Sold for $54,000

$54,000

1008 CYPRESS AVENUE, PANAMA CITY, FL 32401

2beds

1,798sqft

Single Family Residence

Built in 1960

5,576 Square Feet Lot

$-- Zestimate^®

$30/sqft

$1,386 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,386/mo

Zestimate^® history

Owner options

List your home for rent

$1,386/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,386/mo

Rent Zestimate^®

Refinance and save

$285/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$285/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Functional layoutQuiet street

Investor special in the heart of Panama City! This 2 bedroom, 1 bathroom single-family home offers a prime opportunity for renovation, rental income, or resale. Situated on a quiet street, the property features a functional layout with solid bones and plenty of potential to customize. Ideal for investors or buyers looking to create their own space, this home is being sold as-is and is ready for updates. With the right vision, this fixer-upper could be transformed into a charming primary residence or income-producing property. Conveniently located near downtown, shopping, dining, schools, and local amenities, this property offers both value and upside in a growing area. Panama City continues to see redevelopment and investment, making it attractive for both homeowners and investors. The area offers convenient access to Panama City Beach, Tyndall Air Force Base, and local marinas, while still maintaining a laid-back coastal lifestyle.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Features: Built-in Closet
Level: First

Bedroom 1

Features: Built-in Closet
Level: First

Bathroom 1

Level: First

Kitchen

Level: First

Living room

Level: First

Heating

Central

Cooling

Central Air

Appliances

Included: Refrigerator
Laundry: Laundry Room

Features

Other
Flooring: Cork, Tile, Vinyl
Has fireplace: Yes
Fireplace features: Living Room

Interior area

Total structure area: 1,798
Total interior livable area: 1,798 sqft

Property

Features

Levels: One
Stories: 1
Exterior features: Other

Lot

Size: 5,576 Square Feet

Details

Parcel number: 16966000000
Zoning: RLD 1
Special conditions: None

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Concrete, Stucco
Foundation: Slab
Roof: Metal

Condition

New construction: No
Year built: 1960

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Other

Community & HOA

Community

Pet fee: $0 monthly
Subdivision: BAYOU

HOA

Has HOA: No

Location

Region: Panama City

Financial & listing details

Price per square foot: $30/sqft
Tax assessed value: $83,171
Annual tax amount: $1,638
Date on market: 4/3/2026
Cumulative days on market: 28 days
Ownership: Fee Simple
Total actual rent: 0
Road surface type: Concrete

Price history

Date	Event	Price
5/29/2026	Sold	$54,000-28%$30/sqft
Source: Stellar MLS #TB8493785 Report a problem
5/12/2026	Pending sale	$74,950+1399%$42/sqft
Source: Stellar MLS #TB8493785 Report a problem
5/19/2025	Listing removed	$5,000$3/sqft
Source: GAMLS #10517431 Report a problem
5/8/2025	Listed for sale	$5,000$3/sqft
Source: GAMLS #10517431 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,530 +8%	$75,414 +10%
2023	$1,418 +20.4%	$68,558 +15.8%
2022	$1,177	$59,204
2021	--	--
2020	$683 +61%	$53,095 -0.6%
2019	$424	$53,410 -6.7%
2018	$424 +0.4%	$57,225 +2.1%
2017	$423 +2.4%	$56,048 +2.1%
2016	$413 -2.9%	$54,895 +0.7%
2015	$425	$54,513 +0.8%
2014	$425	$54,080 +11.6%
2013	--	$48,458 -1.3%
2012	--	$49,077 +6.1%
2011	--	$46,260 +1.5%
2010	--	$45,576 +2.7%
2009	--	$44,378 +101.8%
2008	--	$21,989 +3%
2007	--	$21,349 +2.5%
2006	--	$20,828 +3%
2005	--	$20,221 +3%
2004	--	$19,632 +1.9%
2003	--	$19,266 +5.1%
2002	--	$18,326 +1.6%
2001	--	$18,037 -4.4%
2000	--	$18,869