4480 E Highway 98, Panama City, FL 32404 (MLS# 754439)

4480 E Highway 98, Panama City, FL 32404

$1,750,000

Property Type: Residential Bedrooms: 20 Baths: 15 Square Footage: 9,720 Status: Sold

Current Price: $1,750,000 List Date: 1/02/2025 Last Modified: 6/18/2025

Overview

Description

RARE opportunity to own 10(TEN) 2 bedroom/ 1.5 bath townhomes complete with an additional parcel! Each unit has a separate address and meter making it EASY to manage. Currently used as a mixture of short term rentals, mid-term rentals, staff housing and storage. The proximity to Tyndall AFB, Mexico Beach, Panama City and Panama City Beach make this a DON’T MISS. Owner financing may be an option with a sizable down payment and agreeable terms. Do not disturb guests/tenants. BUYER TO VERIFY ALL INFORMATION DEEMED IMPORTANT. Most furnishings convey. Photos are from one unit. Floor plans are same but furnishings and finishes vary.

Listing Details MLS# 754439

Contract Info

List Price/SqFt: 226.34

Location

Area: 02 – Bay County – Central
Street #: 4480
Street Direction: E
Street Name: Highway 98
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0202 – Bay – Central SE
Subdivision: Horne Memory Plat
Community/Resort: None
Waterfront: No
Parcel ID: 25741-002-000
Elementary School: Parker
Middle School: Rutherford Middle
High School: Rutherford
Directions: Hwy 98 E from Panama City towards Tyndall AFB. Property is on the right
Legal Description: HORNE MEMORY PLAT (2.21) 119C1 BEG SW COR LOT 2 THENCE NELY 207.43' NWLY 83.89' SWLY 197.04' SELY 81.57' TO POB TOGETHER WITH 20' ESMNT FOR INGRESS/EGRESS BLK 6 **ALSO** BEG 207.75' NWLY OF SW COR LOT 2 BLK 6 TO SLY R/W LI US HWY 98 & 21.24' E ALG R/W FOR POB TH CONT E 153.90' SELY 2.92' SWLY 37.90' ALG CURVE TH SWLY 102.66' TH NWLY ALG CURVE 33.79' NWLY 73.9

General Property Info

Sub-Type: Multi Family
Design: N/A
Apx SqFt(Htd/Cooled): 9720
SqFt Source: Prop App Site
Full Baths: 15
Total Baths: 15
Year Built: 1983
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 85×210

Status Change Info

Under Contract Date: 2025-01-10
Sold Date: 2025-06-17
Sold Price/SqFt: 180.04

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 5488
Last Tax Year: 2023
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: RARE opportunity to own 10(TEN) 2 bedroom/ 1.5 bath townhomes complete with an additional parcel! Each unit has a separate address and meter making it EASY to manage. Currently used as a mixture of short term rentals, mid-term rentals, staff housing and storage. The proximity to Tyndall AFB, Mexico Beach, Panama City and Panama City Beach make this a DON'T MISS. Owner financing may be an option with a sizable down payment and agreeable terms. Do not disturb guests/tenants. BUYER TO VERIFY ALL INFORMATION DEEMED IMPORTANT. Most furnishings convey. Photos are from one unit. Floor plans are same but furnishings and finishes vary.

More Information

Financing

Cash: Yes
Conventional: Yes
Lease Option: Yes
Seller Financing: Yes

Furnished

Partially: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Bedroom: Yes
Master Bedroom: Yes

Utilities

Public Sewer – Connected: Yes
Water Connected: Yes

Master Bedroom

Second: Yes

Bedroom

Second: Yes

Property Features

Master Bedroom: Second Bedroom: Second Financing: Cash; Conventional; Lease Option; Seller Financing Furnished: Partially Rooms: Bedroom; Master Bedroom Utilities: Public Sewer – Connected; Water Connected Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width
Master Bedroom	Second	18 x 14	18.00	14.00
Master Bedroom	Second	18 x 14	18.00	14.00
Master Bedroom	Second	18 x 14	18.00	14.00
Master Bedroom	Second	18 x 14	18.00	14.00
Bedroom	Second	12 x 13	12.00	13.00
Bedroom	Second	12 x 13	12.00	13.00
Bedroom	Second	12 x 13	12.00	13.00
Bedroom	Second	12 x 13	12.00	13.00
Master Bedroom	Second	18 x 14	18.00	14.00
Master Bedroom	Second	18 x 14	18.00	14.00
Master Bedroom	Second	18 x 14	18.00	14.00
Master Bedroom	Second	18 x 15	18.00	15.00
Master Bedroom	Second	18 x 14	18.00	14.00
Master Bedroom	Second	18 x 14	18.00	14.00
Bedroom	Second	12 x 13	12.00	13.00
Bedroom	Second	12 x 13	12.00	13.00
Bedroom	Second	12 x 13	12.00	13.00
Bedroom	Second	12 x 13	12.00	13.00
Bedroom	Second	12 x 13	12.00	13.00
Bedroom	Second	12 x 13	12.00	13.00

Listing Office: Beach Babes Realty LLC

Last Updated: June – 18 – 2025

Information deemed reliable but not guaranteed.