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448 S Macarthur Avenue Panama City, FL 32401

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For Sale
$349,900

4-bedroom, 2-bath home in Panama City Cove.

Type:Multifamily
Added:
Mar 5, 2026
Days on Market:
28
Last Refresh:
Mar 16 at 2:42 pm

Property Features for 448 S Macarthur Avenue

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1949

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Listing Contact
Cari Henry

Listing agent Cari Henry License #FL

Listing office Century 21 Commander Realty Inc

Listing date Mar 5, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Commander Realty Inc


Overview

Versatile Income Property in Panama

Located in the Panama City Cove, this 4-bedroom, 2-bath home offers flexibility for homeowners and investors. It is configured as two separate living spaces: a 3-bedroom, 1-bath main unit and a private 1-bedroom, 1-bath unit. This property suits multi-generational living, rental income, or a live-in-one, rent-the-other arrangement. The main 3/1 unit features living areas, bedrooms, and natural light, creating a warm atmosphere. The 1/1 unit offers its own private space, ideal for guests, long-term tenants, or short-term rental potential. Situated in The Cove, it enjoys proximity to downtown dining, shopping, waterfront parks, and marinas in one of the area's neighborhoods. This property is a rare opportunity in one of Panama City's communities for expanding an investment portfolio or securing a flexible primary residence with income potential.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Building Supply Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel HVAC Service Cafe & Coffee Shop (Bike/Boat/Book/etc) 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
-85.6419127
Latitude
30.1362804

FAQs

What type of property is this?
Duplex - 4-bedroom, 2-bath home in Panama City Cove.
Where is this duplex located?
The property is located at 448 S Macarthur Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Highly desirable Panama City Cove location.; Configured as two separate living spaces (3/1 and 1/1).; Ideal for multi‑generational living or rental income.
More about this property
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