#762376, Listing office: Coastal Choice Realty LLC
$249,900 List price
819 Russ Lake Dr Panama City, FL 32404
5 beds
3 full
2,260 sqft
0.3 acres
$111 / sqft
Multi-Family
Property details
About 819 Russ Lake Dr
Attention Investors and Builders! Attention investors - This property is FHA 203(k) renovation loan eligible! This permitted duplex has 2,260 sq ft and sits on a .311 acre corner lot. The property is zoned mixed-use and is eligible to be subdivided, so there is potential to add a second duplex or a single family home. For the residential home buyer, realize ongoing passive income by living in one unit and renting out the other.The duplex includes a 1,220 sq. ft., 3 bedroom/2 bath upstairs unit with sizable bedrooms and an ensuite bathroom in the master bedroom. The downstairs unit is 1,040 sq. ft. with 2 bedrooms/1 bath with direct access to the front and back yards. Both units have their own indoor laundry for a comfortable living space.The sellers are in the midst of renovations and have completed upgrades including new windows, subfloor, tankless water heater, HVAC and ductwork upstairs. Both units have new electrical wiring, new Pex plumbing, and recessed lighting. Exterior upgrades include a new roof in 2019, new siding, new stairs to access to the upstairs unit from the outside, and RV Hookups. The property is served by public utilities, and there are separate water meters and electrical service for both units, as well as natural gas service onsite. A large storage shed is also on the property.The property is located in a quiet neighborhood in the developing community of Springfield. It is close to schools and shopping, approximately 7 miles from Tyndall AFB, and 25 minutes away from the beautiful, well vacationed beaches located on Panama City Beach, known as ''The Home of the World's Most Beautiful Beaches.''Construction materials on-site included. Reach out for a showing.
Highlights
Home typeDuplex
HeatingCentral
StatusActive
CoolingCentral Air
Size2,260 sqft
Lot size0.31 Acres
Year built1971
MLS #769484
Summary
- Full Bathrooms: 3
- Total Bedroom Count: 5
- Architectural Style: Duplex
- Heating: Central
- Cooling: Central Air
- List Price: $249,900
- Price/SqFt: $110
- Annual Tax Amount: $1,254
- Tax Year: 2023
- Directions: Enter address into GPS for the best guidance
- Year Built: 1971
- Living Area: 2,260 SqFt
- Lot Size: 0.31 Acres
- MLS Number: 769484
- MLS Name: BCAR
- Office Name: Coldwell Banker Realty
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: 7/25/2025, 6:45:29 AM 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 |
|---|---|---|
| Dec 20, 2021 | Home Sold | $70,000 |
| Jun 19, 2019 | Home Sold | $55,000 |
| May 11, 2018 | Home Sold | $30,100 |
| Dec 19, 2006 | Home Sold | $142,000 |
| May 05, 2004 | Home Sold | $110,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $67,266 | $1,254 |
| 2022 | $60,699 | $1,121 |
| 2021 | $91,013 | $1,121 |
History based on county public records data.
Nearby schools
1
Cedar Grove Elementary School
Public District PK-5
1.3 mi
•2826 E 15th St
4
Parker Elementary School
Public District PK-5
2.0 mi
•640 S Highway 22 A
7
Callaway Elementary School
Public District KG-5
2.2 mi
•7115 E Highway 22
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 $41,184. Most Panama City, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
42%
<35k
45%
35k-100k
13%
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?
45%
Single, No Kids
16%
Single, with Kids
22%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
41%
35-64 yrs old
12%
65+ yrs old
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
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 819 Russ Lake Dr
The listing price of 819 Russ Lake Dr property is $249,900.
The property 819 Russ Lake Dr is a multi located in Panama City, Florida, 32404.
Active Listing: 819 Russ Lake Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 819 Russ Lake Dr are: Cedar Grove Elementary School (GreatSchools Rating 1/10), Parker Elementary School (GreatSchools Rating 4/10), Callaway Elementary School (GreatSchools Rating 7/10), Bay Haven Charter Middle School (GreatSchools Rating 6/10), Jinks Middle School (GreatSchools Rating 2/10), North Bay Haven Charter Academy Middle School (GreatSchools Rating 8/10), Rutherford High School (GreatSchools Rating 3/10), Rosenwald High School (GreatSchools Rating 1/10), Bay High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $1,254 (source: MLS/based on county public records data).
The last sale was on December 20, 2021 for $70,000 (source: MLS/tax record).
The property 819 Russ Lake Dr is 2,260 SqFt (source: MLS/tax record).
The year of construction for 819 Russ Lake Dr is 1971.
This home is located at 819 Russ Lake Dr in Panama City, FL and zip code 32404. This 2,260 square foot home, which was built in 1971, sits on a 0.31 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 28, 2025 and is currently priced at $249,900.
While more than 26 listings in Panama City, FL in June 2025 were sold above asking price, there were more than 47 listings sold at asking price, and more than 144 were sold below. The inventory of homes for sale in Panama City, FL between May and June 2025 decreased by 2.4%. While the average time on the market in June 2025 was 78 days, the median list price was $330,871.
From Rocket Homes Real Estate and based on county public records data.