206 E 2nd Court #A & B, Panama City, FL 32401
Local realty services provided by:ERA Neubauer Real Estate, Inc.
206 E 2nd Court #A & B,Panama City, FL 32401
$309,000
- 3 Beds
- 2 Baths
- 1,329 sq. ft.
- Single family
- Active
Listed by: katelyn dimond, britt matthews
Office: beachy beach real estate
MLS#:784339
Source:FL_BCMLS
Price summary
- Price:$309,000
- Price per sq. ft.:$232.51
About this home
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/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....
Contact an agent
Home facts
- Year built:1934
- Listing ID #:784339
- Added:56 day(s) ago
- Updated:March 26, 2026 at 10:09 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:12
- Bathrooms Description:Storage
- Kitchen Description:Electric Oven, Electric Range, Electric Water Heater
- Bedroom Description:Storage
- Living area:1,329 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir, Ductless, MultiUnits, SeparateMeters
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Composition, Shingle
- Year built:1934
- Building area:1,329 sq. ft.
- Lot area:0.15 Acres
- Construction Materials:Block
- Exterior Features:Porch
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$309,000
- Price per sq. ft.:$232.51
- Tax amount:$3,730 (2025)
Features and amenities
- Amenities:ElectricOven, ElectricRange, ElectricWaterHeater, Storage
Parking
- Parking description:Alley Access, Gravel
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