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- Market Report
- Home Value
Property
Beds
5
Full Baths
4
1/2 Baths
1
Year Built
1975
Sq.Footage
8,104
Massive Income-Producing Opportunity or Multi-Generational Estate in Panama City! Welcome to 3911 E 11th Street, an incredibly rare find offering nearly 8,000 square feet of living space with unmatched flexibility and income potential! This unique property currently features two separate living areas (apartments), plus an additional flex space (currently used as a dog grooming business) and a large indoor workshop area, making it ideal for investors, entrepreneurs, or multi-generational living. With its layout and previous use, this property also has the potential to accommodate up to four separate units, offering even greater income-producing possibilities. One of the most impressive features of this home is the solar panel system that conveys with the sale, dramatically reducing operating costs. The current owner reports electric bills for heating and cooling the entire home at around just $40/month, providing exceptional long-term savings--especially for a property of this size. Adding even more value, this property was previously zoned for commercial/residential use and may have the potential to be reverted back (buyer to verify with local authorities). This opens the door to a wide range of possibilities, including operating a business on-site while maintaining 2-4 separate living areas, creating a true live/work income-producing setup. The roof was replaced in 2019 and upgraded to meet newer code requirements, featuring High Temp Fire & Ice underlayment. With its expansive layout, multiple living quarters, versatile flex space, dedicated workshop area, and energy-efficient features, this property is perfect for investors, entrepreneurs, or anyone needing space and flexibility. Conveniently located near shopping, dining, schools, Tyndall Air Force Base, and the beautiful Gulf Coast beaches, this property combines opportunity with location. Opportunities like this don't come around often, schedule your private showing today and explore the possibilities!
Features & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
4
-
1/2 Bathrooms
1
-
Cooling YN
YES
-
Cooling
Central Air, Ductless, Varies by Unit, Window Unit(s)
-
Heating YN
YES
-
Heating
Central, Ductless, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other, See Remarks
-
Parking
Additional Parking
-
Patio and Porch Features
Covered, Patio
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Paved
-
Lot Size(acres)
0.78
-
Lot Size(square feet)
33977.0
-
Property Type
Residential
-
Property Sub Type
SingleFamilyResidence
-
Architectural Style
Other
Price
-
Sales Price
$499,000
-
Tax Amount
$3,240
-
Zoning
City, Resid Single Family
-
Sq. Footage
8, 104
-
Price/SqFt
$61
HOA
-
Association
No
School District
-
Elementary School
Cedar Grove
-
Middle School
Rutherford Middle
-
High School
Rutherford
Property Features
-
Stories
1
-
New Construction
NO
-
Accessibility Features
Customized Wheelchair Accessible
-
Sewer
Public Sewer
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Location
County
Bay
Elementary School
Cedar Grove
Middle School
Rutherford Middle
High School
Rutherford
Listing Courtesy of Jimmy Lashley , Anchor Realty Florida
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AGENT
Dawn Severt
Call Dawn today to schedule a private showing.
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