Just Listed
Address
331 Maine Avenue, Panama City, FL
Price
$ 249,000
Property Attributes
- MLS#795808
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City
- Area02 - Bay County - Central
- NeighborhoodWelch Add
- Zip32401
- Style
- Year Built1945
- Taxes$ 2457
- Price$ 249,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1152
- Lot Size0.34 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This versatile property, once a 4 BR 2 BA, has been converted to a 2-unit rental property that is perfect for short- or mid-term rental income or as a single-family main house/mother-in-law suite arrangement. Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there! This property has been rented only on Furnished Finder and by word of mouth. Seller states income for 2025 was $28,710! WHY THIS PROPERTY IS AWESOME: --Multiple possibilities for living/renting - especially as workforce housing for travel nurses, military, contractors, and others --NEW METAL ROOF in 2026! --Other updates/upgrades/repairs made recently. See attached documents. --2 BR, 1 BA in front, 1 BR, 1 BA in back (or restore to 4/2 as noted above) --Stated mid-term rental income of up to $1,700 for front unit, $1,600/mo for back unit - WOW! --Full kitchen in front, efficient kitchenette in back --SOLD FULLY FURNISHED! --Fresh paint in main (front) unit --Driveway parking for 4; boat parking is easy! --HUGE backyard on this 75' x 200' lot. Make your own nature oasis with fruit trees or palms or put in a pickleball court, fire pit, and a pool! --Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and walkable to Gene's Oyster Bar See the full list of updates/upgrades/repairs in the attached DOCUMENTS section. COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!
| Elementary School | Middle School | High School |
|---|---|---|
| Cherry Street Elementary School | Jinks Middle School | Bay High School |
| Price History | |
|---|---|
| 9/24/2026 | Listed $249,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Electricity Available |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Welch Add |
| Special Listing Conditions | Listed As-Is |
| Status | Active |
| Directions | From Business 98 in Millville, turn south onto Maine Ave. Your client's next investment property or primary residence is on the right! |
| High School | Bay |
| City | Panama City |
| Zoning Description | Resid Single Family |
| MLS Area | 02 - Bay County - Central |
| Lot Size Units | Acres |
| Lot Size Square Feet | 15028 |
| Elementary School | Cherry Street |
| Tax Annual Amount | 2457.3 |
| Middle/Junior High School | Jinks |
| MLS Area Minor | 0202 - Bay - Central SE |
| Standard Status | Active |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Vacant |
| Year Built | 1945 |
| Heating | Ductless,Electric |
| Cooling | Ductless,Wall Unit(s) |
| Appliances | Electric Range,Electric Water Heater |
| Patio/Porch Features | Covered,Porch |
| Construction Materials | Vinyl Siding |
| Attached Garage | false |
| Garage Y/N | false |
| Total Rooms | 4 |
| Full Baths | 2 |
| Architectural Style | Bungalow |
| New Construction | false |
Interior Features
| Total Baths | 2 |
|---|---|
| Furnished Units | All Units |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 4 |
| LivingAreaSource | Appraiser |
Exterior Features
| Lot Size Area | 0.34 |
|---|---|
| Lot Dimensions | 72.0 ft x 209.0 ft |
| Lot Size Acres | 0.34 |
| Road Frontage Type | City Street |
| Building Area Total | 1152 |
| Waterfront Y/N | false |
| Road Responsibility | Public Maintained Road |
| Covered Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32401
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
