306 Penny Court, Panama City, FL 32401 (MLS# 790859)

List Price/SqFt: 305.41

Status: Active

List Date: 2026-06-05

List Price: $565,000

Current Price: $565,000

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Cherry Street

Middle School: Jinks

High School: Bay

Directions: East on 6th Street from Harrison Ave, cross over Watson Bayou Bridge into Millville. Turn Right onto Maple Ave and then Right into Watson Bayou Townhomes. Follow Penny Ct. to the end and home is on the left.

Area: 02 - Bay County - Central

Street #: 306

Street Name: Penny

Street Suffix: Court

State: FL

Zip Code: 32401

County: Bay

Subdivision: No Named Subdivision

Parcel ID: 22385-018-000

Legal Description: OAKRIDGE 1ST ADD. (REPLAT) N1/2 OF LOT 5 BLK 4 LESS THE EAST 85' ORB 4640 P 791

Design: Townhome

Apx SqFt(Htd/Cooled): 1850

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

Lot Dimensions: 0

New Construction: Yes

Garage Y/N: No

Pool: No

Sub-Type: Attached Single Unit

Bedrooms: 4

Full Baths: 4

Total Baths: 5

Year Built: 2025

HOA Fee: Yes

HOA Amount: 125

HOA Frequency: Monthly

HOA Annual Amount: 1500

New Buyer Fee: No

Last Taxes: 1707

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: Enjoy breathtaking water views from every floor of this beautifully positioned waterfront townhome. Designed with flexibility in mind, this property offers multiple possibilities for full-time living, vacation use, or income production. The spacious layout can accommodate separate living areas, making it ideal for multi-generational living or maximizing rental potential. An additional top-floor bonus room provides the perfect space for a home office, bunk room, hobby area, or guest accommodations. Whether you're looking for a primary residence, second home, or investment property, this townhome offers the versatility to fit your needs. Short-term rentals are permitted, creating an excellent opportunity for additional income. Located adjacent to the City's newly completed boat launch facility, this property is perfectly situated for boating enthusiasts. There is also the potential to obtain a private boat slip at the neighboring marina, with accommodations for boats up to 35 feet.

Dishwasher: 1

Oven - Gas: 1

Range - Gas: 1

Refrigerator: 1

Water Heater - Gas: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Balcony: 1

Deck Covered: 1

Deck Open: 1

Bulkhead/Seawall: 1

Accounting: 1

Dumpster: 1

Ground Keeping: 1

Insurance: 1

Cash: 1

Conventional: 1

FHA: 1

Seller Financing: 1

Unfurnished: 1

Bonus Room: 1

First: 1

Second: 1

First: 1

Second: 1

Near Public Boat Ramp: 1

UnRec Subdiv: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

City Street: 1

Resid Multi-Family: 1

Bedroom: 1

Kitchen: 1

Living Room: 1

Master Bedroom: 1

Electricity - Availabile: 1

Garbage: 1

Propane: 1

Sewer Available: 1

Public Water - Available: 1

Public Water - Connected: 1

Bayou: 1

As Is: 1

Bayou w/ Gulf Access: 1

First: 1

Third: 1

First: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1