7024 Mike Lane, Panama City, FL 32404
Local realty services provided by:CENTURY 21 Ryan Realty
7024 Mike Lane,Panama City, FL 32404
$225,000
- 3 Beds
- 2 Baths
- 1,702 sq. ft.
- Single family
- Active
Listed by: angela m feria
Office: foundation real estate agency llc.
MLS#:785044
Source:FL_BCMLS
Price summary
- Price:$225,000
- Price per sq. ft.:$132.2
About this home
Rare opportunity to acquire a solid brick property at just $107 per square foot with major improvements already completed. This 2,102 sq ft total includes a 1,705 sq ft main home plus a 397 sq ft MIL area.
Big-ticket items are already done: roof (2019), gas A/C (2019), gas water heater (2019), updated electrical panel, windows & slider (2017). Both the main home and MIL area are brick construction, adding long-term durability and lower maintenance costs.
The property features a 320 sq ft Florida room (40x8) with windows—half enclosed and half screened—providing additional flex space not reflected in standard living square footage.
Interior renovations are partially completed, allowing an investor to step in and finish with minimal disruption. Flooring has already been replaced throughout (only a few LVP pieces remain). The master shower was fully tiled in 2021, and the guest bath flooring has been newly tiled.
The MIL area is already equipped with water, electrical, sheetrock, ceiling lights, and window A/C.
Perfect for fix-and-flip, long-term rental, or multi-generational income strategy. With strong bones, updated systems, and a low price per square foot, this property offers exceptional upside for the right investor or family looking to make this home their own!
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Home facts
- Year built:1975
- Listing ID #:785044
- Added:1 day(s) ago
- Updated:February 11, 2026 at 11:32 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,702 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1975
- Building area:1,702 sq. ft.
- Lot area:0.34 Acres
Schools
- High school:Rutherford
- Middle school:Rutherford Middle
- Elementary school:Parker
Finances and disclosures
- Price:$225,000
- Price per sq. ft.:$132.2
- Tax amount:$1,580 (2025)
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