RENTED NOV 15, 2025

505 Palermo Rd Panama City, FL 32405

Panama City Area

Estimated Value: $184,000 - $222,436

3 Beds
2.5 Baths
1,401 Sq Ft
$146/Sq Ft Est. Value

Sale Details

Date Sold: September 12, 2025

Last sale price $196,600 $140 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,182 / mo

Highlights

  • Covered Patio or Porch
  • Cooling Available
  • Central Heating
  • A. Crawford Mosley High School Rated A-
  • Living Room
  • Dining Room

About This Home

As of November 2025

Looking for a move-in ready rental that checks all the boxes and allows pets? Welcome to 505 Palermo Road, an updated townhome with solid bones, fresh finishes, and no HOA restrictions. Whether you're a long-term renter, someone in between homes, or simply seeking a comfortable space without extra hassle, this property is a smart choice.
Step inside to find stylish LVP flooring on the main level, fresh paint throughout, and a clean, open layout. The combined living and dining area flows into the kitchen, where you'll find classic wood cabinets, ample counter space, and a breakfast bar for easy meals or casual conversation.
The spacious living room opens to a private fenced backyard, ideal for grilling, outdoor lounging, or giving your pets room to play. Upstairs, the oversized primary bedroom includes an en suite bathroom. Two additional bedrooms and a full hall bath provide space for guests, family, or a home office.
With no HOA, you're free from surprise fees and unnecessary restrictions. Conveniently located near schools, shopping, and just a short drive to the beach, 505 Palermo Road offers comfort, convenience, and flexibility. Schedule your showing today and make this pet-friendly rental your next home.

Last Agent to Rent the Property

Paul Gibney

Corcoran Reverie License #SL3315203 Listed on: 10/31/2025

Corcoran Reverie

Last Renter's Agent

Paul Gibney

Gulf Real Estate

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Home Design

  • Property Attached

Interior Spaces

  • Living Room
  • Dining Room
  • Electric Range

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

  • Cooling Available
  • Central Heating
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 10/31/25
  • Tenant pays for all utilities
  • Tax Block 17 3S 14W -10.156- 90A ST

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

Rental Info

  • Tenant Pays: All Utilities
  • Available Date: 2025-10-31

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1983
  • Property Sub Type: Attached
  • Property Sub Type Additional: Attached
  • Special Features: None

Interior Features

  • Appliances: Dryer, Electric Range, Electric Water Heater, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Dining Room Type: Bedroom, Dining Room, Living Room, Primary Bedroom

Exterior Features

  • Fencing: Privacy
  • Patio And Porch Features: Covered, Open, Porch

Utilities

  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Mowat

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Mobile Dim Units: Feet

Tax Info

  • Tax Block: 17 3S 14W -10.156- 90A ST

MLS Schools

  • Elementary School: Northside
  • High School: Mosley

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2025
Closed on
Sep 12, 2025
Sold by
Bought by
Seller's Agent
Joshua Hoey
Think Real Estate
Buyer's Agent
Paul Gibney
Gulf Real Estate
List Price
$220,000
Sold Price
$196,600
Premium/Discount to List
-$23,400
-10.64%
Views
58
Current Estimated Value
$205,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,509
Avg. Annual Appreciation
4.88%
Original Mortgage
$157,280
Outstanding Balance
$156,026
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$49,083
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$196,600 Clear Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $157,280
Previous Owner $162,000
Previous Owner $30,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2025 11/15/25 Rented $1,850 +5.7% --
10/31/2025 10/31/25 For Rent $1,750 0.0% --
09/12/2025 09/12/25 Sold $196,600 -1.7% $140 / Sq Ft View Prior Sale
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®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $645 $136,645 $18,815 $117,830
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

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Joshua Hoey

    Think Real Estate

  • Paul Gibney Real Estate Agent - Corcoran Reverie

    Landlord's Agent in 2025

    Paul Gibney

    Corcoran Reverie

    (850) 775-7766

    80 Total Sales

    Paul Gibney
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 781091

Central Panhandle Association of REALTORS®

APN: 11677-156-000

Florida Bay County Panama City 32405

505 Palermo Rd, 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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