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For sale
  • $259,900

    523 Spring Ave, Panama City, FL 32401

    3beds
    1,196sqft
    : 
    $1,653/mo
    Get pre-qualified
    Single Family Residence
    Built in 2024
    7,405 Square Feet Lot
    $254,100 Zestimate®
    $217/sqft
    $-- HOA

    What's special

    Contemporary finishesModern comfortLow-maintenance constructionThoughtfully designed layout
    Welcome to Coral Spring -- a beautifully built 2025 construction home that is currently being operated as a short-mid term rental and offers modern comfort in an unbeatable up and coming central Panama City location! Location is key, and this property places you right in the middle of everything: 2 miles to Downtown Panama City and less than a mile to Ascension Sacred Heart Bay Hospital and Watson Landing Marina, 5 miles to Historic St. Andrews, 8 miles to Tyndall Air Force Base, and just 12 miles to the white sandy beaches! This 3-bedroom, 2-bathroom home 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 an investor seeking immediate cash flow or a homeowner wanting flexibility, this property delivers. Inside, you'll find a thoughtfully designed layout with contemporary finishes, low-maintenance construction, and the option to purchase fully furnished (turnkey) -- making it ready to continue operating as a rental from day one. Prefer a primary residence? The home can also be delivered unfurnished to suit your needs. Whether you're looking for a primary residence, vacation home, or income-producing property, this nearly new build checks all the boxes with modern construction, proven revenue, and a prime location.
    7 days
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    211
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    14
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer A LaChance 573-701-1671,

    SimpliHOM

    Source: CPAR,MLS#: 793533MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Family Room, Kitchen
      Bedroom
      • Level: First
      • Dimensions: 15 x 12
      Family room
      • Level: First
      • Dimensions: 20 x 12
      Kitchen
      • Level: First
      • Dimensions: 16 x 12
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Electric Oven, Electric Range
      Interior area
      • Total structure area: 1,196
      • Total interior livable area: 1,196 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      • Fencing: Partial
      Lot
      • Size: 7,405 Square Feet
      • Dimensions: 47.0 ft x 160.0 ft
      Details
      • Parcel number: 22669020000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Florida
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type
      • Foundation: Slab
      • Roof: Composition,Shingle
      Condition
      • New construction: No
      • Year built: 2024

      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: $217/sqft
      • Tax assessed value: $12,925
      • Annual tax amount: $2,761
      • Date on market: 8/4/2026
      • Cumulative days on market: 2 days

        Estimated market value

        $254,100

        $241,000 - $267,000

        $1,714/mo

        Price history

        DateEventPrice
        8/4/2026Listed for sale$259,900-5.5%$217/sqft
        Source: CPAR #793533 Report a problem
        7/2/2026Listing removed$275,000$230/sqft
        Source: CPAR #788002 Report a problem
        6/27/2026Price change$275,000-1.8%$230/sqft
        Source: CPAR #788002 Report a problem
        4/7/2026Listed for sale$279,950+1299.8%$234/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.
        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
        45 / 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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