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Sold for $415,000
    • $415,000

    124 E 2nd Pl, Panama City, FL 32401

    4beds
    2,092sqft
    Duplex, Multi Family
    Built in 1941
    -- sqft lot
    $446,300 Zestimate®
    $198/sqft
    $1,545 Estimated rent

    Home value

    $446,300

    $402,000 - $500,000

    $1,545/mo

    Zestimate® history
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    What's special

    Stylish finishesFresh paintAdded parkingViews of the waterIdentical floor planUpdated kitchens and bathroomsSpacious layout
    Charming & Renovated Duplex in Historic Cove - Investment Opportunity! Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential. Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment—all within a 10 minute walk, or biking distance. In 2023, major updates were completed, including new drywall, insulation, electrical, and plumbing. Updates have enhanced both the interior and exterior, with fresh paint, upgraded flooring, updated kitchens and bathrooms, and carefully restored details that highlight the home's character. The property also features thoughtfully designed outdoor spaces, added parking, and stylish finishes throughout. Currently furnished as a vacation rental, this duplex is move-in ready and offers a turnkey investment opportunity. Whether you're looking to generate passive income, or own a piece of Panama City history, this versatile property is a rare find in a prime location. Reach out today to learn more!

    Zillow last checked:

    Listing updated:

    Listed by:

    Kailey J Collison 407-538-9081,

    Realty One Group Emerald Coast

    Bought with:

    Kailey J Collison, SL3590437

    Realty One Group Emerald Coast

    Source: CPAR,MLS#: 768582MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Full Bath, Kitchen, Living Room, Porch
    Bedroom
    • Level: First
    • Dimensions: 13 x 11
    Bedroom
    • Level: First
    • Dimensions: 13 x 10
    Bedroom
    • Level: Second
    • Dimensions: 13 x 11
    Bedroom
    • Level: Second
    • Dimensions: 13 x 10
    Other
    • Level: First
    • Dimensions: 8 x 6
    Other
    • Level: Second
    • Dimensions: 8 x 6
    Kitchen
    • Level: First
    • Dimensions: 11 x 15
    Kitchen
    • Level: Second
    • Dimensions: 11 x 15
    Living room
    • Description: open floor plan
    • Level: First
    • Dimensions: 17.5 x 11
    Living room
    • Level: Second
    • Dimensions: 18 x 11
    Porch
    • Level: Second
    • Dimensions: 11 x 7.5
    Heating
    • Ductless, Electric
    Cooling
    • Ceiling Fan(s), Ductless, Window Unit(s)
    Appliances
    • Included: Electric Cooktop, Electric Oven, Tankless Water Heater
    Interior area
    • Total structure area: 2,092
    • Total interior livable area: 2,092 sqft

    Property

    Parking
    • Parking features: Alley Access
    Features
    • Patio & porch: Balcony, Enclosed, Patio
    • Exterior features: Patio
    • Has view: Yes
    • View description: Bay
    • Has water view: Yes
    • Water view: Bay
    Lot
    • Size: 6,969 Square Feet
    • Dimensions: 50 x 143
    • Features: Paved
    Details
    • Additional structures: Outbuilding
    • Parcel number: 20274000000
    • Zoning description: Resid Single Family
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • HardiPlank Type
    • Foundation: Slab
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1941

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Community
    • Features: Short Term Rental Allowed
    • Subdivision: Harmon Plat
    HOA
    • Has HOA: No
    Location
    • Region: Panama City

    Financial & listing details

    • Price per square foot: $198/sqft
    • Tax assessed value: $397,814
    • Annual tax amount: $6,574
    • Date on market: 3/11/2025
    • Cumulative days on market: 86 days

    Price history

    DateEventPrice
    6/12/2025Sold$415,000-19.4%$198/sqft
    Source: CPAR #768582 Report a problem
    5/26/2025Pending sale$514,900$246/sqft
    Source: CPAR #768582 Report a problem
    4/7/2025Price change$514,900-3.8%$246/sqft
    Source: CPAR #768582 Report a problem
    3/11/2025Listed for sale$535,500$256/sqft
    Source: CPAR #768582 Report a problem
    2/27/2025Listing removed$535,500$256/sqft
    Source: CPAR #768582 Report a problem
    2/14/2025Listed for sale$535,500+29%$256/sqft
    Source: CPAR #768582 Report a problem
    11/8/2022Sold$415,000-5.7%$198/sqft
    Source: CPAR #726781 Report a problem
    10/15/2022Contingent$439,900$210/sqft
    Source: CPAR #726781 Report a problem
    9/9/2022Price change$439,900-6.4%$210/sqft
    Source: CPAR #726781 Report a problem
    8/13/2022Price change$469,900-6%$225/sqft
    Source: CPAR #726781 Report a problem
    7/20/2022Price change$499,900-4.8%$239/sqft
    Source: CPAR #726781 Report a problem
    7/4/2022Listed for sale$524,900+280.4%$251/sqft
    Source: CPAR #726781 Report a problem
    2/4/2019Sold$138,000$66/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,574 +15.3%$369,250 +10%
    2023$5,703 +165.3%$335,682 +179.6%
    2022$2,149 $120,061
    2021-- --
    2020$2,021 +104.1%$112,607 +83.8%
    2019$990 $61,263 +0.8%
    2018$990 +7.6%$60,768 +0.8%
    2017$920 +1.9%$60,273 +1.2%
    2016$903 -0.7%$59,530 +3.2%
    2015$910 $57,705 +0.5%
    2014$910 $57,408 +1.8%
    2013-- $56,418 -1.7%
    2012-- $57,408 -4.1%
    2011-- $59,883 -30.7%
    2010-- $86,372 -0.6%
    2009-- $86,921 -9.1%
    2008-- $95,638 -23.7%
    2007-- $125,355 +24.2%
    2006-- $100,957 +65.2%
    2005-- $61,116 +9.5%
    2004-- $55,796 +10%
    2003-- $50,712 +6.4%
    2002-- $47,663
    2001-- $47,663 +15.8%
    2000-- $41,166
    Find assessor info on the county website

    Neighborhood: 32401

    Nearby homes

    Nearby schools

    GreatSchools rating
    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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