604 Fernwood Street, Panama City Beach, FL 32407 (MLS# 786962)

List Price/SqFt: 254.3

Status: Active

List Date: 2026-03-18

List Price: $650,000

Current Price: $650,000

Sub Area: 0320 - Beach - Middle Central

Community/Resort: None

Waterfront: No

Elementary School: Hutchison Beach

Middle School: Surfside

High School: Arnold

Directions: From Panama City Beach Pkwy (Back Beach Rd / US-98), turn south onto Richard Jackson Blvd. Continue to Hutchison Blvd (Middle Beach Rd) and turn right (west). Proceed to Lullwater Dr and turn left. Turn left onto Fernwood St. Property will be on the left.

Area: 03 - Bay County - Beach

Street #: 604

Street Name: Fernwood

Street Suffix: Street

State: FL

Zip Code: 32407

County: Bay

Subdivision: Hutchison's 1st To Bahama Bch

Parcel ID: 34201-000-000

Legal Description: HUTCHISON'S 1ST ADD LOTS 2 & 3 BLK 4 DAUGETTE ADDITION LOT 19 BLK B ORB 2090 P 521

Acreage: 0.42

Design: N/A

Lot Size (SqFt): 18121

Apx SqFt(Htd/Cooled): 2556

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 1

Lot Dimensions: 105x168x107x174

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Private

Sub-Type: Multi Family

Bedrooms: 7

Full Baths: 6

Total Baths: 6

Year Built: 1960

HOA Fee: No

New Buyer Fee: No

Last Taxes: 5450

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

Inground: 1

Block: 1

Foundation - Slab on Grade: 1

Cash: 1

Conventional: 1

Unfurnished: 1

Corner Lot: 1

City Street: 1

Paved Road: 1

Unpaved: 1

Resid Multi-Family: 1

Bedroom: 1

ShowingTime: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

As Is: 1

First: 1

Ceiling Fan(s): 1

Window Unit(s): 1

Varies by Unit: 1