About This Home

This 12-bedroom, 5-bathroom single family at 11921 Caruso Drive in Panama City, FL is listed for $325,000 ($48 per sqft). Built in 1981, the home offers 6,788 sqft of living space on a 0.98 acres lot.

Key Features

  • Built in 1981
  • 0.98 acre lot

Property Details

1 story
5 full
1981

Amenities

A/C
Listing Description

Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation.

The building is currently vacant and in need of substantial updates-ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

11921 Caruso Drive

Panama City, FL 32404

[No Recorded Subdiv]

Features & Amenities

Interior Features

HandicapAccess

Property Details

Heating

Central

Cooling

Central Air

Questions & Answers

This 12-bedroom, 5-bathroom single family at 11921 Caruso Drive is listed at $325,000 ($48/sqft). The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1981, 0.98 acre lot. Interior Features: HandicapAccess.

This property is listed by Daniel P McCall.

DM

Daniel P McCall

Agent at Counts Real Estate Group Inc

Listed by Counts Real Estate Group Inc · Broker phone: (850) 249-3615 · View on Broker Site · Broker website

MLS# 773347· Source: Central Panhandle Association of REALTORS· 537 days on PropertySimple

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

11921 Caruso Drive, Panama City, FL 32404

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