Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation. The building is currently vacant and in need of substantial updates—ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.
For sale
$325,000
11921 Caruso Dr, Panama City, FL 32404
12beds
6,788sqft
Single Family Residence
Built in 1981
0.98 Acres Lot
$-- Zestimate®
$48/sqft
$-- HOA
What's special
- 473 days
- 483
- 33
Zillow last checked:
Listing updated:
Listed by:
Daniel P McCall 850-625-8413,
Counts Real Estate Group Inc
Source: CPAR,MLS#: 773347
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 5
- Full bathrooms: 5
Rooms
- Room types: Bedroom
Bedroom
- Level: First
- Dimensions: 10 x 12
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Heating
- Central
Cooling
- Central Air
Features
- Handicap Access
Interior area
- Total structure area: 6,788
- Total interior livable area: 6,788 sqft
Property
Accessibility
- Accessibility features: Accessible Bedroom, Accessible Common Area, Accessible Closets, Accessible Central Living Area, Accessible Approach with Ramp, Accessible Doors
Features
- Levels: One
- Stories: 1
- Pool features: Other, See Remarks
Lot
- Size: 0.98 Acres
- Dimensions: 150 x 150 x 285
Details
- Parcel number: 07399446000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $48/sqft
- Tax assessed value: $112,192
- Annual tax amount: $1,585
- Date on market: 11/3/2025
- Cumulative days on market: 538 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$2,687/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2025 | Listed for sale | $325,000$48/sqft |
Source:  CPAR #773347 Report a problem | ||
| 4/23/2025 | Listing removed | $325,000$48/sqft |
Source: CPAR #765706 Report a problem | ||
| 12/2/2024 | Listed for sale | $325,000$48/sqft |
Source: CPAR #765706 Report a problem | ||
| 10/6/2024 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/7/2024 | Listed for sale | $325,000$48/sqft |
Source: Owner Report a problem | ||
| 3/1/2024 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/28/2023 | Listed for sale | $325,000+140.7%$48/sqft |
Source: Owner Report a problem | ||
| 11/6/2023 | Sold | $135,000-20.5%$20/sqft |
Source: CPAR #745761 Report a problem | ||
| 10/12/2023 | Contingent | $169,900$25/sqft |
Source: CPAR #745761 Report a problem | ||
| 8/26/2023 | Listed for sale | $169,900+413.3%$25/sqft |
Source: CPAR #745761 Report a problem | ||
| 1/22/2020 | Sold | $33,100-92.5%$5/sqft |
Source: Public Record Report a problem | ||
| 2/27/2009 | Sold | $439,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,585 +60.2% | $112,192 +77.9% |
| 2023 | $990 +7.1% | $63,056 +0.6% |
| 2022 | $924 | $62,711 |
| 2021 | -- | -- |
| 2020 | $3,291 -7.9% | $78,661 -23% |
| 2019 | $3,572 | $102,166 -36.8% |
| 2018 | $3,572 -17.2% | $161,617 -12.7% |
| 2017 | $4,313 -7% | $185,122 |
| 2016 | $4,640 -2.3% | $185,122 +1.5% |
| 2015 | $4,748 | $182,325 |
| 2014 | $4,748 | $182,325 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 32404
Nearby schools
Schools provided by the listing agent
- Elementary: Callaway
- Middle: Rutherford Middle
- High: Rutherford
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
