267 Reddy Creek Dr · Callaway, FL 32404

$259,900

3 bd · 2.0 ba · 1,427 sqft · Land · 118 Days on market

Built 2026 5,663 sqft lot $182/sqft · 13% below area Est $299k · 13% under ↓ 12% since listing

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +13.4/15.0
• Cash flow +7.1/30.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• DSCR +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

Key facts

• Double vanity
• Quartz countertops
• Durable vinyl siding

Tags

• OPEN CONCEPT HOME
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• DOUBLE VANITY
• DURABLE VINYL SIDING
• FULLY SODDED YARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $260k.

Deal economics

• At list price, monthly cash flow is $-365 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $207k (20.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (30.3% below list).
• Recommended offer: $181k (30.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#690 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, schools F, amenities F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.1%/yr); 969 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $34k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,154 (30.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.70% ✗
• Cap rate: 4.61%
• Cash-on-cash: -6.02%
• DSCR: 0.73
• GRM: 12.0

CMA / ARV

• ARV (median comp): $299,119
• List price: $259,900
• Delta: -13.11%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -28.7%
• Equity multiple: 0.06×
• Total profit: $-68,698
• Equity at exit: $38,752

10-year hold

• IRR: -37.8%
• Equity multiple: -0.41×
• Total profit: $-102,935
• Equity at exit: $22,471

Cash invested: $72,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32404

• Home prices YoY: -16.1%
• Rents YoY: 1.1%
• Active inventory: 969
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,812 high
• Mortgage (P&I): −$1,363
• Tax est. 1.5%: −$325 /mo · $3,898/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $-365

Break-even live

Break-even rent $2,274

Max offer price $207,085

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
285 Sukoshi Dr Unit C Panama City, FL	2.0	1.5	916	$1,250	$1.36	13d	1	0.61mi
291 Sukoshi Dr Unit A Panama City, FL	2.0	1.5	918	$1,495	$1.63	21d	1	0.62mi
211 Sukoshi Dr Panama City, FL	3.0	2.0	1512	$1,900	$1.26	21d	1	0.69mi
126 Kristine Blvd Panama City, FL	2.0	1.0	884	$1,400	$1.58	21d	1	0.81mi
263 Nelle Ave Panama City, FL	3.0	2.0	1294	$1,690	$1.31	21d	1	0.88mi
7727 Betty Louise Dr Panama City, FL	3.0	2.0	1430	$1,950	$1.36	21d	1	1.01mi
7709 Betty Louise Dr Panama City, FL	3.0	2.0	1310	$1,800	$1.37	21d	1	1.09mi
7006 Lois St Unit B Panama City, FL	2.0	1.0	1000	$1,000	$1.00	21d	1	1.33mi
116 Christie Ln Panama City, FL	3.0	2.0	1092	$1,550	$1.42	21d	1	1.45mi

Listing history 36 events

1. 2026-06-17
   status $259,900 Pending 118 DOM
2. 2026-06-17
   days on market $259,900 Active 118 DOM
3. 2026-06-16
   days on market $259,900 Active 117 DOM
4. 2026-06-15
   price $259,900 Active 116 DOM
5. 2026-06-15
   days on market $264,900 Active 116 DOM
6. 2026-06-14
   days on market $264,900 Active 114 DOM
7. 2026-06-13
   pricedays on market $264,900 Active 113 DOM
8. 2026-06-10
   days on market $259,900 Active 111 DOM
9. 2026-06-09
   days on market $259,900 Active 110 DOM
10. 2026-06-08
    days on market $259,900 Active 109 DOM
11. 2026-06-07
    statusdays on market $259,900 Active 108 DOM
12. 2026-05-19
    price $259,900 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

13. 2026-05-18
    price $259,900 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

14. 2026-05-15
    price $264,900 1411-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

15. 2026-05-15
    price $264,900 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

16. 2026-05-12
    price $249,900 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

17. 2026-05-11
    price $249,900 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

18. 2026-05-06
    price $279,975 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

19. 2026-05-04
    price $279,900 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

20. 2026-05-02
    price $279,900 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

21. 2026-04-28
    price $284,900 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

22. 2026-04-27
    price $284,900 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

23. 2026-04-18
    status Active 1411-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

24. 2026-04-18
    price $292,000 1411-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

25. 2026-04-18
    status Active 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

26. 2026-04-18
    price $292,000 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

27. 2026-03-22
    historical 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

28. 2026-03-20
    status Pending 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

29. 2026-02-12
    price $289,900 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

30. 2026-02-07
    price $289,900 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

31. 2026-01-28
    price $293,900 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

32. 2026-01-27
    price $293,900 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

33. 2026-01-21
    price $289,900 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

34. 2026-01-20
    price $289,900 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

35. 2026-01-13
    listed $293,900 Active 1274-char remark

    Show marketing remark (1274 chars)

    Welcome to 267 Reddy Creek Drive, a new home featuring the Celeste floor plan at Park Place in Panama City, Florida. The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Whatever home you're looking for, you will find one at Park Place. Schedule a tour with us to see this beautiful floor plan or stop by the model home today!

36. 2026-01-12
    listed $293,900 Active 1411-char remark

    Show marketing remark (1411 chars)

    The Celeste floor plan is a 3-bedroom, 2 bathroom, 1,427 square feet open concept home. As you enter, you will notice the living room as the focal point of the home as it opens to the kitchen, hallway, and primary bedroom. The main areas are made with beautiful EVP flooring and carpet in the bedrooms. The kitchen has quartz countertops and shiny stainless-steel appliances including a stove, microwave, and dishwasher. The bathroom also has quartz countertops and EVP flooring, and the primary bathroom features a double vanity while the guest bathroom features a single vanity. Like all homes in Park Place, the Celeste includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. On the outside you will see durable vinyl siding and the spacious 2 car garage. Each home has dimensional shingles with a 30-year warranty. Each yard is fully sodded and has plenty of room to enjoy activities with your family or friends. Our Park Place community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Park Place can enjoy exclusive access an amenity center complete with a pool and playground for all to enjoy. Whatever home you're looking for, you will find one at Park Place. Stop by the model home or schedule a tour online today!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 10/10 Extreme 6 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,738
• − Mortgage interest: −$14,558
• − Property taxes: −$3,898
• − Insurance: −$1,300
• − Repairs & maintenance: −$1,739
• − Management: −$1,739
• − Depreciation: −$7,561
• Taxable loss: −$9,057
• Est. tax savings @ 24.0%: +$2,174
• After-tax cash flow: $-2,206/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Callaway

• Score: 64/100
• State rank: #690
• US rank: #14384

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment D+ Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Callaway, FL
• County: Bay County · 163,593 people
• Metro: Panama City, FL
• Population (ZIP): 42,514
• Household income: $74,708
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 1218.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 12% Two or more races 10% Hispanic / Latino 9% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Lithuanian 3% Slovak 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam, Mexico
• Languages at home: 90% English-only · Spanish 6% Vietnamese 1% Other Asian/Pacific 1%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.59%
• Current HPI: 263.7178
• Rent YoY: ▲ 1.12%
• Metro: Panama City, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-11.6% since first listed

25 events — show timeline

• 2026-05-19 Price Changed $259,900 Zillow
• 2026-05-18 Price Changed $259,900 CPARMLS
• 2026-05-15 Price Changed $264,900 CPARMLS
• 2026-05-15 Price Changed $264,900 Zillow
• 2026-05-12 Price Changed $249,900 Zillow
• 2026-05-11 Price Changed $249,900 CPARMLS
• 2026-05-06 Price Changed $279,975 Zillow
• 2026-05-04 Price Changed $279,900 Zillow
• 2026-05-02 Price Changed $279,900 CPARMLS
• 2026-04-28 Price Changed $284,900 Zillow
• 2026-04-27 Price Changed $284,900 CPARMLS
• 2026-04-18 Relisted — CPARMLS
• 2026-04-18 Price Changed $292,000 CPARMLS
• 2026-04-18 Price Changed $292,000 Zillow
• 2026-04-18 Relisted — Zillow
• 2026-03-22 Delisted — Zillow
• 2026-03-20 Pending — CPARMLS
• 2026-02-12 Price Changed $289,900 CPARMLS
• 2026-02-07 Price Changed $289,900 Zillow
• 2026-01-28 Price Changed $293,900 Zillow
• 2026-01-27 Price Changed $293,900 CPARMLS
• 2026-01-21 Price Changed $289,900 Zillow
• 2026-01-20 Price Changed $289,900 CPARMLS
• 2026-01-13 Listed $293,900 Zillow
• 2026-01-12 Listed $293,900 CPARMLS