523 Spring Avenue, Panama City, FL 32401 (MLS# 793533)

Acreage: 0.17

Design: Florida Cottage

Lot Size (SqFt): 7405

Apx SqFt(Htd/Cooled): 1196

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 1

Accessory Dwelling Unit: No

Pre-Const Flip: No

Lot Dimensions: 47.0 ft x 160.0 ft

New Construction: No

Garage Y/N: No

Driveway Spaces: 2

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 2024

List Price/SqFt: 217.31

Status: Active

List Date: 2026-08-05

List Price: $259,900

Current Price: $259,900

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Cherry Street

Middle School: Jinks

High School: Bay

Directions: One block off Business 98

Area: 02 - Bay County - Central

Street #: 523

Street Name: Spring

Street Suffix: Avenue

State: FL

Zip Code: 32401

County: Bay

Subdivision: Pine Crest Add To Callaway

Parcel ID: 22669-020-000

Legal Description: PINECREST ADD LOT 22 BLK K ORB 4739 P 533

Homestead: No

HOA Fee: No

Is Subject Leased: No

New Buyer Fee: No

Last Taxes: 2761.32

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Township: Panama City Bea

Remarks: Welcome to Coral Spring -- a beautifully built 2025 construction home that is currently being operated as a short-mid term rental and offers modern comfort in an unbeatable up and coming central Panama City location! Location is key, and this property places you right in the middle of everything: 2 miles to Downtown Panama City and less than a mile to Ascension Sacred Heart Bay Hospital and Watson Landing Marina, 5 miles to Historic St. Andrews, 8 miles to Tyndall Air Force Base, and just 12 miles to the white sandy beaches! This 3-bedroom, 2-bathroom home has already proven itself as a high-performing asset, generating approximately $30,000 in short- to mid-term rental income over the past 12 months. Whether you're an investor seeking immediate cash flow or a homeowner wanting flexibility, this property delivers. Inside, you'll find a thoughtfully designed layout with contemporary finishes, low-maintenance construction, and the option to purchase fully furnished (turnkey) -- making it ready to continue operating as a rental from day one. Prefer a primary residence? The home can also be delivered unfurnished to suit your needs. Whether you're looking for a primary residence, vacation home, or income-producing property, this nearly new build checks all the boxes with modern construction, proven revenue, and a prime location.

First: 1

Dishwasher: 1

Dryer: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Foundation - Slab on Grade: 1

Roof - Composite Shngl: 1

Siding - Hardie Board: 1

Fenced Lot-Part: 1

Negotiable: 1

First: 1

Bedroom: 1

Family Room: 1

Kitchen: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

First: 1

Central Air: 1

Central: 1