1421 N Martin Luther King Jr Boulevard, Panama City, FL 32401
New Listing
$920,000
Property Type:
Residential
Bedrooms:
8
Baths:
12
Square Footage:
4,028
Lot Size (sq. ft.):
7,797
Status:
Active
Current Price:
$920,000
List Date:
3/04/2026
Last Modified:
3/04/2026
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 / 8 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
• 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. Construction complete March 20th. Owner/Agent
More Information MLS# 786224
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 326
Last Tax Year: 2025
Brokerage Interest: Ownership Interest – Listing Broker/Salesperson has ownership interest in the property.
Contract Info
List Price/SqFt: 228.4
Status: Active
List Date: 2026-03-04
List Price: $920,000
Current Price: $920,000
Location
Sub Area: 0203 – Bay – Central SW
Community/Resort: None
Waterfront: No
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.
Area: 02 – Bay County – Central
Street #: 1421
Street Direction: N
Street Name: Martin Luther King Jr
Street Suffix: Boulevard
State: FL
Zip Code: 32401
County: Bay
Subdivision: Lincoln Park 1st Addition
Parcel ID: 17553-000-000
Legal Description: LINCOLN PARK 1ST ADD. LOT 17 BLK 3 ORB 1536 P 1767 LESS HWY 77 R/W DOT PRCL# 208
General Property Info
Acreage: 0.18
Design: N/A
Lot Size (SqFt): 7797
Apx SqFt(Htd/Cooled): 4028
Construction Status: Under Construction
SqFt Source: Builders Plans
Half Baths: 4
Lot Dimensions: 106 x 80
New Construction: Yes
Garage Y/N: Yes
Garage Spaces: 1
Pool: No
Sub-Type: Quadplex Multi-Units
Bedrooms: 8
Full Baths: 8
Total Baths: 12
Year Built: 2026
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 / 8 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
• 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. Construction complete March 20th. Owner/Agent
Family Room
First: 1
Garage
First: 1
Master Bathroom
Second: 1
Appliances
Cooktop – Electric: 1
Dishwasher: 1
Disposal: 1
Ice Maker: 1
Microwave: 1
Range – Electric: 1
Refrigerator: 1
Interior Features
Floor – Vinyl Plank: 1
Split Bedroom: 1
Construction/Siding
Foundation – Slab on Grade: 1
Wood/Frame: 1
Roof – Metal: 1
Siding – Hardie Board: 1
Exterior
Double Pane Windows: 1
Furnished
Unfurnished: 1
Interior
Smart Thermostat: 1
Kitchen
First: 1
Lot Features
Landscaped: 1
Sidewalk: 1
Lot Access
City Street: 1
Paved Road: 1
Parking Features
Driveway: 1
Garage Attached: 1
Garage Door Opener: 1
Mstr Bath / Mstr Bdrm
MBed Walk-in Closet: 1
Rooms
Bedroom: 1
Family Room: 1
Full Bathroom: 1
Garage: 1
Half Bathroom: 1
Kitchen: 1
Master Bathroom: 1
Master Bedroom: 1
Utilities
Cable – Available: 1
Electric 220/240: 1
Garbage: 1
Public Sewer – Connected: 1
Public Water – Connected: 1
Underground Utilities: 1
Full Bathroom
Second: 1
Half Bathroom
First: 1
Master Bedroom
Second: 1
Bedroom
Second: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heat Pump: 1
Separate Meters: 1
Heating
Electric: 1
Heat Pump: 1
Security Features
Smoke Detector(s): 1
Property Features
Appliances: Cooktop – Electric; Dishwasher; Disposal; Ice Maker; Microwave; Range – Electric; Refrigerator
Full Bathroom: Second
Half Bathroom: First
Master Bedroom: Second
Bedroom: Second
Cooling: Ceiling Fan(s); Central Air; Electric; Heat Pump; Separate Meters
Heating: Electric; Heat Pump
Exterior: Double Pane Windows
Furnished: Unfurnished
Interior: Smart Thermostat
Kitchen: First
Lot Features: Landscaped; Sidewalk
Lot Access: City Street; Paved Road
Master Bathroom: Second
Family Room: First
Garage: First
Security Features: Smoke Detector(s)
Parking Features: Driveway; Garage Attached; Garage Door Opener
Rooms: Bedroom; Family Room; Full Bathroom; Garage; Half Bathroom; Kitchen; Master Bathroom; Master Bedroom
Utilities: Cable – Available; Electric 220/240; Garbage; Public Sewer – Connected; Public Water – Connected; Underground Utilities
Room Information
Full Bathroom
Level: Second
Dimensions: 8.6 x 5
Length: 8.60
Width: 5.00
Dimensions: 8.6 x 5
Half Bathroom
Level: First
Dimensions: 8 x 4
Length: 8.00
Width: 4.00
Dimensions: 8 x 4
Master Bedroom
Level: Second
Dimensions: 13 x 14
Length: 13.00
Width: 14.00
Dimensions: 13 x 14
Bedroom
Level: Second
Dimensions: 10 x 13
Length: 10.00
Width: 13.00
Dimensions: 10 x 13
Family Room
Level: First
Dimensions: 20 x 15
Length: 20.00
Width: 15.00
Dimensions: 20 x 15
Master Bathroom
Level: Second
Dimensions: 8.6 x 5
Length: 8.60
Width: 5.00
Dimensions: 8.6 x 5
Kitchen
Level: First
Dimensions: 14 x 11
Length: 14.00
Width: 11.00
Dimensions: 14 x 11
Garage
Level: First
Dimensions: 20 x 14
Length: 20.00
Width: 14.00
Dimensions: 20 x 14
Listing Office:
JC Real Estate Group, LLC.
Last Updated: March – 04 – 2026
Information deemed reliable but not guaranteed.