Dual-Home Family Retreat Near Beach Drive - Live, Rent, or Both!

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Home For Sale

1016 W 12th Street

Panama City, Florida 32401

Bay County

Community: Caroline Add Unit 2

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$528,000 7 br, 5.0 bath 0 sq. ft. 0.400 acres

Dual-Home Family Retreat Near Beach Drive - Live, Rent, or Both! Discover the perfect blend of family living and investment potential in this rare dual-home property near Panama City's Beach Drive and St. Andrews. Ideal for multi-generational families, those needing a mother-in-law suite, or buyers seeking income flexibility, this property offers space, comfort, and opportunity in one. Property Features: Two Homes, One Lot: Separate addresses for privacy or rental income. Front Home: 5 bed, 3 bath, spacious living areas, granite kitchen, and modern upgrades. Back Home: 2 bed, 2 bath cottage - perfect for in-laws, guests, or tenants. Bonus Space: 200+ sq ft garage area ready for a home office, extra bedroom, or entertainment room. Updated & Ready: Post-Hurricane Michael roof, updated HVAC, new appliances, granite countertops, and irrigation system. Parking: Two-car garage with rear alley access for convenience. Investment & Lifestyle Flexibility: Live in one home and rent the other for added income. Use the back home as a mother-in-law suite or short-term rental. Convert the bonus space to boost rental value or expand family living. Prime Location: Steps from Beach Drive waterfront and St. Andrews dining and shops. Close to schools, library, and parks - perfect for families. Central location with easy access to work, shopping, and recreation. With 7 bedrooms, 5 baths, and move-in-ready upgrades, this versatile property suits both family living and long-term investment goals. Enjoy the flexibility to live, rent, or expand - all within minutes of Panama City's coastal charm. Schedule your showing today and explore the possibilities!

Interior:
  • Bedrooms: 7
  • Baths: 5.0
  • Sq Ft: 0
  • Year Built: 1969
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: Electric (Heating)
  • Garage: Alley
Exterior:
  • Lot Size: 0.400 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Brick
  • Roof: 
  • Property Taxes: $5,165
  • MLS #: 778925
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Contact Information:
Beach Home For Sale in Panama City, Florida
Listing Agent: Joshua W Wade, Think Real Estate, 850-867-1391, 850-270-4200 Listing Site, Listing Status: Active
Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6845802
Viewed 17 times.
Updated: Nov 17, 2025

This property is a Home located at 1016 W 12th Street, Panama City, Florida 32401, and is currently For Sale at $528,000. This Home has 7 bedrooms, 5.0 baths, 0 sq ft.