Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.
Sold for $1,400,000
$1,400,000
2729 Carol Ln, Panama City, FL 32405
16beds
7,240sqft
Duplex, Multi Family
Built in 2024
-- sqft lot
$1,396,100 Zestimate®
$193/sqft
$1,593 Estimated rent
Home value
$1,396,100
$1.27M - $1.54M
$1,593/mo
Zestimate® history
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$1,593/mo
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$8,992/mo
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Zillow last checked:
Listing updated:
Listed by:
Christina Knox 850-814-9940,
Scenic Sotheby's International Realty
Bought with:
Christina Knox
Scenic Sotheby's International Realty
Source: CPAR,MLS#: 766313
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
- Full bathrooms: 16
Rooms
- Room types: Bedroom
Bedroom
- Level: First
- Dimensions: 12.2 x 10.2
Bedroom
- Level: First
- Dimensions: 13.2 x 11
Bedroom
- Level: First
- Dimensions: 12.2 x 10.2
Bedroom
- Level: First
- Dimensions: 13.2 x 11
Bedroom
- Level: First
- Dimensions: 12.2 x 10.2
Bedroom
- Level: First
- Dimensions: 12.2 x 10.2
Bedroom
- Level: First
- Dimensions: 13.2 x 11
Bedroom
- Level: First
- Dimensions: 13.2 x 11
Bedroom
- Level: First
- Dimensions: 12.2 x 10.2
Bedroom
- Level: First
- Dimensions: 13.2 x 11
Bedroom
- Level: First
- Dimensions: 12.2 x 102
Bedroom
- Level: First
- Dimensions: 13.2 x 11
Bedroom
- Level: First
- Dimensions: 12.2 x 10.2
Bedroom
- Level: First
- Dimensions: 13.2 x 11
Bedroom
- Level: First
- Dimensions: 12.2 x 10.2
Bedroom
- Level: First
- Dimensions: 13.2 x 11
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Electric Oven, Electric Water Heater
Interior area
- Total structure area: 7,240
- Total interior livable area: 7,240 sqft
Property
Lot
- Size: 1.5 Acres
- Dimensions: 182 x 360
Details
- Parcel number: 12629036010
- Zoning description: Resid Multi-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
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: Yes
- Year built: 2024
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Highland City
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $193/sqft
- Annual tax amount: $848
- Date on market: 12/11/2025
- Cumulative days on market: 429 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Sold | $1,400,000-11.1%$193/sqft |
Source:  CPAR #766313 Report a problem | ||
| 2/23/2026 | Pending sale | $1,575,000$218/sqft |
Source: CPAR #766313 Report a problem | ||
| 12/11/2025 | Price change | $1,575,000-4.5%$218/sqft |
Source: CPAR #766313 Report a problem | ||
| 9/19/2025 | Pending sale | $1,649,000$228/sqft |
Source: CPAR #766313 Report a problem | ||
| 12/18/2024 | Listed for sale | $1,649,000+900%$228/sqft |
Source: CPAR #766313 Report a problem | ||
| 4/10/2023 | Listing removed | $164,900$23/sqft |
Source: CPAR #739525 Report a problem | ||
| 3/31/2023 | Listed for sale | $164,900-1.3%$23/sqft |
Source: CPAR #739525 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/22/2018 | Listing removed | $167,000$23/sqft |
Source: Owner Report a problem | ||
| 8/21/2017 | Listed for sale | $167,000+81.5%$23/sqft |
Source: Owner Report a problem | ||
| 8/17/2015 | Sold | $92,000$13/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Cedar Grove
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Nearby schools
GreatSchools rating
- 3/10Hiland Park Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Mowat Middle SchoolGrades: 6-8Distance: 2.5 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Hiland Park
- Middle: Mowat
- 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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$1,396,100
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$1,424,022
- Florida
- Bay County
- Panama City
- 32405
- Cedar Grove
- 2729 Carol Ln
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