124 E 2nd Place, Panama City, FL 32401 (MLS# 768582)

124 E 2nd Place, Panama City, FL 32401

$415,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,092 Lot Size (sq. ft.): 7,144 Status: Sold

Current Price: $415,000 List Date: 3/11/2025 Last Modified: 12/18/2025

Overview

Description

Charming & Renovated Duplex in Historic Cove – Investment Opportunity! Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential. Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment—all within a 10 minute walk, or biking distance. In 2023, major updates were completed, including new drywall, insulation, el … (Read more)

Listing Details MLS# 768582

Contract Info

List Price/SqFt: 246.13

Location

Area: 02 – Bay County – Central
Street #: 124
Street Direction: E
Street Name: 2nd
Street Suffix: Place
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: Harmon Plat
Community/Resort: DIB District
Waterfront: No
Parcel ID: 20274-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Head south on Cove Boulevard (FL-77), then turn left onto E 2nd Place—your destination will be on the left, just a short distance from St. Andrews Bay.
Legal Description: HARMON PLAT LOT 3 BLK 3 MAP 105C3 ORB 4629 P 2030

General Property Info

Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 2092
SqFt Source: Prop App Site
Full Baths: 2
Total Baths: 2
Year Built: 1941
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 50X143
Acreage: 0.16
Lot Size (SqFt): 7144
Pool: No

Status Change Info

Under Contract Date: 2025-05-26
Sold Date: 2025-06-12
Sold Price/SqFt: 198.37
Sold Price/Acre: 2593750

Listing Info, Tax and Legal

Homestead: No
HOA Fee: No
Is Subject Leased: No
New Buyer Fee: No
Last Taxes: 6574
Last Tax Year: 2024
Brokerage Interest: No Interest

Remarks & Misc

Remarks: Charming & Renovated Duplex in Historic Cove – Investment Opportunity! Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential. Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment—all within a 10 minute walk, or biking distance. In 2023, major updates were completed, including new drywall, insulation, electrical, and plumbing. Updates have enhanced both the interior and exterior, with fresh paint, upgraded flooring, updated kitchens and bathrooms, and carefully restored details that highlight the home's character. The property also features thoughtfully designed outdoor spaces, added parking, and stylish finishes throughout. Currently furnished as a vacation rental, this duplex is move-in ready and offers a turnkey investment opportunity. Whether you're looking to generate passive income, or own a piece of Panama City history, this versatile property is a rare find in a prime location. Reach out today to learn more!

More Information

Covered Porch

Second: Yes

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Dryer: Yes
Oven – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Tankless: Yes

Interior Features

Floor – Hardwood: Yes
Floor – Tile: Yes
Floor – Vinyl: Yes

Construction/Siding

Foundation – Slab on Grade: Yes
Roof – Metal: Yes
Siding – Hardie Board: Yes

Exterior

Balcony: Yes
Patio Enclosed: Yes

Other Structures

Outbuilding: Yes

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Furnished

Negotiable: Yes

Kitchen

First: Yes
Second: Yes

Living Room

First: Yes
Second: Yes

Lot Features

Near Public Boat Ramp: Yes
Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes
Paved Road: Yes

Parking Features

Alley Access: Yes
Driveway: Yes
Street: Yes

Present Zoning

Resid Single Family: Yes

Rooms

Bedroom: Yes
Covered Porch: Yes
Full Bathroom: Yes
Kitchen: Yes
Living Room: Yes

Utilities

Cable – Available: Yes
Electricity – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Bay: Yes

Sale Type

As Is: Yes

Full Bathroom

First: Yes
Second: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Ceiling Fan(s): Yes
Mini-Split/Ductless: Yes
Window Unit(s): Yes

Heating

Electric: Yes
Mini-Split/Ductless: Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Dryer; Oven – Electric; Refrigerator; Washer; Water Heater – Tankless Full Bathroom: First; Second Bedroom: First; Second Cooling: Ceiling Fan(s); Mini-Split/Ductless; Window Unit(s) Heating: Electric; Mini-Split/Ductless Exterior: Balcony; Patio Enclosed Financing: Cash; Conventional; FHA; VA Furnished: Negotiable Kitchen: First; Second Living Room: First; Second Lot Features: Near Public Boat Ramp; Within 1/2 Mile to Water Lot Access: City Street; Paved Road Covered Porch: Second Parking Features: Alley Access; Driveway; Street Other Structures: Outbuilding Rooms: Bedroom; Covered Porch; Full Bathroom; Kitchen; Living Room Sale Type: As Is Utilities: Cable – Available; Electricity – Connected; Public Sewer – Connected; Public Water – Connected Waterview: Bay Present Zoning: Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Bedroom	First	13 x 11	13.00	11.00
Bedroom	First	13 x 10	13.00	10.00
Bedroom	Second	13 x 11	13.00	11.00
Bedroom	Second	13 x 10	13.00	10.00
Living Room	First	17.5 x 11	17.50	11.00	open floor plan
Kitchen	First	11 x 15	11.00	15.00
Living Room	Second	18 x 11	18.00	11.00
Kitchen	Second	11 x 15	11.00	15.00
Full Bathroom	First	8 x 6	8.00	6.00
Full Bathroom	Second	8 x 6	8.00	6.00
Covered Porch	Second	11 x 7.5	11.00	7.50

Listing Office: Realty One Group Emerald Coast

Last Updated: December – 18 – 2025

Information deemed reliable but not guaranteed.