1016 W 12th Street, Panama City, FL 32401
Local realty services provided by:ERA Neubauer Real Estate, Inc.
1016 W 12th Street,Panama City, FL 32401
$500,000
- 7 Beds
- 5 Baths
- 3,679 sq. ft.
- Multi-family
- Active
Listed by: joshua w wade
Office: think real estate
MLS#:778925
Source:FL_BCMLS
Price summary
- Price:$500,000
- Price per sq. ft.:$135.91
About this home
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!
Contact an agent
Home facts
- Year built:1969
- Listing ID #:778925
- Added:153 day(s) ago
- Updated:February 13, 2026 at 04:36 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Full bathrooms:5
- Living area:3,679 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir
- Heating:Electric
Structure and exterior
- Year built:1969
- Building area:3,679 sq. ft.
- Lot area:0.4 Acres
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Northside
Utilities
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$500,000
- Price per sq. ft.:$135.91
- Tax amount:$5,165 (2024)
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