221 W Baldwin RD new Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32405
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $285
Subdivision Baldwin Heights
MLS Listing ID 775153
Style Ranch
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1969
Annual Tax Amount $2,224
Tax Year 2024
Lot Size 0.990 Acres
Acres 0.99
Property Sub-Type Detached
Property Description
Versatile Property with Income-Producing Apartment on 1 Acre in Panama CityLocated on a spacious 1-acre lot in unincorporated Bay County, this unique property offers incredible flexibility, comfort, and income potential. The main home features 4 bedrooms plus a bonus room/office, a 2-car garage with an oversized cubby ideal for a workshop, and stylish concrete and stainless steel kitchen countertops. A covered front porch provides the perfect outdoor space to relax. Key systems have been updated, including a metal roof (2019), HVAC (2019), and hot water heater (2018).A standout feature is the 800 sq ft, 1-bedroom/1-bath studio apartment located above a separate 3-car detached garage. The apartment has its own laundry area, private entrance, and separate septic system (replaced after Hurricane Michael). Currently rented for $1,500/month, it's ideal for offsetting your mortgage, hosting guests, or accommodating multigenerational living.Additional Features Include:Separate septic systems for the main house and apartment.Entire property is on well water.Metal roofs on both structures (2019).Single electric meter for both units.Front windows replaced after Hurricane Michael.Insurance is approximately $3,500/year for both structures.Located in unincorporated Panama City--offering more flexibility and fewer restrictions.This is a rare opportunity to own a property that blends income potential, peace of mind, and functionality in a desirable, low-restriction area just outside the city limits. Perfect for those seeking space, versatility, and value!
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Interior Features Kitchen Island
Heating Central
Furnishings Unfurnished
Fireplace No
Appliance Electric Cooktop,Electric Water Heater,Refrigerator
Exterior
Parking Features Attached,Garage,Oversized
Garage Spaces 5.0
Garage Description 5.0
Pool None
Utilities Available Septic Available,Water Available
Roof Type Metal
Porch Covered,Porch
Building
Story 1
Foundation Slab
Sewer Septic Tank
Water Well
Architectural Style Ranch
Additional Building Second Garage
Schools
Elementary Schools Northside
Middle Schools Jinks
High Schools Bay
Others
Tax ID 12993-000-000
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional