Panama City, FL Home For Sale
Property Type:
Residential / Detached Single Family
Price: $499,000
Status:
Active
Days on Website:
5
Bedrooms: 5
Baths: 4 Full,
1 Half
Sqft: 7,904
Lot Size: 198 x 171
Acres: 0.78
Year Built: 1975
Subdivision: No Named Subdivision
Address:
3911 E 11th St
Area:
Panama City,
FL
MLS #:
328146
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Description:
Massive Income-Producing Opportunity or Multi-Generational Estate in Panama City! Welcome to 3911 E 11th Street, an incredibly rare find offering nearly 8,000 square feet of living space with unmatched flexibility and income potential! This unique property currently features two separate living areas (apartments), plus an additional flex space (currently used as a dog grooming business) and a large indoor workshop area, making it ideal for investors, entrepreneurs, or multi-generational living. With its layout and previous use, this property also has the potential to accommodate up to four separate units, offering even greater income-producing possibilities. One of the most impressive features of this home is the solar panel system that conveys with the sale, dramatically reducing operating costs. The current owner reports electric bills for heating and cooling the entire home at around just $40/month, providing exceptional long-term savings—especially for a property of this size. Adding even more value, this property was previously zoned for commercial/residential use and may have the potential to be reverted back (buyer to verify with local authorities). This opens the door to a wide range of possibilities, including operating a business on-site while maintaining 2–4 separate living areas, creating a true live/work income-producing setup. The roof was replaced in 2019 and upgraded to meet newer code requirements, featuring High Temp Fire & Ice underlayment. With its expansive layout, multiple living quarters, versatile flex space, dedicated workshop area, and energy-efficient features, this property is perfect for investors, entrepreneurs, or anyone needing space and flexibility. Conveniently located near shopping, dining, schools, Tyndall Air Force Base, and the beautiful Gulf Coast beaches, this property combines opportunity with location. Opportunities like this don't come around often, schedule your private showing today and explore the possibilities!
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Features for 3911 E 11th St, Panama City:
Listing courtesy of Anchor Realty Florida
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Map and related homes for sale:
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