2729 Carol Ln Panama City, FL 32405
Property details
About 2729 Carol Ln
Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the propertys appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.
Highlights
Summary
- Full Bathrooms: 16
- Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Electric Oven
- Total Bedroom Count: 16
- Private Pool: No
- Architectural Style: Duplex
- Cooling: Central Air
- List Price: $1,649,000
- Price/SqFt: $227
- Annual Tax Amount: $848
- Tax Year: 2023
- Directions: Follow W 33rd Street to Frankford Ave. Take Baldwin Road and turn right on Canal Ave. Then continue and it is on the right. 2728-2741
- Year Built: 2024
- Stories: 1
- Living Area: 7,240 SqFt
- MLS Number: 964913
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Scenic Sothebys International Realty
- Office Email: christina.knox@scenicsir.com
- Listing Agent: Christina M Knox
Information Deemed Reliable but not guaranteed. 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. 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: 7/23/2025, 5:40:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 08, 2020 | Home Sold | $118,000 |
| Feb 06, 2018 | Home Sold | $150,000 |
| Aug 28, 2015 | Home Sold | $92,000 |
| Dec 07, 2011 | Home Sold | $93,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $67,732 | $848 |
| 2022 | $81,466 | $940 |
| 2021 | $81,466 | $940 |
| 2020 | $81,466 | $978 |
| 2018 | $79,056 | $1,177 |
| 2017 | $91,317 | $1,331 |
History based on county public records data.
Nearby schools
3
Hiland Park Elementary School
Public District KG-5
0.4 mi
•2507 E Baldwin Rd
6
Bay Haven Charter Academy
Public Charter KG-5
1.1 mi
•2501 Hawks Landing Blvd
1
Cedar Grove Elementary School
Public District PK-5
1.8 mi
•2826 E 15th 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 $48,283. The majority of Panama City, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
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?
Pro Boxing
NHRA Drag Racing
Horse Races
Where do the neighbors shop?
Family Dollar
Big Lots
Stein Mart
Where do the neighbors go to eat?
White Castle
Golden Corral
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Rock
Adult Standards
Contemporary Inspirational
Frequently asked questions
About 2729 Carol Ln
The listing price of 2729 Carol Ln property is $1,649,000.
The property 2729 Carol Ln is a townhouse located in Panama City, Florida, 32405.
Active Listing: 2729 Carol Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2729 Carol Ln are: Hiland Park Elementary School (GreatSchools Rating 3/10), Bay Haven Charter Academy (GreatSchools Rating 6/10), Cedar Grove Elementary School (GreatSchools Rating 1/10), Bay Haven Charter Middle School (GreatSchools Rating 6/10), Mowat Middle School (GreatSchools Rating 5/10), Jinks Middle School (GreatSchools Rating 2/10), A Crawford Mosley High School (GreatSchools Rating 6/10), Rosenwald High School (GreatSchools Rating 1/10), Rutherford High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $848 (source: MLS/based on county public records data).
The last sale was on September 8, 2020 for $118,000 (source: MLS/tax record).
The property at 2729 Carol Ln has 16 bedrooms and 16 bathrooms.
The property 2729 Carol Ln is 7,240 SqFt (source: MLS/tax record).
The year of construction for 2729 Carol Ln is 2024.
This home is located at 2729 Carol Ln in Panama City, FL and zip code 32405 in the Highland City neighborhood. This 7,240 square foot home was built in 2024. Features: 16 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $1,649,000.
In June 2025, from all listings sold in Panama City, FL there were more than 26 sold above asking price, over 144 sold below and more than 47 were sold right at the asked price. In June 2025 in Panama City, FL there were 2.4% less homes for sale than in May. In June 2025 median list price was $330,871 and the average listing age was 78 days.