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New construction
    • Price cut: $25K (8/25)
    $760,000

    1421 Martin Luther King Junior Blvd #A-d, Panama City, FL 32401

    8beds
    4,028sqft
    : 
    $4,879/mo
    Get pre-qualified
    Quadruplex, Multi Family
    Built in 2026
    -- sqft lot
    $751,700 Zestimate®
    $189/sqft
    $-- HOA

    What's special

    Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.
    122 days
    320
    37

    Zillow last checked:

    Listing updated:

    Listed by:

    James Cameron 770-560-6344,

    JC Real Estate Group, LLC.

    Source: CPAR,MLS#: 789241MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 12
      • Full bathrooms: 8
      • 1/2 bathrooms: 4
      Rooms
      • Room types: Bedroom
      Bedroom
      • Level: Second
      • Dimensions: 10 x 13
      Bedroom
      • Level: Second
      • Dimensions: 10 x 13
      Bedroom
      • Level: Second
      • Dimensions: 10 x 13
      Bedroom
      • Level: Second
      • Dimensions: 10 x 13
      Bedroom
      • Level: Second
      • Dimensions: 13 x 14
      Bedroom
      • Level: Second
      • Dimensions: 13 x 14
      Bedroom
      • Level: Second
      • Dimensions: 13 x 14
      Bedroom
      • Level: Second
      • Dimensions: 13 x 14
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Oven, Electric Range, Ice Maker
      Features
      • Walk-In Closet(s)
      Interior area
      • Total structure area: 4,028
      • Total interior livable area: 4,028 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Garage, Garage Door Opener
      • Garage spaces: 4
      Lot
      • Size: 7,840 Square Feet
      • Dimensions: 106 x 80
      • Features: Paved
      Details
      • Parcel number: 17553030000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • HardiPlank Type
      • Foundation: Slab
      • Roof: Metal
      Condition
      • New construction: Yes
      • Year built: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Available, High Speed Internet Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Security: Fire Alarm
      • Subdivision: Long Point Park 1st Add
      HOA
      • Has HOA: No
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $189/sqft
      • Date on market: 5/1/2026
      • Cumulative days on market: 128 days
      • Electric utility on property: Yes

        Estimated market value

        $751,700

        $714,000 - $789,000

        $1,542/mo

        Price history

        DateEventPrice
        8/25/2026Price change$760,000-3.2%$189/sqft
        Source: CPAR #789241 Report a problem
        7/31/2026Price change$785,000-1.8%$195/sqft
        Source: CPAR #789241 Report a problem
        5/22/2026Price change$799,000-2.3%$198/sqft
        Source: CPAR #789241 Report a problem
        5/1/2026Listed for sale$818,000$203/sqft
        Source: CPAR #789241 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 32401

        Getting around

        52 / 100
        Somewhat Walkable
        31 / 100
        Some Transit
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Northside
        • 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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