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    1016 W 12Th St Panama City, FL 32401

    For Sale
    $528,000

    MULTI_FAMILY - Other - Panama City, FL

    Lot size:
    0.40 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 1016 W 12Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 6, Bathroom 5, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 7
    Bedrooms
    7
    Bathrooms
    5
    APN
    18868-000-000
    Parking features
    Alley
    Fencing
    Fenced
    Appliances
    ElectricWaterHeater, IceMaker
    Lot size
    0.40 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1969
    Building materials
    Brick
    Architectural style
    Other
    Additional Structures
    Workshop

    Think Real Estate (850) 890-6262 [email protected]

    Listing agent Joshua W Wade (850) 867-1391 License #3462509

    Listing date Dec 2, 2025

    MLS# 778925 Listing URL

    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.

    Overview

    Dual-Home Family Retreat Opportunity

    This dual-home property, situated near Beach Drive and St. Andrews in Panama City, Florida, presents a blend of family living and investment potential. The property includes two homes on one lot, each with a separate address. The front home features 5 bedrooms and 3 bathrooms, spacious living areas, a granite kitchen, and modern upgrades. The back home is a 2-bedroom, 2-bathroom cottage. A 200+ sq ft garage area offers bonus space that can be converted into a home office, extra bedroom, or entertainment room. The property has been updated with a post-Hurricane Michael roof, updated HVAC, new appliances, granite countertops, and an irrigation system. Parking includes a two-car garage with rear alley access. The property is suited for multi-generational families or those seeking income flexibility. It is located steps from the Beach Drive waterfront and St. Andrews dining and shops, close to schools, a library, and parks. The property has easy access to work, shopping, and recreation. The lot size is 0.4 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.676939
    Latitude
    30.17036

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    FAQs

    What type of property is this?
    Single family property - Dual-home property near Beach Drive, ideal for living and investment.
    Where is this single family property located?
    The property is located at 1016 W 12Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $528,000.
    What are key features of this property?
    This property features: - Dual-home property with separate addresses for flexible living or rental income.; - Prime location near Beach Drive and St. Andrews, providing easy access to amenities.; - Front home boasts 5 bedrooms, 3 bathrooms, and a granite kitchen with modern upgrades.
    (850) 867-1391
    Request Owner's contact information
    1016 W 12Th St Panama City, FL 32401
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    Panama City, FL 32401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1016 W 12Th St Panama City, FL 32401
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