1016 W 12th Street, Panama City, FL 32401 (MLS# 778925)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 5165

Last Tax Year: 2024

Brokerage Interest: No Interest

As Is: Yes

List Price/SqFt: 138.62

Status: Active

List Date: 2025-09-12

List Price: $510,000

Current Price: $510,000

Sub Area: 0203 - Bay - Central SW

Community/Resort: None

Waterfront: No

Elementary School: Northside

Middle School: Jinks

High School: Bay

Directions: At the traffic circle, take the 1st exit onto W 19th St 0.5 mi At the traffic circle, take the 2nd exit onto Balboa Ave 0.9 mi Turn right onto W 12th St 463 ft 1016 W 12th St, Panama City, FL 32401

Area: 02 - Bay County - Central

Street #: 1016

Street Direction: W

Street Name: 12th

Street Suffix: Street

State: FL

Zip Code: 32401

County: Bay

Subdivision: Caroline Add Unit 2

Parcel ID: 18868-000-000

Legal Description: CAROLINE ADD. UNIT #2 W1/2 LOT 3 & PARCEL 100' BY 115' ADJ W. SIDE BLK 5-A ORB 4176 P 1906

Acreage: 0.4

Design: Duplex

Lot Size (SqFt): 17250

Apx SqFt(Htd/Cooled): 3679

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 150 x 115

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Covered Spaces: 2

Driveway Spaces: 10

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 7

Full Baths: 5

Total Baths: 5

Year Built: 1969

Remarks: Dual-Home Family Retreat Near Beach Drive - Live, Rent, or Both! Discover the perfect blend of family living and investment potential in this rare dual-home property near Panama City's Beach Drive and St. Andrews. Ideal for multi-generational families, those needing a mother-in-law suite, or buyers seeking income flexibility, this property offers space, comfort, and opportunity in one. Property Features: Two Homes, One Lot: Separate addresses for privacy or rental income. Front Home: 5 bed, 3 bath, spacious living areas, granite kitchen, and modern upgrades. Back Home: 2 bed, 2 bath cottage — perfect for in-laws, guests, or tenants. Bonus Space: 200+ sq ft garage area ready for a home office, extra bedroom, or entertainment room. Updated & Ready: Post-Hurricane Michael roof, updated HVAC, new appliances, granite countertops, and irrigation system. Parking: Two-car garage with rear alley access for convenience. Investment & Lifestyle Flexibility: Live in one home and rent the other for added income. Use the back home as a mother-in-law suite or short-term rental. Convert the bonus space to boost rental value or expand family living. Prime Location: Steps from Beach Drive waterfront and St. Andrews dining and shops. Close to schools, library, and parks — perfect for families. Central location with easy access to work, shopping, and recreation. With 7 bedrooms, 5 baths, and move-in-ready upgrades, this versatile property suits both family living and long-term investment goals. Enjoy the flexibility to live, rent, or expand — all within minutes of Panama City's coastal charm. Schedule your showing today and explore the possibilities!

First: 1

Dishwasher: 1

Ice Maker: 1

Microwave: 1

Refrigerator: 1

Water Heater - Electric: 1

Brick: 1

Fenced Back Yard: 1

Fenced Lot-All: 1

Guest House: 1

Workshop: 1

Assume w/int: 1

Cash: 1

Conventional: 1

FHA: 1

USDA: 1

VA: 1

Other: 1

Unfurnished: 1

Bonus Room: 1

Alley: 1

Additional Parking: 1

Alley Access: 1

Carport Attached: 1

Drive Through: 1

Driveway: 1

Garage Attached: 1

City: 1

Bedroom: 1

Full Bathroom: 1

Master Bathroom: 1

ShowingTime: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Phone - Available: 1

Public Sewer - Connected: 1

Sewer Available: 1

Public Water - Available: 1

Public Water - Connected: 1

As Is: 1

Second: 1

First: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1