$2,672

closing credit¹

338 N Bonita Ave Panama City, FL 32401

$225,000
5 beds
3 full
2,765 sqft
0.2 acres
$81 / sqft
House

Property details

About 338 N Bonita Ave

Appraised at $335 (see docs). Welcome to an incredible INVESTMENT opportunity in the heart of The Cove.One of the largest homes in the neighborhood! Located centrally to downtown and St Andrews with only a short drive to Tyndall AFB. 1 BEDROOM APT UPSTAIRS. This could be rented for extra income. This property is a true diamond in the rough, awaiting the vision and craftsmanship of a savvy investor or ambitious DIY enthusiast. Priced to sell quickly, this home offers immense potential for those willing to roll up their sleeves and bring it back to life.The property sits on a sizable lot, offering potential for expansion, landscaping, or outdoor entertainment areas. Let your imagination run wild with the possibilities.Discover the untapped potential within the walls of this property. From rehabbing the kitchen to updating the bathrooms, every improvement adds value and increases the potential return on investment.This property is sold as-is, and the sale is contingent on the buyer's ability to bring the necessary expertise and resources to complete the renovations. A fantastic opportunity for those who love a challenge and are ready to make this house a home.Don't miss out on this chance to turn a neglected property into a shining example of homeownership. Contact the listing agent today to schedule a viewing and unlock the potential of this incredible fixer-upper! Sq ft approximate. Measuring encouraged.

Highlights

Home typeSingle Family Residence
StatusActive
Size2,765 sqft
Lot size0.2 Acres
Year built1942
MLS #750141

Summary

  • MLS Number: 750141
  • MLS Name: BCAR
  • Office Name: RE/MAX Freedom

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: 1/31/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front facade with a porch

$225,000

338 N Bonita Ave

$2,672

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Dec 17, 2019
Home Sold
$110,000
Aug 26, 1999
Home Sold
$54,800
Jul 15, 1999
Home Sold
$43,000

Tax history

YearAssessmentProperty Tax
2023$307,983$3,541
2022$283,798$3,210
2021$276,576$3,210
2020$89,500$1,614
2018$85,218$686
2017$83,465$660

History based on county public records data.

Nearby schools

1

Merriam Cherry Street Elementary School

Public District PK-5

0.5 mi

1125 Cherry St

6

Palm Bay Elementary School

Public Charter KG-5

2.0 mi

1104 Balboa Ave

1

Cedar Grove Elementary School

Public District PK-5

2.0 mi

2826 E 15th 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 $45,803. Most Panama City, FL residents have annual incomes between $35k-100k. The majority of 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?

31%
<35k
54%
35k-100k
15%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

53%
Single, No Kids
7%
Single, with Kids
25%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
6%
12-17 yrs old
22%
18-34 yrs old
45%
35-64 yrs old
17%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Horse RacesHorse Races
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Stein MartStein Mart
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • LongHorn SteakhouseLongHorn Steakhouse
  • Bob EvansBob Evans

What do the neighbors drive?

  • ChevroletChevrolet
  • BuickBuick
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • RockRock
  • Contemporary InspirationalContemporary Inspirational
  • NewsNews
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 338 N Bonita Ave

This home is located at 338 N Bonita Ave in Panama City, FL and zip code 32401 in the Bunkers Cove neighborhood. This 2,765 square foot home, which was built in 1942, sits on a 0.20 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 28, 2023 and is currently priced at $225,000.

Panama City, FL housing market in December 2024 saw over 11 listings sold above listed price, more than 39 sold at listed price and over 146 sold below. In December 2024 in Panama City, FL there were 1.4% less homes for sale than in November. In December 2024 median list price was $339,456 and the average listing age was 79 days.

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

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