Homes Land & Shore

1421 Martin Luther King Junior Boulevard A-D, Panama City, FL 32401 (MLS# 789241)

1421 Martin Luther King Junior Boulevard A-D, Panama City, FL 32401

New Listing
$818,000
Property Type: Residential Bedrooms: 8 Baths: 12 Square Footage: 4,028 Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $818,000 List Date: 5/01/2026 Last Modified: 5/01/2026

Overview

Description

Brand-New Quadruplex Across from MLK Recreation Center – Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming — making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id numbe …

Listing Details MLS# 789241

Contract Info

List Price/SqFt
203.08

Location

Area
02 – Bay County – Central
Street #
1421
Street Name
Martin Luther King Junior
Street Suffix
Boulevard
Unit #
A-D
State
FL
Zip Code
32401
County
Bay
Sub Area
0203 – Bay – Central SW
Subdivision
Long Point Park 1st Add
Community/Resort
None
Waterfront
No
Parcel ID
17553-030-000
Elementary School
Northside
Middle School
Jinks
High School
Bay
Directions
From the Panama City Mall, continue south on Hwy 77, also known as N Cove Blvd and MLK Blvd. Cross over 15th St, just past Viktoriyas Coffee Shop you'll 1421 on your right. Turn onto Washington St to access property.
Legal Description
LINCOLN PARK 1ST ADD. BEG SW COR LOT 17 BLK 3 TH N 19.83' E 122.58' TO W ROW LI OF MLK BLVD TH S 19.83' TO N ROW LI OF WASHINGTON DR TH W 112.55' TO POB ORB 4968 P 512

General Property Info

Sub-Type
Quadplex Multi-Units
Design
N/A
Apx SqFt(Htd/Cooled)
4028
SqFt Source
Builders Plans
Full Baths
8
Half Baths
4
Total Baths
12
Year Built
2026
Construction Status
Construction Complete
New Construction
Yes
Garage Y/N
Yes
Garage Spaces
4
Lot Dimensions
106 x 80
Acreage
0.18
Lot Size (SqFt)
7841
Pool
No

Listing Info, Tax and Legal

HOA Fee
No
New Buyer Fee
No
Brokerage Interest
Ownership Interest – Listing Broker/Salesperson has ownership interest in the property.

Remarks & Misc

Remarks
Brand-New Quadruplex Across from MLK Recreation Center – Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming — making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.

Appliances

Dishwasher
Yes
Disposal
Yes
Ice Maker
Yes
Microwave
Yes
Oven – Electric
Yes
Range – Electric
Yes

More Information

Interior Features

Floor – Vinyl Plank
Yes
Lighting – Recessed
Yes

Construction/Siding

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

Furnished

Unfurnished
Yes

Lot Features

Corner Lot
Yes
Landscaped
Yes

Lot Access

City Street
Yes
Paved Road
Yes

Parking Features

Driveway
Yes
Garage Attached
Yes
Garage Door Opener
Yes

Mstr Bath / Mstr Bdrm

MBed Walk-in Closet
Yes

Rooms

Bedroom
Yes

Utilities

Cable – Available
Yes
Electricity – Connected
Yes
Garbage
Yes
Internet – Broadband Available
Yes
Internet – Fiber Optic
Yes
Public Sewer – Connected
Yes
Public Water – Connected
Yes

Bedroom

Second
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Heating

Central
Yes
Electric
Yes

Security Features

Fire Alarm
Yes

Property Features

Appliances: Dishwasher; Disposal; Ice Maker; Microwave; Oven – Electric; Range – Electric Bedroom: Second Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Furnished: Unfurnished Lot Features: Corner Lot; Landscaped Lot Access: City Street; Paved Road Security Features: Fire Alarm Parking Features: Driveway; Garage Attached; Garage Door Opener Rooms: Bedroom Utilities: Cable – Available; Electricity – Connected; Garbage; Internet – Broadband Available; Internet – Fiber Optic; Public Sewer – Connected; Public Water – Connected

Room Information

Room Name Level Dimensions Length Width
Bedroom Second 10 x 13 10.00 13.00
Bedroom Second 10 x 13 10.00 13.00
Bedroom Second 10 x 13 10.00 13.00
Bedroom Second 10 x 13 10.00 13.00
Bedroom Second 13 x 14 13.00 14.00
Bedroom Second 13 x 14 13.00 14.00
Bedroom Second 13 x 14 13.00 14.00
Bedroom Second 13 x 14 13.00 14.00
Listing Office: JC Real Estate Group, LLC.
Last Updated: May – 01 – 2026
Information deemed reliable but not guaranteed.
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