107 Michelle Ct · Upper Grand Lagoon, FL 32407

$230,000

3 bd · 2.0 ba · 1,442 sqft · SingleFamily public records · 61 Days on market

Built 1989 5,662 sqft lot $160/sqft · 41% below area Est $393k · 41% under

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Why this score? — see what drove the C 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 +19.8/30.0
• ARV discount +15.0/15.0
• DSCR +6.3/10.0
• Schools +4.3/10.0
• 1% rule +4.2/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great value with endless potential--make this 3-bedroom, 2-bath home your own! Tucked away on a paved cul-de-sac with no HOA, this property offers both privacy and convenience. Located just minutes from the beach, Panama City, the Navy base, Pier Park, shopping, parks, schools, and dining. Step inside to a cozy living room featuring a charming corner brick fireplace. The converted garage, complete with a closet and A/C venting, provides flexible space--perfect for a 4th bedroom, home office, or additional storage. Enjoy the private backyard with a shared fence and a newer 10x12 storage building, ideal for tools or outdoor gear. Major updates include: Roof (6 years old) Water heater (3 years old) Three new windows with lifetime warranty (installed August 2023) New patio slider door A/C approximately 11 years old and in good working condition Fresh interior and exterior paint. Are you sick of your AC bill fighting this FL heat?? sweat no more! we got the perfect solution to those outrageous utility bills! Energy-efficient solar panels help keep utility costs low, with a $159.15 monthly lease and an average electric bill around $25. Don't miss this opportunity to own a well-located home with room to customize and grow!

Key facts

• Private backyard
• Paved cul-de-sac
• Converted garage

Tags

• PAVED CUL-DE-SAC
• PRIVATE BACKYARD
• CORNER BRICK FIREPLACE
• CONVERTED GARAGE
• NEWER STORAGE BUILDING
• ENERGY-EFFICIENT SOLAR PANELS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $207 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $212k (7.8% below list).
• Recommended offer: $212k (7.8% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 3.2% in Upper Grand Lagoon — 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 67/100 on livability (#583 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, cost of living B+; Watch: schools 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.
• Market conditions: Rents soft (-0.2%/yr); 702 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 31% 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 $7k 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 ($216k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 29y ago; this cycle's ask has dropped $40k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,950 (7.8% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 D-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. 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.
7. 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.
8. 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: 0.92% ✗
• Cap rate: 7.72%
• Cash-on-cash: 5.10%
• DSCR: 1.23
• GRM: 9.0

CMA / ARV

• ARV (median comp): $393,162
• List price: $230,000
• Delta: -41.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
112 Dana Way	0.03mi	3/2.0	1,445 (+0%)	6mo	$320,000	$221	93
106 Dana Way	0.02mi	3/2.0	1,483 (+3%)	9mo	$280,000	$189	87
109 Michelle Ct	0.01mi	3/2.0	1,387 (-4%)	8mo	$310,000	$224	86
7131 Melissa Elaine Dr	0.17mi	3/2.0	1,417 (-2%)	11mo	$335,000	$236	80
809 Junior Arnold Ct	0.26mi	3/2.0	1,554 (+8%)	2mo	$312,500	$201	74
6617 Harbour Blvd	0.41mi	2/2.0 (-1)	1,471 (+2%)	6mo	$310,000	$211	68
6582 Harbour Blvd	0.49mi	3/2.0	1,471 (+2%)	9mo	$460,000	$313	66
7464 Shadow Lake Dr	0.57mi	3/2.5	1,496 (+4%)	2mo	$243,000	$162	63
208 Greenwood Dr	0.47mi	3/2.0	1,553 (+8%)	8mo	$270,000	$174	58
7690 Shadow Lake Dr	0.61mi	3/2.5	1,496 (+4%)	11mo	$269,000	$180	55
219 Woodlawn Dr	0.52mi	3/2.0	1,590 (+10%)	10mo	$360,000	$226	50
124 Heritage Cir	0.66mi	3/2.0	1,315 (-9%)	10mo	$295,000	$224	46

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: -13.5%
• Equity multiple: 0.53×
• Total profit: $-30,321
• Equity at exit: $34,294

10-year hold

• IRR: -9.7%
• Equity multiple: 0.48×
• Total profit: $-33,582
• Equity at exit: $19,886

Cash invested: $64,400 (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: 702
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,120 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$99 /mo · $1,184/yr
• Insurance: −$96
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $207

Break-even live

Break-even rent $1,857

Max offer price $230,000

Occupancy floor 85%

Sensitivity live

Price	-10% $338	-5% $272	+0% $207	+5% $142	+10% $77
Rent	-10% $40	-5% $124	+0% $207	+5% $291	+10% $375
Rate	-1.0pp $323	-0.5pp $266	base $207	+0.5pp $148	+1.0pp $87

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6625 Harbour Blvd Panama City Beach, FL	2.0	2.0	1438	$1,695	$1.18	21d	1	0.38mi
6728 Sunrise Dr Panama City Beach, FL	3.0	2.0	966	$1,600	$1.66	13d	1	0.42mi
6588 Harbour Blvd Unit 1 Panama City Beach, FL	2.0	2.5	1200	$1,760	$1.47	21d	1	0.45mi
7664 Shadow Lake Dr Unit 1523352P Panama City Beach, FL	3.0	2.0	1539	$3,210	$2.09	13d	1	0.59mi
7682 Shadow Lake Dr Panama City Beach, FL	3.0	2.5	1496	$1,875	$1.25	21d	1	0.62mi
6422 W Highway 98 #1405 Panama City Beach, FL	2.0	2.0	1384	$3,850	$2.78	21d	1	0.84mi
7110 London St Panama City Beach, FL	2.0–3.0	2.5	1419	$2,157	$1.52	13d	6	0.86mi
2148 Sterling Cove Blvd Unit 1 Panama City Beach, FL	2.0	1.5	1152	$1,695	$1.47	21d	1	1.01mi
2110 Sterling Cove Blvd Panama City, FL	2.0	2.0	1156	$1,800	$1.56	21d	1	1.04mi
2195 Wilkinson St Panama City, FL	1.0–3.0	1.0–2.0	1017	$2,355	$2.31	13d	41	1.11mi
1846 Annabellas Dr Panama City Beach, FL	2.0	2.5	1404	$1,850	$1.32	21d	1	1.13mi
1734 Annabellas Dr Panama City Beach, FL	3.0	2.5	1578	$2,100	$1.33	21d	1	1.22mi
1744 Annabellas Dr Panama City Beach, FL	3.0	2.5	1578	$2,100	$1.33	13d	1	1.22mi
8551 Panama City Beach Pkwy Panama City Beach, FL	1.0–3.0	1.0–2.0	964	$2,184	$2.26	13d	12	1.31mi
8700 Front Beach Rd Panama City Beach, FL	2.0–3.0	2.5	1543	$2,400	$1.56	13d	2	1.50mi

Listing history 42 events

1. 2026-06-19
   days on market $230,000 Active 61 DOM
2. 2026-06-18
   days on market $230,000 Active 60 DOM
3. 2026-06-17
   days on market $230,000 Active 59 DOM
4. 2026-06-16
   days on market $230,000 Active 58 DOM
5. 2026-06-15
   days on market $230,000 Active 57 DOM
6. 2026-06-14
   days on market $230,000 Active 55 DOM
7. 2026-06-13
   days on market $230,000 Active 54 DOM
8. 2026-06-10
   days on market $230,000 Active 52 DOM
9. 2026-06-09
   days on market $230,000 Active 51 DOM
10. 2026-06-08
    days on market $230,000 Active 50 DOM
11. 2026-06-07
    days on market $230,000 Active 49 DOM
12. 2026-06-05
    days on market $230,000 Active 46 DOM
13. 2026-06-01
    days on market $230,000 Active 45 DOM
14. 2026-05-31
    days on market $230,000 Active 44 DOM
15. 2026-05-30
    days on market $230,000 Active 43 DOM
16. 2026-05-14
    price $245,000 1239-char remark

    Show marketing remark (1239 chars)

    Great value with endless potential--make this 3-bedroom, 2-bath home your own! Tucked away on a paved cul-de-sac with no HOA, this property offers both privacy and convenience. Located just minutes from the beach, Panama City, the Navy base, Pier Park, shopping, parks, schools, and dining. Step inside to a cozy living room featuring a charming corner brick fireplace. The converted garage, complete with a closet and A/C venting, provides flexible space--perfect for a 4th bedroom, home office, or additional storage. Enjoy the private backyard with a shared fence and a newer 10x12 storage building, ideal for tools or outdoor gear. Major updates include: Roof (6 years old) Water heater (3 years old) Three new windows with lifetime warranty (installed August 2023) New patio slider door A/C approximately 11 years old and in good working condition Fresh interior and exterior paint. Are you sick of your AC bill fighting this FL heat?? sweat no more! we got the perfect solution to those outrageous utility bills! Energy-efficient solar panels help keep utility costs low, with a $159.15 monthly lease and an average electric bill around $25. Don't miss this opportunity to own a well-located home with room to customize and grow!

17. 2026-05-09
    price $259,900 1239-char remark

    Show marketing remark (1239 chars)

    Great value with endless potential--make this 3-bedroom, 2-bath home your own! Tucked away on a paved cul-de-sac with no HOA, this property offers both privacy and convenience. Located just minutes from the beach, Panama City, the Navy base, Pier Park, shopping, parks, schools, and dining. Step inside to a cozy living room featuring a charming corner brick fireplace. The converted garage, complete with a closet and A/C venting, provides flexible space--perfect for a 4th bedroom, home office, or additional storage. Enjoy the private backyard with a shared fence and a newer 10x12 storage building, ideal for tools or outdoor gear. Major updates include: Roof (6 years old) Water heater (3 years old) Three new windows with lifetime warranty (installed August 2023) New patio slider door A/C approximately 11 years old and in good working condition Fresh interior and exterior paint. Are you sick of your AC bill fighting this FL heat?? sweat no more! we got the perfect solution to those outrageous utility bills! Energy-efficient solar panels help keep utility costs low, with a $159.15 monthly lease and an average electric bill around $25. Don't miss this opportunity to own a well-located home with room to customize and grow!

18. 2026-04-17
    listed $269,900 Active 1239-char remark

    Show marketing remark (1239 chars)

    Great value with endless potential--make this 3-bedroom, 2-bath home your own! Tucked away on a paved cul-de-sac with no HOA, this property offers both privacy and convenience. Located just minutes from the beach, Panama City, the Navy base, Pier Park, shopping, parks, schools, and dining. Step inside to a cozy living room featuring a charming corner brick fireplace. The converted garage, complete with a closet and A/C venting, provides flexible space--perfect for a 4th bedroom, home office, or additional storage. Enjoy the private backyard with a shared fence and a newer 10x12 storage building, ideal for tools or outdoor gear. Major updates include: Roof (6 years old) Water heater (3 years old) Three new windows with lifetime warranty (installed August 2023) New patio slider door A/C approximately 11 years old and in good working condition Fresh interior and exterior paint. Are you sick of your AC bill fighting this FL heat?? sweat no more! we got the perfect solution to those outrageous utility bills! Energy-efficient solar panels help keep utility costs low, with a $159.15 monthly lease and an average electric bill around $25. Don't miss this opportunity to own a well-located home with room to customize and grow!

19. 2025-04-29
    soldstatus $259,000
20. 2025-04-22
    soldstatus $259,000 Closed 1836-char remark

    Show marketing remark (1836 chars)

    ASSUMABLE MORTAGE WITH APPROXIMATE BALANCE OF$187,000.00 AT 4.125% INTEREST RATE WITH APPROX. 27 YEARS REMAINING. MUST QUALIFY UNDER FHA GUIDLINES. MONTHLY PAYMENT APPROX. $1,426.02. This 3-bedroom, 2-bathroom home offers incredible value and endless potential, giving you the opportunity to personalize it with updates and decor that suit your style. Nestled on a quiet paved cul-de-sac with no HOA fees, the property combines tranquility and convenience in a prime location. Just minutes from the beach and Panama City, this home is also conveniently located near the Navy base, Pier Park, shopping, parks, schools, entertainment, and a wide array of restaurants. The living room features a cozy corner brick fireplace, ready to serve as the heart of the home. The converted garage provides flexibility, currently functioning as a storage room but easily adaptable as a fourth bedroom. It includes tiled floors, a walk-in closet, a ceiling fan, and A/C venting. The bonus room with its separate entrance, could serve as an office or be restored to its original purpose. The backyard offers privacy with a shared fence and includes a newer 10X12 storage building, perfect for tools or lawn equipment. The primary bedroom features an en-suite bathroom and a spacious closet. Key updates include a roof approximately 5 years old, a water heater roughly 3 years old, and three new windows with a lifetime warranty installed in August 2023. The patio slider door has also been replaced, and the A/C unit is about 11 years old and in good working condition. Seller is painting and making improvement post photos. Priced to sell this home is ideal for buyers with a vision and a flair for decorating. Don't miss out on this fantastic opportunity. All measurements are approximate. If important-self measure. MOTIVATED SELLERS-OPEN TO OFFERS!

21. 2025-03-05
    status Pending 1836-char remark

    Show marketing remark (1836 chars)

    ASSUMABLE MORTAGE WITH APPROXIMATE BALANCE OF$187,000.00 AT 4.125% INTEREST RATE WITH APPROX. 27 YEARS REMAINING. MUST QUALIFY UNDER FHA GUIDLINES. MONTHLY PAYMENT APPROX. $1,426.02. This 3-bedroom, 2-bathroom home offers incredible value and endless potential, giving you the opportunity to personalize it with updates and decor that suit your style. Nestled on a quiet paved cul-de-sac with no HOA fees, the property combines tranquility and convenience in a prime location. Just minutes from the beach and Panama City, this home is also conveniently located near the Navy base, Pier Park, shopping, parks, schools, entertainment, and a wide array of restaurants. The living room features a cozy corner brick fireplace, ready to serve as the heart of the home. The converted garage provides flexibility, currently functioning as a storage room but easily adaptable as a fourth bedroom. It includes tiled floors, a walk-in closet, a ceiling fan, and A/C venting. The bonus room with its separate entrance, could serve as an office or be restored to its original purpose. The backyard offers privacy with a shared fence and includes a newer 10X12 storage building, perfect for tools or lawn equipment. The primary bedroom features an en-suite bathroom and a spacious closet. Key updates include a roof approximately 5 years old, a water heater roughly 3 years old, and three new windows with a lifetime warranty installed in August 2023. The patio slider door has also been replaced, and the A/C unit is about 11 years old and in good working condition. Seller is painting and making improvement post photos. Priced to sell this home is ideal for buyers with a vision and a flair for decorating. Don't miss out on this fantastic opportunity. All measurements are approximate. If important-self measure. MOTIVATED SELLERS-OPEN TO OFFERS!

22. 2025-03-02
    price $269,000 1836-char remark

    Show marketing remark (1836 chars)

    ASSUMABLE MORTAGE WITH APPROXIMATE BALANCE OF$187,000.00 AT 4.125% INTEREST RATE WITH APPROX. 27 YEARS REMAINING. MUST QUALIFY UNDER FHA GUIDLINES. MONTHLY PAYMENT APPROX. $1,426.02. This 3-bedroom, 2-bathroom home offers incredible value and endless potential, giving you the opportunity to personalize it with updates and decor that suit your style. Nestled on a quiet paved cul-de-sac with no HOA fees, the property combines tranquility and convenience in a prime location. Just minutes from the beach and Panama City, this home is also conveniently located near the Navy base, Pier Park, shopping, parks, schools, entertainment, and a wide array of restaurants. The living room features a cozy corner brick fireplace, ready to serve as the heart of the home. The converted garage provides flexibility, currently functioning as a storage room but easily adaptable as a fourth bedroom. It includes tiled floors, a walk-in closet, a ceiling fan, and A/C venting. The bonus room with its separate entrance, could serve as an office or be restored to its original purpose. The backyard offers privacy with a shared fence and includes a newer 10X12 storage building, perfect for tools or lawn equipment. The primary bedroom features an en-suite bathroom and a spacious closet. Key updates include a roof approximately 5 years old, a water heater roughly 3 years old, and three new windows with a lifetime warranty installed in August 2023. The patio slider door has also been replaced, and the A/C unit is about 11 years old and in good working condition. Seller is painting and making improvement post photos. Priced to sell this home is ideal for buyers with a vision and a flair for decorating. Don't miss out on this fantastic opportunity. All measurements are approximate. If important-self measure. MOTIVATED SELLERS-OPEN TO OFFERS!

23. 2025-02-24
    price $279,000 1836-char remark

    Show marketing remark (1836 chars)

    ASSUMABLE MORTAGE WITH APPROXIMATE BALANCE OF$187,000.00 AT 4.125% INTEREST RATE WITH APPROX. 27 YEARS REMAINING. MUST QUALIFY UNDER FHA GUIDLINES. MONTHLY PAYMENT APPROX. $1,426.02. This 3-bedroom, 2-bathroom home offers incredible value and endless potential, giving you the opportunity to personalize it with updates and decor that suit your style. Nestled on a quiet paved cul-de-sac with no HOA fees, the property combines tranquility and convenience in a prime location. Just minutes from the beach and Panama City, this home is also conveniently located near the Navy base, Pier Park, shopping, parks, schools, entertainment, and a wide array of restaurants. The living room features a cozy corner brick fireplace, ready to serve as the heart of the home. The converted garage provides flexibility, currently functioning as a storage room but easily adaptable as a fourth bedroom. It includes tiled floors, a walk-in closet, a ceiling fan, and A/C venting. The bonus room with its separate entrance, could serve as an office or be restored to its original purpose. The backyard offers privacy with a shared fence and includes a newer 10X12 storage building, perfect for tools or lawn equipment. The primary bedroom features an en-suite bathroom and a spacious closet. Key updates include a roof approximately 5 years old, a water heater roughly 3 years old, and three new windows with a lifetime warranty installed in August 2023. The patio slider door has also been replaced, and the A/C unit is about 11 years old and in good working condition. Seller is painting and making improvement post photos. Priced to sell this home is ideal for buyers with a vision and a flair for decorating. Don't miss out on this fantastic opportunity. All measurements are approximate. If important-self measure. MOTIVATED SELLERS-OPEN TO OFFERS!

24. 2025-02-18
    price $287,000 1836-char remark

    Show marketing remark (1836 chars)

    ASSUMABLE MORTAGE WITH APPROXIMATE BALANCE OF$187,000.00 AT 4.125% INTEREST RATE WITH APPROX. 27 YEARS REMAINING. MUST QUALIFY UNDER FHA GUIDLINES. MONTHLY PAYMENT APPROX. $1,426.02. This 3-bedroom, 2-bathroom home offers incredible value and endless potential, giving you the opportunity to personalize it with updates and decor that suit your style. Nestled on a quiet paved cul-de-sac with no HOA fees, the property combines tranquility and convenience in a prime location. Just minutes from the beach and Panama City, this home is also conveniently located near the Navy base, Pier Park, shopping, parks, schools, entertainment, and a wide array of restaurants. The living room features a cozy corner brick fireplace, ready to serve as the heart of the home. The converted garage provides flexibility, currently functioning as a storage room but easily adaptable as a fourth bedroom. It includes tiled floors, a walk-in closet, a ceiling fan, and A/C venting. The bonus room with its separate entrance, could serve as an office or be restored to its original purpose. The backyard offers privacy with a shared fence and includes a newer 10X12 storage building, perfect for tools or lawn equipment. The primary bedroom features an en-suite bathroom and a spacious closet. Key updates include a roof approximately 5 years old, a water heater roughly 3 years old, and three new windows with a lifetime warranty installed in August 2023. The patio slider door has also been replaced, and the A/C unit is about 11 years old and in good working condition. Seller is painting and making improvement post photos. Priced to sell this home is ideal for buyers with a vision and a flair for decorating. Don't miss out on this fantastic opportunity. All measurements are approximate. If important-self measure. MOTIVATED SELLERS-OPEN TO OFFERS!

25. 2025-02-03
    price $289,000 1836-char remark

    Show marketing remark (1836 chars)

    ASSUMABLE MORTAGE WITH APPROXIMATE BALANCE OF$187,000.00 AT 4.125% INTEREST RATE WITH APPROX. 27 YEARS REMAINING. MUST QUALIFY UNDER FHA GUIDLINES. MONTHLY PAYMENT APPROX. $1,426.02. This 3-bedroom, 2-bathroom home offers incredible value and endless potential, giving you the opportunity to personalize it with updates and decor that suit your style. Nestled on a quiet paved cul-de-sac with no HOA fees, the property combines tranquility and convenience in a prime location. Just minutes from the beach and Panama City, this home is also conveniently located near the Navy base, Pier Park, shopping, parks, schools, entertainment, and a wide array of restaurants. The living room features a cozy corner brick fireplace, ready to serve as the heart of the home. The converted garage provides flexibility, currently functioning as a storage room but easily adaptable as a fourth bedroom. It includes tiled floors, a walk-in closet, a ceiling fan, and A/C venting. The bonus room with its separate entrance, could serve as an office or be restored to its original purpose. The backyard offers privacy with a shared fence and includes a newer 10X12 storage building, perfect for tools or lawn equipment. The primary bedroom features an en-suite bathroom and a spacious closet. Key updates include a roof approximately 5 years old, a water heater roughly 3 years old, and three new windows with a lifetime warranty installed in August 2023. The patio slider door has also been replaced, and the A/C unit is about 11 years old and in good working condition. Seller is painting and making improvement post photos. Priced to sell this home is ideal for buyers with a vision and a flair for decorating. Don't miss out on this fantastic opportunity. All measurements are approximate. If important-self measure. MOTIVATED SELLERS-OPEN TO OFFERS!

26. 2025-01-12
    price $295,000 1836-char remark

    Show marketing remark (1836 chars)

    ASSUMABLE MORTAGE WITH APPROXIMATE BALANCE OF$187,000.00 AT 4.125% INTEREST RATE WITH APPROX. 27 YEARS REMAINING. MUST QUALIFY UNDER FHA GUIDLINES. MONTHLY PAYMENT APPROX. $1,426.02. This 3-bedroom, 2-bathroom home offers incredible value and endless potential, giving you the opportunity to personalize it with updates and decor that suit your style. Nestled on a quiet paved cul-de-sac with no HOA fees, the property combines tranquility and convenience in a prime location. Just minutes from the beach and Panama City, this home is also conveniently located near the Navy base, Pier Park, shopping, parks, schools, entertainment, and a wide array of restaurants. The living room features a cozy corner brick fireplace, ready to serve as the heart of the home. The converted garage provides flexibility, currently functioning as a storage room but easily adaptable as a fourth bedroom. It includes tiled floors, a walk-in closet, a ceiling fan, and A/C venting. The bonus room with its separate entrance, could serve as an office or be restored to its original purpose. The backyard offers privacy with a shared fence and includes a newer 10X12 storage building, perfect for tools or lawn equipment. The primary bedroom features an en-suite bathroom and a spacious closet. Key updates include a roof approximately 5 years old, a water heater roughly 3 years old, and three new windows with a lifetime warranty installed in August 2023. The patio slider door has also been replaced, and the A/C unit is about 11 years old and in good working condition. Seller is painting and making improvement post photos. Priced to sell this home is ideal for buyers with a vision and a flair for decorating. Don't miss out on this fantastic opportunity. All measurements are approximate. If important-self measure. MOTIVATED SELLERS-OPEN TO OFFERS!

27. 2024-11-21
    listed $299,000 Active 1836-char remark

    Show marketing remark (1836 chars)

    ASSUMABLE MORTAGE WITH APPROXIMATE BALANCE OF$187,000.00 AT 4.125% INTEREST RATE WITH APPROX. 27 YEARS REMAINING. MUST QUALIFY UNDER FHA GUIDLINES. MONTHLY PAYMENT APPROX. $1,426.02. This 3-bedroom, 2-bathroom home offers incredible value and endless potential, giving you the opportunity to personalize it with updates and decor that suit your style. Nestled on a quiet paved cul-de-sac with no HOA fees, the property combines tranquility and convenience in a prime location. Just minutes from the beach and Panama City, this home is also conveniently located near the Navy base, Pier Park, shopping, parks, schools, entertainment, and a wide array of restaurants. The living room features a cozy corner brick fireplace, ready to serve as the heart of the home. The converted garage provides flexibility, currently functioning as a storage room but easily adaptable as a fourth bedroom. It includes tiled floors, a walk-in closet, a ceiling fan, and A/C venting. The bonus room with its separate entrance, could serve as an office or be restored to its original purpose. The backyard offers privacy with a shared fence and includes a newer 10X12 storage building, perfect for tools or lawn equipment. The primary bedroom features an en-suite bathroom and a spacious closet. Key updates include a roof approximately 5 years old, a water heater roughly 3 years old, and three new windows with a lifetime warranty installed in August 2023. The patio slider door has also been replaced, and the A/C unit is about 11 years old and in good working condition. Seller is painting and making improvement post photos. Priced to sell this home is ideal for buyers with a vision and a flair for decorating. Don't miss out on this fantastic opportunity. All measurements are approximate. If important-self measure. MOTIVATED SELLERS-OPEN TO OFFERS!

28. 2021-12-14
    historical
29. 2021-12-14
    historical
30. 2021-12-14
    historical
31. 2013-03-09
    soldstatus $116,000
32. 2012-10-12
    listed $119,900
33. 2006-04-27
    listed $230,900
34. 2005-10-25
    listed $238,500
35. 2005-03-25
    listed $248,900
36. 2002-05-31
    soldstatus $95,500
37. 2002-05-31
    soldstatus $95,500
38. 2002-02-26
    listed $95,500
39. 1998-05-08
    soldstatus $75,900
40. 1998-05-01
    soldstatus $75,900
41. 1997-12-11
    listed $79,500
42. 1992-04-01
    soldstatus $58,200

ⓘ 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: $1,184 · $99/mo
• Projected year-2 tax: $1,909 · $159/mo
• Expected delta: +$725/yr (+$60/mo · 61.2%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 21 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: $25,434
• − Mortgage interest: −$12,884
• − Property taxes: −$1,184
• − Insurance: −$1,948
• − Repairs & maintenance: −$2,035
• − Management: −$2,035
• − Depreciation: −$6,691
• Taxable loss: −$1,341
• Est. tax savings @ 24.0%: +$322
• After-tax cash flow: $2,810/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 — Upper Grand Lagoon

• Score: 67/100
• State rank: #583
• US rank: #11085

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bay County · 163,593 people
• City population: 18,326
• 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

+321.0% since first listed

27 events — show timeline

• 2026-05-14 Price Changed $245,000 ECAR
• 2026-05-09 Price Changed $259,900 ECAR
• 2026-04-17 Listed $269,900 ECAR
• 2025-04-29 Sold (Public Records) $259,000 Public Records
• 2025-04-22 Sold (MLS) $259,000 CPARMLS
• 2025-03-05 Pending — CPARMLS
• 2025-03-02 Price Changed $269,000 CPARMLS
• 2025-02-24 Price Changed $279,000 CPARMLS
• 2025-02-18 Price Changed $287,000 CPARMLS
• 2025-02-03 Price Changed $289,000 CPARMLS
• 2025-01-12 Price Changed $295,000 CPARMLS
• 2024-11-21 Listed $299,000 CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2013-03-09 Sold (MLS) $116,000 CPARMLS
• 2012-10-12 Listed $119,900 CPARMLS
• 2006-04-27 Listed $230,900 CPARMLS
• 2005-10-25 Listed $238,500 CPARMLS
• 2005-03-25 Listed $248,900 CPARMLS
• 2002-05-31 Sold (Public Records) $95,500 Public Records
• 2002-05-31 Sold (MLS) $95,500 CPARMLS
• 2002-02-26 Listed $95,500 CPARMLS
• 1998-05-08 Sold (MLS) $75,900 CPARMLS
• 1998-05-01 Sold (Public Records) $75,900 Public Records
• 1997-12-11 Listed $79,500 CPARMLS
• 1992-04-01 Sold (Public Records) $58,200 Public Records

Property tax history

-2.0%/yr

Latest (2025): $1,184 · +3.7% YoY. Source: county tax records.