171 White Cap Way · Panama City Beach, FL 32407

$315,000

3 bd · 2.0 ba · 1,432 sqft · SingleFamily public records · 61 Days on market

Built 2005 1,742 sqft lot $220/sqft · 12% above area Est $280k · 12% over

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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 +11.8/30.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• DSCR +3.5/10.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• ARV discount +2.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Palm Cove in Panama City Beach centrally located community just a short drive to the beach, dining, and shopping. This beautifully updated home is your ticket to affordable beach living. being a spacious 3-bedroom, 2.5-bath attached single-family this unit offers a functional layout with level entry, making it ideal for full-time living, or a second home. The main living area features an open floor plan with plenty of natural light, creating a comfortable space to relax or entertain. The primary suite along with additional half bath and laundry are also on main floor. Upstairs, you'll find two generously sized bedrooms, along with ample storage and closet space. The home can be purchased furnished (negotiable) with an acceptable offer making it truly move-in or rental ready. Palm Cove residents enjoy access to community pools and a low-maintenance lifestyle, all within close proximity to the beach and local attractions. Whether you're a first-time homebuyer, looking for a coastal getaway, or seeking a property with short-term rental potential, this one checks the boxes. Schedule your showing today and see what Palm Cove living is all about.

Key facts

• Open floor plan
• Central location
• Primary suite

Tags

• CENTRAL LOCATION
• FUNCTIONAL LAYOUT
• OPEN FLOOR PLAN
• NATURAL LIGHT
• PRIMARY SUITE
• AMPLE STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $-84 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $300k (4.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (20.8% below list).
• Recommended offer: $250k (20.8% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 2.6% in Panama City Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#172 in FL, #2,624 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, 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: Hutchison Beach Elementary School (math 55% / reading 45%, grade D+, #1,070 of 2,144 statewide, top 51%, 621 students, 59% FRL); Surfside Middle School (math 58% / reading 59%, grade B, #148 of 571 statewide, top 26%, 843 students, 48% FRL); J.R. Arnold High School (math 41% / reading 54%, grade D, #204 of 667 statewide, top 31%, 1,617 students, 36% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents soft (-0.2%/yr); 705 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).
• This rent runs 37% of the median local income ($81k/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 61 days — a 6% lower offer ($296k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $249,541 (20.8% 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 61 days. Have you received any prior offers? Is the seller open to a 21% 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.79% ✗
• Cap rate: 5.97%
• Cash-on-cash: -1.15%
• DSCR: 0.95
• GRM: 10.5

CMA / ARV

• ARV (median comp): $280,429
• List price: $315,000
• Delta: 12.33%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
166 White Cap Way	0.03mi	3/2.5	1,432 (0%)	4mo	$282,000	$197	93
11705 Cabana Ct	0.14mi	3/2.0	1,351 (-6%)	3mo	$351,000	$260	82
108 Beacon Ln	0.10mi	3/2.0	1,348 (-6%)	5mo	$250,000	$185	81
138 White Cap Way	0.05mi	3/2.0	1,305 (-9%)	8mo	$290,000	$222	76
11802 Cabana Ct	0.21mi	3/2.0	1,351 (-6%)	10mo	$297,500	$220	73
11817 Seashore Ln	0.25mi	3/2.0	1,332 (-7%)	8mo	$355,000	$267	70
166 Palmeras Marinas Ln	0.46mi	3/2.5	1,459 (+2%)	7mo	$322,900	$221	68
11731 Sand Castle Ln	0.19mi	3/2.0	1,269 (-11%)	8mo	$290,000	$229	65
11822 Sand Dune Dr	0.32mi	3/2.0	1,272 (-11%)	3mo	$352,000	$277	64
207 Coquina Shell Way	0.26mi	3/2.0	1,269 (-11%)	7mo	$343,000	$270	63
11814 Sand Dune Dr	0.29mi	3/2.0	1,272 (-11%)	10mo	$310,000	$244	59
323 Moonraker Cir	0.42mi	3/2.0	1,635 (+14%)	11mo	$415,000	$254	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -21.4%
• Equity multiple: 0.28×
• Total profit: $-63,770
• Equity at exit: $46,968

10-year hold

• IRR: -23.6%
• Equity multiple: -0.03×
• Total profit: $-90,865
• Equity at exit: $27,235

Cash invested: $88,200 (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 32407

• Home prices YoY: -29.5%
• Rents YoY: -0.2%
• Active inventory: 705
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,495 high
• Mortgage (P&I): −$1,652
• Tax from tax record: −$273 /mo · $3,272/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$524
• Net cashflow: $-84

Break-even live

Break-even rent $2,602

Max offer price $300,087

Occupancy floor 98%

Sensitivity live

Price	-10% $94	-5% $5	+0% $-84	+5% $-174	+10% $-263
Rent	-10% $-282	-5% $-183	+0% $-84	+5% $14	+10% $113
Rate	-1.0pp $74	-0.5pp $-4	base $-84	+0.5pp $-166	+1.0pp $-249

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
175 White Cap Way Unit 1 Panama City Beach, FL	3.0	2.5	1432	$1,750	$1.22	15d	1	0.03mi
104 White Cap Way Panama City Beach, FL	3.0	2.0	1146	$2,700	$2.36	23d	1	0.07mi
11222 Hutchison Blvd Unit 1523347P Panama City Beach, FL	2.0	2.0	1194	$3,907	$3.27	23d	1	0.11mi
11709 Seashore Ln Panama City Beach, FL	3.0	2.0	1269	$2,300	$1.81	15d	1	0.19mi
98 Paddock Club Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1093	$2,063	$1.89	15d	19	0.27mi
520 N Richard Jackson Blvd #1912 Panama City Beach, FL	2.0	2.0	1200	$2,375	$1.98	15d	1	0.33mi
800 Grand Panama Blvd Panama City Beach, FL	3.0	1.0–2.0	978	$2,699	$2.76	15d	30	0.42mi
138 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,599	$1.65	15d	1	0.50mi
136 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,750	$1.80	15d	1	0.50mi
335 Madison Cir Panama City Beach, FL	3.0	3.0	1682	$2,599	$1.55	23d	1	0.58mi
133 W Leslie Ln Unit 1 Panama City Beach, FL	2.0	1.5	950	$2,200	$2.32	23d	1	0.60mi
302 Cabana Blvd Panama City Beach, FL	1.0–3.0	1.0–2.0	1184	$1,806	$1.53	15d	15	0.63mi
12011 Front Beach Rd Unit 1523327P Panama City Beach, FL	2.0	2.0	1076	$3,796	$3.53	15d	1	0.70mi
135 Grande Island Blvd Unit 1355007P Panama City Beach, FL	3.0	3.5	1797	$2,759	$1.54	23d	1	0.72mi
10400 Panama City Beach Pkwy Panama City Beach, FL	1.0–3.0	1.0–2.0	1151	$2,372	$2.06	15d	20	0.78mi
10811 Front Beach Rd Unit 1354928P Panama City Beach, FL	3.0	2.0	1194	$3,463	$2.90	15d	1	0.84mi
10625 Front Beach Rd Unit 1354975P Panama City Beach, FL	2.0	2.0	1140	$3,166	$2.78	15d	1	0.96mi
204 Potters Bluff Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1035	$1,947	$1.88	15d	12	1.04mi
901 Pelican Pl Panama City Beach, FL	2.0	2.0	1746	$1,650	$0.95	23d	1	1.17mi
410 Foxtail Way Panama City Beach, FL	3.0	2.0	1676	$2,750	$1.64	23d	1	1.21mi
104 Gulfside Ct Unit 1523320P Panama City Beach, FL	3.0	3.0	1496	$5,020	$3.36	15d	1	1.21mi
998 Gulfside Ct Unit 1523366P Panama City Beach, FL	2.0	2.0	1065	$4,124	$3.87	15d	1	1.23mi
9815 S Thomas Dr Unit 1523339P Panama City, FL	3.0	2.0	1259	$4,018	$3.19	23d	1	1.25mi
9902 S Thomas Dr Unit 1354966P Panama City Beach, FL	2.0	2.0	1259	$1,970	$1.56	15d	1	1.34mi

Listing history 35 events

1. 2026-06-21
   days on market $315,000 Active 61 DOM
2. 2026-06-19
   days on market $315,000 Active 59 DOM
3. 2026-06-18
   days on market $315,000 Active 58 DOM
4. 2026-06-17
   days on market $315,000 Active 57 DOM
5. 2026-06-16
   days on market $315,000 Active 56 DOM
6. 2026-06-15
   days on market $315,000 Active 55 DOM
7. 2026-06-14
   days on market $315,000 Active 53 DOM
8. 2026-06-13
   days on market $315,000 Active 52 DOM
9. 2026-06-10
   days on market $315,000 Active 50 DOM
10. 2026-06-09
    days on market $315,000 Active 49 DOM
11. 2026-06-08
    days on market $315,000 Active 48 DOM
12. 2026-06-07
    days on market $315,000 Active 47 DOM
13. 2026-06-05
    days on market $315,000 Active 44 DOM
14. 2026-06-03
    days on market $315,000 Active 43 DOM
15. 2026-06-02
    days on market $315,000 Active 42 DOM
16. 2026-06-01
    days on market $315,000 Active 41 DOM
17. 2026-05-31
    days on market $315,000 Active 40 DOM
18. 2026-05-30
    days on market $315,000 Active 39 DOM
19. 2026-05-05
    price $315,000 1170-char remark

    Show marketing remark (1170 chars)

    Welcome to Palm Cove in Panama City Beach centrally located community just a short drive to the beach, dining, and shopping. This beautifully updated home is your ticket to affordable beach living. being a spacious 3-bedroom, 2.5-bath attached single-family this unit offers a functional layout with level entry, making it ideal for full-time living, or a second home. The main living area features an open floor plan with plenty of natural light, creating a comfortable space to relax or entertain. The primary suite along with additional half bath and laundry are also on main floor. Upstairs, you'll find two generously sized bedrooms, along with ample storage and closet space. The home can be purchased furnished (negotiable) with an acceptable offer making it truly move-in or rental ready. Palm Cove residents enjoy access to community pools and a low-maintenance lifestyle, all within close proximity to the beach and local attractions. Whether you're a first-time homebuyer, looking for a coastal getaway, or seeking a property with short-term rental potential, this one checks the boxes. Schedule your showing today and see what Palm Cove living is all about.

20. 2026-05-01
    status Active 1170-char remark

    Show marketing remark (1170 chars)

    Welcome to Palm Cove in Panama City Beach centrally located community just a short drive to the beach, dining, and shopping. This beautifully updated home is your ticket to affordable beach living. being a spacious 3-bedroom, 2.5-bath attached single-family this unit offers a functional layout with level entry, making it ideal for full-time living, or a second home. The main living area features an open floor plan with plenty of natural light, creating a comfortable space to relax or entertain. The primary suite along with additional half bath and laundry are also on main floor. Upstairs, you'll find two generously sized bedrooms, along with ample storage and closet space. The home can be purchased furnished (negotiable) with an acceptable offer making it truly move-in or rental ready. Palm Cove residents enjoy access to community pools and a low-maintenance lifestyle, all within close proximity to the beach and local attractions. Whether you're a first-time homebuyer, looking for a coastal getaway, or seeking a property with short-term rental potential, this one checks the boxes. Schedule your showing today and see what Palm Cove living is all about.

21. 2026-04-20
    status Pending 1170-char remark

    Show marketing remark (1170 chars)

    Welcome to Palm Cove in Panama City Beach centrally located community just a short drive to the beach, dining, and shopping. This beautifully updated home is your ticket to affordable beach living. being a spacious 3-bedroom, 2.5-bath attached single-family this unit offers a functional layout with level entry, making it ideal for full-time living, or a second home. The main living area features an open floor plan with plenty of natural light, creating a comfortable space to relax or entertain. The primary suite along with additional half bath and laundry are also on main floor. Upstairs, you'll find two generously sized bedrooms, along with ample storage and closet space. The home can be purchased furnished (negotiable) with an acceptable offer making it truly move-in or rental ready. Palm Cove residents enjoy access to community pools and a low-maintenance lifestyle, all within close proximity to the beach and local attractions. Whether you're a first-time homebuyer, looking for a coastal getaway, or seeking a property with short-term rental potential, this one checks the boxes. Schedule your showing today and see what Palm Cove living is all about.

22. 2026-04-09
    listed $325,000 Active 1170-char remark

    Show marketing remark (1170 chars)

    Welcome to Palm Cove in Panama City Beach centrally located community just a short drive to the beach, dining, and shopping. This beautifully updated home is your ticket to affordable beach living. being a spacious 3-bedroom, 2.5-bath attached single-family this unit offers a functional layout with level entry, making it ideal for full-time living, or a second home. The main living area features an open floor plan with plenty of natural light, creating a comfortable space to relax or entertain. The primary suite along with additional half bath and laundry are also on main floor. Upstairs, you'll find two generously sized bedrooms, along with ample storage and closet space. The home can be purchased furnished (negotiable) with an acceptable offer making it truly move-in or rental ready. Palm Cove residents enjoy access to community pools and a low-maintenance lifestyle, all within close proximity to the beach and local attractions. Whether you're a first-time homebuyer, looking for a coastal getaway, or seeking a property with short-term rental potential, this one checks the boxes. Schedule your showing today and see what Palm Cove living is all about.

23. 2025-08-04
    soldstatus $288,000 Closed 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

24. 2025-08-04
    soldstatus $288,000

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

25. 2025-07-05
    status Pending 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

26. 2025-07-02
    price $294,000 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

27. 2025-05-08
    price $299,000 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

28. 2025-04-06
    price $305,000 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

29. 2025-01-24
    price $315,000 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

30. 2024-07-23
    price $325,000 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

31. 2024-07-10
    price $330,000 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

32. 2024-06-13
    listed $335,000 Active 530-char remark

    Show marketing remark (530 chars)

    Come and see this beautiful and spacious well maintained 3 bedroom 2.5 bath attached single family unit located within walking distance to the beach. Completely furnished great location close proximity to shops and restaurants. Short term rentals allowed. Master bedroom on the 1st floor with 1/2 bath and laundry. Cathedral ceilings in Living room with open floor plan updated kitchen with large pantry. Upstairs 2 large bedrooms, walk in closet with full bath. Make an appointment today to come and see this beautiful property.

33. 2022-08-25
    soldstatus $300,000 Closed
34. 2022-07-09
    historical Active Under Contract
35. 2022-07-02
    listed $309,000 Active

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,272 · $273/mo
• Projected year-2 tax: $3,272 · $273/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 22 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: $29,945
• − Mortgage interest: −$17,645
• − Property taxes: −$3,272
• − Insurance: −$1,575
• − Repairs & maintenance: −$2,396
• − Management: −$2,396
• − Depreciation: −$9,164
• Taxable loss: −$6,502
• Est. tax savings @ 24.0%: +$1,560
• After-tax cash flow: $547/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 — Panama City Beach

• Score: 78/100
• State rank: #172
• US rank: #2624

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bay County · 163,593 people
• City population: 50,689
• Metro: Panama City, FL
• Population (ZIP): 16,404
• Household income: $80,831
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 939.0

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 (73%)
• Race & ethnicity: White 73% Black 10% Two or more races 9% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Italian 3% Portuguese 2%
• Foreign-born: 12% · Canada, Jamaica, South Korea
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -116.39%
• Current HPI: 277.8875
• Rent YoY: ▼ -0.25%
• 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

+1.9% since first listed

17 events — show timeline

• 2026-05-05 Price Changed $315,000 CPARMLS
• 2026-05-01 Relisted — CPARMLS
• 2026-04-20 Pending — CPARMLS
• 2026-04-09 Listed $325,000 CPARMLS
• 2025-08-04 Sold (Public Records) $288,000 Public Records
• 2025-08-04 Sold (MLS) $288,000 CPARMLS
• 2025-07-05 Pending — CPARMLS
• 2025-07-02 Price Changed $294,000 CPARMLS
• 2025-05-08 Price Changed $299,000 CPARMLS
• 2025-04-06 Price Changed $305,000 CPARMLS
• 2025-01-24 Price Changed $315,000 CPARMLS
• 2024-07-23 Price Changed $325,000 CPARMLS
• 2024-07-10 Price Changed $330,000 CPARMLS
• 2024-06-13 Listed $335,000 CPARMLS
• 2022-08-25 Sold (MLS) $300,000 CPARMLS
• 2022-07-09 Contingent — CPARMLS
• 2022-07-02 Listed $309,000 CPARMLS

Property tax history

+10.5%/yr

Latest (2025): $3,272 · +4.7% YoY. Source: county tax records.