$399,000
Panama City, FL 32408
MLS# 794136
9 beds | 6 baths | 4294 sqft
1 / 1
Property Description
**INVESTOR ALERT** This piece of property on the East end of the beach has so many options, making this perfect for your next investment! Almost .7 of an acre in the Upper Grand Lagoon area, with current Trailer Park land use, has five mobile homes on the property. Four are being rented to long term tenants under market value. The other could be remodeled or replaced because of the zoning. All are metered separately and pay their own electric and water. Leaving this property ''as is'' gives strong cash-flow opportunity. This would also make a great development opportunity. Currently, it could be developed as two duplexes, or with a development order could be changed to multi-family. Please do not disturb tenants. All measurements/information are approximate. Buyer to do their own due diligence.
Details
Maps
General Property Info
Acreage: 0.68
Design: N/A
Lot Size (SqFt): 29621
Apx SqFt(Htd/Cooled): 4294
Immediate Occupancy: No
Construction Status: Construction Complete
SqFt Source: Prop App Site
Accessory Dwelling Unit: No
Lot Dimensions: 150.0 ft x 190.0 ft
New Construction: No
Garage Y/N: No
Pool: No
Sub-Type: Multi Family
Bedrooms: 9
Full Baths: 6
Total Baths: 6
Year Built: 1980
Contract Info
List Price/SqFt: 92.92
Status: Active
List Date: 2026-08-16
List Price: $399,000
Current Price: $399,000
Location
Sub Area: 0319 - Beach - East
Community/Resort: None
Waterfront: No
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: North on Anne Ave towards Hwy 98. Property will be on the right.
Area: 03 - Bay County - Beach
Street #: 2122
Street Name: Anne
Street Suffix: Avenue
State: FL
Zip Code: 32408
County: Bay
Subdivision: Pines 3rd Add Replat
Parcel ID: 27761-000-000
Legal Description: PINES 3RD ADD REPLAT LOTS 40, 41 BLK 5 ORB 3173 P 2023
Listing Info, Tax and Legal
Homestead: No
HOA Fee: No
Is Subject Leased: Yes
Rent/Mo: 3100
New Buyer Fee: No
Last Taxes: 3257.02
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Township: Panama City Bea
Remarks & Misc
Remarks: **INVESTOR ALERT** This piece of property on the East end of the beach has so many options, making this perfect for your next investment!
Almost .7 of an acre in the Upper Grand Lagoon area, with current Trailer Park land use, has five mobile homes on the property. Four are being rented to long term tenants under market value. The other could be remodeled or replaced because of the zoning. All are metered separately and pay their own electric and water. Leaving this property ''as is'' gives strong cash-flow opportunity.
This would also make a great development opportunity. Currently, it could be developed as two duplexes, or with a development order could be changed to multi-family.
Please do not disturb tenants. All measurements/information are approximate. Buyer to do their own due diligence.
Existing Leases
Month To Month: 1
Furnished
Unfurnished: 1
Kitchen
First: 1
Rooms
Bedroom: 1
Full Bathroom: 1
Kitchen: 1
Office: 1
Other: 1
Utilities
Electricity - Connected: 1
Public Water - Connected: 1
Septic Tank: 1
Full Bathroom
First: 1
Bedroom
First: 1
Property Features
Full Bathroom: First
Bedroom: First
Existing Leases: Month To Month
Furnished: Unfurnished
Kitchen: First
Rooms: Bedroom; Full Bathroom; Kitchen; Office; Other
Utilities: Electricity - Connected; Public Water - Connected; Septic Tank
Room Information
| Room Name | Level | Dimensions | Length | Width |
| Kitchen | First | 20 x 12 | 20.00 | 12.00 |
| Bedroom | First | 16 x 12 | 16.00 | 12.00 |
| Full Bathroom | First | 8 x 8 | 8.00 | 8.00 |
| Bedroom | First | 10 x 10 | 10.00 | 10.00 |
| Other | 0 x 0 | 0.00 | 0.00 | |
| Other | 0 x 0 | 0.00 | 0.00 | |
| Office | 0 x 0 | 0.00 | 0.00 | |
| Other | 0 x 0 | 0.00 | 0.00 | |
| Other | 0 x 0 | 0.00 | 0.00 |
Listing Office: SimpliHOM
Last Updated: August - 16 - 2026
Information deemed reliable but not guaranteed.