604 Fernwood Street, Panama City Beach, FL 32407 (MLS# 786962)

604 Fernwood Street, Panama City Beach, FL 32407

$650,000

Property Type: Residential Bedrooms: 7 Baths: 6 Square Footage: 2,556 Lot Size (sq. ft.): 18,121 Status: Pending

Current Price: $650,000 List Date: 5/12/2026 Last Modified: 6/01/2026

Overview

Description

Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property pres … (Read more)

Listing Details MLS# 786962

Contract Info

List Price/SqFt: 254.3

Location

Area: 03 – Bay County – Beach
Street #: 604
Street Name: Fernwood
Street Suffix: Street
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 – Beach – Middle Central
Subdivision: Hutchison's 1st To Bahama Bch
Community/Resort: None
Waterfront: No
Parcel ID: 34201-000-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Panama City Beach Pkwy (Back Beach Rd / US-98), turn south onto Richard Jackson Blvd. Continue to Hutchison Blvd (Middle Beach Rd) and turn right (west). Proceed to Lullwater Dr and turn left. Turn left onto Fernwood St. Property will be on the left.
Legal Description: HUTCHISON'S 1ST ADD LOTS 2 & 3 BLK 4 DAUGETTE ADDITION LOT 19 BLK B ORB 2090 P 521

General Property Info

Sub-Type: Multi Family
Design: N/A
Apx SqFt(Htd/Cooled): 2556
SqFt Source: Prop App Site
Full Baths: 6
Total Baths: 6
# of Stories in Building: Yes
Year Built: 1960
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 105x168x107x174
Acreage: 0.42
Lot Size (SqFt): 18121
Pool: Yes
Pool Type: Private

Status Change Info

Under Contract Date: 2026-05-12

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 5450
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

More Information

Pool Features

Inground: Yes

Construction/Siding

Block: Yes
Foundation – Slab on Grade: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Unfurnished: Yes

Lot Features

Corner Lot: Yes

Lot Access

City Street: Yes
Paved Road: Yes

Parking Features

Unpaved: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

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

Sale Type

As Is: Yes

Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Window Unit(s): Yes

Heating

Varies by Unit: Yes

Property Features

Bedroom: First Cooling: Ceiling Fan(s); Window Unit(s) Heating: Varies by Unit Financing: Cash; Conventional Furnished: Unfurnished Lot Features: Corner Lot Lot Access: City Street; Paved Road Pool Features: Inground Parking Features: Unpaved Rooms: Bedroom Sale Type: As Is Showing: ShowingTime Utilities: Public Sewer – Connected; Public Water – Connected Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Bedroom	First	16 x 11	16.00	11.00	*measure if important
Bedroom	First	16 x 11	16.00	11.00	*measure if important
Bedroom	First	16 x 11	16.00	11.00	*measure if important
Bedroom	First	16 x 11	16.00	11.00	*measure if important
Bedroom	First	16 x 11	16.00	11.00	*measure if important
Bedroom	First	10 x 11	10.00	11.00	*measure if important
Bedroom	First	22 x 20	22.00	20.00	*measure if important

Listing Office: Think Real Estate

Last Updated: June – 01 – 2026

Information deemed reliable but not guaranteed.