$1,400,000
Panama City, FL 32405
MLS# 766313
Status: Sold
16 beds | 16 baths | 7240 sqft
1 / 27
Property Description
Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.
Details
Maps
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 848
Last Tax Year: 2023
Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.
Contract Info
List Price/SqFt: 217.54
Status: Sold
List Date: 2024-12-18
List Price: $1,575,000
Current Price: $1,400,000
Location
Sub Area: 0201 - Bay - Central NE
Community/Resort: None
Waterfront: No
Elementary School: Hiland Park
Middle School: Mowat
High School: Bay
Directions: Follow W 33rd Street to Frankford Ave. Take Baldwin Road and turn right on Canal Ave. Then continue and it is on the right. 2728-2741
Area: 02 - Bay County - Central
Street #: 2729
Street Name: Carol
Street Suffix: Lane
State: FL
Zip Code: 32405
County: Bay
Subdivision: Highland City
Parcel ID: 12629-036-010
Legal Description: HIGHLAND CITY (7.03) BEG 348.14' E OF NW COR LOT 8 TH E 91.41' S 180' W 89.28' N 179.98' TO POB BLK 29 ORB 4696 P 1242
General Property Info
Design: Duplex
Apx SqFt(Htd/Cooled): 7240
Construction Status: Construction Complete
SqFt Source: Builders Plans
Lot Dimensions: 182X360
New Construction: Yes
Garage Y/N: No
Driveway Spaces: 16
Pool: No
Sub-Type: Duplex Multi-Units
Bedrooms: 16
Full Baths: 16
Total Baths: 16
Year Built: 2024
Remarks & Misc
Remarks: Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.
Status Change Info
Sold Price/SqFt: 193.37
Under Contract Date: 2026-02-20
Sold Date: 2026-04-13
Sold Price: $1,400,000
Appliances
Cooktop - Electric: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Oven - Electric: 1
Refrigerator: 1
Water Heater - Electric: 1
Construction/Siding
Roof - Dimensional Shg: 1
Siding - Vinyl: 1
Financing
Cash: 1
Conventional: 1
Furnished
Unfurnished: 1
Lot Access
City Street: 1
Present Zoning
Resid Multi-Family: 1
Rooms
Bedroom: 1
Utilities
Cable - Available: 1
Electricity - Connected: 1
Sale Type
As Is: 1
Bedroom
First: 1
Cooling
Central Air: 1
Heating
Central: 1
Property Features
Appliances: Cooktop - Electric; Dishwasher; Disposal; Microwave; Oven - Electric; Refrigerator; Water Heater - Electric
Bedroom: First
Cooling: Central Air
Heating: Central
Financing: Cash; Conventional
Furnished: Unfurnished
Lot Access: City Street
Rooms: Bedroom
Sale Type: As Is
Utilities: Cable - Available; Electricity - Connected
Present Zoning: Resid Multi-Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 12.2 x 102 | 12.20 | 102.00 | 12.2 x 102 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
Listing Office: Scenic Sotheby's International Realty
Last Updated: April - 14 - 2026
Information deemed reliable but not guaranteed.