$415,000

DUAL-DWELLING INCOME POTENTIAL | THE COVE MEETS DOWNTOWN PANAMA CITY Under a majestic canopy of heritage live oaks, among the rare mature trees to stand proud through Hurricane Michael, sits this 1935 coastal cottage and fully equipped detached guest house. Blending historic Southern character with an effective build year of 2015,… Read More this property delivers the ideal mix of vintage soul, modern luxury, and unmatched flexibility. With two completely independent dwellings, the possibilities are effortless: live in the main home while generating steady rental revenue from the ADU, rent both units to maximize returns, or create the ultimate private multi-generational compound. A vibrant red front door at the main entrance welcomes you onto the covered porch and into an airy, light-filled open floor plan highlighted by original crown molding, recessed lighting, and a painted brick fireplace. The galley kitchen boasts extensive granite counter space, crisp white cabinetry, subway tile, and stainless steel appliances. Down a subtle step-down transition, the cozy family room offers a quiet retreat overlooking the grounds. The primary retreat features a mini-split system, a walk-in wardrobe, and an ensuite bath with a double granite vanity and a wet-room bath suite, complete with a freestanding soaking tub and custom dual shower fixtures featuring an overhead waterfall fixture. Down the hall, a versatile dedicated home office includes its own closet (readily functioning as an official third bedroom or flex space), while an oversized guest bedroom, full guest bath, and separate laundry/utility room complete the main interior layout. Set privately across the sprawling fenced backyard, the detached studio is fully autonomous. It features its own architectural metal roof, private covered porch, ADA-compliant detachable ramp, dedicated mini-split climate control, tankless water heater, full kitchen with breakfast bar island, and a newly remodeled modern walk-in tile shower. Leave historic home worries behind: documented capital improvements include foundation work by Alpha Foundations (2026), full attic restoration (2025), a 200-Amp electrical service upgrade (2023) equipped with a dedicated smart electric vehicle charger, new concrete walkways, an 8x4 garden shed, and durable metal roofs on both structures. Modern tech and security convey seamlessly: the property includes an installed Vector Security system featuring an interior touchscreen monitor and dual exterior roofline-mounted cameras covering both the front entrance and back patio, plus eligibility to assume the sellers' rare, grandfathered high-speed Xfinity internet plan. Tucked on a quiet street bordered by beloved neighbors on the edge of The Cove, you enjoy the close-knit camaraderie and storybook charm without sacrificing convenience. Take a golf cart ride across Massalina Bayou to watch sailboats drift against evening sunsets, explore the Panama City Marina, dine and delight in Historic Downtown Panama City's ever-growing cuisine and activity scene, or grab fresh produce at the Saturday Farmers Market, the 6th largest in the nation. Errands and commutes could not be easier with instant access to Hwy 98 and walkable neighborhood staples like CVS and Dollar General. Best of all, having Ascension Sacred Heart Hospital and the Panama City Fire Department just blocks from your door offers unmatched everyday peace of mind. Read Less

Courtesy of Rachel Hibbard, Golden Coast Real Estate LLC.

Listing Snapshot

Days Online

Last Updated

Nov 4, 2026

Property Type

Detached Single Family

Beds

Full Baths

Square Ft.

1,579

Lot Size

0.16 Acres

Year Built

1935

MLS Number

1013767

Additional Details

Property Access

Frontage Type: City Street, Road Surface: Paved

Appliances & Equipment

Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Electric, Water Heater - Elect, Water Heater - Tnkls

Building

Built in 1935, Living area: 1579.0, Construction Materials: Foundation Off Grade, Siding CmntFbrHrdBrd

Community

Short Term Rental - Allowed, Handicap Provisions

Cooling

Wall/Window Unit(s), Ceiling Fans, Central Air

Exterior Features

Patio/Porch Features: Patio Covered, Patio Open, Porch, Fenced Back Yard, Separate Bldg Rent, Separate Living Area, Yard Building

Floors

Floor Vinyl

Heating

Central

Interior Features

Fireplace, Guest Quarters, Handicap Provisions, Lighting Recessed, Lighting Track, Washer/Dryer Hookup

Lot

0.16 acres, Dimensions: 50.0 ft x 140.0 ft, Sidewalk, Survey Available, Within 1/2 Mile to Water

Parking

3 total parking spaces

Property

Construction Complete, Other structures: Guest Quarters, Workshop

Sewer

Public Sewer

Taxes

Parcel Number: 20516-000-000, Annual Amount: $6,230.11, Legal Description: Sudduth's 1st Addlot 21 Blk 12Orb 4708 P 649, Year: 2025, Zoning: Resid Single Family

Utilities

Community Water, Electric, Public Water, Sewer Available

Windows

Window Treatmnt None

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