'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Discover this 3-bedroom, 1-bath home nestled in the heart of Panama City's historic Cove neighborhood. Offering timeless charm and strong rental potential with an estimated long-term income of approximately $24,000 per year, this property is perfect for investors or homeowners alike. Features include a metal roof installed in 2016, a brand-new HVAC system installed in April 2025, and a privacy-fenced backyard. Just a half-block from the water's edge and within walking distance to Downtown Panama City's shops, restaurants, and the farmers market, this home blends comfort, convenience, and character. Experience the storybook appeal and unbeatable location of The Cove—where history, community, and opportunity meet.
Sold for $235,000
$235,000
243 Allen Ave, Panama City, FL 32401
3beds
1,015sqft
Single Family Residence
Built in 1948
7,840 Square Feet Lot
$233,900 Zestimate®
$232/sqft
$1,616 Estimated rent
Home value
$233,900
$213,000 - $257,000
$1,616/mo
Zestimate® history
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List your homeWhat's special
Metal roofBrand-new hvac systemPrivacy-fenced backyard
Zillow last checked:
Listing updated:
Listed by:
Kurt Fadden 321-890-5364,
Legacy Premier Agency
Bought with:
Lindsey A Morrissey-Lanier, SL3517268
Think Real Estate
Source: CPAR,MLS#: 780782
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom, Living Room, Primary Bedroom, Sitting Room
Primary bedroom
- Level: First
- Dimensions: 11.4 x 9.1
Bedroom
- Level: First
- Dimensions: 12.8 x 9.3
Living room
- Level: First
- Dimensions: 15.5 x 16.4
Sitting room
- Level: First
- Dimensions: 6.6 x 10.1
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Oven, Electric Water Heater
Interior area
- Total structure area: 1,015
- Total interior livable area: 1,015 sqft
Property
Features
- Patio & porch: Patio
- Exterior features: Patio
- Fencing: Partial,Privacy
Lot
- Size: 7,840 Square Feet
- Dimensions: 60 x 132
- Features: Paved
Details
- Parcel number: 20184000000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $232/sqft
- Tax assessed value: $173,643
- Annual tax amount: $2,914
- Date on market: 10/23/2025
- Cumulative days on market: 19 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Sold | $235,000-4.1%$232/sqft |
Source:  CPAR #780782 Report a problem | ||
| 11/12/2025 | Pending sale | $245,000$241/sqft |
Source: CPAR #780782 Report a problem | ||
| 10/31/2025 | Price change | $245,000-3.9%$241/sqft |
Source: CPAR #780782 Report a problem | ||
| 10/23/2025 | Listed for sale | $255,000+4.1%$251/sqft |
Source: CPAR #780782 Report a problem | ||
| 10/20/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/3/2025 | Price change | $245,000+2.5%$241/sqft |
Source: Owner Report a problem | ||
| 9/30/2025 | Listed for sale | $239,000-2.4%$235/sqft |
Source: Owner Report a problem | ||
| 9/19/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/6/2025 | Listed for sale | $245,000$241/sqft |
Source: Owner Report a problem | ||
| 8/18/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/13/2025 | Listed for sale | $245,000+4.3%$241/sqft |
Source: Owner Report a problem | ||
| 7/12/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/12/2025 | Listed for sale | $235,000+13%$232/sqft |
Source: Owner Report a problem | ||
| 7/15/2024 | Sold | $208,000-9.6%$205/sqft |
Source: CPAR #755831 Report a problem | ||
| 6/21/2024 | Pending sale | $230,000$227/sqft |
Source: CPAR #755831 Report a problem | ||
| 5/16/2024 | Price change | $230,000-3.2%$227/sqft |
Source: CPAR #755831 Report a problem | ||
| 4/17/2024 | Listed for sale | $237,500+48.4%$234/sqft |
Source: CPAR #755831 Report a problem | ||
| 9/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/30/2023 | Listed for rent | $1,695$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/16/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 7/20/2022 | Listed for rent | $1,695$2/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 4/1/2019 | Sold | $160,000+0.1%$158/sqft |
Source: Public Record Report a problem | ||
| 2/22/2019 | Listed for sale | $159,900+166.5%$158/sqft |
Source: Keller Williams Success Realty #680625 Report a problem | ||
| 12/9/2015 | Sold | $60,000-14.2%$59/sqft |
Source: Public Record Report a problem | ||
| 7/30/2013 | Listing removed | $69,900$69/sqft |
Source: Direct Realty of Bay County, Inc. #609028 Report a problem | ||
| 7/15/2013 | Price change | $69,900-11.5%$69/sqft |
Source: Direct Realty of Bay County, Inc. #609028 Report a problem | ||
| 5/10/2013 | Listed for sale | $79,000$78/sqft |
Source: Direct Realty of Bay County, Inc. #609028 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,914 +7.4% | $161,783 +10% |
| 2023 | $2,713 +51.8% | $147,075 +9.1% |
| 2022 | $1,787 | $134,853 |
| 2021 | -- | -- |
| 2020 | $1,668 +309% | $132,007 +160.7% |
| 2019 | $408 | $50,630 -4.2% |
| 2018 | $408 +3% | $52,832 +0.4% |
| 2017 | $396 +1.2% | $52,618 +1.4% |
| 2016 | $391 -44% | $51,872 +17.2% |
| 2015 | $698 | $44,275 +0.8% |
| 2014 | $698 | $43,930 -5.9% |
| 2013 | -- | $46,691 -2.4% |
| 2012 | -- | $47,843 -6.8% |
| 2011 | -- | $51,323 -8.7% |
| 2010 | -- | $56,232 -1.4% |
| 2009 | -- | $57,021 -14% |
| 2008 | -- | $66,342 -34.6% |
| 2007 | -- | $101,490 +41.8% |
| 2006 | -- | $71,559 +102.7% |
| 2005 | -- | $35,309 +33.7% |
| 2004 | -- | $26,406 +8.3% |
| 2003 | -- | $24,380 +5.2% |
| 2002 | -- | $23,165 |
| 2001 | -- | $23,165 +4.3% |
| 2000 | -- | $22,212 |
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: 0.6 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 1.5 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 1.4 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
- 243 Allen Ave
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