124 E 2nd Pl Panama City, FL 32401
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
Summary
- MLS Number: 768582
- MLS Name: BCAR
- Office Name: Realty One Group Emerald Coast
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, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$535,500
124 E 2nd Pl
$6,359
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 09, 2022 | Home Sold | $415,000 |
Tax history
| Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $38,032. Most Panama City, FL residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
PGA/LPGA
Hiking/backpacking
Where do the neighbors shop?
Chico's
Stein Mart
Nordstrom Rack
Where do the neighbors go to eat?
Bob Evans
Bonefish Grill
Chipotle
What do the neighbors drive?
Oldsmobile
Lincoln
Mazda
What do the neighbors listen to?
News
Classical
Rock
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.
In February 2025 more than 5 listings in Panama City, FL were sold above the asking price. During the same period more than 36 listings were sold at asking price, while more than 98 were sold below. The number of listings in Panama City, FL increased by 6.1% between January and February 2025. While the average time on the market in February 2025 was 87 days, the median list price was $337,016.