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.
For sale
$279,950
523 Spring Ave, Panama City, FL 32401
3beds
1,183sqft
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
- 80 days |
- 64 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Thomas Bachelder 850-866-5577,
Panhandle Real Estate
Source: CPAR,MLS#: 788002
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, 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
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Listed for sale | $279,950+1299.8%$237/sqft |
Source: | ||
| 1/21/2026 | Listing removed | $2,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/6/2025 | Listed for rent | $2,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/14/2025 | Listing removed | $2,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/16/2025 | Listed for rent | $2,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/6/2025 | Listing removed | $2,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/30/2024 | Listed for rent | $2,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/11/2023 | Sold | $20,000$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $228 -38% | $12,925 +21.4% |
| 2023 | $368 +3.5% | $10,650 +7.3% |
| 2022 | $356 | $9,924 |
| 2021 | -- | -- |
| 2020 | $148 | $9,488 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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
- 5/10Merriam Cherry Street Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 2.5 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 2.1 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Bay County
- Panama City
- 32401
- 523 Spring Ave






