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Sold for $450,000
    • $450,000

    2816 N Panama Ave, Panama City, FL 32405

    5beds
    2,240sqft
    Duplex, Multi Family
    Built in 1977
    -- sqft lot
    $447,000 Zestimate®
    $201/sqft
    $2,022 Estimated rent

    Home value

    $447,000

    $416,000 - $483,000

    $2,022/mo

    Zestimate® history
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    What's special

    Income-Producing Duplex with Pool - Fully Renovated & Short-Term Rental Ready! Airbnb Gross Earnings $70,118.20 in 2024 and Airbnb Gross Earnings in 2025 is already at $64,247.38 (through end of July)! Welcome to your next investment! This beautifully renovated property features two fully equipped units, each with private laundry and modern upgrades throughout. Unit A offers 3 bedrooms, 2 bathrooms, and a private in-ground pool--a guest favorite. Unit B features 2 bedrooms and 2 bathrooms, plus a massive fenced backyard with endless potential--add a putting green, playground, firepit, or outdoor lounge space to increase rental appeal and income.Both units boast stylish white cabinetry, granite countertops, and durable tile plank flooring, creating a clean and cohesive look. Detached laundry rooms for each unit are conveniently located in the backyard. Whether you're looking to house hack, short-term rent, or add to your portfolio, this property delivers strong income potential in a desirable location!

    Zillow last checked:

    Listing updated:

    Listed by:

    Morgan Benton 850-851-5508,

    EXP Realty LLC

    Bought with:

    Michelle Rydeski, SL3389739

    LPT Realty LLC

    Source: CPAR,MLS#: 775132MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Rooms
    • Room types: Bedroom, Primary Bedroom
    Primary bedroom
    • Description: Buyer to verify
    • Level: First
    • Dimensions: 10 x 12
    Primary bedroom
    • Description: Buyer to verify
    • Level: First
    • Dimensions: 11 x 11
    Bedroom
    • Description: Buyer to verify
    • Level: First
    • Dimensions: 10 x 10
    Bedroom
    • Description: Buyer to verify
    • Level: First
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Dimensions: 10 x 10
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Electric Oven
    Interior area
    • Total structure area: 2,240
    • Total interior livable area: 2,240 sqft

    Property

    Features
    • Has private pool: Yes
    • Pool features: In Ground, Private
    • Fencing: Fenced,Privacy
    Lot
    • Size: 0.43 Acres
    • Dimensions: 150 x 125
    • Features: Paved
    Details
    • Parcel number: 12209010000
    • Zoning description: City
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1977

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected, Electricity Available

    Community & HOA

    Community
    • Features: Short Term Rental Allowed
    • Subdivision: Sheffields 3rd Add
    HOA
    • Has HOA: No
    Location
    • Region: Panama City

    Financial & listing details

    • Price per square foot: $201/sqft
    • Tax assessed value: $371,499
    • Annual tax amount: $4,668
    • Date on market: 8/29/2025
    • Cumulative days on market: 43 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    8/29/2025Sold$450,000$201/sqft
    Source: CPAR #775132 Report a problem
    8/7/2025Pending sale$450,000$201/sqft
    Source: CPAR #775132 Report a problem
    8/1/2025Price change$450,000-5.3%$201/sqft
    Source: CPAR #775132 Report a problem
    6/19/2025Listed for sale$475,000+6.7%$212/sqft
    Source: CPAR #775132 Report a problem
    8/1/2023Sold$445,000-4.3%$199/sqft
    Source: Public Record Report a problem
    6/10/2023Pending sale$465,000$208/sqft
    Source: CPAR #739712 Report a problem
    6/9/2023Contingent$465,000$208/sqft
    Source: CPAR #739712 Report a problem
    5/4/2023Price change$465,000-4.9%$208/sqft
    Source: CPAR #739712 Report a problem
    4/27/2023Listed for sale$489,000$218/sqft
    Source: CPAR #739712 Report a problem
    4/8/2023Pending sale$489,000$218/sqft
    Source: CPAR #739712 Report a problem
    4/5/2023Listed for sale$489,000+71.6%$218/sqft
    Source: CPAR #739712 Report a problem
    3/16/2022Sold$285,000-14.9%$127/sqft
    Source: CPAR #717009 Report a problem
    12/13/2021Contingent$335,000$150/sqft
    Source: CPAR #717009 Report a problem
    11/30/2021Listed for sale$335,000$150/sqft
    Source: CPAR #717009 Report a problem
    10/15/2021Contingent$335,000$150/sqft
    Source: CPAR #717009 Report a problem
    9/20/2021Listed for sale$335,000+97.1%$150/sqft
    Source: CPAR #717009 Report a problem
    1/2/2020Sold$170,000-12.8%$76/sqft
    Source: Public Record Report a problem
    12/4/2019Price change$195,000-23.5%$87/sqft
    Source: Relax Real Estate LLC #691464 Report a problem
    10/16/2019Price change$255,000-11.8%$114/sqft
    Source: Beachy Beach Inc #688059 Report a problem
    9/5/2019Listed for sale$289,000$129/sqft
    Source: Beachy Beach Inc #688059 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,668 +49.2%$371,499 +52.6%
    2023$3,128 +96%$243,436 +40.9%
    2022$1,596 $172,827
    2021-- --
    2020$1,896 +122.8%$154,501 +140.4%
    2019$851 $64,279 -18.4%
    2018$851 -18%$78,745 -3.9%
    2017$1,038 $81,915 -9.4%
    2016-- $90,449 -3.3%
    2015-- $93,561 -3.2%
    2014-- $96,672 -5.5%
    2013-- $102,259 +0.6%
    2012-- $101,599 -15.9%
    2011-- $120,857 -7.7%
    2010-- $130,898 -13.3%
    2009-- $151,036 -10.3%
    2008-- $168,376 -3.1%
    2007-- $173,842 +14.7%
    2006-- $151,581 +29.3%
    2005-- $117,240 +12.9%
    2004-- $103,811
    2003-- $103,811 +3.8%
    2002-- $100,055
    2001-- $100,055 +14.1%
    2000-- $87,683
    Find assessor info on the county website

    Neighborhood: Cedar Grove

    Nearby homes

    Nearby schools

    GreatSchools rating
    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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