206 E 2nd Court A & B, Panama City, FL 32401 (MLS# 784339)

206 E 2nd Court A & B, Panama City, FL 32401

$299,999

Charming Cove home with off-street parking

Beautiful curb appeal - New roof and Exterior Paint

Practical kitchen design, extra natural light

Space-efficient and centrally-located kitchen

ADU/Guest house w/ dedicated fenced yard, alley access, & parking space

Less than 1/2 Mile to water and downtown PC

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,329 Lot Size (sq. ft.): 6,534 Status: Under Contract – Taking Backups

Current Price: $299,999 List Date: 1/29/2026 Last Modified: 4/18/2026

Overview

Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Rare opportunity in the Cove, Panama City! Two-dwelling properties like this are hard to find. This already income-producing setup includes three structures total: The primary, front house, an entirely separate guest house (ADU), and a storage building with enough space for both homes. The upgrades, separate utility meters, proven rental history, and privacy fencing for each home makes this find ideal for investors, house hacking, multi-generational living, or versatile rental strategies! Just ½ mile from Harrison Avenue and downtown Panama City, you're right near the heart of a revitalized waterfront district filled with local shops, restaurants, breweries, galleries, and year-round community events along St. Andrews Bay. The front home is fully renovated (2023) and vacant, offering 2 bedrooms, 1 bathroom, and 859 sq. ft. Recent updates include a new A/C (2025, under warranty), impact skylight, appliances, washer & … (Read more) CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Rare opportunity in the Cove, Panama City! Two-dwelling properties like this are hard to find. This already income-producing setup includes three structures total: The primary, front house, an entirely separate guest house (ADU), and a storage building with enough space for both homes. The upgrades, separate utility meters, proven rental history, and privacy fencing for each home makes this find ideal for investors, house hacking, multi-generational living, or versatile rental strategies! Just ½ mile from Harrison Avenue and downtown Panama City, you’re right near the heart of a revitalized waterfront district filled with local shops, restaurants, breweries, galleries, and year-round community events along St. Andrews Bay. The front home is fully renovated (2023) and vacant, offering 2 bedrooms, 1 bathroom, and 859 sq. ft. Recent updates include a new A/C (2025, under warranty), impact skylight, appliances, washer & dryer, plumbing, flooring, blinds, a privately fenced yard, spacious off-street parking, and designated storage. Previously rented for $1,900 and $1750/month. The back home features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and its own driveway with alley access – perfect for rental income, guests, office space, relative housing, or a private retreat for yourself. It’s a versatile space ready to be tailored to your vision. It is currently income producing, bringing in a steady $900 per month. A third structure provides a dedicated laundry room for the back house plus a second room for additional storage, adding convenience and tenant appeal. Separate electric and water meters for each unit allow for streamlined management and true income potential. This property is essentially a 2-for-1 steal! Located in one of Panama City’s most established and sought-after neighborhoods, this property blends character, convenience, and long-term value just minutes from downtown, the bay, and everything that makes the Cove so special! Come see for yourself.

Listing Details MLS# 784339

Contract Info

List Price/SqFt: 225.73

Location

Area: 02 – Bay County – Central
Street #: 206
Street Direction: E
Street Name: 2nd
Street Suffix: Court
Unit #: A & B
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: Harmon Plat
Community/Resort: DIB District
Waterfront: No
Parcel ID: 20253-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: South on Cove Blvd., Right on 2nd Ct., Home will on left side of street.
Legal Description: HARMON PLAT LOT LOT 5 BLK 1 ORB 4707 P 823

General Property Info

Sub-Type: Detached Single Family
Design: Florida Cottage
Apx SqFt(Htd/Cooled): 1329
SqFt Source: An Appraiser
Full Baths: 2
Total Baths: 2
# of Units in Bldg: 2
Year Built: 1934
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 50 x 130
Acreage: 0.15
Lot Size (SqFt): 6534
Pool: No

Status Change Info

Under Contract Date: 2026-04-17

Listing Info, Tax and Legal

HOA Fee: No
Is Subject Leased: No
New Buyer Fee: No
Last Taxes: 3730
Last Tax Year: 2025
Brokerage Interest: No Interest

Remarks & Misc

Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Rare opportunity in the Cove, Panama City! Two-dwelling properties like this are hard to find. This already income-producing setup includes three structures total: The primary, front house, an entirely separate guest house (ADU), and a storage building with enough space for both homes. The upgrades, separate utility meters, proven rental history, and privacy fencing for each home makes this find ideal for investors, house hacking, multi-generational living, or versatile rental strategies! Just ½ mile from Harrison Avenue and downtown Panama City, you're right near the heart of a revitalized waterfront district filled with local shops, restaurants, breweries, galleries, and year-round community events along St. Andrews Bay. The front home is fully renovated (2023) and vacant, offering 2 bedrooms, 1 bathroom, and 859 sq. ft. Recent updates include a new A/C (2025, under warranty), impact skylight, appliances, washer & dryer, plumbing, flooring, blinds, a privately fenced yard, spacious off-street parking, and designated storage. Previously rented for $1,900 and $1750/month. The back home features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and its own driveway with alley access – perfect for rental income, guests, office space, relative housing, or a private retreat for yourself. It's a versatile space ready to be tailored to your vision. It is currently income producing, bringing in a steady $900 per month. A third structure provides a dedicated laundry room for the back house plus a second room for additional storage, adding convenience and tenant appeal. Separate electric and water meters for each unit allow for streamlined management and true income potential. This property is essentially a 2-for-1 steal! Located in one of Panama City's most established and sought-after neighborhoods, this property blends character, convenience, and long-term value just minutes from downtown, the bay, and everything that makes the Cove so special! Come see for yourself.

More Information

Covered Porch

First: Yes

Laundry

First: Yes

Storage

First: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Oven – Electric: Yes
Range – Electric: Yes
Range Hood: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Electric: Yes

Interior Features

Floor – Laminate: Yes

Construction/Siding

Block: Yes
Foundation – Off Grade: Yes
Roof – Composite Shngl: Yes
Siding – Hardie Board: Yes

Exterior

Fenced Back Yard: Yes
Porch Covered: Yes

Other Structures

Guest House: Yes
Outbuilding: Yes

Financing

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

Furnished

Unfurnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes

Parking Features

Alley Access: Yes
Gravel: Yes

Present Zoning

Resid Single Family: Yes

Rooms

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

Utilities

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

Sale Type

As Is: Yes

Full Bathroom

First: Yes

Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Mini-Split/Ductless: Yes
Multi Units: Yes
Separate Meters: Yes

Heating

Central: Yes
Electric: Yes
Mini-Split/Ductless: Yes

Property Features

Appliances: Dishwasher; Dryer; Oven – Electric; Range – Electric; Range Hood; Refrigerator; Washer; Water Heater – Electric Full Bathroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air; Mini-Split/Ductless; Multi Units; Separate Meters Heating: Central; Electric; Mini-Split/Ductless Exterior: Fenced Back Yard; Porch Covered Financing: Cash; Conventional; FHA; VA; Other Furnished: Unfurnished Kitchen: First Living Room: First Lot Features: Within 1/2 Mile to Water Lot Access: City Street Covered Porch: First Laundry: First Storage: First Parking Features: Alley Access; Gravel Other Structures: Guest House; Outbuilding Rooms: Bedroom; Covered Porch; Full Bathroom; Kitchen; Laundry; Living Room; Storage Sale Type: As Is Utilities: Electricity – Connected; Public Sewer – Connected; Public Water – Connected Present Zoning: Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Full Bathroom	First	9 x 5	9.00	5.00	Bldg A
Bedroom	First	16 x 13	16.00	13.00	Bldg A (bedroom is L-shaped)
Bedroom	First	12 x 9	12.00	9.00	Bldg A
Living Room	First	17 x 9	17.00	9.00	Bldg A
Kitchen	First	20 x 7	20.00	7.00	Bldg A
Covered Porch	First	15 x 5	15.00	5.00	Bldg A
Laundry	First	8 x 4	8.00	4.00	Bldg A
Bedroom	First	12 x 9	12.00	9.00	Bldg B
Full Bathroom	First	7 x 5	7.00	5.00	Bldg B
Kitchen	First	9 x 7	9.00	7.00	Bldg B
Living Room	First	12 x 17	12.00	17.00	Bldg B
Storage	First	23 x 8	23.00	8.00	Bldg C (B Laundry + shared Storage)

Listing Office: Beachy Beach Real Estate

Last Updated: April – 18 – 2026

Information deemed reliable but not guaranteed.