$1,575,000
Panama City, FL 32405
MLS# 964913
16 beds | 16 baths | 7240 sqft
1 / 27
Property Description
Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled
Details
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 217.54
List Date: 2024-12-18
Current Price: $1,575,000
List Price: $1,575,000
Location, Tax and Legal
Sub Area: 2701 - Bay - Central NE
Elementary School: Hiland Park
Middle School: Mowat
High School: Bay
Legal Description: HIGHLAND CITY (7.03) BEG 348.14' E OF NW COR LOT 8 TH E 91.41' S 180' W 89.28' N 179.98' TO POB BLK 29 ORB 4696 P 1242
General Property Info
Sub-Type: Attached Single Unit
Design: Duplex
SqFt Source: Building Plan
Garage: No
Carport: No
Driveway Spaces: 16
Pool: No
Pool Type: None
Apx SqFt(Htd/Cooled): 7240
Bedrooms: 16
Full Baths: 16
Total Bathrooms: 16
# Stories: 1
Year Built: 2024
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.
As Is: Yes
Remarks & Misc
Remarks: Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled
Construction Status
Construction Complete: 1
Lot/Parcel Access
City Road: 1
Construction/Siding
Roof Shingle/Shake: 1
Siding Vinyl: 1
Utilities
Electric: 1
Zoning
Resid Multi-Family: 1
Financing
Conventional: 1
Appliances
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Stove/Oven Electric: 1
Energy
AC - Central Elect: 1
Water Heater - Elect: 1
Bedroom
First: 1
Kitchen
First: 1
Rooms
Bedroom: 1
Great Room: 1
Kitchen: 1
Existing Leases
0 - 6 Months: 1
7 - 12 Months: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 2729
Street Name: Carol Lane
Street Suffix: Lane
State: FL
Zip Code: 32405
County: Bay
Project Name/Subdivision: HIGHLAND CITY
Parcel ID: 12629-036-010
Property Features
Construction Status: Construction Complete
Zoning: Resid Multi-Family
Appliances: Dishwasher; Disposal; Microwave; Refrigerator; Stove/Oven Electric
Utilities: Electric
Energy: AC - Central Elect; Water Heater - Elect
Bedroom: First
Kitchen: First
Rooms: Bedroom; Great Room; Kitchen
Financing: Conventional
Existing Leases: 0 - 6 Months; 7 - 12 Months
Supplements
convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Great Room | First | 12.3 x 16 | 12.30 | 16.00 | 12.3 x 16 |
| Kitchen | First | 12.3 x 10.8 | 12.30 | 10.80 | 12.3 x 10.8 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 12.2 x 10.2 | 12.20 | 10.20 | 12.2 x 10.2 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 11 | 13.20 | 11.00 | 13.2 x 11 |
| Bedroom | First | 13.2 x 6.2 | 13.20 | 6.20 | 13.2 x 6.2 |
Listing Office: Scenic Sotheby's International Realty
Last Updated: December - 11 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Broker Attribution:
christina.knox@scenicsir.com
