206 E 2nd Court #A & B, Panama City, FL 32401
Local realty services provided by:ERA American Real Estate
206 E 2nd Court #A & B,Panama City, FL 32401
$319,000
- 3 Beds
- 2 Baths
- 1,329 sq. ft.
- Single family
- Active
Listed by: britt matthews
Office: beachy beach real estate
MLS#:994435
Source:FL_ECAR
Price summary
- Price:$319,000
- Price per sq. ft.:$240.03
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/mo.
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. Rented: $900/mo.
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.
A third structure provides dedicated laundry for Unit B and additional storage for both homes, increasing functionality and tenant appeal.
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 are to be verified by Buyer....
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Home facts
- Year built:1934
- Listing ID #:994435
- Added:93 day(s) ago
- Updated:May 05, 2026 at 02:39 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:12
- Kitchen Description:Dishwasher, Range Hood, Refrigerator, Stove/Oven Electric
- Living area:1,329 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:1934
- Building area:1,329 sq. ft.
- Lot area:0.15 Acres
- Architectural Style:Florida Cottage
- Exterior Features:Fenced Area
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Water:Public Water
Finances and disclosures
- Price:$319,000
- Price per sq. ft.:$240.03
- Tax amount:$3,730 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Range Hood, Refrigerator, Stove/Oven Electric, Washer
- Laundry features:Dryer, Washer
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