Live the Gulf Life on Florida’s Emerald Coast

604 Fernwood Street

Panama City Beach, FL 32407

MLS#: 786962

$650,000

Status: Active
Listing number: 786962
Listing provided by: Think Real Estate
Listing agent phone: None
Last update: a month ago
On site: 4 months ago
Browse Properties
Hutchison's 1st To Bahama Bch - Residential

Property

Beds

7

Full Baths

6

1/2 Baths

None

Year Built

1960

Sq.Footage

2,556

Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    6

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Window Unit(s)

  • Heating YN

    YES

  • Heating

    Varies by Unit

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    Unpaved

  • Pool

    Yes

  • Pool Features

    In Ground, Private

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Paved

  • Lot Size(acres)

    0.42

  • Lot Size(square feet)

    18,121

  • Property Type

    Residential

  • Property Sub Type

    MultiFamily

Price

  • Sales Price

    $650,000

  • Tax Amount

    $5,450

  • Zoning

    Resid Multi-Family

  • Sq. Footage

    2,556

  • Price/SqFt

    $254

HOA

  • Association

    No

School District

  • Elementary School

    Hutchison Beach

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Stories

    1

  • New Construction

    NO

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Hutchison Beach

Middle School

Surfside

High School

Arnold

Listing Courtesy of Dien and Andrew Group , Think Real Estate

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Agent Marilet Lancheros

AGENT

Marilet Lancheros

Call Marilet today to schedule a private showing.

(786) 503-4364

Marilet@gulflifego.com


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Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

604 Fernwood Street

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