206 E 2nd Court A & B, Panama City, FL 32401 (MLS# 784339)

List Price/SqFt: 225.73

Status: Sold

List Date: 2026-01-28

List Price: $299,999

Current Price: $296,000

Unit #: A & B

Sub Area: 0203 - Bay - Central SW

Community/Resort: DIB District

Waterfront: No

Elementary School: Cherry Street

Middle School: Jinks

High School: Bay

Directions: South on Cove Blvd., Right on 2nd Ct., Home will on left side of street.

Area: 02 - Bay County - Central

Street #: 206

Street Direction: E

Street Name: 2nd

Street Suffix: Court

State: FL

Zip Code: 32401

County: Bay

Subdivision: Harmon Plat

Parcel ID: 20253-000-000

Legal Description: HARMON PLAT LOT LOT 5 BLK 1 ORB 4707 P 823

Acreage: 0.15

Design: Florida Cottage

Lot Size (SqFt): 6534

Apx SqFt(Htd/Cooled): 1329

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: An Appraiser

# of Units in Bldg: 2

Lot Dimensions: 50 x 130

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 1934

HOA Fee: No

Is Subject Leased: No

New Buyer Fee: No

Last Taxes: 3730

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Rare opportunity in the Cove, Panama City! Two-dwelling properties like this are hard to find. This already income-producing setup includes three structures total: The primary, front house, an entirely separate guest house (ADU), and a storage building with enough space for both homes. The upgrades, separate utility meters, proven rental history, and privacy fencing for each home makes this find ideal for investors, house hacking, multi-generational living, or versatile rental strategies! Just ½ mile from Harrison Avenue and downtown Panama City, you're right near the heart of a revitalized waterfront district filled with local shops, restaurants, breweries, galleries, and year-round community events along St. Andrews Bay. The front home is fully renovated (2023) and vacant, offering 2 bedrooms, 1 bathroom, and 859 sq. ft. Recent updates include a new A/C (2025, under warranty), impact skylight, appliances, washer & dryer, plumbing, flooring, blinds, a privately fenced yard, spacious off-street parking, and designated storage. Previously rented for $1,900 and $1750/month. The back home features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and its own driveway with alley access - perfect for rental income, guests, office space, relative housing, or a private retreat for yourself. It's a versatile space ready to be tailored to your vision. It is currently income producing, bringing in a steady $900 per month. A third structure provides a dedicated laundry room for the back house plus a second room for additional storage, adding convenience and tenant appeal. Separate electric and water meters for each unit allow for streamlined management and true income potential. This property is essentially a 2-for-1 steal! Located in one of Panama City's most established and sought-after neighborhoods, this property blends character, convenience, and long-term value just minutes from downtown, the bay, and everything that makes the Cove so special! Come see for yourself.

Sold Price/SqFt: 222.72

Sold Price/Acre: 1973333.33

Under Contract Date: 2026-04-17

Sold Date: 2026-05-18

Sold Price: $296,000

First: 1

First: 1

First: 1

Dishwasher: 1

Dryer: 1

Oven - Electric: 1

Range - Electric: 1

Range Hood: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Floor - Laminate: 1

Block: 1

Foundation - Off Grade: 1

Roof - Composite Shngl: 1

Siding - Hardie Board: 1

Fenced Back Yard: 1

Porch Covered: 1

Guest House: 1

Outbuilding: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Other: 1

Unfurnished: 1

First: 1

First: 1

Within 1/2 Mile to Water: 1

City Street: 1

Alley Access: 1

Gravel: 1

Resid Single Family: 1

Bedroom: 1

Covered Porch: 1

Full Bathroom: 1

Kitchen: 1

Laundry: 1

Living Room: 1

Storage: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

As Is: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Mini-Split/Ductless: 1

Multi Units: 1

Separate Meters: 1

Central: 1

Electric: 1

Mini-Split/Ductless: 1