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Home For Sale
819 Russ Lake Drive
Panama City, Florida 32404
Bay CountyCommunity: No med Subdivision
$220,000
5 br, 3.0 bath
0 sq. ft.
0.310 acres
Investor Alert! Duplex + Big Lot with Expansion Potential - FHA 203(k) Eligible! Opportunity knocks in Springfield! This 2,260 sq ft permitted duplex sits on a large .31-acre corner lot-zoned mixed-use with the option to build another duplex or rezone for single-family residential. Live in one unit and rent the other, or lease both for instant income. Upstairs: 3 beds / 2 baths + ensuite primary Downstairs: 2 beds / 1 bath + yard access Each unit features indoor laundry, separate utilities, and individual meters-ideal for long- or short-term tenants. Upgrades include: new windows, PEX plumbing, electrical wiring, HVAC & ductwork, recessed lighting, tankless water heater, 2019 roof, new siding, exterior stairs, RV hookups & storage shed. Just 7 miles to Tyndall AFB and 25 minutes to Panama City Beach. Bonus: construction materials on site convey! Expand, rezone, or rent-this property offers options and income! Schedule your showing and Let's Make Deal Today!
Interior:
- Bedrooms: 5
- Baths: 3.0
- Sq Ft: 0
- Year Built: 1971
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC: Central
- Garage:
Exterior:
- Lot Size: 0.310 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof:
- Property Taxes: $1,352
- MLS #: 769484
Contact Information:
Listing Agent: Catriese M Johnson, Coldwell Banker Realty, 850-687-7487, 850-234-6696
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.
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: 5856704
Viewed 76 times.
Updated: Nov 18, 2025
