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$239,000 Just Listed
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Property Description
*UNDER CONTRACT - SELLER ACCEPTING BACKUP OFFERS* Investor Special in Prime Panama City Beach Location - Endless Potential! Welcome to 124 Coral Drive in Panama City Beach, a rare opportunity to transform a property with incredible potential in one of the most desirable areas of the Gulf Coast. Whether you're an investor, renovator, or buyer looking to create your dream beach retreat, this property offers the perfect canvas in an unbeatable location. Situated just minutes from the white sugar-sand beaches of the Gulf of Mexico, this home is also conveniently located near Pier Park, Panama City Beach's premier destination for shopping, dining, and entertainment, including the exciting Pirates Voyage Dinner & Show, Topgolf, restaurants, boutiques, and year-round attractions. This 3-bedroom, 2-bath home with a 1-car garage offers a spacious layout ready for your vision and updates. The property features a screened porch perfect for enjoying coastal breezes, a fully fenced backyard, and a large 12 x 24 storage building/workshop that provides excellent additional storage or workspace. The home needs significant updating and renovation, including new flooring and kitchen and bathroom updates, and is priced accordingly--making it an outstanding opportunity for those looking to add value, renovate, and maximize investment potential. With its prime Panama City Beach location, proximity to the beach, Pier Park, and major attractions, this property could be transformed into a fantastic primary residence, vacation home, or income-producing investment property. Opportunities like this in Panama City Beach don't last long--bring your vision and unlock the potential of this coastal investment!
Full Property Details
Full Property Details for 124 Coral Dr
General
- Price: $239,000
- Taxes: $1,210 (2025)
- Status: Under Contract
- Type: Single Family
- Source: Bay_County
- MLS ID: 788017
- Updated: 4/9/2026
- Added to Site: 5 day(s) ago
Interior
- Number of Rooms: 3
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Porch
- Porch/Patio/Deck: Porch, Screened
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: From 98 West right onto Coral Dr (just before Man of the Sea) 0.2 miles home is on the right.
School Information
- Elementary School: West Bay
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Ranch
- Construction: Brick
- Roof: Asphalt
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 1980
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,670
- Lot Size: .22
- Lot Dimensions: 0 x 0 Irr
- Zoning: Resid Single Family
- Fencing (Description): Full, Fenced
Financial Considerations
- Tax Amount: $1,210
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: GULF HIGHLANDS UNIT 2 LOT 23 BLK 8 ORB 1756 P 1669 MAP 29B1&B2
- Disclosures/Rstr.: Accepting Backup Offers
- Property ID: 33196-000-000
Listed by Epique Realty Inc
Get Pre-Approved Today
Schools
Schools serving 124 Coral Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
West Bay Elementary School 14813 School Dr, Panama City Beach, FL 32413 | K-5 | 4.3 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 3 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 Coral Dr
Date
Details
Price
Change
Source
4/07/2026
Listed
$239,000
186.91%
MLS
12/16/1997
Sold
$83,300
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 124 Coral Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,170
—
$126,703
3%
2024
$1,170
5%
$123,132
3%
2023
$1,117
11%
$119,546
10%
2021
$1,008
-2%
$109,151
-3%
2022
$1,026
2%
$112,426
4%
2021
$1,008
-3%
$107,644
-3%
2019
$1,037
1%
$110,637
2%
2018
$1,030
20%
$108,574
3%
2017
$856
-40%
$105,557
-13%
2016
$1,429
73%
$121,533
18%
2015
$826
1%
$102,667
1%
2014
$815
10%
$101,852
1%
2013
$738
—
$100,347
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 124 Coral Dr
124 Coral Drive, Panama City Beach, FL 32413 (MLS# 788017) is a Single Family property with 3 bedrooms and 2 full bathrooms. 124 Coral Drive is currently listed for $239,000 and was received on April 07, 2026. Want to learn more about 124 Coral Drive? Do you have questions about finding other Single Family real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

