339 Mercedes Avenue, Panama City, FL 32401 (MLS# 796225)

339 Mercedes Avenue, Panama City, FL 32401

New Listing

$499,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,461 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $499,000 List Date: 10/03/2026 Last Modified: 10/03/2026

Overview

Description

**Income-Producing Duplex in Downtown Panama City with Massalina Bayou Views!** Welcome to 339 Mercedes Avenue in Panama City, Florida, a fully furnished, turnkey duplex offering an incredible opportunity for investors, house hackers, or buyers looking for flexible living options near Downtown Panama City. This income-producing multifamily property is full of possibilities, live in one side and rent the other to help offset your monthly expenses, create space for multigenerational living, or rent both units for additional income potential. One side is currently being utilized as a short-term rental, making this property an attractive option for buyers looking for an established furnished rental setup. Both sides have been thoughtfully updated throughout and are being sold, fully furnished and turnkey, allowing the next owner to step right in. Each unit also offers its own spacious backyard, providing plenty of outdoor space for residents and guests. One of the standout feat … (Read more)

Listing Details MLS# 796225

Contract Info

List Price/SqFt: 202.76

Location

Area: 02 – Bay County – Central
Street #: 339
Street Name: Mercedes
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: Sudduths 4th Add
Community/Resort: Bunkers Cove
Waterfront: No
Parcel ID: 21232-010-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Take 77 South to N Cove Blvd. Turn Left on 4th Street. Turn Right on Mercedes Ave. Duplex is on Right.
Legal Description: SUDDUTH'S 4TH ADD S 24' OF N 45' OF LOT 22 & S 5' OF LOT 23 & N 21' OF LOT 22 BLK 60 ORB 4601 P 470

General Property Info

Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 2461
SqFt Source: Prop App Site
Full Baths: 3
Total Baths: 3
Accessory Dwelling Unit: No
Year Built: 1984
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Driveway Spaces: 4
Lot Dimensions: 50.0 ft x 150.0 ft
Acreage: 0.17
Lot Size (SqFt): 7405
Pool: No

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 5766.34
Last Tax Year: 2025
Brokerage Interest: No Interest

Remarks & Misc

Remarks: **Income-Producing Duplex in Downtown Panama City with Massalina Bayou Views!** Welcome to 339 Mercedes Avenue in Panama City, Florida, a fully furnished, turnkey duplex offering an incredible opportunity for investors, house hackers, or buyers looking for flexible living options near Downtown Panama City. This income-producing multifamily property is full of possibilities, live in one side and rent the other to help offset your monthly expenses, create space for multigenerational living, or rent both units for additional income potential. One side is currently being utilized as a short-term rental, making this property an attractive option for buyers looking for an established furnished rental setup. Both sides have been thoughtfully updated throughout and are being sold, fully furnished and turnkey, allowing the next owner to step right in. Each unit also offers its own spacious backyard, providing plenty of outdoor space for residents and guests. One of the standout features is the view of Massalina Bayou, giving this investment property a unique coastal Panama City setting while keeping you close to everything. Located near Downtown Panama City, shopping, dining, Ascension Sacred Heart Bay, and Tyndall Air Force Base, with Panama City Beach and the beautiful Gulf Coast beaches just a short drive away. Whether you're searching for a duplex for sale in Panama City, FL, an income-producing property, a furnished investment property, or a home where you can live in one unit and rent the other, 339 Mercedes Avenue offers flexibility, location, and investment potential all in one property. Live in one. Rent the other. Rent them both. The possibilities are yours at 339 Mercedes Avenue.

Appliances

Disposal: Yes
Dryer: Yes
Microwave: Yes
Oven – Electric: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Electric: Yes

More Information

Interior Features

Floor – Vinyl Plank: Yes
Split Bedroom: Yes
Window – Treatment All: Yes

Construction/Siding

Foundation – Slab on Grade: Yes
Wood/Frame: Yes
Roof – Composite Shngl: Yes
Siding – Stucco: Yes

Exterior

Balcony: Yes
Fenced Lot-All: Yes
Patio Open: Yes

Financing

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

Furnished

Furnished: Yes

Lot Features

Near Public Boat Ramp: Yes

Lot Access

City Street: Yes
Paved Road: Yes

Parking Features

Driveway: Yes
No Garage: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

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

Waterview

Bayou: Yes

Sale Type

As Is: Yes

Bedroom

Second: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Heating

Central: Yes

Primary Bath/Primary Bdrm

MBath Shower/Tub Combo: Yes

Security Features

Smoke Detector(s): Yes

Property Features

Appliances: Disposal; Dryer; Microwave; Oven – Electric; Range – Electric; Refrigerator; Washer; Water Heater – Electric Bedroom: Second Cooling: Ceiling Fan(s); Central Air Heating: Central Exterior: Balcony; Fenced Lot-All; Patio Open Financing: Cash; Conventional; FHA; VA Furnished: Furnished Lot Features: Near Public Boat Ramp Lot Access: City Street; Paved Road Security Features: Smoke Detector(s) Parking Features: Driveway; No Garage Rooms: Bedroom Sale Type: As Is Showing: ShowingTime Utilities: Cable – Available; Electricity – Connected; Public Sewer – Connected; Public Water – Connected Waterview: Bayou Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Bedroom	Second	10 x 10	10.00	10.00	Approximate
Bedroom	Second	10 x 10	10.00	10.00	Approximate
Bedroom	Second	10 x 10	10.00	10.00	Approximate
Bedroom	Second	10 x 10	10.00	10.00	Approximate

Listing Office: Counts Real Estate Group Inc

Last Updated: October – 03 – 2026

Information deemed reliable but not guaranteed.