Remarkable opportunity for investors, first-time homebuyers, or anyone looking for an affordable property with flexibility and proven rental appeal. This charming home has previously been used as an Airbnb and has hosted military families in transition, buyers waiting on delayed closings, and guests needing an affordable place to stay with room for both family and belongings.
Located directly across from Springfield Community Park and close to Tyndall Air Force Base, this property offers convenience, comfort, and income potential. It is also less than 30 minutes from Panama City Beach, making it a smart option for a short-term rental, long-term rental, or primary residence.
As you enter the home, you are welcomed by a great enclosed front porch with glass doors leading into the living room. The kitchen is compact yet functional and features newer stainless steel appliances. The main level offers two bedrooms, while the upstairs bedroom includes its own bathroom with a spacious granite countertop, plus a private balcony perfect for enjoying the evening breeze.
The interior walls and trim have been freshly painted, and the exterior painting has just been completed. New light fixtures have also been added. Carpets will need replacing, and the roof was replaced in 2019. The spacious backyard includes a storage building and firepit area, ideal for relaxing, entertaining, or roasting marshmallows.
Whether you are looking for an affordable starter home, a long-term rental, or an Airbnb-style investment property with rental history available, 403 Transmitter Road is a property worth considering Seller is seeking cash, conventional financing, or special investor financing such as DSCR loan options where applicable.
For sale
Price cut: $900 (6/13)
$199,000
403 Transmitter Rd, Panama City, FL 32401
3beds
1,524sqft
Single Family Residence
Built in 1978
7,405 Square Feet Lot
$197,300 Zestimate®
$131/sqft
$-- HOA
What's special
New light fixturesSpacious granite countertopStorage buildingSpacious backyardNewer stainless steel appliances
- 28 days |
- 3,025 |
- 109 |
Zillow last checked:
Listing updated:
Listed by:
Kerry J Jackson 850-960-8646,
LPT Realty LLC
Source: CPAR,MLS#: 790067
Originating MLS: Central Panhandle Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 15 x 12
Bedroom
- Level: First
- Dimensions: 15 x 10
Bedroom
- Level: Second
- Dimensions: 11 x 10
Living room
- Dimensions: 18 x 12
Heating
- Central, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Electric Range
Features
- Main Level Primary
- Has fireplace: Yes
Interior area
- Total structure area: 1,524
- Total interior livable area: 1,524 sqft
Property
Parking
- Total spaces: 1.5
- Parking features: Garage
- Garage spaces: 1.5
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Porch, Screened
- Exterior features: Fire Pit, Porch
- Fencing: Fenced
Lot
- Size: 7,405 Square Feet
- Dimensions: 61 x 118
Details
- Parcel number: 23561000000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Rustic
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1978
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Springfield Hts Replat
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $157,363
- Annual tax amount: $2,905
- Date on market: 5/30/2026
- Cumulative days on market: 16 days
Estimated market value
$197,300
$187,000 - $207,000
$2,207/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2026 | Price change | $199,000-0.5%$131/sqft |
Source: | ||
| 5/30/2026 | Listed for sale | $199,900-4.4%$131/sqft |
Source: | ||
| 4/29/2026 | Listing removed | $209,000$137/sqft |
Source: | ||
| 4/7/2026 | Price change | $209,000-4.6%$137/sqft |
Source: | ||
| 3/9/2026 | Price change | $219,000-2.2%$144/sqft |
Source: | ||
| 2/23/2026 | Listed for sale | $224,000-9.8%$147/sqft |
Source: | ||
| 1/15/2023 | Listing removed | -- |
Source: | ||
| 10/15/2022 | Price change | $248,400-0.2%$163/sqft |
Source: | ||
| 9/20/2022 | Price change | $248,900-0.4%$163/sqft |
Source: | ||
| 8/10/2022 | Listed for sale | $249,900+73.5%$164/sqft |
Source: | ||
| 11/25/2019 | Sold | $144,000$94/sqft |
Source: | ||
| 10/22/2019 | Price change | $144,000-0.7%$94/sqft |
Source: Keller Williams Success Realty #689103 Report a problem | ||
| 10/11/2019 | Price change | $145,000-3.3%$95/sqft |
Source: Keller Williams Success Realty #689103 Report a problem | ||
| 9/30/2019 | Listed for sale | $150,000+18.1%$98/sqft |
Source: Keller Williams Success Realty #689103 Report a problem | ||
| 10/24/2018 | Listing removed | $126,999$83/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 10/6/2018 | Price change | $126,9990%$83/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 9/29/2018 | Price change | $127,000-1.6%$83/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 9/14/2018 | Price change | $129,000-0.8%$85/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 8/4/2018 | Price change | $129,999-2.3%$85/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 7/17/2018 | Price change | $133,000-1.5%$87/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 6/27/2018 | Price change | $135,000-1.5%$89/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 6/15/2018 | Price change | $137,000-5.5%$90/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 6/7/2018 | Price change | $145,000+0.1%$95/sqft |
Source: Keller Williams Success Realty #672596 Report a problem | ||
| 5/17/2018 | Price change | $144,900-2.8%$95/sqft |
Source: CENTURY 21 Commander Realty, Inc. #668478 Report a problem | ||
| 5/14/2018 | Listed for sale | $149,000+65.6%$98/sqft |
Source: CENTURY 21 Commander Realty, Inc. #668478 Report a problem | ||
| 1/7/2013 | Sold | $90,000+36.4%$59/sqft |
Source: Public Record Report a problem | ||
| 4/24/2002 | Sold | $66,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,761 +0.1% | $157,363 +0.9% |
| 2023 | $2,757 +13.4% | $155,939 +7.8% |
| 2022 | $2,431 | $144,662 |
| 2021 | -- | -- |
| 2020 | $1,836 +1118.4% | $122,375 +403.6% |
| 2019 | $151 | $24,301 -67.1% |
| 2018 | $151 -76.9% | $73,754 -1% |
| 2017 | $653 -1.9% | $74,484 -1% |
| 2016 | $666 -6.5% | $75,215 -1% |
| 2015 | $713 | $75,945 -0.7% |
| 2014 | $713 | $76,506 -5% |
| 2013 | -- | $80,524 +0.4% |
| 2012 | -- | $80,230 -2% |
| 2011 | -- | $81,835 -21.9% |
| 2010 | -- | $104,762 +23.4% |
| 2009 | -- | $84,875 +0.1% |
| 2008 | -- | $84,790 +3% |
| 2007 | -- | $82,320 -3.5% |
| 2006 | -- | $85,263 +18.2% |
| 2005 | -- | $72,131 +9.5% |
| 2004 | -- | $65,902 +12.3% |
| 2003 | -- | $58,705 +7.9% |
| 2002 | -- | $54,387 +27.5% |
| 2001 | -- | $42,663 -0.4% |
| 2000 | -- | $42,839 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32401
Nearby schools
GreatSchools rating
- 4/10Cedar Grove Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 2/10Rutherford High SchoolGrades: 6-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Parker
- Middle: Rutherford Middle
- High: Rutherford
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Bay County
- Springfield
- 32401
- 403 Transmitter Rd




