Exceptional investment opportunity in the heart of Parker!

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Home For Sale

617 N 9th Plaza

Panama City, Florida 32404

Bay County

Community: Lake Drive Heights

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$183,000 3 br, 1.0 bath 1216 sq. ft. 0.240 acres

Exceptional investment opportunity in the heart of Parker! Whether you're expanding your rental portfolio or securing a property with immediate income potential, this well-maintained home deserves a closer look. Major system updates provide added confidence, including a new water heater installed in February 2025 and an HVAC system replaced in 2018. Double-pane windows enhance efficiency, and the formal dining room adds functional living space that appeals to long-term tenants. The property is tenant-occupied with a lease in place through 12/15/2026, offering established rental income from day one. Location is a standout feature, approximately 5 miles (about 9 minutes) to Tyndall Air Force Base and just minutes to everyday conveniences, shopping, and dining. Enjoy close proximity to beloved local amenities including: - Parker Sports Complex, - Parker Environmental Exploratorium Park, - Under the Oaks Park, - Nearby boat ramps and fishing piers, This location supports both lifestyle appeal and rental stability, a combination investors consistently seek. Buyer to verify all measurements and information deemed important.

Interior:
  • Bedrooms: 3
  • Baths: 1.0
  • Sq Ft: 1216
  • Year Built: 1957
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: Central
  • Garage: 
Exterior:
  • Lot Size: 0.240 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Block
  • Roof: 
  • Property Taxes: $1,278
  • MLS #: 785417
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Contact Information:
Beach Home For Sale in Panama City, Florida
Listing Agent: Heather H Neubauer, Neubauer Real Estate, Inc. ERA, 850-774-2832, 850-785-1551 Listing Site, Listing Status: Active
Copyright © 2026 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: 7283722
Viewed 27 times.
Updated: Apr 02, 2026

This property is a Home located at 617 N 9th Plaza, Panama City, Florida 32404, and is currently For Sale at $183,000. This Home has 3 bedrooms, 1.0 baths, 1216 sq ft.