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For sale
    • $650,000

    604 Fernwood St, Panama City Beach, FL 32407

    7beds
    2,556sqft
    : 
    $4,133/mo
    Get pre-qualified
    Multi Family
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $254/sqft
    $-- HOA

    What's special

    On-site swimming pool
    Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.
    152 days
    |
    680
    |
    50
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dien and Andrew Group 850-600-0605,

    Think Real Estate

    Source: CPAR,MLS#: 786962MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 6
      • Full bathrooms: 6
      Rooms
      • Room types: Bedroom
      Bedroom
      • Description: *measure if important
      • Level: First
      • Dimensions: 16 x 11
      Bedroom
      • Description: *measure if important
      • Level: First
      • Dimensions: 16 x 11
      Bedroom
      • Description: *measure if important
      • Level: First
      • Dimensions: 16 x 11
      Bedroom
      • Description: *measure if important
      • Level: First
      • Dimensions: 16 x 11
      Bedroom
      • Description: *measure if important
      • Level: First
      • Dimensions: 16 x 11
      Bedroom
      • Description: *measure if important
      • Level: First
      • Dimensions: 10 x 11
      Bedroom
      • Description: *measure if important
      • Level: First
      • Dimensions: 22 x 20
      Heating
      • Varies by Unit
      Cooling
      • Ceiling Fan(s), Window Unit(s)
      Interior area
      • Total structure area: 2,556
      • Total interior livable area: 2,556 sqft

      Property

      Parking
      • Parking features: Unpaved
      Features
      • Levels: One
      • Stories: 1
      • Has private pool: Yes
      • Pool features: In Ground, Private
      Lot
      • Size: 0.42 Acres
      • Dimensions: 105 x 168 x 107 x 174
      • Features: Paved
      Details
      • Parcel number: 34201000000
      • Zoning description: Resid Multi-Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Block
      • Foundation: Slab
      Condition
      • New construction: No
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: Hutchison's 1st To Bahama Bch
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $254/sqft
      • Tax assessed value: $439,752
      • Annual tax amount: $5,450
      • Date on market: 6/15/2026
      • Cumulative days on market: 96 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,396/mo

        Price history

        DateEventPrice
        6/15/2026Listed for sale$650,000$254/sqft
        Source: CPAR #786962 Report a problem
        5/19/2026Pending sale$650,000$254/sqft
        Source: CPAR #786962 Report a problem
        5/12/2026Listed for sale$650,000$254/sqft
        Source: CPAR #786962 Report a problem
        4/6/2026Pending sale$650,000$254/sqft
        Source: CPAR #786962 Report a problem
        3/18/2026Listed for sale$650,000$254/sqft
        Source: CPAR #786962 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,940 +10.8%$414,891 +10%
        2023$4,459 +89.1%$377,174 +55.7%
        2022$2,358 $242,246
        2021-- --
        2020$2,517 +9%$239,438 +47%
        2019$2,310 $162,844 +10%
        2018$2,310 +8.3%$148,040 +10%
        2017$2,133 +30%$134,582 +4.1%
        2016$1,641 +1.7%$129,327 -0.4%
        2015$1,614 $129,850 -2.8%
        2014$1,614 $133,633 -0.4%
        2013-- $134,183 -22.8%
        2012-- $173,742 -8%
        2011-- $188,839 -0.1%
        2010-- $189,027 -21%
        2009-- $239,296 -27.6%
        2008-- $330,524
        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.
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        Climate risks

        Neighborhood: 32407

        Getting around

        44 / 100
        Car-Dependent
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hutchison Beach
        • Middle: Surfside
        • High: Arnold

        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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