Sold
Address
1010 E 2nd Place, Panama City, FL
Price
$ 153,000
Property Attributes
- MLS#785607
- TypeSingle Family
- Listing Status Closed
- CountyBay
- CityPanama City
- Area02 - Bay County - Central
- NeighborhoodCove Terrace 3rd Add
- Zip32401
- Style
- Year Built1950
- Taxes$ 166
- Price$ 153,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage900
- Lot Size0.31 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Opportunity property with value-add potential in Panama City. This 3-bedroom, 1-bath home offers 900 square feet on an oversized 0.309-acre lot inside city limits. The roof was replaced in 2019, providing a key structural update already completed. The single-story layout includes vinyl plank flooring, a functional living and dining area, built-in bedroom storage, and a dedicated laundry space. A screened front porch adds covered outdoor space, while the detached one-car garage is connected by a covered breezeway for convenient access. The fenced backyard offers, generous depth, and room for future improvements or expansion. With no HOA restrictions and a large lot size, the property provides flexibility for renovation and long-term upside. Located near Downtown Panama City and St. Andrews Bay, this home offers convenient access to shopping, dining, parks, and waterfront amenities within Bay County. A strong opportunity in an established residential setting. Conveniently located near everyday amenities, the property is approximately 1.2 miles from Downtown Panama City and about 1.1 miles from St. Andrews Bay access. Grocery options including Publix Super Market at Millville are approximately 0.8 miles away, with additional shopping and dining along 15th Street within roughly 1 to 1.5 miles. Oakland Terrace Park is approximately 0.6 miles away for outdoor recreation. Nearby schools include Cherry Street Elementary approximately 0.9 miles away, Rosenwald High School approximately 0.7 miles away, Jinks Middle School approximately 1.3 miles away, and Bay High School approximately 1.5 miles away.
| Elementary School | Middle School | High School |
|---|---|---|
| Cherry Street Elementary School | Jinks Middle School | Bay High School |
| Price History | |
|---|---|
| 2/21/2026 | Listed $170,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Cove Terrace 3rd Add |
| Special Listing Conditions | Listed As-Is |
| Status | Closed |
| Directions | From Hathaway Bridge, travel west on US-98 Business toward Panama City for approximately 3.5 miles. Turn right onto E 11th Street and continue for about 0.5 miles, then turn left onto Sherman Avenue. Proceed approximately 0.3 miles and turn right onto 2nd Place. The property will be located on the left. Estimated drive time is approximately 8 to 10 minutes, depending on traffic. |
| 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 | 13460 |
| Elementary School | Cherry Street |
| Tax Annual Amount | 166 |
| Middle/Junior High School | Jinks |
| MLS Area Minor | 0203 - Bay - Central SW |
| Standard Status | Closed |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Vacant |
| Year Built | 1950 |
| Cooling | Other,See Remarks,Window Unit(s) |
| Appliances | Electric Range |
| Patio/Porch Features | Covered,Porch |
| Construction Materials | Block |
| Attached Garage | false |
| Garage Y/N | true |
| Total Rooms | 4 |
| Full Baths | 1 |
| Garage Spaces | 1 |
| Architectural Style | Coastal |
| New Construction | false |
Interior Features
| Total Baths | 1 |
|---|---|
| Furnished Units | None |
| Air Conditioning Y/N | true |
| Total Bedrooms | 3 |
| LivingAreaSource | Appraiser |
Exterior Features
| Lot Size Area | 0.31 |
|---|---|
| Lot Dimensions | 100 x 135 |
| Mobile Home Dimensions | Feet |
| Lot Size Acres | 0.31 |
| Road Frontage Type | City Street |
| Building Area Total | 900 |
| Waterfront Y/N | false |
| Road Responsibility | Public Maintained Road |
| Fencing | Chain Link |
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.
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 may be interested in purchasing. The data relating
