Property details
About 1414 Coastal Hwy Unit 1
Prime Investment Opportunity in the Heart of Panacea! This versatile .67-acre Enterprise-zoned property sits in a prime location right next to the Dollar Store in downtown Panacea, backing up to a serene green space and just a short walk to the water—ideal for fishing enthusiasts and vacationers alike. Currently operating as a successful Airbnb, the fully renovated duplex features two stylish studio-style units, each with its own bathroom and hotel-style kitchenette, generating $100/night per unit. Everything feels fresh and new with updates including new floors, fresh paint, new kitchens, new roofs, and more—offering immediate income potential. Also included is a 1930s single-family home that has been completely gutted, providing a blank canvas for your creative vision. The sellers are offering their own renovation plans to help inspire your design ideas. Whether you're looking to expand your vacation rental portfolio or build out a unique mixed-use space in a growing coastal community, this property offers endless potential.
Highlights
(Contingent)
Summary
- Appliances: Washer, Dryer, Microwave, Refrigerator, Washer/Dryer
- Flooring Type: Clay, Ceramic Tile, Vinyl, Tile
- Private Pool: No
- Architectural Style: OneStory
- Heating: Central, Electric
- Cooling: Central Air, Electric
- List Price: $242,500
- Directions: Highway 98 in Panacea beside the Dollar Store
- Year Built: 1930
- Stories: 1
- MLS Number: 384565
- MLS Name: Tallahassee
- Office Name: Coldwell Banker Hartung
- Office Phone: (850) 386-6160
- Office Email: joyblomeley@comcast.net
© 2025 Tallahassee Board of REALTORS®, Inc. All rights reserved.
The data relating to real estate on this web site comes in part from the IDX Program of the Tallahassee Board of REALTORS®, Inc. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is 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. The broker providing this data believes it to be correct, but advises interested parties to confirm information before relying on it for a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/21/2025, 12:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
6
Medart Elementary School
Public District PK-5
3.3 mi
•2558 Coastal Hwy
6
Crawfordville Elementary School
Public District KG-5
10.4 mi
•379 Arran Rd
7
Shadeville Elementary School
Public District KG-5
13.4 mi
•45 Warrior Way
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 $36,500. The most common annual income of people living in Panacea, FL is less than $<35k. The majority of families are single, no kids. The most common level of education of people living 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?
NASCAR
Monster Trucks
Pro Wrestling
Where do the neighbors shop?
Dollar General
Wal-Mart
Bass Pro Shops
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Chevrolet
Dodge
What do the neighbors listen to?
Classic Country- Country
New Country
Frequently asked questions
About 1414 Coastal Hwy Unit 1
The listing price of 1414 Coastal Hwy Unit 1 property is $242,500.
The property 1414 Coastal Hwy Unit 1 is a multi located in Panacea, Florida, 32346.
Accepting Backup Offers: 1414 Coastal Hwy Unit 1 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1414 Coastal Hwy Unit 1 are: Medart Elementary School (GreatSchools Rating 6/10), Crawfordville Elementary School (GreatSchools Rating 6/10), Shadeville Elementary School (GreatSchools Rating 7/10), Wakulla Middle School (GreatSchools Rating 5/10), Riversprings Middle School (GreatSchools Rating 4/10), Wakulla Coast Charter School of Arts Science & Technology (GreatSchools Rating 2/10), Wakulla High School (GreatSchools Rating 6/10), Tallahassee Classical School (GreatSchools Rating 4/10), Florida State University School (GreatSchools Rating 9/10).
The year of construction for 1414 Coastal Hwy Unit 1 is 1930.
This home is located at 1414 Coastal Hwy Unit 1 in Panacea, FL and zip code 32346. Features: 0 bathroom. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $242,500.