1010 E 2nd Place, Panama City, FL 32401 (MLS# 785607)

1010 E 2nd Place, Panama City, FL 32401

$153,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 900 Lot Size (sq. ft.): 13,460 Status: Sold

Current Price: $153,000 List Date: 2/21/2026 Last Modified: 4/15/2026

Overview

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 loc … (Read more)

Listing Details MLS# 785607

Contract Info

List Price/SqFt: 188.89

Location

Area: 02 – Bay County – Central
Street #: 1010
Street Direction: E
Street Name: 2nd
Street Suffix: Place
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: Cove Terrace 3rd Add
Community/Resort: Bunkers Cove
Waterfront: No
Parcel ID: 21988-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
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.
Legal Description: COVE TERRACE 3RD ADD. LOT 2 BLK C ORB 4326 P 891

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 900
SqFt Source: Prop App Site
Full Baths: Yes
Total Baths: Yes
Year Built: 1950
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: Yes
Lot Dimensions: 100 x 135
Acreage: 0.31
Lot Size (SqFt): 13460
Pool: No

Status Change Info

Under Contract Date: 2026-02-27
Sold Date: 2026-04-10
Sold Price/SqFt: 170
Sold Price/Acre: 493548.39

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 166
Last Tax Year: 2025
Brokerage Interest: No Interest

Remarks & Misc

Remarks: 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.

More Information

Appliances

Range – Electric: Yes
Refrigerator: Yes

Interior Features

Floor – Vinyl Plank: Yes

Construction/Siding

Block: Yes

Exterior

Fenced Chain Link: Yes
Porch Covered: Yes

Furnished

Unfurnished: Yes

Living Room

First: Yes

Lot Access

City Street: Yes

Parking Features

Garage Detached: Yes

Present Zoning

Resid Single Family: Yes

Rooms

Bedroom: Yes
Living Room: Yes

Utilities

Public Sewer – Connected: Yes
Public Water – Connected: Yes

Sale Type

As Is: Yes

Bedroom

First: Yes

Cooling

Window Unit(s): Yes
Other – See Remarks: Yes

Property Features

Appliances: Range – Electric; Refrigerator Bedroom: First Cooling: Window Unit(s); Other – See Remarks Exterior: Fenced Chain Link; Porch Covered Furnished: Unfurnished Living Room: First Lot Access: City Street Parking Features: Garage Detached Rooms: Bedroom; Living Room Sale Type: As Is Utilities: Public Sewer – Connected; Public Water – Connected Present Zoning: Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width
Living Room	First	14 x 12	14.00	12.00
Bedroom	First	11 x 10	11.00	10.00
Bedroom	First	10 x 9	10.00	9.00
Bedroom	First	10 x 9	10.00	9.00

Listing Office: Counts Real Estate Group Inc

Last Updated: April – 15 – 2026

Information deemed reliable but not guaranteed.