$176,000
SOLD MAR 5, 2026
8 Beds
4 Baths
2,600 Sq Ft
12,197 Sq Ft Lot

Recently Sold

$68 Per Sq Ft

1% Above List Price

5 Days on Market

Highlights

  • Radiant Floor
  • Covered Patio or Porch
  • Family Room
  • No HOA
  • Window Unit Cooling System
  • Heating Available

About This Home

As of March 2026

Investor Special - Rare Multi-Dwelling Opportunity in Prime Panama City Location! Priced to sell and packed with potential, this unique property features 3 separate dwellings in front on approximately .30 acres, with 1 in rear bult in 1925 on a partial easement, this gives option to demo or hold onto for now. Offering endless possibilities for savvy investors or multi-generational living. With a combined 8 bedrooms and 4 total bathrooms, this is a rare chance to create strong rental income or a private family compound where everyone enjoys their own space. 2 of the dwellings are currently rented but DO need work to make optimal. Second home on left of pics is incomplete, making a blank slate for your desired renovation. Located just one block from MLK Jr. Blvd, a major thoroughfare, and a block from a brand-new park, the property also sits minutes from Ascension Bay Hospital, one of the area's most renowned medical facilities--making it highly desirable for tenants. A perfect location for traveling nurses, anesthesiologists and other medical professionals to rest between shifts at the hospitals! Centrally located to shopping, dining, and everyday conveniences, and just 15 minutes from Panama City Beach, this location checks every box. While the homes do need work, they offer an excellent opportunity for renovation, conversion, or a full flip with significant upside. Whether you're looking to maximize cash flow, redevelop, or customize to your vision, this property delivers flexibility and long-term value. Highlights: 3 dwellings on approx. .30 acres 8 bedrooms / 4 bathrooms total Ideal for rental income, flipping, or family compound Near Ascension Bay Hospital One block from new park & MLK Jr. Blvd Central Panama City location 15 minutes to Panama City Beach Opportunities like this don't come around often--bring your vision and unlock the potential of this income-producing property!

Last Agent to Sell the Property

Kim Johnson

Think Real Estate License #SL 3569360 Listed on: 02/20/2026

Think Real Estate

Last Buyer's Agent

Pam Mathis

Five Star Realty Group, LLC License #3262418

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,627

Year Built

  • Built in 1925

Lot Details

  • 12,197 Sq Ft Lot
  • Lot Dimensions are 120x101

Home Design

  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • Family Room
  • Radiant Floor

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Cedar Grove Elementary School
  • Mowat Middle School
  • Bay High School

Utilities

  • Window Unit Cooling System
  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,627

Year Built

Built in 1925

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.28
  • Lot Size: 120x101
  • Road Frontage Type: City Street
  • Subdivision Name: [No Recorded Subdiv]
  • Architectural Style: Cabin
  • New Construction: No
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Dining Room Type: Bedroom, Family Room, Full Bath, Kitchen

Exterior Features

  • Waterfront: No
  • Construction Type: Stucco, Vinyl Siding
  • Patio And Porch Features: Covered, Porch
  • Roof: Composition, Shingle

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating: Other, Radiant Floor, See Remarks
  • 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: Mowat

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12197.0
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Multi Family

  • Number Of Units Furnished: None

Tax Info

  • Tax Annual Amount: 3627.0
  • Tax Year: 2025

MLS Schools

  • Elementary School: Cedar Grove
  • High School: Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2026
Closed on
Mar 6, 2026
Sold by
Lanee Lee
Bought by
Knight Kenneth
Seller's Agent
Kim Johnson
Think Real Estate
Buyer's Agent
Pam Mathis
Five Star Realty Group, LLC
List Price
$175,000
Sold Price
$176,000
Premium/Discount to List
$1,000
0.57%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
826.89%

Purchase Details

Closed on
Jul 24, 2024
Bought by
Lee Lanee

Purchase Details

Closed on
May 17, 2019
Sold by
Lee Joseph Earl and Lee Joseph E
Bought by
Joseph Earl Lee Trust
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 Type Sale Price Title Company
Warranty Deed $176,000 Omega National Title Agency
Deed Of Distribution $100 None Listed On Document
Interfamily Deed Transfer -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2026 03/05/26 Sold $176,000 +0.6% $68 / Sq Ft
02/25/2026 02/25/26 Pending -- -- --
02/20/2026 02/20/26 For Sale $175,000 0.0% $67 / Sq Ft
01/30/2026 01/30/26 Pending -- -- --
01/25/2026 01/25/26 Price Changed $175,000 -30.0% $67 / Sq Ft
01/07/2026 01/07/26 For Sale $250,000 -- $96 / Sq Ft
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 $3,250 $172,688 $30,080 $142,608
2024 $2,548 $142,016 -- --
2023 $2,548 $129,105 $25,380 $123,683
2022 $2,179 $117,368 $0 $0
2021 $1,748 $90,060 $0 $0
2020 $1,586 $81,873 $16,732 $65,141
2019 $1,335 $82,571 $16,450 $66,121
2018 $1,601 $105,706 $0 $0
2017 $1,527 $101,891 $0 $0
2016 $1,572 $102,495 $0 $0
2015 $1,632 $103,474 $0 $0
2014 $1,633 $104,455 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 783335

Central Panhandle Association of REALTORS®

APN: 17368-000-000

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