331 Maine Avenue, Panama City, FL 32401 (MLS# 795808)

331 Maine Avenue, Panama City, FL 32401

New Listing

$249,000

Room for a private pool, or an accessory dwelling unit.

This 4/2 will delight you with its charm!

Enjoy your neighborhood from this lovely spot

GE fridge, Amana stovetop, and small appliances

Kitchenette and dining area in back unit

Located in rear of property (currently the 2nd rental unit)

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,152 Lot Size (sq. ft.): 15,028 Status: Active

Current Price: $249,000 List Date: 9/24/2026 Last Modified: 9/24/2026

Overview

Description

HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This versatile property, once a 4 BR 2 BA, has been converted to a 2-unit rental property that is perfect for short- or mid-term rental income or as a single-family main house/mother-in-law suite arrangement. Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there! This property has been rented only on Furnished Finder and by word of mouth. Seller states income for 2025 was $28,710! WHY THIS PROPERTY IS AWESOME: –Multiple possibilities for living/renting – especially as workforce housing for travel nurses, military, contractors, and others –NEW METAL ROOF in 2026! –Other updates/upgrades/repairs made recently. See attached documents. –2 BR, 1 BA in front, 1 BR, 1 BA in back (or restore to 4/2 as noted above) –Stated mid-term rental income … (Read more)

Listing Details MLS# 795808

Contract Info

List Price/SqFt: 216.15

Location

Area: 02 – Bay County – Central
Street #: 331
Street Name: Maine
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0202 – Bay – Central SE
Subdivision: Welch Add
Community/Resort: None
Waterfront: No
Parcel ID: 22512-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Business 98 in Millville, turn south onto Maine Ave. Your client's next investment property or primary residence is on the right!
Legal Description: WELCH ADD LOT 2 & N 20.5' OF LOT 3 BLK 5 ORB 4750 P 677

General Property Info

Sub-Type: Detached Single Family
Design: Bungalow
Apx SqFt(Htd/Cooled): 1152
SqFt Source: Prop App Site
Full Baths: 2
Total Baths: 2
Accessory Dwelling Unit: No
Year Built: 1945
Immediate Occupancy: Yes
Pre-Const Flip: No
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Covered Spaces: Yes
Driveway Spaces: 4
Lot Dimensions: 72.0 ft x 209.0 ft
Acreage: 0.34
Lot Size (SqFt): 15028
Pool: No

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 2457.3
Last Tax Year: 2025
Brokerage Interest: No Interest

Remarks & Misc

Remarks: HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This versatile property, once a 4 BR 2 BA, has been converted to a 2-unit rental property that is perfect for short- or mid-term rental income or as a single-family main house/mother-in-law suite arrangement. Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there! This property has been rented only on Furnished Finder and by word of mouth. Seller states income for 2025 was $28,710! WHY THIS PROPERTY IS AWESOME: –Multiple possibilities for living/renting – especially as workforce housing for travel nurses, military, contractors, and others –NEW METAL ROOF in 2026! –Other updates/upgrades/repairs made recently. See attached documents. –2 BR, 1 BA in front, 1 BR, 1 BA in back (or restore to 4/2 as noted above) –Stated mid-term rental income of up to $1,700 for front unit, $1,600/mo for back unit – WOW! –Full kitchen in front, efficient kitchenette in back –SOLD FULLY FURNISHED! –Fresh paint in main (front) unit –Driveway parking for 4; boat parking is easy! –HUGE backyard on this 75' x 200' lot. Make your own nature oasis with fruit trees or palms or put in a pickleball court, fire pit, and a pool! –Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and walkable to Gene's Oyster Bar See the full list of updates/upgrades/repairs in the attached DOCUMENTS section. COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!

Appliances

Dryer: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Electric: Yes

More Information

Interior Features

Window – Treatment All: Yes

Construction/Siding

Siding – Vinyl: Yes

Exterior

Porch Covered: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Lot Features

Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes

Parking Features

Carport Attached: Yes
Driveway: Yes

Present Zoning

Resid Single Family: Yes

Rooms

Bedroom: Yes

Utilities

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

Sale Type

As Is: Yes

Bedroom

First: Yes

Cooling

Electric: Yes
Mini-Split/Ductless: Yes
Wall Unit(s): Yes

Heating

Electric: Yes
Mini-Split/Ductless: Yes

Property Features

Appliances: Dryer; Range – Electric; Refrigerator; Washer; Water Heater – Electric Bedroom: First Cooling: Electric; Mini-Split/Ductless; Wall Unit(s) Heating: Electric; Mini-Split/Ductless Exterior: Porch Covered Financing: Cash; Conventional Furnished: Furnished Lot Features: Within 1/2 Mile to Water Lot Access: City Street Parking Features: Carport Attached; Driveway Rooms: Bedroom 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
Bedroom	First	9.4 x 9.6	9.40	9.60	Front house
Bedroom	First	9.5 x 15.4	9.50	15.40	Front house
Bedroom	First	13.1 x 15.7	13.10	15.70	Back house – used as living room; can be reconverted
Bedroom	First	9.1 x 10.2	9.10	10.20	Back house

Listing Office: EXP Realty LLC

Last Updated: September – 24 – 2026

Information deemed reliable but not guaranteed.