5171 Harvey St · Callaway, FL 32404

$314,990

4 bd · 2.0 ba · 1,805 sqft · Land · 114 Days on market

Built 2026 7,492 sqft lot $175/sqft · 10% above area Est $287k · 10% over ↓ 4% since listing

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Why this score? — see what drove the F 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).

• Cash flow +6.6/30.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• ARV discount +3.0/15.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing the Grayton, an expansive split floorplan that features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton offers a split floorplan with the primary suite on one side of the home and the three secondary bedrooms on the other. Finishes include quartz countertops in the kitchen and baths, tile flooring in the wet/common areas and carpet in the bedrooms. Harvey Heights is conveniently located in the heart of Callaway and is close to Tyndall AFB and lots of shopping and dining options.

Key facts

• Quartz countertops
• Split floorplan
• Open living area

Tags

• SPLIT FLOORPLAN
• OPEN LIVING AREA
• GREAT ROOM
• DINING ROOM
• ABUNDANCE OF COUNTER SPACE
• QUARTZ COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $315k.

Deal economics

• At list price, monthly cash flow is $-525 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $239k (24.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (33.6% below list).
• Recommended offer: $209k (33.6% 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+, amenities F, commute 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.
• Zoned schools: Parker Elementary School (math 24% / reading 32%, grade F, #1,951 of 2,144 statewide, top 91%, 496 students, 74% FRL); Rutherford High School (math 24% / reading 29%, grade F, #489 of 667 statewide, top 74%, 1,337 students, 63% FRL) — zoned schools average 69% FRL vs 48% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 51% district-wide (-24 pts) — the specific schools serving this property underperform the Bay average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.1%/yr); 983 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).
• This rent runs 34% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 114 days — a 9% lower offer ($287k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts; this cycle's ask is 5% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $209,148 (33.6% 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 114 days. Have you received any prior offers? Is the seller open to a 34% 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: 0.66% ✗
• Cap rate: 4.29%
• Cash-on-cash: -7.14%
• DSCR: 0.68
• GRM: 12.6

CMA / ARV

• ARV (median comp): $286,599
• List price: $314,990
• Delta: 9.91%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -30.8%
• Equity multiple: -0.00×
• Total profit: $-88,303
• Equity at exit: $46,966

10-year hold

• IRR: -44.6%
• Equity multiple: -0.53×
• Total profit: $-135,129
• Equity at exit: $27,235

Cash invested: $88,197 (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: 983
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $2,091 high
• Mortgage (P&I): −$1,652
• Tax est. 1.5%: −$394 /mo · $4,725/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $-525

Break-even live

Break-even rent $2,755

Max offer price $239,087

Occupancy floor —

Sensitivity live

Price	-10% $-307	-5% $-416	+0% $-525	+5% $-633	+10% $-742
Rent	-10% $-690	-5% $-607	+0% $-525	+5% $-442	+10% $-359
Rate	-1.0pp $-366	-0.5pp $-444	base $-525	+0.5pp $-606	+1.0pp $-689

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: $78,748
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
129 Seneca Ave Panama City, FL	3.0	2.0	1449	$1,495	$1.03	15d	1	0.29mi
420 Raven Ln Panama City, FL	3.0	2.0	1251	$1,750	$1.40	22d	1	0.49mi
526 Camellia Ave Panama City, FL	3.0	2.0	1375	$1,950	$1.42	22d	1	0.49mi
5817 Jasmine Ct Panama City, FL	4.0	2.5	1633	$2,000	$1.22	15d	1	0.57mi
114 S Kimbrel Ave Panama City, FL	3.0	2.0	1400	$1,850	$1.32	22d	1	0.92mi
509 Phillips Ct Panama City, FL	3.0	2.0	1411	$1,700	$1.20	15d	1	0.92mi
906 Kevin Ct Panama City, FL	3.0	2.0	1266	$1,795	$1.42	22d	1	1.08mi
163 Lauren Ln Panama City, FL	4.0	2.0	1731	$2,300	$1.33	22d	1	1.20mi
175 N Berthe Ave Panama City, FL	4.0	2.0	1498	$2,195	$1.47	15d	1	1.29mi

Listing history 38 events

1. 2026-06-21
   days on market $314,990 Active 114 DOM
2. 2026-06-19
   days on market $314,990 Active 112 DOM
3. 2026-06-18
   days on market $314,990 Active 111 DOM
4. 2026-06-17
   days on market $314,990 Active 110 DOM
5. 2026-06-16
   days on market $314,990 Active 109 DOM
6. 2026-06-15
   days on market $314,990 Active 108 DOM
7. 2026-06-14
   days on market $314,990 Active 106 DOM
8. 2026-06-13
   pricedays on market $314,990 Active 105 DOM
9. 2026-06-10
   days on market $299,990 Active 103 DOM
10. 2026-06-09
    days on market $299,990 Active 102 DOM
11. 2026-06-08
    days on market $299,990 Active 101 DOM
12. 2026-06-07
    days on market $299,990 Active 100 DOM
13. 2026-06-05
    days on market $299,990 Active 97 DOM
14. 2026-06-03
    days on market $299,990 Active 96 DOM
15. 2026-06-02
    days on market $299,990 Active 95 DOM
16. 2026-06-01
    days on market $299,990 Active 94 DOM
17. 2026-05-31
    days on market $299,990 Active 93 DOM
18. 2026-05-30
    days on market $299,990 Active 92 DOM
19. 2026-02-27
    listed $299,990 Active 879-char remark

    Show marketing remark (879 chars)

    Introducing the Grayton, an expansive split floorplan that features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton offers a split floorplan with the primary suite on one side of the home and the three secondary bedrooms on the other. Finishes include quartz countertops in the kitchen and baths, tile flooring in the wet/common areas and carpet in the bedrooms. Harvey Heights is conveniently located in the heart of Callaway and is close to Tyndall AFB and lots of shopping and dining options.

20. 2026-02-26
    status Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

21. 2026-02-25
    historical 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

22. 2026-01-15
    price $299,990 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

23. 2026-01-07
    price $306,990 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

24. 2025-12-30
    status Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

25. 2025-12-29
    historical 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

26. 2025-12-23
    status Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

27. 2025-12-22
    historical 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

28. 2025-12-21
    status Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

29. 2025-12-20
    historical 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

30. 2025-12-19
    status Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

31. 2025-12-18
    historical 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

32. 2025-11-22
    status Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

33. 2025-11-22
    historical 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

34. 2025-11-21
    status Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

35. 2025-11-21
    historical 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

36. 2025-11-13
    status Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

37. 2025-11-11
    historical 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

38. 2025-10-15
    listed $313,990 Active 1377-char remark

    Show marketing remark (1377 chars)

    Introducing the Grayton, an expansive split floorplan from our Value collection. This new home features 4 bedrooms and 2 baths, offering ample space for the entire family. As you enter through the front door, you'll be greeted by an open living area, encompassing the great room and dining room. This open concept design creates a seamless flow and a sense of togetherness. The kitchen is a true standout, boasting an abundance of counter space, providing a spacious and practical workspace for all your culinary endeavors. The Grayton is constructed with our renowned commitment to quality. This home incorporates energy-smart features throughout. These include a digital thermostat, a heating, ventilation, and A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows. Rest assured, this home is backed by our comprehensive warranty package. All Holiday Builders homes, regardless of collection, include a 1-year transferable builder warranty and a 10-year structural warranty. Owning a home like the Grayton eliminates the need for renting, allowing you to build equity and create lasting memories. To further enhance the buying experience, we've pre-selected quartz countertops, tile flooring with comfortable carpeting in bedrooms. These selections have been made with buyers' savings in mind, ensuring both affordability and style.

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

Taxation est. · year 1

• Rental income: $25,098
• − Mortgage interest: −$17,644
• − Property taxes: −$4,725
• − Insurance: −$1,575
• − Repairs & maintenance: −$2,008
• − Management: −$2,008
• − Depreciation: −$9,163
• Taxable loss: −$12,025
• Est. tax savings @ 24.0%: +$2,886
• After-tax cash flow: $-3,409/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
• City population: 91,445
• 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

-4.5% since first listed

20 events — show timeline

• 2026-02-27 Listed $299,990 CPARMLS
• 2026-02-26 Relisted — Zillow
• 2026-02-25 Delisted — Zillow
• 2026-01-15 Price Changed $299,990 Zillow
• 2026-01-07 Price Changed $306,990 Zillow
• 2025-12-30 Relisted — Zillow
• 2025-12-29 Delisted — Zillow
• 2025-12-23 Relisted — Zillow
• 2025-12-22 Delisted — Zillow
• 2025-12-21 Relisted — Zillow
• 2025-12-20 Delisted — Zillow
• 2025-12-19 Relisted — Zillow
• 2025-12-18 Delisted — Zillow
• 2025-11-22 Relisted — Zillow
• 2025-11-22 Delisted — Zillow
• 2025-11-21 Relisted — Zillow
• 2025-11-21 Delisted — Zillow
• 2025-11-13 Relisted — Zillow
• 2025-11-11 Delisted — Zillow
• 2025-10-15 Listed $313,990 Zillow