Ad #7846404
MLS #999484
2.88-acre multi-residence property located in the heart of
5203 E 4Th St, Panama City, FL 32404
$359,000
3Beds
2Baths
1,875Sqft
2.89Acres
About this property
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.
Property Features
3 Beds
2 Baths
1,875 Sqft
Built in 1960
2.89 Acres
1 Story
Carport
Siding: Block
Central
$3,033 / yr property tax
Bay County
Callaway Community
Additional Photos
Contact Information
Savannah Z Hamilton
Paradise Properties
850-890-1300
Location
Listing Agent: Savannah Z Hamilton (License #: 3408859) 850-890-1300
Broker: Paradise Properties 850-588-7136 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Paradise Properties 850-588-7136 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
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$359,000
3
Beds
2
Baths
1,875
Sqft
5203 E 4Th St, Panama City, FL 32404
By contacting this agent you agree to these Terms and Conditions.
MLS# 999484
2.88-acre multi-residence property located in the heart of
$359,000
5203 E 4Th St, Panama City, FL 32404
3
Beds
2
Baths
1,875
Sqft
2.89
Acres
$359,000
5203 E 4Th St, Panama City, FL 32404
3 Beds
2 Baths
1,875 Sqft
2.89 Acres
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.
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Property Details
HOME DETAILS
3 Beds
2 Baths
1,875 Sqft
Built in 1960
2.89 Acres
1 Story
EXTERIOR
Carport
Siding: Block
INTERIOR
Central
FINANCIAL & COMMUNITY
$3,033 / yr property tax
Bay County
Callaway Community
See More Details
Location
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Ad Statistics
Ad Number
7846404
Viewed
22 times
Listing Status
Pending
Added
Jun 19, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Emerald Coast Association of Realtors
Source Property ID
999484
Listing Agent: Savannah Z Hamilton (License #: 3408859) 850-890-1300
Broker: Paradise Properties 850-588-7136 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Paradise Properties 850-588-7136 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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