'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Located in The Cove on a quiet street, this 4-bedroom home includes alley access, and natural gas.
Welcome to 111 N Gayle Ave in The Cove--one of Panama City's most loved and established in-town neighborhoods--known for its charming streets, mature oak canopy, and timeless character. Tucked away on a quiet street, this 4-bedroom, 2-bath home offers 1,744 sq ft with a comfortable, flexible layout ideal for everyday living, guests, or a home office setup. Alley access and a single-car garage add convenience and functionality rarely found in this area.
You'll appreciate the efficiency and comfort of natural gas, including heat, stove, and a tankless water heater for on-demand hot water. Perfectly positioned near the heart of town, the home is just minutes from downtown Panama City's dining, marina, and waterfront attractions. Its close proximity to Ascension Sacred Heart Hospital makes this location especially appealing for medical professionals or those seeking potential rental flexibility.
Centrally located, the property offers easy access to Tyndall Air Force Base to the east, the Navy Base to the west, and is close enough to Panama City Beach for a day trip to the Gulf. Set within a golf-cart-friendly community, residents enjoy convenient rides to downtown restaurants, local shops, marina areas, and nearby waterfront amenities.
Don't miss your opportunity--schedule your showing today with your favorite Realtor!
Sold for $305,000
$305,000
111 N Gayle Ave, Panama City, FL 32401
4beds
1,744sqft
Single Family Residence
Built in 1958
10,454 Square Feet Lot
$304,200 Zestimate®
$175/sqft
$2,500 Estimated rent
Home value
$304,200
$280,000 - $332,000
$2,500/mo
Zestimate® history
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List your homeWhat's special
Alley accessSingle-car garageMature oak canopyQuiet streetCharming streets
Zillow last checked:
Listing updated:
Listed by:
Carole Lea Gilman 850-814-6090,
Keller Williams Realty Emerald
Bought with:
Non Member
NON-MEMBER OFFICE
Source: CPAR,MLS#: 785597
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Den, Kitchen, Laundry, Primary Bathroom, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 17 x 14
Bedroom
- Level: First
- Dimensions: 10 x 15
Bedroom
- Level: First
- Dimensions: 10 x 14.5
Bedroom
- Level: First
- Dimensions: 12 x 11
Primary bathroom
- Level: First
- Dimensions: 8 x 5
Den
- Level: First
- Dimensions: 12 x 30
Kitchen
- Description: Kitchen/Dining Room
- Level: First
- Dimensions: 29 x 11
Laundry
- Level: First
- Dimensions: 10 x 7
Heating
- Central, Ductless, Natural Gas
Cooling
- Central Air, Ceiling Fan(s), Ductless
Appliances
- Included: Electric Range, Tankless Water Heater
Interior area
- Total structure area: 1,744
- Total interior livable area: 1,744 sqft
Property
Parking
- Total spaces: 1
- Parking features: Alley Access
- Garage spaces: 1
Features
- Stories: 1
- Patio & porch: Covered, Porch
- Fencing: Chain Link
Lot
- Size: 10,454 Square Feet
- Dimensions: 75 x 140
Details
- Parcel number: 21790000000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Stone, Stucco, Wood Frame
- Roof: Shingle
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Security: Smoke Detector(s)
- Subdivision: Cove Terrace
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $175/sqft
- Tax assessed value: $156,494
- Annual tax amount: $678
- Date on market: 2/21/2026
- Cumulative days on market: 53 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Sold | $305,000-1.6%$175/sqft |
Source:  CPAR #785597 Report a problem | ||
| 4/15/2026 | Pending sale | $309,900$178/sqft |
Source: CPAR #785597 Report a problem | ||
| 3/16/2026 | Price change | $309,900-3.1%$178/sqft |
Source: CPAR #785597 Report a problem | ||
| 3/4/2026 | Price change | $319,900-3%$183/sqft |
Source: CPAR #785597 Report a problem | ||
| 2/21/2026 | Listed for sale | $329,900+144.4%$189/sqft |
Source: CPAR #785597 Report a problem | ||
| 5/22/2025 | Sold | $135,000-22.9%$77/sqft |
Source: Public Record Report a problem | ||
| 2/12/2025 | Pending sale | $175,000$100/sqft |
Source: Owner Report a problem | ||
| 2/10/2025 | Listed for sale | $175,000$100/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $678 -12.9% | $75,054 +3% |
| 2023 | $778 -6.6% | $72,868 +3% |
| 2022 | $834 | $70,746 |
| 2021 | -- | -- |
| 2020 | $756 +49.3% | $64,529 -4% |
| 2019 | $506 | $67,207 +1.9% |
| 2018 | $506 | $65,954 +2.1% |
| 2017 | -- | $64,597 +2.1% |
| 2016 | -- | $63,268 +0.7% |
| 2015 | -- | $62,828 +0.8% |
| 2014 | -- | $62,329 +1.5% |
| 2013 | -- | $61,408 -1.3% |
| 2012 | -- | $62,193 +6.1% |
| 2011 | -- | $58,623 +1.5% |
| 2010 | -- | $57,757 +2.7% |
| 2009 | -- | $56,239 +0.1% |
| 2008 | -- | $56,183 +3% |
| 2007 | -- | $54,546 +2.5% |
| 2006 | -- | $53,216 +3% |
| 2005 | -- | $51,666 +3% |
| 2004 | -- | $50,161 +1.9% |
| 2003 | -- | $49,226 +2.4% |
| 2002 | -- | $48,072 +3.7% |
| 2001 | -- | $46,370 +0.8% |
| 2000 | -- | $46,024 |
Find assessor info on the county website
Neighborhood: 32401
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Nearby schools
GreatSchools rating
- 5/10Merriam Cherry Street Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 2.2 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Cherry Street
- Middle: Jinks
- High: Bay
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Bay County
- Panama City
- 32401
- 111 N Gayle Ave
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