Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    819 Russ Lake Dr Panama City, FL 32404

    For Sale
    $220,000

    MULTI_FAMILY - Other - Panama City, FL

    Lot size:
    0.31 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 819 Russ Lake Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 1
    Bedrooms
    5
    Bathrooms
    3
    APN
    15033-000-000
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1971
    Architectural style
    Other

    Coldwell Banker Realty (850) 814-0037 [email protected]

    Listing agent Catriese M Johnson (850) 234-6696 License #SL3431258

    Listing date Dec 2, 2025

    MLS# 769484 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

    Duplex on Large Corner Lot

    This 2,260 sq ft duplex is located on a 0.31-acre corner lot. The property is zoned mixed-use, offering the option to construct another duplex or rezone for single-family residential use. The property includes an upstairs unit with 3 bedrooms and 2 bathrooms, including an ensuite primary. The downstairs unit features 2 bedrooms and 1 bathroom with yard access. Each unit is equipped with indoor laundry, separate utilities, and individual meters. Upgrades to the property include new windows, PEX plumbing, electrical wiring, HVAC and ductwork, recessed lighting, and a tankless water heater. Additional improvements include a 2019 roof, new siding, exterior stairs, RV hookups, and a storage shed. Construction materials currently on site will convey with the property. The property is located approximately 7 miles from Tyndall AFB and 25 minutes from Panama City Beach. The property is FHA 203(k) eligible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.603894
    Latitude
    30.164212

    Nearby Similar for Sale

    • $1,150,000
      Pending

      Unique Bayfront Property with Income

      Bayfront property featuring a main house and six rental units.
      6035 Bus, Panama City, FL 32404
      View Details
    • $528,000
      0.40 Acres

      Dual-Home Family Retreat Opportunity

      Dual-home property near Beach Drive, ideal for living and investment.
      1016 W 12Th St, Panama City, FL 32401
      View Details
    • $1,850,000
      0.25 Acres

      Waterfront Multi-Family Investment Opportunity

      Waterfront property with new construction and income potential in Panama City.
      401 Massalina Dr, Panama City, FL 32401
      View Details
    • $699,900
      2,204 SF

      Renovated Multi-Unit Rental Property

      Turnkey, fully furnished rental property with proven rental history.
      3820 Treasure Cir, Panama City, FL 32408
      View Details
    • $694,000
      2,269 SF

      Upgraded Duplex with Rental Potential

      Duplex with multiple possibilities: live, rent, or short-term rent.
      3707 Mystic St, Panama City, FL 32408
      View Details
    • $694,000
      0.13 Acres

      Adorable Duplex with Multiple Possibilities

      Upgraded duplex with short-term rental potential near lagoon access.
      3707 Mystic St, Panama City, FL 32408
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-generating duplex with expansion potential in Panama City, Florida.
    Where is this duplex located?
    The property is located at 819 Russ Lake Dr Panama City, FL.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Income-generating duplex with separate utilities and individual meters, ideal for long- or short-term rentals.; - Large .31-acre corner lot zoned mixed-use, offering expansion potential for another duplex or rezoning for single-family residential.; - Extensive upgrades including new windows, PEX plumbing, electrical wiring, HVAC, ductwork, tankless water heater, 2019 roof, and new siding.
    (850) 234-6696
    Request Owner's contact information
    819 Russ Lake Dr Panama City, FL 32404
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    819 Russ Lake Dr
    Panama City, FL 32404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    819 Russ Lake Dr Panama City, FL 32404
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.