819 Russ Lake Drive, Panama City, FL 32404

Local realty services provided by:ERA Neubauer Real Estate, Inc.
819 Russ Lake Drive,Panama City, FL 32404
$220,000
  • 5 Beds
  • 3 Baths
  • 2,260 sq. ft.
  • Multi-family
  • Active
Listed by: catriese m johnson
Office: coldwell banker realty
MLS#:769484
Source:FL_BCMLS

Price summary

  • Price:$220,000
  • Price per sq. ft.:$97.35

About this home

Investor Alert! Duplex + Big Lot with Expansion Potential - FHA 203(k) Eligible! Opportunity knocks in Springfield! This 2,260 sq ft permitted duplex sits on a large .31-acre corner lot—zoned mixed-use with the option to build another duplex or rezone for single-family residential. Live in one unit and rent the other, or lease both for instant income. Upstairs: 3 beds / 2 baths + ensuite primary Downstairs: 2 beds / 1 bath + yard access Each unit features indoor laundry, separate utilities, and individual meters—ideal for long- or short-term tenants. Upgrades include: new windows, PEX plumbing, electrical wiring, HVAC & ductwork, recessed lighting, tankless water heater, 2019 roof, new siding, exterior stairs, RV hookups & storage shed. Just 7 miles to Tyndall AFB and 25 minutes to Panama City Beach. Bonus: construction materials on site convey! Expand, rezone, or rent—this property offers options and income! Schedule your showing and Let's Make Deal Today!

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Home facts

  • Year built:1971
  • Listing ID #:769484
  • Added:265 day(s) ago
  • Updated:November 15, 2025 at 04:35 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,260 sq. ft.

Heating and cooling

  • Cooling:CentralAir
  • Heating:Central

Structure and exterior

  • Year built:1971
  • Building area:2,260 sq. ft.
  • Lot area:0.31 Acres

Schools

  • High school:Rutherford
  • Middle school:Rutherford Middle
  • Elementary school:Parker

Finances and disclosures

  • Price:$220,000
  • Price per sq. ft.:$97.35
  • Tax amount:$1,352 (2024)
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