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$510,000 -$3,000 (-0.58%) Price Reduced

  • For Sale
  • Active
  • Duplex
  • 7 Beds
  • 5 Full Baths
  • Updated 2 days ago

Next open house:

Open House: 1:30 PM - 3:30 PM

Sunday 1/18 1:30 PM - 3:30 PM

1016 W 12th Street,Panama City, FL 32401

1016 W 12th StreetPanama CityFL32401

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Dual-Home Family Retreat Near Beach Drive - Live, Rent, or Both! Discover the perfect blend of family living and investment potential in this rare dual-home property near Panama City's Beach Drive and St. Andrews. Ideal for multi-generational families, those needing a mother-in-law suite, or buyers seeking income flexibility, this property offers space, comfort, and opportunity in one. Property Features: Two Homes, One Lot: Separate addresses for privacy or rental income. Front Home: 5 bed, 3 bath, spacious living areas, granite kitchen, and modern upgrades. Back Home: 2 bed, 2 bath cottage - perfect for in-laws, guests, or tenants. Bonus Space: 200+ sq ft garage area ready for a home office, extra bedroom, or entertainment room. Updated & Ready: Post-Hurricane Michael roof, updated HVAC, new appliances, granite countertops, and irrigation system. Parking: Two-car garage with rear alley access for convenience. Investment & Lifestyle Flexibility: Live in one home and rent the other for added income. Use the back home as a mother-in-law suite or short-term rental. Convert the bonus space to boost rental value or expand family living. Prime Location: Steps from Beach Drive waterfront and St. Andrews dining and shops. Close to schools, library, and parks - perfect for families. Central location with easy access to work, shopping, and recreation. With 7 bedrooms, 5 baths, and move-in-ready upgrades, this versatile property suits both family living and long-term investment goals. Enjoy the flexibility to live, rent, or expand - all within minutes of Panama City's coastal charm. Schedule your showing today and explore the possibilities!

Full Property Details for 1016 W 12th St

General

  • Price: $510,000
  • Taxes: $5,165 (2024)
  • Status: Active
  • Type: Duplex
  • Source: Bay_County
  • MLS ID: 778925
  • Updated: 1/15/2026
  • Added to Site: 127 day(s) ago

Interior

  • Number of Rooms: 7
  • Appliances: Electric Water Heater, Ice Maker

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Additional Parking, Alley Access, Drive Through

Location

  • County: Bay
  • Subdivision: Caroline Add Unit 2
  • Driving Directions: At the traffic circle, take the 1st exit onto W 19th St 0.5 mi At the traffic circle, take the 2nd exit onto Balboa Ave 0.9 mi Turn right onto W 12th St 463 ft 1016 W 12th St, Panama City, FL 32401

School Information

  • Elementary School: Northside
  • Middle School: Jinks
  • High School: Bay

Community

  • Community Name: 02 - Bay County - Central

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Cable Connected, Sewer Available

Structural Information

  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Construction: Brick
  • Sq. Ft. Source: Appraiser
  • Year Built: 1969

Additional Structures

  • Other Structures: Guest House, Workshop

Lot Features

  • Lot Size (Acres): 0.4
  • Lot Size (Sq. Ft.): 17,250
  • Lot Size: .4
  • Lot Dimensions: 150 x 115
  • Zoning: City
  • Fencing (Description): Full, Fenced

Financial Considerations

  • Tax Amount: $5,165
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: CAROLINE ADD. UNIT #2 W1/2 LOT 3 & PARCEL 100' BY 115' ADJ W. SIDE BLK 5-A ORB 4176 P 1906
  • Property ID: 18868-000-000

Listed by Think Real Estate

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— 1016 W 12th St —

  • Think Real Estate

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1016 W 12th St

School District:Bay County School District
NameGradesDistance
Northside Elementary School
2001 Northside Drive, Panama City, FL 32405
PK-51 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-80.5 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-121 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 1016 W 12th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$510,000
-0.58%
MLS
12/31/2025
Price Reduced
$513,000
-0.39%
MLS
12/28/2025
Price Reduced
$515,000
-0.96%
MLS
12/12/2025
Price Reduced
$520,000
-1.52%
MLS
11/12/2025
Price Reduced
$528,000
-1.31%
MLS
9/12/2025
Listed
$535,000
69.3%
MLS
10/04/2019
Sold
$316,000
—
Public Record
Get Price Alerts and Save Property
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 for 1016 W 12th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,165
-1%
$350,073
5%
2023
$5,196
19%
$333,807
16%
2021
$4,377
-2%
$287,413
-3%
2022
$4,447
2%
$296,035
10%
2021
$4,377
80%
$269,719
41%
2019
$2,435
9%
$191,433
2%
2018
$2,241
3%
$187,864
2%
2017
$2,167
—
$184,000
2%
2016
$2,159
-2%
$180,215
1%
2015
$2,206
2%
$178,962
1%
2014
$2,166
10%
$177,542
2%
2013
$1,977
—
$174,918
—
View All
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 for 1016 W 12th St

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1016 W 12th Street, Panama City, FL 32401 (MLS# 778925) is a Duplex property with 7 bedrooms and 5 full bathrooms. 1016 W 12th Street is currently listed for $510,000 and was received on September 12, 2025. Want to learn more about 1016 W 12th Street? Do you have questions about finding other Duplex 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.

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