Date
Details
Price
Change
Source
3/18/2026
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$650,000
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Property Description
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.
Full Property Details
Full Property Details for 604 Fernwood St
General
- Price: $650,000
- Taxes: $5,450 (2025)
- Status: Active
- Type: Multi-Family
- Source: Bay_County
- MLS ID: 786962
- Updated: 3/18/2026
- Added to Site: 17 day(s) ago
Interior
- Number of Rooms: 7
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 7
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Private
Parking
- Parking Features: Unpaved
Location
- County: Bay
- Subdivision: Hutchison's 1st To Bahama Bch
- Driving Directions: From Panama City Beach Pkwy (Back Beach Rd / US-98), turn south onto Richard Jackson Blvd. Continue to Hutchison Blvd (Middle Beach Rd) and turn right (west). Proceed to Lullwater Dr and turn left. Turn left onto Fernwood St. Property will be on the left.
School Information
- Elementary School: Hutchison Beach
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Window Unit(s)
- Heating Type: Varies by Unit
Utilities
- Sewer: Public Sewer
Structural Information
- Construction: Block
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.42
- Lot Size (Sq. Ft.): 18,121
- Lot Size: .42
- Lot Dimensions: 105 x 168 x 107 x 174
- Frontage: City Street
- Lot Features: Paved
- Zoning: Resid Multi-Family
Financial Considerations
- Tax Amount: $5,450
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: HUTCHISON'S 1ST ADD LOTS 2 & 3 BLK 4 DAUGETTE ADDITION LOT 19 BLK B ORB 2090 P 521
- Property ID: 34201-000-000
Listed by Think Real Estate
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— 604 Fernwood St —
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Schools
Schools serving 604 Fernwood St
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Hutchison Beach Elementary School 12900 Middle Beach Rd, Panama City, FL 32407 | K-5 | 0.2 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 1 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 1.7 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 604 Fernwood St
Tax History
Tax History for 604 Fernwood St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,116
4%
$481,653
10%
2024
$4,940
11%
$439,752
17%
2023
$4,459
88%
$377,174
61%
2021
$2,369
—
$234,978
-3%
2022
$2,358
—
$243,107
2%
2021
$2,369
3%
$239,438
47%
2019
$2,310
8%
$162,844
10%
2018
$2,133
30%
$148,040
10%
2017
$1,641
5%
$134,582
4%
2016
$1,561
-3%
$129,327
—
2015
$1,614
-3%
$129,850
-3%
2014
$1,656
10%
$133,633
—
2013
$1,512
—
$134,183
—
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 604 Fernwood St
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- Lots/Land
- Active
- Updated 3 days ago
- 0.32Acres
Listed by New Alliance Group Realty
- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- 1,074Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
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- 2Total Baths
- 1,516Sq. Ft.
- Single Family
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- Updated 2 days ago
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Listed by Eddie Fling
604 Fernwood Street, Panama City Beach, FL 32407 (MLS# 786962) is a Multi-Family property with units containing 7 bedrooms and 6 full bathrooms. 604 Fernwood Street is currently listed for $650,000 and was received on March 18, 2026. Want to learn more about 604 Fernwood Street? Do you have questions about finding other Multi-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.