2605 Redwood Street, Panama City Beach, FL 32408

Panama City Beach
Local realty services provided by:ERA Neubauer Real Estate, Inc.
2605 Redwood Street,Panama City Beach, FL 32408
$850,000
  • 10 Beds
  • 8 Baths
  • 4,432 sq. ft.
  • Multi-family
  • Active
Listed by: oscar d forero, heather davis
Office: coldwell banker realty
MLS#:785031
Source:FL_BCMLS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$191.79

About this home

Start 2026 with a strong, stabilized income property at 2605 Redwood Street, a well-maintained duplex consisting of two separate buildings, each featuring two apartments for a total of four units. This turnkey asset is fully leased and positioned to deliver immediate and reliable cash flow. The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1½ bathrooms. All apartments have been renovated with new kitchen, new flooring throughout, and Energy saving appliances. appealing to long-term tenants and supporting consistent occupancy. All apartments have been recently renovated. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, including brand-new flooring throughout, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank. With all apartments currently rented, the property generates an estimated...

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Home facts

  • Year built:1978
  • Listing ID #:785031
  • Added:93 day(s) ago
  • Updated:May 14, 2026 at 02:24 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8
  • Full bathrooms:4
  • Half bathrooms:4
  • Rooms Total:10
  • Kitchen Description:Electric Oven
  • Living area:4,432 sq. ft.

Heating and cooling

  • Cooling:CentralAir
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1978
  • Building area:4,432 sq. ft.
  • Lot area:0.19 Acres
  • Architectural Style:Duplex
  • Construction Materials:Block, Concrete, VinylSiding
  • Exterior Features:Patio

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:Patronis

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$191.79
  • Tax amount:$4,271 (2025)

Features and amenities

  • Amenities:ElectricOven
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