11921 Caruso Drive, Panama City, FL 32404

Panama City
Local realty services provided by:ERA Neubauer Real Estate, Inc.
11921 Caruso Drive,Panama City, FL 32404
$325,000
  • 12 Beds
  • 5 Baths
  • 6,788 sq. ft.
  • Single family
  • Active
Listed by: daniel p mccall, rachel knetzer
Office: counts real estate group inc
MLS#:773347
Source:FL_BCMLS

Price summary

  • Price:$325,000
  • Price per sq. ft.:$47.88

About this home

Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation. The building is currently vacant and in need of substantial updates—ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.

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Home facts

  • Year built:1981
  • Listing ID #:773347
  • Added:471 day(s) ago
  • Updated:March 19, 2026 at 02:37 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:12
  • Dining Description:Handicap Accessible
  • Bathrooms Description:Handicap Access
  • Bedroom Description:Handicap Access
  • Living area:6,788 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1981
  • Building area:6,788 sq. ft.
  • Lot area:0.98 Acres
  • Levels:1 Story

Schools

  • High school:Rutherford
  • Middle school:Rutherford Middle
  • Elementary school:Callaway

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$47.88
  • Tax amount:$1,585 (2024)
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