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For sale
  • $279,950

    523 Spring Ave, Panama City, FL 32401

    3beds
    1,183sqft
    : 
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    Single Family Residence
    Built in 2025
    7,405 Square Feet Lot
    $275,300 Zestimate®
    $237/sqft
    $-- HOA

    What's special

    Contemporary finishesModern comfortLow-maintenance newer constructionThoughtfully designed floor plan
    Welcome to Coral Spring -- a beautifully constructed 2025 home offering modern design, income potential, and an unbeatable central location in Panama City. Ideally situated, this property places you close to everything: Approximately 2 miles to Downtown Panama City 5 miles to Historic St. Andrews 8 miles to Tyndall Air Force Base 1 mile to Ascension Sacred Heart Bay Hospital 1 mile to Watson's Landing Marina 12 miles to Panama City Beach 22 miles to Mexico Beach This 3-bedroom, 2-bathroom residence has already proven itself as a high-performing asset, generating approximately $30,000 in short- to mid-term rental income over the past 12 months. Whether you're seeking immediate cash flow or a flexible living arrangement, this property delivers. Inside, you'll find a thoughtfully designed floor plan featuring contemporary finishes and low-maintenance, newer construction. The home is available fully furnished for a true turnkey investment opportunity, allowing for seamless continuation as a rental. Alternatively, it can be delivered unfurnished to suit owner-occupants. Perfect as a primary residence, second home, or income-producing property, this nearly new build combines modern comfort with proven performance in one of Panama City's most up-and-coming areas. Additional Opportunity: Property may also be leased at $2,600/month, inclusive of furnishings, linens, utilities, and WiFi.
    80 days
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    64
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Thomas Bachelder 850-866-5577,

    Panhandle Real Estate

    Source: CPAR,MLS#: 788002MLS LogoOriginating 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, Primary Bedroom
      Primary bedroom
      • Description: All measurements are approximate and should be verified if important.
      • Level: First
      • Dimensions: 13 x 12
      Bedroom
      • Level: First
      • Dimensions: 11 x 12
      Bedroom
      • Level: First
      • Dimensions: 11 x 12
      Interior area
      • Total structure area: 1,183
      • Total interior livable area: 1,183 sqft

      Property

      Lot
      • Size: 7,405 Square Feet
      • Dimensions: 47 x 160
      Details
      • Parcel number: 22669020000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Bungalow
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 2025

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: Pine Crest Add To Callaway
      HOA
      • Has HOA: No
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $237/sqft
      • Tax assessed value: $12,925
      • Annual tax amount: $2,761
      • Date on market: 4/7/2026
      • Cumulative days on market: 79 days

        Estimated market value

        $275,300

        $262,000 - $289,000

        $2,037/mo

        Price history

        DateEventPrice
        4/7/2026Listed for sale$279,950+1299.8%$237/sqft
        Source: CPAR #788002 Report a problem
        1/21/2026Listing removed$2,600$2/sqft
        Source: Zillow Rentals Report a problem
        10/6/2025Listed for rent$2,600$2/sqft
        Source: Zillow Rentals Report a problem
        7/14/2025Listing removed$2,600$2/sqft
        Source: Zillow Rentals Report a problem
        6/16/2025Listed for rent$2,600$2/sqft
        Source: Zillow Rentals Report a problem
        3/6/2025Listing removed$2,600$2/sqft
        Source: Zillow Rentals Report a problem
        12/30/2024Listed for rent$2,600$2/sqft
        Source: Zillow Rentals Report a problem
        10/11/2023Sold$20,000$17/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$228 -38%$12,925 +21.4%
        2023$368 +3.5%$10,650 +7.3%
        2022$356 $9,924
        2021-- --
        2020$148 $9,488

        Find assessor info on the county website

        Monthly payment

        Est. payment

          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

          Getting around

          65 / 100
          Somewhat Walkable
          22 / 100
          Minimal Transit
          44 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          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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