1414 Coastal Hwy Unit 1 Panacea, FL 32346
Estimated payment $1,486/month
Highlights
- Deck
- Utility Room
- Wood Siding
- Central Heating and Cooling System
- Washer and Dryer
- Vinyl Flooring
About This Home
Prime Investment Opportunity in the Heart of Panacea! This versatile .67-acre Enterprise-zoned property sits in a prime location right next to the Dollar Store in downtown Panacea, backing up to a serene green space and just a short walk to the water—ideal for fishing enthusiasts and vacationers alike. Currently operating as a successful Airbnb, the fully renovated duplex features two stylish studio-style units, each with its own bathroom and hotel-style kitchenette, generating $100/night per unit. Everything feels fresh and new with updates including new floors, fresh paint, new kitchens, new roofs, and more—offering immediate income potential. Also included is a 1930s single-family home that has been completely gutted, providing a blank canvas for your creative vision. The sellers are offering their own renovation plans to help inspire your design ideas. Whether you're looking to expand your vacation rental portfolio or build out a unique mixed-use space in a growing coastal community, this property offers endless potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,721
Year Built
- Built in 1930
Parking
- Assigned Parking
Home Design
- Wood Siding
Interior Spaces
- 1-Story Property
- Partially Furnished
- Utility Room
- Washer and Dryer
- Vinyl Flooring
- <<microwave>>
Additional Features
- Deck
- Lot Dimensions are 100x300x100x300
- Central Heating and Cooling System
Community Details
- 3 Units
- Panacea Subdivision
Listing and Financial Details
- Rent includes all utilities, gardener, sewer, cable TV, water
- Tax Block A
- Assessor Parcel Number 12129-24-5S-02W-000-02976-000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Price Changed | $242,500 | +0.2% | $137 / Sq Ft |
| 06/16/2025 06/16/25 | Price Changed | $242,000 | -2.2% | $137 / Sq Ft |
| 05/29/2025 05/29/25 | Price Changed | $247,500 | -10.0% | $140 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $275,000 | -- | $156 / Sq Ft |
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
MLS Number: 384565
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