Welcome to this charming, newly renovated bungalow by the bay, offering beautiful water views right from the front of the home. Nestled on a picturesque, oak-lined street draped in classic Spanish moss, 1729 Palmetto Ave combines coastal serenity with everyday convenience--just minutes from Gulf Coast Community College, FSU, and local favorite Papa Joe's.
This inviting two-bedroom home is perfect for first-time buyers or savvy investors seeking short-term or long-term rental opportunities. Enjoy easy access to the bay just steps away--ideal for fishing, kayaking, or simply soaking in the waterfront lifestyle.
Completely remodeled in 2026, the home features all-new electrical, premium luxury vinyl plank flooring, a brand-new HVAC system with a 10-year warranty, a durable metal roof, and low-maintenance vinyl siding.
Additional highlights include a wired utility building with its own hot water heater for extra storage or workspace, and a spacious new 20 x 14 back deck--perfect for entertaining family and friends.
Offered fully furnished, this move-in-ready home also comes with a $500 seller credit for buyers.
For sale
Price cut: $29K (8/8)
$249,500
1729 Palmetto Ave, Panama City, FL 32401
2beds
792sqft
Single Family Residence
Built in 1942
6,534 Square Feet Lot
$-- Zestimate®
$315/sqft
$-- HOA
What's special
Inviting two-bedroom homeDurable metal roofLow-maintenance vinyl sidingAll-new electrical
- 161 days |
- 323 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Phillip E Smith 850-775-7889,
The Premier Property Group
Source: CPAR,MLS#: 786996
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom, Patio
Primary bedroom
- Description: Primary en suite
- Level: First
- Dimensions: 12 x 9
Bedroom
- Description: Guest bedroom
- Level: First
- Dimensions: 10 x 10
Dining room
- Level: First
- Dimensions: 11 x 7
Kitchen
- Level: First
- Dimensions: 8.5 x 6
Living room
- Level: First
- Dimensions: 15 x 11.5
Patio
- Description: Brand new
- Level: First
- Dimensions: 20 x 14
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Electric Oven
Features
- Main Level Primary
Interior area
- Total structure area: 792
- Total interior livable area: 792 sqft
Property
Features
- Patio & porch: Deck, Covered, Porch
- Exterior features: Deck
- Fencing: Fenced
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
Lot
- Size: 6,534 Square Feet
- Dimensions: 50 x 132
- Features: Paved
Details
- Additional structures: Shed(s), Workshop
- Parcel number: 28294000000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Bayview Heights
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $315/sqft
- Tax assessed value: $67,807
- Annual tax amount: $1,391
- Date on market: 3/18/2026
- Cumulative days on market: 162 days
- Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,683/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2026 | Price change | $249,500-10.4%$315/sqft |
Source: | ||
| 3/18/2026 | Listed for sale | $278,500+152.5%$352/sqft |
Source: | ||
| 3/1/2026 | Listing removed | $1,650$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/24/2026 | Listed for rent | $1,650$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/8/2026 | Listing removed | $1,650$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Price change | $1,650-30.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/9/2025 | Listed for rent | $2,380$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/10/2025 | Sold | $110,300+267.7%$139/sqft |
Source: Public Record Report a problem | ||
| 5/19/2025 | Listed for sale | $30,000-75.8%$38/sqft |
Source: | ||
| 4/14/2008 | Sold | $124,000-0.7%$157/sqft |
Source: Public Record Report a problem | ||
| 2/1/2008 | Listed for sale | $124,900+38.9%$158/sqft |
Source: NCI #372339 Report a problem | ||
| 9/13/2004 | Sold | $89,900$114/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,306 +20.5% | $61,738 +20.1% |
| 2023 | $1,083 +12.5% | $51,426 +10% |
| 2022 | $963 | $46,751 |
| 2021 | -- | -- |
| 2020 | $985 +27.9% | $47,002 -1.4% |
| 2019 | $771 | $47,676 -15.8% |
| 2018 | $771 -10.1% | $56,629 -1.5% |
| 2017 | $857 -0.5% | $57,480 -1.2% |
| 2016 | $861 -7.1% | $58,157 -1.2% |
| 2015 | $928 | $58,834 -1.1% |
| 2014 | $928 | $59,512 -11.2% |
| 2013 | -- | $66,994 |
| 2012 | -- | $66,994 -6.3% |
| 2011 | -- | $71,503 -2.6% |
| 2010 | -- | $73,398 -21.5% |
| 2009 | -- | $93,532 +14.9% |
| 2008 | -- | $81,412 -11.4% |
| 2007 | -- | $91,838 +10.3% |
| 2006 | -- | $83,292 +27% |
| 2005 | -- | $65,568 +67.2% |
| 2004 | -- | $39,220 +7.5% |
| 2003 | -- | $36,482 +4.7% |
| 2002 | -- | $34,840 |
| 2001 | -- | $34,840 +7% |
| 2000 | -- | $32,572 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32401
Nearby schools
GreatSchools rating
- 4/10Lucille Moore Elementary SchoolGrades: PK-5Distance: 1 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 3.4 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Lucille Moore
- 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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