4 Beds
2 Baths
1,152 sqft
$249,000
331 Maine Avenue, Panama City FL, 32401
Price per sqft$216.15
Built in1945
Property size1,152 sqft
Property typeResidential
Overview
Active
Listed Sep 24, 2026
Updated 13 days ago
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!
$1,657/mo
Est. mortgage payment based on a $249,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 795808
Interior Features
- Bedrooms
- 4
- Bathrooms
- 2
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.34 Acres
Other Property Details
- Taxes
- $2,457
- Tax Frequency
- Annually
Courtesy of EXP Realty LLC, January Johnson,
Listing Contact: 850-691-9851
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Silvera Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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