BEDS3
BATHS2 full
SQUARE FEET1,329
MLS#994435
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONHARMON PLAT
Property Description
Rare opportunity in the COVE, Panama City, FL! Two-dwelling properties like this are extremely hard to find! This unique income-producing property features three separate structures, two dwelling units, separate utilities, and brand-new roofs on all buildings, making it an ideal option for investors, house hackers, multi-generational living, or short-term/long-term rental strategies. This home is only 0.5 miles from Harrison Avenue and downtown Panama City, an area that blends historic charm with modern energy. Situated on the shores of St. Andrews Bay, downtown has experienced a resurgence in recent years, with new shops, restaurants, breweries, galleries, and community events revitalizing its historic core. The front home is vacant and fully remodeled (2023) and offers 2 bedrooms, 1 bathroom, and 859 sq. ft. of living space. Updates include a new A/C (2025, under warranty), impact skylight, new appliances, washer & dryer, new plumbing, new flooring, new blinds, and a fully fenced private yard with off-street parking and storage. Previous rent: $1,900/mo. Unit B features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and separate driveway with private alley access! Perfect for rental income, guest suite, or entertainment space. Rented: $900/mo.Each unit has separate electric and water meters, allowing for a true income-producing operation that offers privacy for each unit and simplified property management.A third structure provides dedicated laundry for Unit B and additional storage for both homes, increasing functionality and tenant appeal. Located in the highly desirable Cove area of Panama City, this property offers charm, convenience, and long-term value just minutes from downtown shopping, dining, schools, and the water. This is a unique investment opportunity in one of the city's most established neighborhoods! Measurements are to be verified by Buyer.
Property Features
Property Type: Residential - Single Family
Cooling: Wall/Window Unit(s), Ceiling Fans, Central Air
Fenced: Yes
Heating: Central
Home Style: Florida Cottage
Lot Size: 0.15 Acres
Stories: 1.0
Taxes: $3,729
Year Built: 1934
Feature Descriptions
Appliances: Dishwasher, Dryer, Range Hood, Refrigerator, Stove/Oven Electric, Washer
Community Features: Short Term Rental - Allowed
Days on Site: 72
Exterior: Block, Foundation Off Grade, Siding CmntFbrHrdBrd, Tr
Exterior: Fenced Back Yard
Financing Terms: Conventional, FHA, VA, Other
Flooring: Floor Laminate
Lot: Within 1/2 Mile to Water
Lot Dimensions: 50 x 130
Parcel Number: 20253000000
Patio/Porch: Porch
Property Condition: Construction Complete
Road Frontage: City Street
Rooms Total: 12
Sewer: Public Sewer
Sub Type: Detached Single Family
Utilities: Electric, Public Water
Room Sizes
Bedroom: 16 X 13 Level - First
Bedroom: 12 X 9 Level - First
Living Room: 17 X 9 Level - First
Kitchen: 20 X 7 Level - First
Full Bathroom: 9 X 5 Level - First
Covered Porch: 15 X 5 Level - First
Laundry: 8 X 4 Level - First
Bedroom: 12 X 9 Level - First
Kitchen: 9 X 7 Level - First
Living Room: 12 X 17 Level - First
Full Bathroom: 7 X 5 Level - First
Storage: 23 X 8 Level - First
Local Schools
High School: Bay
Middle School: Jinks
Elementary School: Cherry Street
Listed By / Shown By
Listed By
Agency Name: Beachy Beach Real Estate
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 1,113.75 per month $709.96 Principal & Interest $310.75 Property Tax $93.04 Homeowner's InsuranceChange Payment Information
206 E 2nd Court, Unit A & B | MLS# 994435
This single family home located at 206 E 2nd Court, Unit A & B, Panama City, FL 32401 is currently listed for sale with an asking price of $319,000. This property was built in 1934 and has 3 bedrooms and 2 full baths with 1329 sq. ft. E 2nd Court, Unit A & B is located in the HARMON PLAT subdivision. Search HARMON PLAT real estate on www.realtymarkllc.com today.