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    2907 Sarah Jean Ct Panama City, FL 32408

    For Sale
    $1,399,000

    MULTI_FAMILY - Panama City, FL

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

    Property Features for 2907 Sarah Jean Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 7, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 7, Bedroom 2, Bathroom 6, Bathroom 8, Bedroom 1, Bedroom 5
    Bedrooms
    8
    Bathrooms
    8
    APN
    30197-590-000
    Appliances
    ElectricWaterHeater
    Lot size
    0.71 Acres

    Utilities

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

    Building Details

    Year built
    2019
    Flooring type
    Vinyl
    Building materials
    HardiplankType, WoodFrame

    Keller Williams Success Realty (850) 249-0313 [email protected]

    Listing agent Christine Lance (850) 249-0313 License #3278226

    Listing date Dec 2, 2025

    MLS# 779488 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

    Panama City Multifamily Investment Opportunity

    This investment opportunity consists of four cottages and nine additional buildable lots. The cottages each feature two bedrooms and two bathrooms within an 800 square foot layout. Three of the cottages are currently rented on Airbnb, while the fourth has a long-term lease. The units have open floor plans, laminate flooring, stainless steel appliances, granite countertops in the kitchen, tankless water heaters, a tub/shower in the guest bathroom, and a walk-in shower in the master bathroom. The short-term rental units are fully furnished and include washer and dryers. Paver driveways provide parking. There are two different single-story floor plans, but a two-story option could be built within the same footprint. An HOA has been drafted but not finalized, which would be needed if the buyer wanted to sell the cottages individually. Common areas to maintain include the road, lift station, and common grounds. The seller has completed the necessary development work, except for installing electrical pedestals for the last six lots. Construction plans are included in the documents, and a survey can be provided. The sale includes three parcels. The property is located a few minutes from the beach and close to shopping, restaurants, boat rentals, and attractions such as golf, miniature golf, go-karts, Wonderworks, and Ripley's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -85.779187
    Latitude
    30.173369

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    FAQs

    What type of property is this?
    Short term rental property - Four cottages and nine buildable lots near Panama City Beach.
    Where is this short term rental property located?
    The property is located at 2907 Sarah Jean Ct Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Four income-producing cottages with short-term rental potential (Airbnb) and existing long-term lease, offering immediate revenue stream.; - Includes 9 additional buildable lots, allowing for expansion and increased investment potential.; - Located in Panama City Beach, providing close proximity to the beach, shopping, restaurants, and attractions.
    (850) 249-0313
    Request Owner's contact information
    2907 Sarah Jean Ct Panama City, FL 32408
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    Panama City, FL 32408
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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

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    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
    2907 Sarah Jean Ct Panama City, FL 32408
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