2729-2741 Carol Lane

Panama City, FL 32405

$1,649,000
Price
16
Beds
16
Baths
7,240 Sq. Ft.
$228 / Sq. Ft.
7,240
Sq. Ft.
$228
per Sq. Ft.

Description

Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq. -ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new...Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq. -ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.
  1. Listed by Christina Knox • Scenic Sotheby's International Realty

Property Details for 2729-2741 Carol Lane

Architectural Style
Duplex
Waterfront
No
Subdivision Name
Highland City
Zoning Description
Resid Multi-Family
LISTING UPDATED: 12/18/2024 07:38 AM

Property Details for 2729-2741 Carol Lane

StatusActive
MLS #766313
Days on Market1
Taxes$848 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex / Duplex
Year Built2024
Lot Size1.50 AC / 65,520 SF
CountyBay County

Building Information for 2729-2741 Carol Lane

Stories-Residences-Year Built2024Building Size-Lot Size1.50 AC / 65,520 SF

Property Information for 2729-2741 Carol Lane

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: Follow W 33rd Street to Frankford Ave. Take Baldwin Road and turn right on Canal Ave. Then continue and it is on the right. 2728-2741
  • Postal Code: 32405
  • Latitude: 30.198295
  • Longitude: -85.63213
  • State Or Province: FL
  • Road Frontage Type: City Street
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0201 - Bay - Central NE
Taxes and HOA Information
  • Parcel Number: 12629-036-010
  • Association: No
  • Tax Annual Amount: $848.00
  • Tax Legal Description: HIGHLAND CITY (7.03) BEG 348.14' E OF NW COR LOT 8 TH E 91.41' S 180' W 89.28' N 179.98' TO POB BLK 29 ORB 4696 P 1242
  • Tax Year: 2023
School Information
  • Elementary School: Hiland Park
  • High School: Bay
  • Middle Or Junior School: Mowat
Parking
  • Garage: No
  • Other Parking: Driveway Spaces:16.00
Property
Lot Information
  • Lot Size Dimensions: 182X360
  • Living Area: 7240.0
  • Living Area Source: Plans
  • Structure Type: Duplex
Property and Assessments
  • Year Built: 2024
  • Human Modified: No
Utilities
  • Utilities: Cable Available, Electricity Connected
Interior and Exterior Features
Exterior Features
  • Community Features: Short Term Rental Allowed
  • Construction Materials: Vinyl Siding
  • Roof: Shingle
Interior Features
  • Bathrooms Full: 16
  • Bathrooms Total: 16
  • Bedrooms Total: 16
  • Cooling: Yes
  • Cooling: Central Air
  • Heating: Yes
  • Heating: Central
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator
Room Information
Room 1
  • Room Area: 145.2
  • Room Dimensions: 13.2 x 11
  • Room Length: 13.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 2
  • Room Area: 124.44
  • Room Dimensions: 12.2 x 10.2
  • Room Length: 12.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.2
Room 3
  • Room Area: 145.2
  • Room Dimensions: 13.2 x 11
  • Room Length: 13.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 4
  • Room Area: 124.44
  • Room Dimensions: 12.2 x 10.2
  • Room Length: 12.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.2
Room 5
  • Room Area: 145.2
  • Room Dimensions: 13.2 x 11
  • Room Length: 13.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 6
  • Room Area: 1244.4
  • Room Dimensions: 12.2 x 102
  • Room Length: 12.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 102.0
Room 7
  • Room Area: 145.2
  • Room Dimensions: 13.2 x 11
  • Room Length: 13.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 8
  • Room Area: 124.44
  • Room Dimensions: 12.2 x 10.2
  • Room Length: 12.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.2
Room 9
  • Room Area: 145.2
  • Room Dimensions: 13.2 x 11
  • Room Length: 13.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 10
  • Room Area: 145.2
  • Room Dimensions: 13.2 x 11
  • Room Length: 13.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 11
  • Room Area: 124.44
  • Room Dimensions: 12.2 x 10.2
  • Room Length: 12.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.2
Room 12
  • Room Area: 124.44
  • Room Dimensions: 12.2 x 10.2
  • Room Length: 12.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.2
Room 13
  • Room Area: 145.2
  • Room Dimensions: 13.2 x 11
  • Room Length: 13.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 14
  • Room Area: 124.44
  • Room Dimensions: 12.2 x 10.2
  • Room Length: 12.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.2
Room 15
  • Room Area: 145.2
  • Room Dimensions: 13.2 x 11
  • Room Length: 13.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 16
  • Room Area: 124.44
  • Room Dimensions: 12.2 x 10.2
  • Room Length: 12.2
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.2
Rental
Rental Information
  • Occupant Type: Occupied

Property History for 2729-2741 Carol Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2729-2741 Carol Lane

Taxable ValueLand$54,545Additions$13,187Total$67,732
Tax Record2023$848 ($71 / month)
Home Facts
Beds0Total Finished SqFt952 SqFtAbove Grade Finished SqFt952 SqFtStories1Lot Size16,380 SqFtStyleMiscellaneous Vacant LandYear Built1984CountyBAYAPN12629-036-000

Schools near 2729-2741 Carol Lane

This home is within Bay.
Rating
School
Type
Grades
Distance
Hiland Park Elementary School
Public - PK to 5
Mowat Middle School
Public - 6 to 8
Bay High School
Public - 9 to 12
New Horizons Learning Center
Public - 6 to 12
Rating
School
Distance
Hiland Park Elementary School
PublicPK to 5

Mowat Middle School
Public6 to 8

Bay High School
Public9 to 12

New Horizons Learning Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2729-2741 Carol Lane, Panama City, FL 32405

2729-2741 Carol Lane is a multi-family home for sale in Panama City, FL 32405. This property was listed for sale on December 18, 2024 by Scenic Sotheby's International Realty, it's currently listed at $1,649,000. It has been on the market for a total of 1 days and was last sold on September 2, 2020. This listing's school district is Bay. Nearby schools include Hiland Park Elementary School, Mowat Middle School and Bay High School. 2729-2741 Carol Lane is a 16-bed, 16-bath, 7,240 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Scenic Sotheby's International Realty

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.