3911 11th Street, Panama City, FL 32404
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  • MLS#: 789143 ( Residential )
  • Street Address: 3911 11th Street
  • Viewed: 25
  • Price: $499,000
  • Price sqft: $62
  • Waterfront: No
  • Year Built: 1975
  • Bldg sqft: 8104
  • Bedrooms: 5
  • Total Baths: 5
  • Full Baths: 4
  • 1/2 Baths: 1
  • Days On Market: 12
  • Additional Information
  • Geolocation: 30.1679 / -85.6055
  • County: BAY
  • City: Panama City
  • Zipcode: 32404
  • Subdivision: No Named Subdivision
  • Elementary School: Cedar Grove
  • Middle School: Rutherford
  • High School: Rutherford
  • Provided by: Anchor Realty Florida
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  • Description
    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!
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Features
Building and Construction
  • Covered Spaces: 2.00
  • Fencing: Fenced
  • Living Area: 0.00
Land Information
  • Lot Features: Paved
School Information
  • High School: Rutherford
  • Middle School: Rutherford Middle
  • School Elementary: Cedar Grove
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: AdditionalParking
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, Ductless, VariesByUnit, WindowUnits
  • Heating: Central, Ductless, Electric
  • Road Frontage Type: CityStreet
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable, PhoneConnected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Accessibility Features: CustomizedWheelchairAccessible
  • Legal Description: 1 4S 14W -104.14- 118A2 BEG 2686.67' N & 649' E OF SW COR TH N 150' E 196' S 150' W 196' TO POB ORB 4030 P 1913
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 15029-062-000
  • Style: Other
  • The Range: 0.00
  • Views: 25
Headshot for Associate Sara Oquendo
  1. Sara Oquendo, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 352.428.8657
  4. saraoquendo1972@gmail.com