$249,900
Panama City, FL 32401
MLS# 774433
2 beds | 1 baths | 1364 sqft
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Property Description
✨ All the vintage charm of Grandma's house—only better! ✨ This MU-3 zoned property (multi-use zoning) offers residential and light commercial possibilities, making it the perfect opportunity for a live/work lifestyle. Lovingly restored, 1011 Grace Ave retains much of its original character, including the gorgeous heart-pine hardwood floors you'll spot in the photos. With thoughtful updates already completed, this property is ready for you to take it to the next level. Highlights include: MU-3 zoning: residential + light commercial use potential Ample parking in the front and rear with coveted alley access Flexible layout—convert to a primary residence, second home, or investment property Room to expand toward the alley for added space or functionality Surrounded by new construction—an area on the rise! Much of the heavy lifting has already been done—now it's your chance to customize and make it your own. 💡 Seller is a licensed Realtor in the State of Florida.
Details
Maps
Contract Info
Status: Active
List Date: 2025-06-04
List Price: $249,900
List Price/SqFt: 183.21
Current Price: $249,900
Location
Area: 02 - Bay County - Central
Street #: 1011
Street Name: Grace
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 - Bay - Central SW
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 18110-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: 11th St heading east, right on Grace. Property on the right
Legal Description: 5 4S 14W -76- 29B BEG 100' N OF INTERSECT OF N R/W OF 10TH ST & W R/W GRACE AV N 60' W 140' S 60' E 140' TO POB ORB 4857 P 2379
*The Description above is not to be used on legal documents.
General Property Info
Sub-Type: Detached Single Family
Design: Bungalow
Apx SqFt(Htd/Cooled): 1364
SqFt Source: Prop App Site
Bedrooms: 2
Full Baths: 1
Total Baths: 1
# of Stories in Building: 1
Year Built: 1933
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Driveway Spaces: 7
Lot Dimensions: 60 x 140
Acreage: 0.19
Lot Size (SqFt): 8400
Pool: No
Property Features
Accessibility Features: Accessible Entrance
Appliances: Microwave; Refrigerator
Bedroom: First
Cooling: Central Air; Electric
Heating: Central; Electric
Exterior: Porch Covered
Financing: Conventional
Furnished: Unfurnished
Kitchen: First
Lot Features: Survey Available
Lot Access: Alley; City Street
Family Room: First
Office: First
Parking Features: Alley Access; Driveway; Gravel
Rooms: Bedroom; Family Room; Kitchen; Office
Sale Type: As Is
Utilities: Electricity - Connected; Internet - Broadband Available; Public Sewer - Connected
Present Zoning: Mixed Use
Supplements
Much of the heavy lifting has been done on this property and it is ready for you to take it to the next level. This house is laid out perfectly to expand out to the back toward the alley. Ask your favorite lender about a FHA 203K or a Fannie Mae Homestyle renovation loan to make it perfect for you.
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Family Room | First | 25 x 16 | 25.00 | 16.00 | 25 x 16 |
| Bedroom | First | 14 x 12 | 14.00 | 12.00 | 14 x 12 |
| Bedroom | First | 10 x 10 | 10.00 | 10.00 | 10 x 10 |
| Office | First | 15 x 10 | 15.00 | 10.00 | 15 x 10 |
| Kitchen | First | 15 x 14 | 15.00 | 14.00 | 15 x 14 |
Listing Office: Coldwell Banker Realty
Last Updated: September - 24 - 2025
Information deemed reliable but not guaranteed.