3911 E 11th Street, Panama City, FL 32404 (MLS# 789143)

List Price/SqFt: 61.57

Status: Active

List Date: 2026-04-24

List Price: $499,000

Current Price: $499,000

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Cedar Grove

Middle School: Rutherford Middle

High School: Rutherford

Directions: Hwy. 98 to Transmitter Rd., right on Transmitter, left on 11th, property onleft just before Phillips Lane.

Area: 02 - Bay County - Central

Street #: 3911

Street Direction: E

Street Name: 11th

Street Suffix: Street

State: FL

Zip Code: 32404

County: Bay

Subdivision: No Named Subdivision

Parcel ID: 15029-062-000

Legal Description: 1 4S 14W -104.14- 118A2 BEG 2686.67' N & 649' E OF SW COR TH N 150' E 196' S 150' W 196' TO POB ORB 4030 P 1913

Acreage: 0.78

Design: Other

Lot Size (SqFt): 33977

Apx SqFt(Htd/Cooled): 8104

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 1

# of Units in Bldg: 3

Lot Dimensions: 198x171

New Construction: No

Garage Y/N: No

Covered Spaces: 2

Driveway Spaces: 8

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 5

Full Baths: 4

Total Baths: 5

Year Built: 1975

Homestead: Yes

HOA Fee: No

New Buyer Fee: No

Last Taxes: 3240

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: Massive Income-Producing Opportunity or Multi-Generational Estate in Panama City! Welcome to 3911 E 11th Street, an incredibly rare find offering nearly 8,000 square feet of living space with unmatched flexibility and income potential! This unique property currently features two separate living areas (apartments), plus an additional flex space (currently used as a dog grooming business) and a large indoor workshop area, making it ideal for investors, entrepreneurs, or multi-generational living. With its layout and previous use, this property also has the potential to accommodate up to four separate units, offering even greater income-producing possibilities. One of the most impressive features of this home is the solar panel system that conveys with the sale, dramatically reducing operating costs. The current owner reports electric bills for heating and cooling the entire home at around just $40/month, providing exceptional long-term savings--especially for a property of this size. Adding even more value, this property was previously zoned for commercial/residential use and may have the potential to be reverted back (buyer to verify with local authorities). This opens the door to a wide range of possibilities, including operating a business on-site while maintaining 2-4 separate living areas, creating a true live/work income-producing setup. The roof was replaced in 2019 and upgraded to meet newer code requirements, featuring High Temp Fire & Ice underlayment. With its expansive layout, multiple living quarters, versatile flex space, dedicated workshop area, and energy-efficient features, this property is perfect for investors, entrepreneurs, or anyone needing space and flexibility. Conveniently located near shopping, dining, schools, Tyndall Air Force Base, and the beautiful Gulf Coast beaches, this property combines opportunity with location. Opportunities like this don't come around often, schedule your private showing today and explore the possibilities!

Other: 1

Floor - Vinyl: 1

Other - See Remarks: 1

Fenced Back Yard: 1

Patio Covered: 1

Cash: 1

Conventional: 1

Seller Financing: 1

Unfurnished: 1

Floor - Concrete: 1

City Street: 1

Paved Road: 1

Additional Parking: 1

Carport Detached: 1

Driveway: 1

City: 1

Resid Single Family: 1

Bedroom: 1

Electricity - Connected: 1

Phone - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Septic Tank: 1

Solar: 1

Customized Wheelchair Accessible: 1

As Is: 1

First: 1

Central Air: 1

Electric: 1

Mini-Split/Ductless: 1

Varies by Unit: 1

Window Unit(s): 1

Central: 1

Electric: 1

Mini-Split/Ductless: 1

Closed Circuit Camera(s): 1