2729 Carol Lane, Panama City, FL 32405 (MLS# 766313)

2729 Carol Lane, Panama City, FL 32405

$1,400,000

Property Type: Residential Bedrooms: 16 Baths: 16 Square Footage: 7,240 Status: Sold

Current Price: $1,400,000 List Date: 12/11/2025 Last Modified: 4/14/2026

Overview

Description

Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, wh … (Read more)

Listing Details MLS# 766313

Contract Info

List Price/SqFt: 217.54

Location

Area: 02 – Bay County – Central
Street #: 2729
Street Name: Carol
Street Suffix: Lane
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0201 – Bay – Central NE
Subdivision: Highland City
Community/Resort: None
Waterfront: No
Parcel ID: 12629-036-010
Elementary School: Hiland Park
Middle School: Mowat
High School: Bay
Directions: Follow W 33rd Street to Frankford Ave. Take Baldwin Road and turn right on Canal Ave. Then continue and it is on the right. 2728-2741
Legal Description: HIGHLAND CITY (7.03) BEG 348.14' E OF NW COR LOT 8 TH E 91.41' S 180' W 89.28' N 179.98' TO POB BLK 29 ORB 4696 P 1242

General Property Info

Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 7240
SqFt Source: Builders Plans
Full Baths: 16
Total Baths: 16
Year Built: 2024
Construction Status: Construction Complete
New Construction: Yes
Garage Y/N: No
Driveway Spaces: 16
Lot Dimensions: 182X360
Pool: No

Status Change Info

Under Contract Date: 2026-02-20
Sold Date: 2026-04-13
Sold Price/SqFt: 193.37

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 848
Last Tax Year: 2023
Brokerage Interest: Familial Interest – Listing Broker/Licensee related to owner.

Remarks & Misc

Remarks: Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.

More Information

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Oven – Electric: Yes
Refrigerator: Yes
Water Heater – Electric: Yes

Construction/Siding

Roof – Dimensional Shg: Yes
Siding – Vinyl: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Unfurnished: Yes

Lot Access

City Street: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Bedroom: Yes

Utilities

Cable – Available: Yes
Electricity – Connected: Yes

Sale Type

As Is: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Microwave; Oven – Electric; Refrigerator; Water Heater – Electric Bedroom: First Cooling: Central Air Heating: Central Financing: Cash; Conventional Furnished: Unfurnished Lot Access: City Street Rooms: Bedroom Sale Type: As Is Utilities: Cable – Available; Electricity – Connected Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width
Bedroom	First	12.2 x 10.2	12.20	10.20
Bedroom	First	13.2 x 11	13.20	11.00
Bedroom	First	12.2 x 10.2	12.20	10.20
Bedroom	First	13.2 x 11	13.20	11.00
Bedroom	First	12.2 x 10.2	12.20	10.20
Bedroom	First	12.2 x 10.2	12.20	10.20
Bedroom	First	13.2 x 11	13.20	11.00
Bedroom	First	13.2 x 11	13.20	11.00
Bedroom	First	12.2 x 10.2	12.20	10.20
Bedroom	First	13.2 x 11	13.20	11.00
Bedroom	First	12.2 x 102	12.20	102.00
Bedroom	First	13.2 x 11	13.20	11.00
Bedroom	First	12.2 x 10.2	12.20	10.20
Bedroom	First	13.2 x 11	13.20	11.00
Bedroom	First	12.2 x 10.2	12.20	10.20
Bedroom	First	13.2 x 11	13.20	11.00

Listing Office: Scenic Sotheby's International Realty

Last Updated: April – 14 – 2026

Information deemed reliable but not guaranteed.