Date
Details
Price
Change
Source
4/03/2026
Listed
$74,950
—
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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1/20
$74,950 Just Listed
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Property Description
Investor special in the heart of Panama City! This 2 bedroom, 1 bathroom single-family home offers a prime opportunity for renovation, rental income, or resale. Situated on a quiet street, the property features a functional layout with solid bones and plenty of potential to customize. Ideal for investors or buyers looking to create their own space, this home is being sold as-is and is ready for updates. With the right vision, this fixer-upper could be transformed into a charming primary residence or income-producing property. Conveniently located near downtown, shopping, dining, schools, and local amenities, this property offers both value and upside in a growing area. Panama City continues to see redevelopment and investment, making it attractive for both homeowners and investors. The area offers convenient access to Panama City Beach, Tyndall Air Force Base, and local marinas, while still maintaining a laid-back coastal lifestyle.
Full Property Details
Full Property Details for 1008 Cypress Ave
General
- Price: $74,950
- Taxes: $1,638 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8493785
- Updated: Today (4/3/2026)
- Added to Site: Today
Interior
- Number of Rooms: 5
- Interior Features: Other
- Fireplace: Yes
- Fireplace(s): Living Room
- Appliances: Refrigerator
- Furnishings: Unfurnished
- Flooring: Cork, Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Laundry Room
Exterior
- Exterior Features: Other
Location
- Area: 32401 - Panama City
- County: Bay
- Development Name: 32401 - Panama City
- Subdivision: BAYOU
- Driving Directions: Head toward Bonita Ave. Turn right onto Cypress Ave. Destination will be on the left
- Direction Faces: West
Community
- Community Name: 32401 - Panama City
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Other
Structural Information
- Exterior Const.: Concrete, Stucco
- Roof: Metal
- Stories/Levels: One
- Square Feet: 1,798
- Sq. Ft. Source: Public Records
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,576
- Lot Size: 5576
- Street/Road Desc.: Concrete
Financial Considerations
- Tax Amount: $1,638
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Real Estate Owned
- Legal Description: BAYOU PLAT LOT 8 ORB 409 P 516 ORB 1067 P 1041 BLK 3
- Flood Zone Info: X
- APN: 16966000000
- Property ID: 16966000000
- Block/Lot/Section: 3
Listed by The Shop Real Estate Co.
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Listing agent
— 1008 Cypress Ave —
The Shop Real Estate Co.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1008 Cypress Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 1.4 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 1.5 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 1.1 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 1008 Cypress Ave
Tax History
Tax History for 1008 Cypress Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,338
-13%
$88,094
6%
2024
$1,530
8%
$83,171
9%
2023
$1,418
9%
$76,427
42%
2021
$1,297
10%
$53,838
-9%
2022
$1,177
-9%
$59,204
12%
2021
$1,297
206%
$53,095
-1%
2019
$424
—
$53,410
-7%
2018
$423
2%
$57,225
2%
2017
$413
—
$56,048
2%
2016
$415
-2%
$54,895
1%
2015
$425
1%
$54,513
1%
2014
$419
23%
$54,080
12%
2013
$340
—
$48,458
—
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 1008 Cypress Ave
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- Mobile Home
- Active
- Updated 11 hours ago
- 3Beds
- 2Total Baths
- Lots/Land
- Active
- Updated 2 days ago
- 4.16Acres
Listed by New Alliance Group Realty
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1008 Cypress Avenue, Panama City, FL 32401 (MLS# TB8493785) is a Single Family property with 2 bedrooms and 1 full bathroom. 1008 Cypress Avenue is currently listed for $74,950 and was received on April 03, 2026. Want to learn more about 1008 Cypress Avenue? Do you have questions about finding other Single Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.