PANAMA CITY 4 Beds 2.5 Baths

About this property

Property Overview Address: Panama City, FL 32405 Property Type: Single Family Beds/Baths: 4 bed / 2.5 bath Size: Approximately 2,215 sq ft heated and cooled Year Built: 1978 Lot Size: 9,757 sq ft Neighborhood: Established Venetian Villa area in central Panama City Current Condition: Light rehab Asking Price: $289,100 Key Features & Highlights Spacious two-story layout with multiple living areas Sunken family room with fireplace Formal dining area for added functionality Attached garage Fenced backyard for privacy and outdoor use Convenient access to schools, shopping, restaurants, and major roadways Strong upside potential in a well-located Panama City neighborhood Repairs Needed Interior cosmetic updates General light rehab items throughout ARV Breakdown & Comparables Estimated ARV: $482,556 Approx. ARV Per Sq Ft: About $218/sf based on 2,215 sq ft and the provided ARV estimate Reifax Closed-Sale / Near-Closed Comparables: 4040 Kristanna Dr, Panama City, FL 32405 - 4 bed / 2.5 bath, 3,106 sq ft, sale price $289,100 1009 N Discovery Loop, Panama City, FL 32405 - 4 bed / 2.5 bath, 3,286 sq ft, sale price $289,100 1700 Sweet Pea Ct, Panama City, FL 32405 - 4 bed / 2.5 bath, 3,368 sq ft, sale price $289,100 1604 New Jersey Ave, Lynn Haven, FL 32444 - 3 bed / 2.5 bath, 3,753 sq ft, sale price $289,100 4326 Schooner Ln, Lynn Haven, FL 32444 - 4 bed / 2.5 bath, 2,989 sq ft, sale price $289,100 4411 Baywood Dr, Lynn Haven, FL 32444 - 4 bed / 2 bath, 2,905 sq ft, sale price $289,100 1303 Wildridge Rd, Lynn Haven, FL 32444 - 3 bed / 3 bath, 3,218 sq ft, sale price $289,100 Value Takeaway: Subject property offers a smaller, older home in a desirable central Panama City location with strong layout appeal and renovation upside. Nearby comparable sales indicate meaningful spread between current price and renovated retail potential. Renovated 4/2.5 homes in the broader Panama City / Lynn Haven corridor are supporting a premium finish level. The information provided in this section (ARV and comparables) is for demonstrative purposes only and should not be taken as fact. Investment Potential Attractive light-rehab opportunity with solid equity upside Functional floor plan and large lot enhance resale appeal Strong positioning for a fix-and-flip or buy-and-hold investor Price point allows room for updates while targeting a higher-end retail exit Properties with this kind of layout, lot size, and renovation potential do not last long.

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