Description
Versatile property with income-producing apartment on 1 acre in panama citylocated on a spacious 1-acre lot in unincorporated bay county, this unique property offers incredible flexibility, comfort, and income potential. the main home features 4 bedrooms plus a bonus room/office, a 2-car garage with an oversized cubby ideal for a workshop, and stylish concrete and stainless steel kitchen countertops. a covered front porch provides the perfect outdoor space to relax. key systems have been updated, including a metal roof (2019), hvac (2019), and hot water heater (2018).a standout feature is the 800 sq ft, 1-bedroom/1-bath studio apartment located above a separate 3-car detached garage. the apartment has its own laundry area, private entrance, and separate septic system (replaced after hurricane michael). currently rented for $1,500/month, it's ideal for offsetting your mortgage, hosting guests, or accommodating multigenerational living.additional features include:separate septic systems for the main house and apartment.entire property is on well water.metal roofs on both structures (2019).single electric meter for both units.front windows replaced after hurricane michael.insurance is approximately $3,500/year for both structures.located in unincorporated panama city--offering more flexibility and fewer restrictions.this is a rare opportunity to own a property that blends income potential, peace of mind, and functionality in a desirable, low-restriction area just outside the city limits. perfect for those seeking space, versatility, and value!
Property Type
ResidentialCounty
BayStyle
RanchAD ID
50216698
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 2
- Full Baths: 2
Interior Features
- KitchenIsland
- Roof: Metal
Roofing Information
- Metal
Heating & Cooling
- Heating: Central
- Cooling:
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Exterior Features
Building Information
- Year Built: 1969
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Property / Lot Details
Lot Information
- Lot Dimensions: 150x288
Property Information
- Subdivision: Baldwin Heights
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Listing Information
Listing Price Information
- Original List Price: $499000
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Taxes / Assessments
Tax Information
- Annual Tax: $2224
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Attached,Garage,Oversized
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School, Utilities & Location Details
School Information
- Elementary School: Northside
- Junior High School: Jinks
- Senior High School: Bay
Utility Information
- SepticAvailable,WaterAvailable
Location Information
- Direction: Turn right onto Baldwin Road from Hwy 77, in .8 miles the house will be on the left. It is the first left once you cross over Jenks Avenue.
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BuyOwner last updated this listing 06/20/2025 @ 23:48
- MLS: 775153
- LISTING PROVIDED COURTESY OF: Matt Wright, Think Real Estate
- SOURCE: BCAR
is a Home, with 4 bedrooms which is for sale, it has 1,750 sqft, 1,750 sized lot, and 5 parking. are nearby neighborhoods.