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Jessica Henrichsen

pcswithjess@gmail.com +1(318) 780-4231

$ 499,000

Est. payment -/mo

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221 W Baldwin RD Panama City, FL 32405

4 Beds

2 Baths

1,750 SqFt

UPDATED:

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

Listed by Think Real Estate

Jessica Henrichsen

Agent | SL3553737

+1(318) 780-4231

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Jessica Henrichsen

221 W Baldwin RD Panama City, FL 32405

Key Details

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Interior

Exterior

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221 W Baldwin RD