311 N Gay Avenue, Panama City, FL 32404 (MLS# 790758)

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Callaway

Middle School: Rutherford Middle

High School: Rutherford

Directions: From HWY 98/Tyndall Parkway take HWY 22 East, Callaway Corners is on your left.

Area: 02 - Bay County - Central

Street #: 311

Street Direction: N

Street Name: Gay

Street Suffix: Avenue

State: FL

Zip Code: 32404

County: Bay

Subdivision: Callaway Corners

Parcel ID: 06275-100-006

Legal Description: CALLAWAY CORNERS 131C2 LOT 6 ORB 4129 P 1653

Acreage: 0.05

Design: Contemporary

Lot Size (SqFt): 2222

Apx SqFt(Htd/Cooled): 1676

Immediate Occupancy: No

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 2

# of Units in Bldg: 1

Pre-Const Flip: No

Lot Dimensions: 40*56

New Construction: No

Garage Y/N: Yes

Garage Spaces: 1

Driveway Spaces: 1

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 2

Total Baths: 3

Year Built: 2019

Homestead: Yes

HOA Fee: Yes

HOA Amount: 60

HOA Frequency: Monthly

HOA Annual Amount: 720

Senior Community: No

Is Subject Leased: Yes

Rent/Mo: 1900

Lease Expiration Dt: 2027-03-31

New Buyer Fee: No

Last Taxes: 3022

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Section: 7

Range: 13W

Condo Doc: Yes

Remarks: Immediate Cash Flow Opportunity! This home comes with a one-year rental agreement in place, providing you with cash flow and financial security with vetted tenants. The lease expires March 31, 2027 with rent at $1,900/month. This beautiful 4-bedroom, 2.5 bath home, built in 2019, is contemporarily designed inside and out. The open floor plan is ultra-low maintenance, with metal roof, custom cabinets, quartz counter tops, LVP downstairs and carpet upstairs, plus, the low-cost HOA takes care of the yard! Everything is in like new condition. Callaway Corners offers a welcoming, family-oriented community that appeals to investors, first time home buyers and military families. Tyndall Air Force base is under 20 minutes away and local retail, dining and shopping are just minutes away. Enjoy the relaxing, sandy beaches in under 30 minutes on Panama City Beach. Don't miss out on this great value in the secluded neighborhood of Calloway Corners.

First: 1

First: 1

First: 1

First: 1

Dishwasher: 1

Disposal: 1

Ice Maker: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Water Heater - Electric: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Window - Treatment Some: 1

Foundation - Slab on Grade: 1

Wood/Frame: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Trim - Hardie Board: 1

7 - 12 Months: 1

Balcony: 1

Columns: 1

Fenced Back Yard: 1

Accounting: 1

Ground Keeping: 1

Picnic Area: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Unfurnished: 1

Ceiling - Tray: 1

Floor - Carpet: 1

First: 1

First: 1

City Street: 1

Garage Attached: 1

Garage Door Opener: 1

MBath Double Vanity: 1

MBath Shower/Tub Combo: 1

Resid Single Family: 1

Bedroom: 1

Dining Room: 1

Garage: 1

Kitchen: 1

Laundry: 1

Living Room: 1

Master Bedroom: 1

Pantry: 1

Electric 220/240: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

As Is: 1

Second: 1

Second: 1

Ceiling Fan(s): 1

Heat Pump: 1

Heat Pump: 1

Status: Active

List Date: 2026-06-03

List Price: $269,998

Current Price: $269,998