$397,000

5203 E 4Th Street, Panama City, FL 32404

3 beds |
2 baths |
1,875 sqft

Single-Family Home
Built in 1960
2.89acre lot
—— car garage
$212/sqft
Listed 2 months ago

Property Description

2.88-acre multi-residence property located in the heart of Panama City. Zoned for up to 8.99 townhomes or 4 duplexes per acre. Offering exceptional space, privacy, and versatility, this sprawling estate is ideal for multi-generational living, investment income, or a private retreat with room to grow. The main residence is a fully renovated cinderblock home featuring three bedrooms and 1.5 baths, plus a dedicated mother-in-law suite. The home has been thoughtfully updated from top to bottom with modern finishes, including: - New flooring and fresh paint throughout - A durable metal roof - An updated kitchen with new appliances - Completely remodeled bathrooms featuring new vanities, toilets, and a brand-new soaker tub. Bright, open, and built to last, this home is truly move-in ready! Adding potential value is a separate 2-bedroom, 1-bath mobile home. With some TLC this would be ideal for extended family, guests, or rental income. The property continues to impress outdoors with a detached 2-car garage for vehicles, storage, or a workshop, Large pole barn, perfect for boats, RVs, equipment, or hobbies and a serene pond nestled at the center of the property, surrounded by mature trees, creating a peaceful natural retreat. The Property features expansive open land with established driveways and multiple access points. Enjoy the privacy and space of country living while remaining just minutes from shopping, dining, schools, and all that Panama City has to offer. Properties with multiple dwellings, acreage, and this level of convenience are hard to find. Whether you're looking for a family compound, income-producing property, or a one-of-a-kind homestead, this property checks every box! Schedule your private showing today.

Listing Status:: Active
Date Added:: April 1, 2026
Data Last Updated:: April 2, 2026 at 4:23PM
Listing Office:: Paradise Properties : 850-588-7136
Listing Agent:: Savannah Z Hamilton : 850-890-1300
MLS ID:: 999484

General: Breakfast BarRecessed Lighting
Appliances: DishwasherDryerRefrigeratorWasherElectric Water Heater
Flooring: Vinyl
A/C: Central Air
Heating: Central

Style: Ranch
Parking: Attached Carport

General: Block1

Road/Access: City Street
Originating MLS: Emerald Coast Association of REALTORS®
County: Bay

Zoning: Resid Single Family24417-000-000

Water: 0

Source: Emerald Coast Association of REALTORS®

This listing courtesy of Savannah Z Hamilton , Paradise Properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Parker Elementary School

640 S Highway 22 A, Panama City, FL, 32404

Grades PK-5

1.33 miles away

Rutherford High School

1000 School Ave, Panama City, FL, 32401

Grades 6-12

1.40 miles away

Rutherford High School

1000 School Ave, Panama City, FL, 32401

Grades 6-12

1.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.