Residential Income Duplex with Two
2911 Treasure Circle Panama City, FL 32408
2911 Treasure Circle, Panama City, FL, 32408
$519,995
Pending
For Sale
$519,995
Pending
MULTI_FAMILY - Other - Panama City, FL
Property Size2,078 SF
Lot Size0.17 Acres
Days on Market33
Property Features for 2911 Treasure Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Family Room, Bedroom 4, Bedroom 3, Dining Room, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 3
- Fencing
- Privacy, Fenced
- Appliances
- ElectricRange
- Standard status
- Pending
- APN
- 31526-000-000
- Size
- 2,078 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- TREASURE ISLAND LOT 20 BLK 6 ORB 4525 P 2402
- Tax Annual Amount
- 6330
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1991
- Building materials
- Stucco
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Keller Williams Success Realty
(850) 249-0313
7923 Panama City Beach Pkwy, Panama City Beach, FL
Listed by
Kelly Simmons
(850) 919-6120
Added: Jun 16 Checked: Jul 18 at 11:06 am
MLS# 791574
Listing URL
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.
Investment Insights
Based on property information with market context.
This duplex-style residential income property is offered for sale with two rental possibilities within the same unit configuration, presented as short-term rental income potential in the listing remarks. The offering includes 2911 and 2913 Treasure Circle. The property totals 2,078 square feet on a 0.17-acre lot.
The listing highlights an area near St. Andrews State Park and describes easy walking access to restaurants, marinas, and “Schooners,” with proximity to the beach and views said to be visible from the front door. The property is located at 2911 Treasure Circle in Panama City, FL 32408 (Bay County).
The listing highlights an area near St. Andrews State Park and describes easy walking access to restaurants, marinas, and “Schooners,” with proximity to the beach and views said to be visible from the front door. The property is located at 2911 Treasure Circle in Panama City, FL 32408 (Bay County).
Key Highlights
- Two rental possibilities in one unit (2911 & 2913 are included in the listing).
- Central air conditioning with central heating and ceiling fans.
- Metal roof with stucco construction.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $20.40 |
| − Vacancy | −$6.5k | −$3.12 |
| EGI | $35.9k | $17.28 |
| − OpEx | −$10.8k | −$5.18 |
| NOI | $25.1k | $12.10 |
2,078 SF · lease $20.40/SF/yr · vacancy 15.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$359.1K
$314.2K – $419.0K
NOI $25,137 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$328.8K
$287.7K – $383.6K
NOI $23,013 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$522.6K
$457.3K – $609.7K
NOI $36,581 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex for sale featuring two rental possibilities within the same property at 2911 and 2913 Treasure Circle.
Where is this duplex located?
The property is located at 2911 Treasure Circle Panama City, FL.
What is the asking price?
The asking price for this property is $519,995.
What are key features of this property?
This property features: Two rental possibilities in one unit (2911 & 2913 are included in the listing).; Central air conditioning with central heating and ceiling fans.; Metal roof with stucco construction.
