$535,500

124 E 2nd Pl Panama City, FL 32401

$6,359
Closing credit¹
4 beds
2 full
2,092 sqft
0.2 acres
$256 / sqft
Multi-Family

Property details

About 124 E 2nd Pl

Charming & Renovated Duplex in Historic Cove - Investment Opportunity!Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential.Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment--all within a 10 minute walk, or biking distance.In 2023, major updates were completed, including new drywall, insulation, electrical, and plumbing. Updates have enhanced both the interior and exterior, with fresh paint, upgraded flooring, updated kitchens and bathrooms, and carefully restored details that highlight the home's character. The property also features thoughtfully designed outdoor spaces, added parking, and stylish finishes throughout. Currently furnished as a vacation rental, this duplex is move-in ready and offers a turnkey investment opportunity.Whether you're looking to generate passive income, or own a piece of Panama City history, this versatile property is a rare find in a prime location. Reach out today to learn more!

Highlights

Home typeDuplex
HeatingElectric
StatusActive
CoolingCeiling Fan(s), Ductless, Window Unit(s)
Size2,092 sqft
Lot size0.16 Acres
Year built1941
ParkingAlley Access, Driveway, On Street
MLS #768582
ViewBay

Summary

  • MLS Number: 768582
  • MLS Name: BCAR
  • Office Name: Realty One Group Emerald Coast

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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birds eye view of property featuring a water view

$535,500

124 E 2nd Pl

$6,359

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Nov 09, 2022
Home Sold
$415,000

Tax history

YearAssessmentProperty Tax
2023$335,682$5,702
2022$120,061$2,149
2021$110,839$2,149

History based on county public records data.

Nearby schools

4

Merriam Cherry Street Elementary School

Public District PK-5

0.7 mi

1125 Cherry St

4

Palm Bay Elementary School

Public Charter KG-5

1.8 mi

1104 Balboa Ave

1

St. Andrew School at Oakland Terrace

Public District PK-5

2.5 mi

2010 W 12th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $38,032. The most common annual income of people living in Panama City, FL is less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

47%
<35k
36%
35k-100k
16%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

58%
Single, No Kids
5%
Single, with Kids
29%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
4%
12-17 yrs old
17%
18-34 yrs old
45%
35-64 yrs old
26%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • PGA/LPGAPGA/LPGA
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Chico'sChico's
  • Stein MartStein Mart
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • Bonefish GrillBonefish Grill
  • ChipotleChipotle

What do the neighbors drive?

  • OldsmobileOldsmobile
  • LincolnLincoln
  • MazdaMazda

What do the neighbors listen to?

  • NewsNews
  • ClassicalClassical
  • RockRock
All data provided by Home Junction and Claritas

This home is located at 124 E 2nd Pl in Panama City, FL and zip code 32401. This 2,092 square foot home, which was built in 1941, sits on a 0.16 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 14, 2025 and is currently priced at $535,500.

While more than 5 listings in Panama City, FL in February 2025 were sold above asking price, there were more than 36 listings sold at asking price, and more than 98 were sold below. The number of homes for sale in Panama City, FL increased by 6.1% between January and February 2025. Listings spent 87 days on the market in February 2025, and had a median list price of $337,016 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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