PENDING
$20K PRICE DROP
505 Palermo Rd Panama City, FL 32405
Estimated payment $1,144/month
Total Views
5,782
3
Beds
2.5
Baths
1,401
Sq Ft
$143
Price per Sq Ft
Highlights
- No HOA
- Covered Patio or Porch
- Central Heating and Cooling System
- A. Crawford Mosley High School Rated A-
- Breakfast Bar
- Ceiling Fan
About This Home
Looking for a move-in ready home that won't break the bank? Welcome to 505 Palermo Road--an updated townhome with solid bones, fresh finishes, and no HOA to hold you back. Whether you're a first-time buyer, an investor, or just looking to simplify life without sacrificing comfort, this one's a winner.Step inside to find stylish LVP flooring throughout the main living area, fresh paint, and a clean layout that gives you space to breathe. The open-concept living and dining combo flows into the kitchen, where you've got classic wood cabinetry, plenty of prep space, and a breakfast bar for casual mornings or quick meals on the go. The spacious living area leads to a private fenced backyard--perfect for grilling, pets, or just kicking back under the shade tree. Upstairs, the oversized primary bedroom features an en suite bath. Two additional bedrooms and a full bath round out the upstairs, offering room for family, guests, or a dedicated home office.NO HOA--so say goodbye to surprise fees and hello to freedom.Conveniently located near schools, shopping, and a quick drive to the beach, 505 Palermo is the kind of place that makes sense--whether you're building equity or building a portfolio. Schedule your tour today!
Listing Agent
Joshua Hoey
Think Real Estate License #SL3447224 Listed on: 05/19/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $645
Year Built
- Built in 1983
Lot Details
- 3,528 Sq Ft Lot
- Lot Dimensions are 21.50 x 168
Parking
- Driveway
Home Design
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,401 Sq Ft Home
- Ceiling Fan
Kitchen
- Breakfast Bar
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Covered Patio or Porch
Schools
- Northside Elementary School
- Mowat Middle School
- Mosley High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Venetian Villa 2Nd Add Replat Subdivision
Map
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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 | $705 | $68,892 | -- | -- |
| 2023 | $705 | $66,885 | $0 | $0 |
| 2022 | $686 | $53,928 | $0 | $0 |
| 2021 | $678 | $52,357 | $0 | $0 |
| 2020 | $664 | $51,634 | $0 | $0 |
| 2019 | $415 | $51,752 | $11,887 | $39,865 |
| 2018 | $461 | $63,457 | $0 | $0 |
| 2017 | $452 | $62,152 | $0 | $0 |
| 2016 | $454 | $60,874 | $0 | $0 |
| 2015 | $466 | $60,451 | $0 | $0 |
| 2014 | $460 | $59,971 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2025 07/20/25 | Pending | -- | -- | -- |
| 06/11/2025 06/11/25 | Price Changed | $200,000 | -9.1% | $143 / Sq Ft |
| 05/19/2025 05/19/25 | For Sale | $220,000 | -- | $157 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $162,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Closed | $30,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Panama City, FL
Source: Central Panhandle Association of REALTORS®
MLS Number: 773676
APN: 11677-156-000
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