Type: HardiPlank Type
  • Exterior Features: Patio
  • Patio And Porch Features: Balcony, Enclosed, Patio

Garage/Parking

  • Parking Features: Alley Access
  • Garage: No
  • Attached Garage: No

Utilities

  • Cooling: Ceiling Fan(s), Ductless, Window Unit(s)
  • Heating: Ductless, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Lot Features: Paved
  • Land Lease: No
  • Lot Size Sq Ft: 7144.0
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Tax Info

  • Tax Annual Amount: 6574.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Cherry Street
  • High School: Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
Jun 12, 2025
Sold by
Seabreeze 1 Llc
Bought by
Ecv Enterprises Llc
Seller's Agent
Kailey Collison
Realty One Group Emerald Coast
Buyer's Agent
Kailey Collison
Realty One Group Emerald Coast
List Price
$535,500
Sold Price
$415,000
Premium/Discount to List
-$120,500
-22.5%
Views
64
Current Estimated Value
$397,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,409
Avg. Annual Appreciation
-4.92%
Original Mortgage
$370,000
Outstanding Balance
$367,736
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$29,855

Purchase Details

Closed on
Nov 8, 2022
Sold by
Harbison Candis M and Harbison Allan
Bought by
Seabreeze 1 Llc

Purchase Details

Closed on
Jan 31, 2019
Sold by
Keefe Vince O and Keefe Karen S O
Bought by
Harbison Candis M and Clare Allan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ecv Enterprises Llc $415,000 South Oak Title
Ecv Enterprises Llc $415,000 South Oak Title
Seabreeze 1 Llc $415,000 South Oak Title
Harbison Candis M $138,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ecv Enterprises Llc $370,000
Closed Ecv Enterprises Llc $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2025 06/12/25 Sold $415,000 -19.4% $198 / Sq Ft
05/26/2025 05/26/25 Pending -- -- --
04/07/2025 04/07/25 Price Changed $514,900 -3.8% $246 / Sq Ft
03/10/2025 03/10/25 For Sale $535,500 0.0% $256 / Sq Ft
03/05/2025 03/05/25 Off Market $535,500 -- --
02/05/2025 02/05/25 For Sale $535,500 0.0% $256 / Sq Ft
06/20/2022 06/20/22 Off Market $615 -- --
06/20/2022 06/20/22 Off Market $595 -- --
06/20/2022 06/20/22 Off Market $595 -- --
07/17/2014 07/17/14 Rented $615 -3.1% --
07/14/2014 07/14/14 Under Contract -- -- --
06/23/2014 06/23/14 For Rent $635 +6.7% --
12/26/2013 12/26/13 Rented $595 0.0% --
12/12/2013 12/12/13 Under Contract -- -- --
11/14/2013 11/14/13 For Rent $595 0.0% --
10/28/2013 10/28/13 Rented $595 0.0% --
10/17/2013 10/17/13 Under Contract -- -- --
10/02/2013 10/02/13 For Rent $595 -- --
Source: Central Panhandle Association of REALTORS®

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
2025 $6,574 $352,135 $34,402 $317,733
2024 $5,703 $369,250 -- --
2023 $5,703 $335,682 $29,700 $305,982
2022 $2,149 $120,061 $25,789 $94,272
2021 $2,050 $110,839 $24,997 $85,842
2020 $2,021 $112,607 $24,255 $88,352
2019 $990 $61,263 $23,265 $37,998
2018 $920 $60,768 $0 $0
2017 $903 $60,273 $0 $0
2016 $913 $59,530 $0 $0
2015 $910 $57,705 $0 $0
2014 $898 $57,408 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kailey Collison

    Realty One Group Emerald Coast

  • K

    Seller's Agent in 2014

    Karen O'keefe

    O'Keefe & Wainwright Inc

    (850) 785-8746

    6 Total Sales

    Karen O'keefe
    Section Image

  • V

    Seller's Agent in 2013

    Vince O'keefe

    O'Keefe & Wainwright Inc

    (850) 814-8780

    2 in this area

    12 Total Sales

    Vince O'keefe
    Section Image
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 768582

Central Panhandle Association of REALTORS®

APN: 20274-000-000

Florida Bay County Panama City 32401 South Panama City

124 E 2nd Place, Panama City, FL

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.

Central Panhandle Association of REALTORS® 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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