Investor Alert! Duplex + Big Lot with Expansion Potential - FHA 203(k) Eligible!
Opportunity knocks in Springfield! This 2,260 sq ft permitted duplex sits on a large .31-acre corner lot—zoned mixed-use with the option to build another duplex or rezone for single-family residential.
Live in one unit and rent the other, or lease both for instant income.
Upstairs: 3 beds / 2 baths + ensuite primary
Downstairs: 2 beds / 1 bath + yard access
Each unit features indoor laundry, separate utilities, and individual meters—ideal for long- or short-term tenants.
Upgrades include: new windows, PEX plumbing, electrical wiring, HVAC & ductwork, recessed lighting, tankless water heater, 2019 roof, new siding, exterior stairs, RV hookups & storage shed.
Just 7 miles to Tyndall AFB and 25 minutes to Panama City Beach.
Bonus: construction materials on site convey!
Expand, rezone, or rent—this property offers options and income! Schedule your showing and Let's Make Deal Today!
Sold for $200,000
$200,000
819 Russ Lake Dr, Panama City, FL 32404
5beds
2,260sqft
Duplex, Multi Family
Built in 1971
-- sqft lot
$198,800 Zestimate®
$88/sqft
$1,453 Estimated rent
Home value
$198,800
$181,000 - $219,000
$1,453/mo
Zestimate® history
Owner options
List your home for rent
$1,453/mo
Rent Zestimate®
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$1,453/mo
Rent Zestimate®
Refinance and save
$1,353/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,353/mo
Est. payment
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List your homeWhat's special
Rv hookupsIndoor laundrySeparate utilitiesCorner lotNew windowsPex plumbingElectrical wiring
Zillow last checked:
Listing updated:
Listed by:
Catriese M Johnson 850-687-7487,
Coldwell Banker Realty
Bought with:
Jeronimo J Drouet, SL3638498
CENTURY 21 Commander Realty
Source: CPAR,MLS#: 769484
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bedroom, Primary Bathroom, Primary Bedroom
Primary bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: First
- Dimensions: 0 x 0
Primary bathroom
- Level: First
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air
Interior area
- Total structure area: 2,260
- Total interior livable area: 2,260 sqft
Property
Lot
- Size: 0.31 Acres
- Dimensions: 97 x 140
Details
- Parcel number: 15033000000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $88/sqft
- Tax assessed value: $74,017
- Annual tax amount: $1,352
- Date on market: 2/7/2026
- Cumulative days on market: 339 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2026 | Sold | $200,000-9.1%$88/sqft |
Source:  CPAR #769484 Report a problem | ||
| 2/7/2026 | Pending sale | $220,000$97/sqft |
Source: CPAR #769484 Report a problem | ||
| 11/7/2025 | Price change | $220,000-8.3%$97/sqft |
Source: CPAR #769484 Report a problem | ||
| 8/8/2025 | Price change | $239,900-4%$106/sqft |
Source: CPAR #769484 Report a problem | ||
| 5/24/2025 | Price change | $249,900-3.8%$111/sqft |
Source: CPAR #769484 Report a problem | ||
| 4/12/2025 | Price change | $259,900-5.5%$115/sqft |
Source: CPAR #769484 Report a problem | ||
| 2/27/2025 | Listed for sale | $275,000+292.9%$122/sqft |
Source: CPAR #769484 Report a problem | ||
| 12/20/2021 | Sold | $70,000-22.2%$31/sqft |
Source: Public Record Report a problem | ||
| 11/15/2021 | Pending sale | $90,000$40/sqft |
Source: CPAR #711051 Report a problem | ||
| 8/14/2021 | Listed for sale | $90,000+63.6%$40/sqft |
Source: CPAR #711051 Report a problem | ||
| 6/19/2019 | Sold | $55,000+37.5%$24/sqft |
Source: Public Record Report a problem | ||
| 1/9/2019 | Sold | $40,000-19.2%$18/sqft |
Source: Public Record Report a problem | ||
| 11/20/2018 | Pending sale | $49,500$22/sqft |
Source: Overstreet Realty #673843 Report a problem | ||
| 11/16/2018 | Price change | $49,500-16.8%$22/sqft |
Source: Overstreet Realty #673843 Report a problem | ||
| 9/12/2018 | Price change | $59,500-10.5%$26/sqft |
Source: Overstreet Realty #673843 Report a problem | ||
| 9/10/2018 | Listed for sale | $66,500$29/sqft |
Source: Overstreet Realty #673843 Report a problem | ||
| 8/23/2018 | Pending sale | $66,500$29/sqft |
Source: Overstreet Realty #673843 Report a problem | ||
| 8/14/2018 | Price change | $66,500-4.3%$29/sqft |
Source: Overstreet Realty #673843 Report a problem | ||
| 7/11/2018 | Listed for sale | $69,500-41.4%$31/sqft |
Source: Overstreet Realty #673843 Report a problem | ||
| 5/1/2018 | Listing removed | $118,673-16.4%$53/sqft |
Source: Auction.com Report a problem | ||
| 4/10/2018 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 12/19/2006 | Sold | $142,000+29.1%$63/sqft |
Source: Public Record Report a problem | ||
| 5/5/2004 | Sold | $110,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,352 +7.8% | $73,446 +10% |
| 2023 | $1,254 +11.8% | $66,769 +10% |
| 2022 | $1,122 | $60,699 |
| 2021 | -- | -- |
| 2020 | $1,353 -7% | $84,631 -7.5% |
| 2019 | $1,455 | $91,536 -7.5% |
| 2018 | $1,455 -7.6% | $98,997 +5.1% |
| 2017 | $1,574 +3.3% | $94,167 -0.3% |
| 2016 | $1,523 -5.1% | $94,419 -0.7% |
| 2015 | $1,605 | $95,050 -0.7% |
| 2014 | $1,605 | $95,681 +3.3% |
| 2013 | -- | $92,667 |
| 2012 | -- | $92,667 -1.2% |
| 2011 | -- | $93,832 -0.6% |
| 2010 | -- | $94,415 -6.2% |
| 2009 | -- | $100,686 -1.5% |
| 2008 | -- | $102,220 -1.5% |
| 2007 | -- | $103,753 +2.2% |
| 2006 | -- | $101,506 +18.2% |
| 2005 | -- | $85,861 +56.4% |
| 2004 | -- | $54,915 +1.9% |
| 2003 | -- | $53,891 +2.4% |
| 2002 | -- | $52,628 +1.6% |
| 2001 | -- | $51,799 -0.1% |
| 2000 | -- | $51,833 |
Find assessor info on the county website
Neighborhood: 32404
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Nearby schools
GreatSchools rating
- 4/10Cedar Grove Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 2/10Rutherford High SchoolGrades: 6-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Parker
- Middle: Rutherford Middle
- High: Rutherford
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
- Springfield
- 32404
- 819 Russ Lake Dr
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