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Listed price in listed location currency (USD).
$299,999

320

MLS® 784339

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage 
Taxes $3,730
Days Active 78
Lot Size 
Approx. Age 1934
MLS® Number 784339

Property Address: a-and-b-206 E 2nd Ct, Panama City, FL, 32401-3215

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number784339
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1934
Basement
DrivewayAlley Access, Gravel
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Kitchen:First Floor7 × 9 ft
Bathroom 2:First Floor5 × 9 ft
Living Room:First Floor17 × 12 ft
Bathroom 1:First Floor5 × 7 ft
Other:First Floor5 × 15 ft
Bedroom 1:First Floor9 × 12 ft
Other:First Floor8 × 23 ft
Laundry:First Floor4 × 8 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 29, 2026List Date
$299,999List Price

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