2729 Carol Lane, Panama City, FL 32405

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Sold Price
$1,400,000
List Price
$1,575,000
Closing Date
Apr 13, 2026
MLS#
766313
Status
CLOSED
Type
Multifamily
Subtype
Duplex
Bedrooms
16
Bathrooms
16
Neighborhood
Bay - Central NE

Property 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 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.

Additional Information

Appliances
Electric Cooktop, Electric Oven, Electric Water Heater
Elementary School
Hiland Park
High School
Bay
Lot Dimensions
182X360
Middle School
Mowat
Neighborhood
Bay - Central NE
Project Facilities
Short Term Rental Allowed
Subdivision
Highland City
Year Built
2024
Zoning
Resid Multi-Family

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Listing courtesy of Scenic Sotheby's International Realty. Selling Office: Scenic Sotheby's International Realty.