311 N Gay Avenue, Panama City, FL 32404

New Listing
$269,998
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,676 Lot Size (sq. ft.): 2,222 Status: Active
Current Price: $269,998 List Date: 6/03/2026 Last Modified: 6/03/2026

Overview

Description

Immediate Cash Flow Opportunity! This home comes with a one-year rental agreement in place, providing you with cash flow and financial security with vetted tenants. The lease expires March 31, 2027 with rent at $1,900/month. This beautiful 4-bedroom, 2.5 bath home, built in 2019, is contemporarily designed inside and out. The open floor plan is ultra-low maintenance, with metal roof, custom cabinets, quartz counter tops, LVP downstairs and carpet upstairs, plus, the low-cost HOA takes care of the yard! Everything is in like new condition. Callaway Corners offers a welcoming, family-oriented community that appeals to investors, first time home buyers and military families. Tyndall Air Force base is under 20 minutes away and local retail, dining and shopping are just minutes away. Enjoy the relaxing, sandy beaches in under 30 minutes on Panama City Beach. Don’t miss out on this great value in the secluded neighborhood of Calloway Corners.

Listing Details MLS# 790758

Location

Area
02 – Bay County – Central
Street #
311
Street Direction
N
Street Name
Gay
Street Suffix
Avenue
State
FL
Zip Code
32404
County
Bay
Sub Area
0202 – Bay – Central SE
Subdivision
Callaway Corners
Community/Resort
None
Waterfront
No
Parcel ID
06275-100-006
Elementary School
Callaway
Middle School
Rutherford Middle
High School
Rutherford
Directions
From HWY 98/Tyndall Parkway take HWY 22 East, Callaway Corners is on your left.
Legal Description
CALLAWAY CORNERS 131C2 LOT 6 ORB 4129 P 1653

General Property Info

Sub-Type
Detached Single Family
Design
Contemporary
Apx SqFt(Htd/Cooled)
1676
SqFt Source
Prop App Site
Full Baths
2
Half Baths
Yes
Total Baths
3
# of Stories in Building
2
# of Units in Bldg
Yes
Year Built
2019
Immediate Occupancy
No
Pre-Const Flip
No
Construction Status
Construction Complete
New Construction
No
Garage Y/N
Yes
Garage Spaces
Yes
Driveway Spaces
Yes
Lot Dimensions
40*56
Acreage
0.05
Lot Size (SqFt)
2222
Pool
No

Listing Info, Tax and Legal

Homestead
Yes
HOA Fee
Yes
HOA Amount
60
HOA Frequency
Monthly
HOA Annual Amount
720
Senior Community
No
Is Subject Leased
Yes
Rent/Mo
1900
Lease Expiration Dt
2027-03-31
New Buyer Fee
No
Last Taxes
3022
Last Tax Year
2025
Brokerage Interest
No Interest
As Is
Yes
Section
7
Range
13W
Condo Doc
Yes

Remarks & Misc

Remarks
Immediate Cash Flow Opportunity! This home comes with a one-year rental agreement in place, providing you with cash flow and financial security with vetted tenants. The lease expires March 31, 2027 with rent at $1,900/month. This beautiful 4-bedroom, 2.5 bath home, built in 2019, is contemporarily designed inside and out. The open floor plan is ultra-low maintenance, with metal roof, custom cabinets, quartz counter tops, LVP downstairs and carpet upstairs, plus, the low-cost HOA takes care of the yard! Everything is in like new condition. Callaway Corners offers a welcoming, family-oriented community that appeals to investors, first time home buyers and military families. Tyndall Air Force base is under 20 minutes away and local retail, dining and shopping are just minutes away. Enjoy the relaxing, sandy beaches in under 30 minutes on Panama City Beach. Don't miss out on this great value in the secluded neighborhood of Calloway Corners.

Dining Room

First
Yes

More Information

Garage

First
Yes

Laundry

First
Yes

Pantry

First
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Ice Maker
Yes
Microwave
Yes
Oven – Electric
Yes
Range – Electric
Yes
Refrigerator
Yes
Water Heater – Electric
Yes

Interior Features

Floor – Vinyl Plank
Yes
Kitchen Island
Yes
Window – Treatment Some
Yes

Construction/Siding

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

Existing Leases

7 – 12 Months
Yes

Exterior

Balcony
Yes
Columns
Yes
Fenced Back Yard
Yes

Association Fees Include

Accounting
Yes
Ground Keeping
Yes
Picnic Area
Yes

Financing

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Furnished

Unfurnished
Yes

Interior

Ceiling – Tray
Yes
Floor – Carpet
Yes

Kitchen

First
Yes

Living Room

First
Yes

Lot Access

City Street
Yes

Parking Features

Garage Attached
Yes
Garage Door Opener
Yes

Mstr Bath / Mstr Bdrm

MBath Double Vanity
Yes
MBath Shower/Tub Combo
Yes

Present Zoning

Resid Single Family
Yes

Rooms

Bedroom
Yes
Dining Room
Yes
Garage
Yes
Kitchen
Yes
Laundry
Yes
Living Room
Yes
Master Bedroom
Yes
Pantry
Yes

Utilities

Electric 220/240
Yes
Public Sewer – Connected
Yes
Public Water – Connected
Yes

Sale Type

As Is
Yes

Master Bedroom

Second
Yes

Bedroom

Second
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes

Heating

Heat Pump
Yes

Property Features

Appliances: Dishwasher; Disposal; Ice Maker; Microwave; Oven – Electric; Range – Electric; Refrigerator; Water Heater – Electric Master Bedroom: Second Bedroom: Second Cooling: Ceiling Fan(s); Heat Pump Heating: Heat Pump Existing Leases: 7 – 12 Months Exterior: Balcony; Columns; Fenced Back Yard Association Fees Include: Accounting; Ground Keeping; Picnic Area Financing: Cash; Conventional; FHA; VA Furnished: Unfurnished Interior: Ceiling – Tray; Floor – Carpet Kitchen: First Living Room: First Lot Access: City Street Dining Room: First Garage: First Laundry: First Pantry: First Parking Features: Garage Attached; Garage Door Opener Rooms: Bedroom; Dining Room; Garage; Kitchen; Laundry; Living Room; Master Bedroom; Pantry Sale Type: As Is Utilities: Electric 220/240; Public Sewer – Connected; Public Water – Connected Present Zoning: Resid Single Family

Room Information

Room Name Level Dimensions Length Width
Master Bedroom Second 15 x 15 15.00 15.00
Bedroom Second 12 x 11 12.00 11.00
Bedroom Second 11 x 11 11.00 11.00
Bedroom Second 11 x 10 11.00 10.00
Living Room First 14.4 x 15 14.40 15.00
Kitchen First 10.5 x 14 10.50 14.00
Dining Room First 11.5 x 10 11.50 10.00
Laundry First 6 x 7 6.00 7.00
Pantry First 3 x 9 3.00 9.00
Garage First 10.5 x 19.5 10.50 19.50
Listing Office: Beachy Beach Real Estate
Last Updated: June – 03 – 2026
Information deemed reliable but not guaranteed.