About This Home

This 4-bedroom, 2-bathroom single family at 331 Maine Avenue in Panama City, FL is listed for $249,000 ($216 per sqft). Built in 1945, the home offers 1,152 sqft of living space on a 0.34 acres lot.

Key Features

  • Built in 1945
  • 0.34 acre lot

Property Details

2 full
1945

Amenities

A/C
Listing Description

HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This versatile property, once a 4 BR 2 BA, has been converted to a 2-unit rental property that is perfect for short- or mid-term rental income or as a single-family main house/mother-in-law suite arrangement.

Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there! This property has been rented only on Furnished Finder and by word of mouth. Seller states income for 2025 was $28,710! WHY THIS PROPERTY IS AWESOME: --Multiple possibilities for living/renting - especially as workforce housing for travel nurses, military, contractors, and others --NEW METAL ROOF in 2026!

--Other updates/upgrades/repairs made recently. See attached documents. --2 BR, 1 BA in front, 1 BR, 1 BA in back (or restore to 4/2 as noted above) --Stated mid-term rental income of up to $1,700 for front unit, $1,600/mo for back unit - WOW! --Full kitchen in front, efficient kitchenette in back --SOLD FULLY FURNISHED!

--Fresh paint in main (front) unit --Driveway parking for 4; boat parking is easy! --HUGE backyard on this 75' x 200' lot. Make your own nature oasis with fruit trees or palms or put in a pickleball court, fire pit, and a pool! --Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and walkable to Gene's Oyster Bar See the full list of updates/upgrades/repairs in the attached DOCUMENTS section. COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!

Monthly Cost Estimate

$1,332/mo

20% down · 6.5% · 30 years

Principal$180
Interest$1,079
Insurance$73

Estimates only. Actual payments may vary.

Location

331 Maine Avenue

Panama City, FL 32401

Welch Add

Property Details

Construction

VinylSiding

Outdoor Features

Porch

Heating

Ductless (Heating)Electric (Heating)

Cooling

Wall Unit(s)Ductless

Appliances

ElectricRangeElectricWaterHeater

Questions & Answers

This 4-bedroom, 2-bathroom single family at 331 Maine Avenue is listed at $249,000 ($216/sqft). The estimated monthly payment is $1,332 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1945, 0.34 acre lot.

This property is listed by January Johnson.

JJ

January Johnson

License SL3368469

Agent at EXP Realty LLC

Listed by EXP Realty LLC · Broker phone: (888) 883-8509 · View on Broker Site · Broker website

MLS# 795808· Source: Central Panhandle Association of REALTORS· 38 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.

331 Maine Avenue, Panama City, FL 32401

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