206 E 2nd Court #A & B, Panama City, FL 32401
Local realty services provided by:CENTURY 21 AllPoints Realty
206 E 2nd Court #A & B,Panama City, FL 32401
$309,000
- 3 Beds
- 2 Baths
- 1,329 sq. ft.
- Single family
- Active
Listed by: katelyn dimond, britt matthews
Office: beachy beach real estate
MLS#:784339
Source:FL_BCMLS
Price summary
- Price:$309,000
- Price per sq. ft.:$232.51
About this home
Rare opportunity in the COVE, Panama City, FL -- two-dwelling properties like this are extremely hard to find! This unique income-producing property features three separate structures, two dwelling units, separate utilities, and brand-new roofs on all buildings, making it an ideal option for investors, house hackers, multi-generational living, or short-term/long-term rental strategies.
This home is only 1/2 mile from Harrison Avenue and downtown Panama City, an area that blends historic charm with modern energy. Situated on the shores of St. Andrews Bay, downtown has experienced a resurgence in recent years, with new shops, restaurants, breweries, galleries, and community events revitalizing its historic core.
The front home is vacant and fully remodeled (2023) and offers 2 bedrooms, 1 bathroom, and 859 sq. ft. of living space. Updates include a new A/C (2025, under warranty), impact skylight, new appliances, washer & dryer, new plumbing, new flooring, new blinds, and a fully fenced private yard with off-street parking and storage. Previous rent: $1,900/mo.
Unit B features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and separate driveway with private alley access -- perfect for rental income, guest suite, or entertainment space. Rented: $900/mo.
A third structure provides dedicated laundry for Unit B and additional storage for both homes, increasing functionality and tenant appeal.
Each unit has separate electric and water meters, allowing for a true income-producing operation that offers privacy for each unit and simplified property management.
Located in the highly desirable Cove area of Panama City, this property offers charm, convenience, and long-term value just minutes from downtown shopping, dining, schools, and the water. This is a unique investment opportunity in one of the city's most established neighborhoods!
Measurements provided by last appraisal. Buyer to verify....
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Home facts
- Year built:1934
- Listing ID #:784339
- Added:46 day(s) ago
- Updated:March 16, 2026 at 10:41 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:12
- Bathrooms Description:Storage
- Kitchen Description:Electric Oven, Electric Range, Electric Water Heater
- Bedroom Description:Storage
- Living area:1,329 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir, Ductless, MultiUnits, SeparateMeters
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Composition, Shingle
- Year built:1934
- Building area:1,329 sq. ft.
- Lot area:0.15 Acres
- Construction Materials:Block
- Exterior Features:Porch
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$309,000
- Price per sq. ft.:$232.51
- Tax amount:$3,730 (2025)
Features and amenities
- Amenities:ElectricOven, ElectricRange, ElectricWaterHeater, Storage
Parking
- Parking description:Alley Access, Gravel
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