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For sale
  • Price cut: $50K (6/1)
    $775,000

    854 Magnolia Ave, Panama City, FL 32401

    3beds
    1,708sqft
    : 
    $4,870/mo
    Get pre-qualified
    Single Family Residence
    Built in 1938
    0.64 Acres Lot
    $733,200 Zestimate®
    $454/sqft
    $-- HOA

    What's special

    Cozy gas fireplacesLuxury materialsSecurity and nest systemsSuperb craftsmanshipPrivate entrancesGuest bedroomGiant yard
    Welcome to this one-of-a-kind custom home on a huge half-acre lot in the heart of historic Panama City. This gorgeous home will surprise you with it's superb craftsmanship and luxury materials, along with unique details you have to see to believe. Classic style with newly refinished wood floors, and all new interior tongue and groove pine walls, with cathedral ceilings. Two large master suites are each complimented by cozy gas fireplaces, walk-in closets, and custom bathrooms with tiled showers. Each have private entrances for accessibility, or future rental capabilities. An additional guest bedroom has access to the 3rd bathroom, conveniently located right off the kitchen. The open living area with new kitchen will impress when entertaining, with sleek quartz countertops and high end kitchen cabinetry. New stainless appliances and under-cabinet lighting provide the finishing touches to this gorgeous kitchen. Modern amenities include Built-in deluxe speakers throughout the home, as well as security and Nest systems that convey. Giant yard is high and dry, with room to store ALL your toys. A large covered porch is your key to a shady afternoon retreat, entertaining guests, or enjoying a relaxing rain shower. Located within minutes to revitalized and booming downtown Panama City, with dozens of restaurants, shops, night spots, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next home, or investing in the future of Panama City, this property has room to add additional dwelling units, pool, parking, outbuildings, and so much more! With Mixed-Use Zoning, there are options for commercial use, live-work situations, and so much more! Also offered as a commercial lease. An additional concrete patio was prepared, but not yet finished. See pictures for similar design. Alterations to the home can be negotiated. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Furnishings are negotiable.
    137 days
    |
    113
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dennis Nelson 850-348-8262,

    Keller Williams Success Realty

    Source: CPAR,MLS#: 786744MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bedroom, Kitchen, Living Room
      Bedroom
      • Level: First
      • Dimensions: 13.5 x 19.5
      Bedroom
      • Level: First
      • Dimensions: 13.5 x 19.5
      Bedroom
      • Level: First
      • Dimensions: 11.5 x 13.5
      Kitchen
      • Level: First
      • Dimensions: 13.5 x 16
      Living room
      • Level: First
      • Dimensions: 13.5 x 16.5
      Heating
      • Central, Fireplace(s)
      Cooling
      • Central Air
      Appliances
      • Included: Gas Oven, Gas Range, Ice Maker
      Features
      • Has fireplace: Yes
      • Fireplace features: Electric
      Interior area
      • Total structure area: 1,708
      • Total interior livable area: 1,708 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Additional Parking, Gravel, RV Access/Parking
      Features
      • Patio & porch: Patio, Covered, Porch
      • Exterior features: Patio
      • Pool features: Other, See Remarks
      • Fencing: Privacy
      Lot
      • Size: 0.64 Acres
      • Dimensions: 100' x 300'
      • Features: Paved
      Details
      • Parcel number: 16721000000
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1938

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Security: Security System Owned
      • Subdivision: No Named Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $454/sqft
      • Tax assessed value: $125,508
      • Annual tax amount: $2,872
      • Date on market: 3/13/2026
      • Cumulative days on market: 137 days

        Estimated market value

        $733,200

        $697,000 - $770,000

        $2,378/mo

        Price history

        DateEventPrice
        6/1/2026Price change$775,000-6.1%$454/sqft
        Source: CPAR #786744 Report a problem
        3/13/2026Listed for sale$825,000+534.6%$483/sqft
        Source: CPAR #786744 Report a problem
        6/17/2022Sold$130,000-16.1%$76/sqft
        Source: CPAR #727319 Report a problem
        6/4/2022Pending sale$155,000$91/sqft
        Source: CPAR #727319 Report a problem
        5/31/2022Listed for sale$155,000+29.2%$91/sqft
        Source: CPAR #727319 Report a problem
        2/28/2006Sold$120,000$70/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,279 +8.7%$125,508 +9%
        2023$2,096 +83%$115,097 +95.1%
        2022$1,146 $58,993
        2021-- --
        2020$1,006 +28.3%$48,437 -0.2%
        2019$784 $48,523 -8.4%
        2018$784 -2.2%$52,964 +1.9%
        2017$802 +3%$51,953 +0%
        2016$779 -5.7%$51,943 -0.7%
        2015$825 $52,332 -0.7%
        2014$825 $52,721 -0.7%
        2013-- $53,111 -8.6%
        2012-- $58,110 -1.3%
        2011-- $58,889 -0.7%
        2010-- $59,278 -1.9%
        2009-- $60,446 -30.1%
        2008-- $86,427 +47.1%
        2007-- $58,767 +1.7%
        2006-- $57,759 +16%
        2005-- $49,784 +2.5%
        2004-- $48,571 +18.4%
        2003-- $41,021 +6.4%
        2002-- $38,545 +1.6%
        2001-- $37,938 -2.2%
        2000-- $38,779
        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

        68 / 100
        Somewhat Walkable
        24 / 100
        Minimal Transit
        64 / 100
        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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