$515,000
Panama City, FL 32401
MLS# 778925
7 beds | 5 baths | 3679 sqft
1 / 70
Open House (12/28/2025 - 1:30 pm - 3:30 pm)
Property Description
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!
Details
Maps
Contract Info
Status: Active
List Date: 2025-09-12
List Price: $515,000
List Price/SqFt: 139.98
Current Price: $515,000
Location
Area: 02 - Bay County - Central
Street #: 1016
Street Direction: W
Street Name: 12th
Street Suffix: Street
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 - Bay - Central SW
Subdivision: Caroline Add Unit 2
Community/Resort: None
Waterfront: No
Parcel ID: 18868-000-000
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
Legal Description: CAROLINE ADD. UNIT #2 W1/2 LOT 3 & PARCEL 100' BY 115' ADJ W. SIDE BLK 5-A ORB 4176 P 1906
General Property Info
Sub-Type: Detached Single Family
Design: Duplex
Apx SqFt(Htd/Cooled): 3679
SqFt Source: Prop App Site
Bedrooms: 7
Full Baths: 5
Total Baths: 5
Year Built: 1969
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Covered Spaces: 2
Driveway Spaces: 10
Lot Dimensions: 150 x 115
Acreage: 0.4
Lot Size (SqFt): 17250
Pool: No
Property Features
Appliances: Dishwasher; Ice Maker; Microwave; Refrigerator; Water Heater - Electric
Full Bathroom: Second
Bedroom: First; Second
Cooling: Ceiling Fan(s); Central Air
Heating: Electric
Exterior: Fenced Back Yard; Fenced Lot-All
Financing: Assume w/int; Cash; Conventional; FHA; USDA; VA; Other
Furnished: Unfurnished
Interior: Bonus Room
Lot Access: Alley
Master Bathroom: First
Parking Features: Additional Parking; Alley Access; Carport Attached; Drive Through; Driveway; Garage Attached
Other Structures: Guest House; Workshop
Rooms: Bedroom; Full Bathroom; Master Bathroom
Sale Type: As Is
Showing: ShowingTime
Utilities: TV Cable; Electricity - Connected; Garbage; Phone - Available; Sewer Available; Public Sewer - Connected; Public Water - Available; Public Water - Connected
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions | Remarks |
| Master Bathroom | First | 14 x 16 | 14.00 | 16.00 | 14 x 16 | Estimate, Buyer Must Verify All Measurents |
| Bedroom | First | 14 x 16 | 14.00 | 16.00 | 14 x 16 | Estimate, Buyer Must Verify All Measurents |
| Bedroom | First | 10 x 10 | 10.00 | 10.00 | 10 x 10 | Estimate, Buyer Must Verify All Measurents |
| Bedroom | First | 10 x 12 | 10.00 | 12.00 | 10 x 12 | Estimate, Buyer Must Verify All Measurents |
| Bedroom | First | 10 x 10 | 10.00 | 10.00 | 10 x 10 | Estimate, Buyer Must Verify All Measurents |
| Bedroom | Second | 14 x 16 | 14.00 | 16.00 | 14 x 16 | Estimate, Buyer Must Verify All Measurents |
| Full Bathroom | Second | 14 x 16 | 14.00 | 16.00 | 14 x 16 | Estimate, Buyer Must Verify All Measurents |
Listing Office: Think Real Estate
Last Updated: December - 27 - 2025
Information deemed reliable but not guaranteed.