5203 E 4th Street, Panama City, FL 32404 (MLS# 784479)

List Price/SqFt: 191.47

Status: Active

List Date: 2026-01-31

List Price: $359,000

Current Price: $359,000

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: Yes

Gulf Access: No

Elementary School: Parker

Middle School: Rutherford

High School: Rutherford

Directions: From Hwy 98, head east past the 231 Intersection. Just past Walmart, turn right on 7th St. Then left on Seneca, and right on 4th St. Property will be on the right.

Area: 02 - Bay County - Central

Street #: 5203

Street Direction: E

Street Name: 4th

Street Suffix: Street

State: FL

Zip Code: 32404

County: Bay

Subdivision: Callaway

Parcel ID: 24417-000-000

Legal Description: 12 4S 14W ST A B DEV CO PLAT BEG 208.4' E OF NW COR LOT 46 TH E 430' S 320' W 422.6' N 309.77' TO POB -99.2-118D1 ORB 1181 P 73

Acreage: 2.89

Design: Ranch

Lot Size (SqFt): 125801

Apx SqFt(Htd/Cooled): 1875

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

Lot Dimensions: 284 x 443

New Construction: No

Garage Y/N: Yes

Garage Spaces: 3

Covered Spaces: 1

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 1

Total Baths: 2

Year Built: 1960

Homestead: No

HOA Fee: No

New Buyer Fee: No

Last Taxes: 3033

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Section: 12

Township: 4S

Range: 14W

Remarks: 2.88-acre multi-residence property located in the heart of Panama City. Zoned for up to 8.99 townhomes or 4 duplexes per acre. Offering exceptional space, privacy, and versatility, this sprawling estate is ideal for multi-generational living, investment income, or a private retreat with room to grow. The main residence is a fully renovated cinderblock home featuring three bedrooms and 1.5 baths, plus a dedicated mother-in-law suite. The home has been thoughtfully updated from top to bottom with modern finishes, including: - New flooring and fresh paint throughout - A durable metal roof - An updated kitchen with new appliances - Completely remodeled bathrooms featuring new vanities, toilets, and a brand-new soaker tub. Bright, open, and built to last, this home is truly move-in ready! Adding potential value is a separate 2-bedroom, 1-bath mobile home. With some TLC this would be ideal for extended family, guests, or rental income. The property continues to impress outdoors with a detached 2-car garage for vehicles, storage, or a workshop, Large pole barn, perfect for boats, RVs, equipment, or hobbies and a serene pond nestled at the center of the property, surrounded by mature trees, creating a peaceful natural retreat. The Property features expansive open land with established driveways and multiple access points. Enjoy the privacy and space of country living while remaining just minutes from shopping, dining, schools, and all that Panama City has to offer. Properties with multiple dwellings, acreage, and this level of convenience are hard to find. Whether you're looking for a family compound, income-producing property, or a one-of-a-kind homestead, this property checks every box! Schedule your private showing today.

Cooktop - Electric: 1

Dishwasher: 1

Dryer: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Ceiling - Raised: 1

Floor - Vinyl Plank: 1

Guest Quarters: 1

Lighting - Recessed: 1

Block: 1

Foundation - Slab on Grade: 1

Roof - Metal: 1

Siding - Stone: 1

Patio Covered: 1

Porch Covered: 1

Garage(s): 1

Guest House: 1

Pole Barn: 1

RV/Boat Storage: 1

Workshop: 1

Cash: 1

Conventional: 1

Unfurnished: 1

Corner Lot: 1

Paved Road: 1

Private Road: 1

Additional Parking: 1

Boat: 1

Garage Detached: 1

RV Access/Parking: 1

RV - Carport: 1

Resid Multi-Family: 1

Resid Single Family: 1

Bedroom: 1

Full Bathroom: 1

Cable - Available: 1

Electricity - Connected: 1

Garbage: 1

Internet - Broadband Available: 1

Public Sewer - Connected: 1

Sewer Available: 1

Public Water - Connected: 1

As Is: 1

First: 1

Other: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Mini-Split/Ductless: 1

Central: 1

Electric: 1