819 Russ Lake Drive, Panama City, FL 32404

Panama City
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
  • Pending
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!

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1971
  • Listing ID #:769484
  • Added:392 day(s) ago
  • Updated:March 19, 2026 at 07:19 AM

Rooms and interior

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

Heating and cooling

  • Cooling:CentralAir
  • Heating:Central
  • Central air:Yes

Structure and exterior

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

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)
The information being provided by Central Panhandle Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Central Panhandle Association Of REALTORS®. ERA Neubauer Real Estate, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA Neubauer Real Estate, Inc., a broker participant of Central Panhandle Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Central Panhandle Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Central Panhandle Association Of REALTORS®. All rights reserved.

New listings near 819 Russ Lake Drive