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$195,000
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Property Description
✨ All the vintage charm of Grandma's house-only better! ✨ This MU-3 zoned property (multi-use zoning) offers residential and light commercial possibilities, making it the perfect opportunity for a live/work lifestyle. Lovingly restored, 1011 Grace Ave retains much of its original character, including the gorgeous heart-pine hardwood floors you'll spot in the photos. With thoughtful updates already completed, this property is ready for you to take it to the next level. Lease option possible. Highlights include: MU-3 zoning: residential + light commercial use potential Ample parking in the front and rear with coveted alley access Flexible layout-convert to a primary residence, second home, or investment property Room to expand toward the alley for added space or functionality Surrounded by new construction-an area on the rise! Much of the heavy lifting has already been done-now it's your chance to customize and make it your own.
Full Property Details
Full Property Details for 1011 Grace Ave
General
- Sold For: $195,000
- Status: Closed
- Type: Office
- Source: Bay_County
- MLS ID: 778186
- Added to Site: 40 day(s) ago
Interior
- Flooring: Hardwood
Location
- County: Bay
- Subdivision: [No Recorded Subdiv]
- Driving Directions: Traveling east on 11th Street from intersection of Jenks and 11th, right on Grace. Property on right.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Air Conditioning: Yes
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Structural Information
- Construction: Stucco, Vinyl Siding
- Roof: Shingle
- Stories/Levels: 1
- Year Built: 1933
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276.4
- Lot Size: .19
- Frontage: City Street
- Lot Features: Level
- Zoning: Other - See Remarks
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: 5 4S 14W -76- 29B BEG 100' N OF INTERSECT OF N R/W OF 10TH ST & W R/W GRACE AV N 60' W 140' S 60' E 140' TO POB ORB 1055 P 1013-ORB 1066 P1950
- Property ID: 18110-000-000
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Schools
Schools serving 1011 Grace Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 1.7 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 0.5 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1011 Grace Ave
Date
Details
Price
Change
Source
2/10/2026
Sold
$195,000
-7.1%
MLS
1/22/2026
Price Reduced
$209,900
-2.33%
MLS
1/14/2026
Price Reduced
$214,900
-12.29%
MLS
11/18/2025
Price Increased
$244,999
13.95%
MLS
11/16/2025
Price Reduced
$214,999
-12.24%
MLS
11/10/2025
Price Increased
$244,999
0.04%
MLS
10/07/2025
Price Reduced
$244,900
-2%
MLS
10/01/2025
Price Increased
$249,900
8.7%
MLS
9/30/2025
Price Reduced
$229,900
-8%
MLS
9/22/2025
Price Reduced
$249,900
-3.85%
MLS
9/15/2025
Price Reduced
$259,900
-3.38%
MLS
9/13/2025
Price Reduced
$269,000
-2.18%
MLS
9/09/2025
Price Reduced
$275,000
-1.43%
MLS
9/01/2025
Price Reduced
$279,000
-3.46%
MLS
8/26/2025
Listed
$289,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1011 Grace Avenue, Panama City, FL 32401 (MLS# 778186) is a Office property that was sold at $195,000 on February 10, 2026. This property was listed by Janis Boatright from our Panama City Beach - Thomas Dr. Office.Want to learn more about 1011 Grace Avenue? Do you have questions about finding other Office 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.


