INVESTOR SPECIAL - 2 DOORS, 1 PRICE, HUGE UPSIDE This Panama City property is a true value-add opportunity with multi-income potential. Sitting on a multi-family lot, you'll find a fully functional 3BR/2BA main home that's rent-ready—plus two additional detached structures to be converted into a separate living with a great workshop or storage area. Whether you're building out a rental portfolio or looking for a project with strong equity upside, this setup delivers. The main house features original hardwood floors, paneled walls, a tiled master bath, and all major appliances already in place. Solid bones and city utilities make renovation straightforward. Located in-town and minutes to shopping, schools, and employers, this is an ideal location for long-term tenants. Live in one, rent the other, or bring in steady cash flow from both. Two units. One lot. Endless potential.
Sold for $195,000
$195,000
336 N Gray Ave, Panama City, FL 32401
3beds
2,574sqft
Single Family Residence
Built in 1945
0.27 Acres Lot
$225,500 Zestimate®
$76/sqft
$2,105 Estimated rent
Home value
$225,500
$187,000 - $262,000
$2,105/mo
Zestimate® history
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$1,330/mo
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Zillow last checked:
Listing updated:
Listed by:
Kaye Haddock 850-299-0086,
Beach Properties Real Estate
Bought with:
Melissa A Haworth, SL3481018
EXP Realty LLC
Source: CPAR,MLS#: 777578
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Family Room, Full Bath, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 14 x 11
Bedroom
- Level: Second
- Dimensions: 15 x 13
Bedroom
- Level: Second
- Dimensions: 12 x 11
Bedroom
- Level: First
- Dimensions: 13 x 9
Family room
- Level: First
- Dimensions: 17 x 15
Other
- Level: First
- Dimensions: 8 x 5
Other
- Level: Second
- Dimensions: 16 x 10
Kitchen
- Level: First
- Dimensions: 16 x 15
Living room
- Level: First
- Dimensions: 24 x 15
Heating
- Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Electric Range
Interior area
- Total structure area: 2,574
- Total interior livable area: 2,574 sqft
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open, Porch
Lot
- Size: 0.27 Acres
- Dimensions: 85 x 140
- Features: Paved
Details
- Additional structures: Other
- Parcel number: 22605000000
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, 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: $76/sqft
- Tax assessed value: $135,548
- Annual tax amount: $1,918
- Date on market: 8/13/2025
- Cumulative days on market: 41 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Listing removed | $1,700$1/sqft |
Source: eXp Realty #990212 Report a problem | ||
| 1/26/2026 | Listed for rent | $1,700+30.8%$1/sqft |
Source: eXp Realty #990212 Report a problem | ||
| 1/19/2026 | Listing removed | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/11/2026 | Price change | $1,300-16.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/1/2025 | Listed for rent | $1,550$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/27/2025 | Sold | $195,000-6.7%$76/sqft |
Source:  CPAR #777578 Report a problem | ||
| 9/24/2025 | Pending sale | $209,000+2.5%$81/sqft |
Source: CPAR #777578 Report a problem | ||
| 9/24/2025 | Contingent | $204,000$79/sqft |
Source:  Forgotten Coast Realtor Association #322278 Report a problem | ||
| 9/10/2025 | Price change | $204,000-2.4%$79/sqft |
Source: Forgotten Coast Realtor Association #322278 Report a problem | ||
| 8/12/2025 | Price change | $209,000-2.3%$81/sqft |
Source: Forgotten Coast Realtor Association #322278 Report a problem | ||
| 7/17/2025 | Price change | $214,000-4.5%$83/sqft |
Source: Forgotten Coast Realtor Association #322278 Report a problem | ||
| 6/16/2025 | Listed for sale | $224,000-1.3%$87/sqft |
Source: Forgotten Coast Realtor Association #322278 Report a problem | ||
| 8/1/2024 | Listing removed | -- |
Source: CPAR #751754 Report a problem | ||
| 6/5/2024 | Listed for sale | $227,000$88/sqft |
Source: CPAR #751754 Report a problem | ||
| 5/8/2024 | Contingent | $227,000$88/sqft |
Source: CPAR #751754 Report a problem | ||
| 4/19/2024 | Listed for sale | $227,000-0.9%$88/sqft |
Source: CPAR #751754 Report a problem | ||
| 4/8/2024 | Contingent | $229,000$89/sqft |
Source: CPAR #751754 Report a problem | ||
| 3/27/2024 | Listed for sale | $229,000$89/sqft |
Source: CPAR #751754 Report a problem | ||
| 2/23/2024 | Contingent | $229,000$89/sqft |
Source: CPAR #751754 Report a problem | ||
| 1/24/2024 | Listed for sale | $229,000+76.2%$89/sqft |
Source: CPAR #751754 Report a problem | ||
| 1/6/2020 | Listing removed | $130,000$51/sqft |
Source: CENTURY 21 Ryan Realty #686232 Report a problem | ||
| 11/20/2019 | Listed for sale | $130,000$51/sqft |
Source: CENTURY 21 Ryan Realty #686232 Report a problem | ||
| 10/11/2019 | Listing removed | $130,000$51/sqft |
Source: CENTURY 21 Ryan Realty #686232 Report a problem | ||
| 7/20/2019 | Listed for sale | $130,000+73.3%$51/sqft |
Source: CENTURY 21 Ryan Realty #686232 Report a problem | ||
| 5/12/2016 | Sold | $75,000$29/sqft |
Source: CPAR #637539 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,918 +24.3% | $57,196 +10% |
| 2023 | $1,543 +34.8% | $51,996 +10% |
| 2022 | $1,145 | $47,269 |
| 2021 | -- | -- |
| 2020 | $849 +14.5% | $33,680 -26.6% |
| 2019 | $741 | $45,863 -31.4% |
| 2018 | $741 +30.6% | $66,839 +0.1% |
| 2017 | $568 +0.8% | $66,789 -24.7% |
| 2016 | $563 -49% | $88,668 -0.8% |
| 2015 | $1,103 | $89,339 -2.7% |
| 2014 | $1,103 | $91,773 -1.8% |
| 2013 | -- | $93,414 |
| 2012 | -- | $93,414 -8.1% |
| 2011 | -- | $101,597 -1.7% |
| 2010 | -- | $103,363 +2.7% |
| 2009 | -- | $100,645 -8.2% |
| 2008 | -- | $109,633 +2.1% |
| 2007 | -- | $107,359 +14.2% |
| 2006 | -- | $94,020 +26.7% |
| 2005 | -- | $74,193 +15.7% |
| 2004 | -- | $64,130 +11.7% |
| 2003 | -- | $57,407 +10.1% |
| 2002 | -- | $52,134 +13.1% |
| 2000 | -- | $46,081 |
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: 1.3 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 2.7 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 2.3 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
- 336 N Gray Ave
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