1016 W 12th ST Panama City, FL 32401
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,679 sqft
Price per Sqft $138
Subdivision Caroline Add Unit 2
MLS Listing ID 778925
Style Duplex
Bedrooms 7
Full Baths 5
HOA Y/N No
Year Built 1969
Annual Tax Amount $5,165
Tax Year 2024
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Duplex
Property Description
Discover the perfect blend of family living and investment potential in this rare dual-home property near Panama City's Beach Drive and St. Andrews. Ideal for multi-generational families, those needing a mother-in-law suite, or buyers seeking income flexibility, this property offers space, comfort, and opportunity in one.
Property Features:
Two Homes, One Lot: Separate addresses for privacy or rental income.
Front Home: 5 bed, 3 bath, spacious living areas, granite kitchen, and modern upgrades.
Back Home: 2 bed, 2 bath cottage — perfect for in-laws, guests, or tenants.
Bonus Space: 200+ sq ft garage area ready for a home office, extra bedroom, or entertainment room.
Updated & Ready: Post-Hurricane Michael roof, updated HVAC, new appliances, granite countertops, and irrigation system.
Parking: Two-car garage with rear alley access for convenience.
Investment & Lifestyle Flexibility:
Live in one home and rent the other for added income.
Use the back home as a mother-in-law suite or short-term rental.
Convert the bonus space to boost rental value or expand family living.
Prime Location:
Steps from Beach Drive waterfront and St. Andrews dining and shops.
Close to schools, library, and parks — perfect for families.
Central location with easy access to work, shopping, and recreation.
With 7 bedrooms, 5 baths, and move-in-ready upgrades, this versatile property suits both family living and long-term investment goals. Enjoy the flexibility to live, rent, or expand — all within minutes of Panama City's coastal charm.
Schedule your showing today and explore the possibilities!
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 02 - Bay County - Central
Interior
Heating Electric
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Appliance Electric Water Heater, Ice Maker
Exterior
Parking Features Additional Parking, Alley Access, Drive Through
Garage Spaces 2.0
Garage Description 2.0
Fence Full, Fenced
Community Features Short Term Rental Allowed
Utilities Available Cable Connected, Sewer Available
Private Pool No
Building
Dwelling Type Duplex
Sewer Public Sewer
Architectural Style Duplex
Additional Building Guest House, Workshop
New Construction No
Schools
Elementary Schools Northside
Middle Schools Jinks
High Schools Bay
Others
Tax ID 18868-000-000
Financing Other
Special Listing Condition Listed As-Is
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