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$309,900
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Property Description
Located in The Cove on a quiet street, this 4-bedroom home includes alley access, and natural gas. Welcome to 111 N Gayle Ave in The Cove--one of Panama City's most loved and established in-town neighborhoods--known for its charming streets, mature oak canopy, and timeless character. Tucked away on a quiet street, this 4-bedroom, 2-bath home offers 1,744 sq ft with a comfortable, flexible layout ideal for everyday living, guests, or a home office setup. Alley access and a single-car garage add convenience and functionality rarely found in this area. You'll appreciate the efficiency and comfort of natural gas, including heat, stove, and a tankless water heater for on-demand hot water. Perfectly positioned near the heart of town, the home is just minutes from downtown Panama City's dining, marina, and waterfront attractions. Its close proximity to Ascension Sacred Heart Hospital makes this location especially appealing for medical professionals or those seeking potential rental flexibility. Centrally located, the property offers easy access to Tyndall Air Force Base to the east, the Navy Base to the west, and is close enough to Panama City Beach for a day trip to the Gulf. Set within a golf-cart-friendly community, residents enjoy convenient rides to downtown restaurants, local shops, marina areas, and nearby waterfront amenities. Don't miss your opportunity--schedule your showing today with your favorite Realtor!
Full Property Details
Full Property Details for 111 N Gayle Ave
General
- Price: $309,900
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 785597
- Updated: 3/15/2026
- Added to Site: 48 day(s) ago
Interior
- Number of Rooms: 8
- Appliances: Electric Range, Tankless Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Covered, Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Alley Access
Location
- County: Bay
- Subdivision: Cove Terrace
- Driving Directions: Heading east on Hwy 98, turn right onto N Cove Road, then turn left onto cherry street. Take another left onto Gayle Avenue and the home will be down on the Left
School Information
- Elementary School: Cherry Street
- 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), Ductless
- Heating Type: Central, Ductless, Natural Gas
Utilities
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Ranch
- Construction: Stone, Stucco, Wood Frame
- Roof: Shingle
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 1958
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,500
- Lot Size: .24
- Lot Dimensions: 75 x 140
- Frontage: City Street
- Fencing (Description): Chain Link
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: COVE TERRACE 1ST ADD LOT 10 BLK 69 ORB 4727 P 1849
- Property ID: 21790-000-000
Listed by Keller Williams Realty Emerald
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Schools
Schools serving 111 N Gayle Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 0.2 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.2 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2 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 111 N Gayle Ave
Date
Details
Price
Change
Source
3/15/2026
Price Reduced
$309,900
-3.13%
MLS
3/03/2026
Price Reduced
$319,900
-3.03%
MLS
2/20/2026
Listed
$329,900
144.37%
MLS
5/09/2025
Sold
$135,000
—
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 111 N Gayle Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$678
—
$163,342
118%
2024
$678
-13%
$75,054
3%
2023
$778
-7%
$72,868
3%
2022
$834
8%
$70,746
3%
2021
$772
—
$68,685
6%
2021
$772
53%
$64,529
-4%
2019
$506
5%
$67,207
7%
2015
$483
1%
$62,828
1%
2014
$476
8%
$62,329
1%
2013
$439
—
$61,408
—
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 111 N Gayle Ave
111 N Gayle Avenue, Panama City, FL 32401 (MLS# 785597) is a Single Family property with 4 bedrooms and 2 full bathrooms. 111 N Gayle Avenue is currently listed for $309,900 and was received on February 21, 2026. Want to learn more about 111 N Gayle 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.

