6035 E Highway 98, Panama City, FL 32404
Local realty services provided by:ERA Neubauer Real Estate, Inc.



Listed by:dennis m dunnigan
Office:coastal choice realty llc.
MLS#:759541
Source:FL_BCMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$232.23
About this home
Exceptionally Unique Bayfront Property with Tons of Investment Potential! Picturesquely situated on a 0.75-acre parcel with a gorgeous white sandy beaches and emerald waters, this rarely available property impresses with 6 rental units (four cottages and a duplex), along with a beautiful main home. Current gross income is $45,120 annually but that is without any income for the main home and one additional cottage that owner keeps vacant for friends, etc. Main home should easily rent for minimum $2000 per month and additional cottage $800-$1000, grossing over $79,000 annually as long term rentals. Mixed Use 2 (Parker) zoning. Approaching the property, you immediately notice the fabulous Floridian aesthetic with lavish verdant greenery, swaying palms, and multiple outdoor spaces. Lovingly owned by a devoted artist, the residences are adorned with whimsical touches, evoking an ethereal quality. Explore the 2+BR main home to discover an openly flowing layout, wood beamed ceilings, stunning wood accents, spacious living room with a wood burning fireplace and stone wall accent, elegant formal dining area, and an eat-in kitchen featuring a stainless-steel double oven and cooktop, ample cabinets, granite countertops, microwave, dishwasher, and a breakfast area. Each bedroom varies in size for versatile accommodations, while the two art studios and library satisfy a variety of lifestyle-specific flex space needs. Unlimited entertainment options abound in the scenic backyard. Fashioned with an enormous deck, the outdoor space beckons weekend barbeques, summer birthday bashes, or quiet morning meditations. Equally charming as it is captivating, the sandy beach is the ideal place to find blissful relaxation and memorable conversations with loved ones. So many watersports such as kayaking, paddleboarding, jet skis and so much more right from your own personal shoreline. The six rental units offer unlimited income potential either as long term rentals, or AirBNB. This property is also located right next to Tyndall Air Force Base offering another large opportunity for people needing a rental property. Additional considerations include available open parking areas at each rental and for the home as well as a 2 car detached garage for the home. laundry area, luminous atrium, custom pergola, all this just steps from Flyby Coffee and Pizzeria Napoli, near shopping, restaurants, schools, Under the Oaks Park, marinas, entertainment, and recreational areas, public boat ramp and so much more! Whether you are a savvy homebuyer or a seasoned investor, this incredible property delivers a multitude of possibilities for daily living and positive cashflow. Call now to schedule your private showing! Rental Units:Duplex = 2 units 1200 sq ft 3/2,Cottage 1 516 sq ft 2/1,Cottage 2 516 sq ft 2/1,Cottage 3 516 sq ft 2/1,Cottage 4 468 sq ft 2/1,Main house 1736 sq ft bayfront plus 2 car garage.
Contact an agent
Home facts
- Year built:1949
- Listing Id #:759541
- Added:406 day(s) ago
- Updated:August 13, 2025 at 10:40 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:4,952 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir, Electric
- Heating:Central, Electric
Structure and exterior
- Roof:Metal
- Year built:1949
- Building area:4,952 sq. ft.
- Lot area:0.75 Acres
Schools
- High school:Rutherford
- Middle school:Rutherford Middle
- Elementary school:Tyndall
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$232.23
- Tax amount:$2,208 (2023)
New listings near 6035 E Highway 98
- New$139,900Active4 beds 3 baths2,416 sq. ft.
711 Sanders Lane, Panama City, FL 32401
MLS# 777640Listed by: OVERSTREET REALTY - New$399,000Active4 beds 2 baths1,936 sq. ft.
6940 Yellow Bluff Road, Panama City, FL 32404
MLS# 777634Listed by: KELLER WILLIAMS SUCCESS REALTY - New$178,000Active3 beds 2 baths1,230 sq. ft.
6507 Winona Street, Panama City, FL 32404
MLS# 777637Listed by: STARS REALTY - New$319,900Active4 beds 2 baths1,812 sq. ft.
6416 Bellavia Lane, Panama City, FL 32404
MLS# 777619Listed by: EMPIRE REAL ESTATE OF FLORIDA LLC - New$210,000Active3 beds 2 baths1,209 sq. ft.
1313 Caldwell Drive, Panama City, FL 32401
MLS# 777608Listed by: HITCHCOCK REAL ESTATE LLC - New$149,999Active3 beds 2 baths1,152 sq. ft.
7332 Copenhagen Lane, Panama City, FL 32404
MLS# 777609Listed by: THE NAUMANN GROUP REAL ESTATE, INC - New$189,000Active0.29 Acres
1444 W Park Drive, Panama City, FL 32404
MLS# 777612Listed by: EXP REALTY LLC - New$1,800Active3 beds 2 baths1,000 sq. ft.
1111 Fortune #A, Panama City, FL 32401
MLS# 777613Listed by: SUGAR SHORE PROPERTIES - New$190,000Active3 beds 2 baths1,092 sq. ft.
2411 W 11th Street, Panama City, FL 32401
MLS# 777614Listed by: CENTURY 21 COMMANDER REALTY - New$443,900Active4 beds 2 baths1,859 sq. ft.
237 Hamilton Avenue, Panama City, FL 32401
MLS# 777604Listed by: COUNTS REAL ESTATE GROUP