- ERA
- Florida
- Panama City
- 206 E 2nd Court #A & B
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
$329,000
- 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:$329,000
- Price per sq. ft.:$247.55
About this home
Rare opportunity in the COVE, Panama City, FL — two-dwelling properties like this are extremely hard to find! This unique income-producing property features three separate structures, two dwelling units, separate utilities, and brand-new roofs on all buildings, making it an ideal option for investors, house hackers, multi-generational living, or short-term/long-term rental strategies.
This home is only 0.5 miles from Harrison Avenue and downtown Panama City, an area that blends historic charm with modern energy. Situated on the shores of St. Andrews Bay, downtown has experienced a resurgence in recent years, with new shops, restaurants, breweries, galleries, and community events revitalizing its historic core.
The front home is vacant and fully remodeled (2023) and offers 2 bedrooms, 1 bathroom, and 859 sq. ft. of living space. Updates include a new A/C (2025, under warranty), impact skylight, new appliances, washer & dryer, new plumbing, new flooring, new blinds, and a fully fenced private yard with off-street parking and storage. Previous rent: $1,900/month.
Unit B features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and separate driveway with private alley access — perfect for rental income, guest suite, or entertainment space.
A third structure provides dedicated laundry for Unit B and additional storage for both homes, increasing functionality and tenant appeal.
Each unit has separate electric and water meters, allowing for a true income-producing operation that offers privacy for each unit and simplified property management.
Located in the highly desirable Cove area of Panama City, this property offers charm, convenience, and long-term value just minutes from downtown shopping, dining, schools, and the water. This is a unique investment opportunity in one of the city's most established neighborhoods!
Measurements provided by last appraisal. Buyer to verify.
Contact an agent
Home facts
- Year built:1934
- Listing ID #:784339
- Added:1 day(s) ago
- Updated:January 31, 2026 at 12:48 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,329 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir, Ductless, MultiUnits, SeparateMeters
- Heating:Central, Electric
Structure and exterior
- Year built:1934
- Building area:1,329 sq. ft.
- Lot area:0.15 Acres
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$329,000
- Price per sq. ft.:$247.55
- Tax amount:$3,730 (2025)
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