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4480 E Highway 98, Panama City, FL 32404

$1,750,000
Property Type: Residential Bedrooms: 20 Baths: 15 Square Footage: 9,720 Status: Sold
Current Price: $2,200,000 List Date: 1/02/2025 Last Modified: 6/18/2025

Description

RARE opportunity to own 10(TEN) 2 bedroom/ 1.5 bath townhomes complete with an additional parcel! Each unit has a separate address and meter making it EASY to manage. Currently used as a mixture of short term rentals, mid-term rentals, staff housing and storage. The proximity to Tyndall AFB, Mexico Beach, Panama City and Panama City Beach make this a DON'T MISS. Owner financing may be an option with a sizable down payment and agreeable terms. Do not disturb guests/tenants. BUYER TO VERIFY ALL INFORMATION DEEMED IMPORTANT. Most furnishings convey. Photos are from one unit. Floor plans are same but furnishings and finishes vary.

More Information MLS# 754439

Listing Info, Tax and Legal

HOA Fee: No New Buyer Fee: No Last Taxes: 5488 Last Tax Year: 2023 Brokerage Interest: No Interest As Is: Yes

Contract Info

List Price/SqFt: 226.34 Status: Sold List Date: 2024-03-18 List Price: $2,200,000 Current Price: $1,750,000

Location

Sub Area: 0202 - Bay - Central SE Community/Resort: None Waterfront: No Elementary School: Parker Middle School: Rutherford Middle High School: Rutherford Directions: Hwy 98 E from Panama City towards Tyndall AFB. Property is on the right Area: 02 - Bay County - Central Street #: 4480 Street Direction: E Street Name: Highway 98 State: FL Zip Code: 32404 County: Bay Subdivision: Horne Memory Plat Parcel ID: 25741-002-000 Legal Description: HORNE MEMORY PLAT (2.21) 119C1 BEG SW COR LOT 2 THENCE NELY 207.43' NWLY 83.89' SWLY 197.04' SELY 81.57' TO POB TOGETHER WITH 20' ESMNT FOR INGRESS/EGRESS BLK 6 **ALSO** BEG 207.75' NWLY OF SW COR LOT 2 BLK 6 TO SLY R/W LI US HWY 98 & 21.24' E ALG R/W FOR POB TH CONT E 153.90' SELY 2.92' SWLY 37.90' ALG CURVE TH SWLY 102.66' TH NWLY ALG CURVE 33.79' NWLY 73.9

General Property Info

Design: N/A Apx SqFt(Htd/Cooled): 9720 Construction Status: Construction Complete SqFt Source: Prop App Site Lot Dimensions: 85x210 New Construction: No Garage Y/N: No Sub-Type: Multi Family Bedrooms: 20 Full Baths: 15 Total Baths: 15 Year Built: 1983

Remarks & Misc

Remarks: RARE opportunity to own 10(TEN) 2 bedroom/ 1.5 bath townhomes complete with an additional parcel! Each unit has a separate address and meter making it EASY to manage. Currently used as a mixture of short term rentals, mid-term rentals, staff housing and storage. The proximity to Tyndall AFB, Mexico Beach, Panama City and Panama City Beach make this a DON'T MISS. Owner financing may be an option with a sizable down payment and agreeable terms. Do not disturb guests/tenants. BUYER TO VERIFY ALL INFORMATION DEEMED IMPORTANT. Most furnishings convey. Photos are from one unit. Floor plans are same but furnishings and finishes vary.

Status Change Info

Sold Price/SqFt: 180.04 Under Contract Date: 2025-01-10 Sold Date: 2025-06-17 Sold Price: $1,750,000

Financing

Cash: 1 Conventional: 1 Lease Option: 1 Seller Financing: 1

Furnished

Partially: 1

Present Zoning

Resid Multi-Family: 1

Rooms

Bedroom: 1 Master Bedroom: 1

Utilities

Public Sewer - Connected: 1 Water Connected: 1

Master Bedroom

Second: 1

Bedroom

Second: 1

Property Features

Master Bedroom: Second Bedroom: Second Financing: Cash; Conventional; Lease Option; Seller Financing Furnished: Partially Rooms: Bedroom; Master Bedroom Utilities: Public Sewer - Connected; Water Connected Present Zoning: Resid Multi-Family

Room Information

Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Master Bedroom Level: Second Dimensions: 18 x 15 Length: 18.00 Width: 15.00 Dimensions: 18 x 15 Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Master Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: Second Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13
Listing Office: Beach Babes Realty LLC
Last Updated: June - 18 - 2025
Information deemed reliable but not guaranteed.
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