Welcome to your new home in the highly sought-after Cove neighborhood in historic downtown, Panama City! This delightful 3-bedroom, 1-bathroom residence, originally built in the 1940s, combines timeless charm with modern updates. Step inside to discover a beautifully maintained interior that showcases the character of an older era while offering contemporary comforts.
Recent updates include a roof after Hurricane Michael, a new HVAC system, ensuring durability and energy efficiency for years to come. The spacious layout features inviting living areas, perfect for family gatherings and entertaining friends. The property also boasts a convenient one-car garage, along with a newly paved driveway and alleyway access at the back of the home.
Situated just steps away from St. Andrews Bay Yacht Club and the water and mere minutes from downtown Panama City, this home's location is unparalleled. Enjoy easy access to the yacht club, picturesque Beach Drive, and all the amenities downtown has to offer, from trendy shops and delectable dining to vibrant nightlife.
Don't miss the chance to own a piece of history in one of Panama City's most desirable neighborhoods. Schedule your viewing today and fall in love with this charming cove home!
Sold for $255,000
$255,000
440 S Macarthur Ave, Panama City, FL 32401
3beds
1,118sqft
Single Family Residence
Built in 1947
10,454 Square Feet Lot
$254,000 Zestimate®
$228/sqft
$1,659 Estimated rent
Home value
$254,000
$231,000 - $279,000
$1,659/mo
Zestimate® history
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$1,654/mo
Est. payment
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$1,654/mo
Est. payment
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List your homeWhat's special
Convenient one-car garageSpacious layoutBeautifully maintained interiorNewly paved driveway
Zillow last checked:
Listing updated:
Listed by:
The Sanchez Group 850-890-6262,
Think Real Estate
Bought with:
Sostheim Group
Corcoran Reverie
Source: CPAR,MLS#: 782228
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
Bedroom
- Description: buyer to verify
- Level: First
- Dimensions: 14 x 9
Bedroom
- Description: buyer to verify
- Level: First
- Dimensions: 11 x 9
Bedroom
- Description: buyer to verify
- Level: First
- Dimensions: 10 x 9
Heating
- Central
Cooling
- Central Air
Interior area
- Total structure area: 1,118
- Total interior livable area: 1,118 sqft
Property
Parking
- Total spaces: 1
- Parking features: Additional Parking, Alley Access
- Garage spaces: 1
Features
- Fencing: Fenced
Lot
- Size: 10,454 Square Feet
- Dimensions: 140 x 77
Details
- Parcel number: 21522000000
- Zoning description: City
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Bunkers Cove
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $228/sqft
- Tax assessed value: $121,315
- Annual tax amount: $1,044
- Date on market: 12/2/2025
- Cumulative days on market: 40 days
Price history
| Date | Event | Price |
|---|---|---|
| 2/9/2026 | Sold | $255,000-5.6%$228/sqft |
Source:  CPAR #782228 Report a problem | ||
| 1/12/2026 | Pending sale | $270,000$242/sqft |
Source: CPAR #782228 Report a problem | ||
| 1/9/2026 | Price change | $270,000-3.6%$242/sqft |
Source: CPAR #782228 Report a problem | ||
| 12/2/2025 | Listed for sale | $280,000+180%$250/sqft |
Source: CPAR #782228 Report a problem | ||
| 6/27/2016 | Sold | $100,000-5.6%$89/sqft |
Source: CPAR #627775 Report a problem | ||
| 1/6/2016 | Listed for sale | $105,900$95/sqft |
Source: Counts Real Estate Group - Thomas Drive #627775 Report a problem | ||
| 10/31/2015 | Listing removed | $105,900$95/sqft |
Source: Counts Real Estate Group Inc #627775 Report a problem | ||
| 4/29/2015 | Listed for sale | $105,900$95/sqft |
Source: Counts Real Estate Group Inc #627775 Report a problem | ||
| 3/29/2015 | Listing removed | $105,900$95/sqft |
Source: Counts Real Estate Group Inc #627775 Report a problem | ||
| 1/21/2015 | Listed for sale | $105,900-24.1%$95/sqft |
Source: Counts Real Estate Group Inc #627775 Report a problem | ||
| 11/24/2010 | Listing removed | $139,500$125/sqft |
Source: Real Estate Group #407026 Report a problem | ||
| 4/16/2010 | Price change | $139,500-2.1%$125/sqft |
Source: Real Estate Group #393764 Report a problem | ||
| 10/17/2009 | Price change | $142,500-1.4%$127/sqft |
Source: Real Estate Group #393764 Report a problem | ||
| 4/19/2009 | Listed for sale | $144,500$129/sqft |
Source: Real Estate Group #393764 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,044 -2.3% | $98,274 +3% |
| 2023 | $1,069 -0.4% | $95,412 +3% |
| 2022 | $1,073 | $92,633 |
| 2021 | -- | -- |
| 2020 | $1,013 +82.1% | $88,693 +17.9% |
| 2019 | $556 | $75,224 -13.4% |
| 2018 | $556 -21.7% | $86,825 +0.4% |
| 2017 | $711 +0.8% | $86,475 +18.8% |
| 2016 | $705 -36.9% | $72,814 +2.7% |
| 2015 | $1,118 | $70,902 +0.4% |
| 2014 | $1,118 | $70,608 -0.5% |
| 2013 | -- | $70,975 |
| 2012 | -- | $70,975 -5.8% |
| 2011 | -- | $75,383 -9.3% |
| 2010 | -- | $83,100 -7% |
| 2009 | -- | $89,327 -12.5% |
| 2008 | -- | $102,097 -10.1% |
| 2007 | -- | $113,626 +11.3% |
| 2006 | -- | $102,107 +81.4% |
| 2005 | -- | $56,292 +32.5% |
| 2004 | -- | $42,480 +8.6% |
| 2003 | -- | $39,129 +5.4% |
| 2002 | -- | $37,118 |
| 2001 | -- | $37,118 +17.1% |
| 2000 | -- | $31,697 |
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: 0.7 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 2.8 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 2.6 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
- 440 S Macarthur Ave
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