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$230,000
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Property Description
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' HOME AND GUEST HOUSE-A rare opportunity offering location, flexibility, and proven income potential. Less than five minutes from Harrison Avenue and Downtown Panama City, this dual-residence property is ideal for investors, Airbnb operators, or owner-occupants seeking supplemental rental income. The main home, constructed of durable concrete block, offers 2 bedrooms, 1 bathroom, and 768 sq ft of well-designed living space infused with historic charm and modern convenience. This residence underwent a comprehensive renovation in 2022, featuring upgraded LVP flooring, stainless steel appliances, granite countertops, modern cabinetry, updated lighting, full-size washer and dryer, new AC system, updated plumbing, and a new roof. It is sold fully furnished and completely turnkey and is currently operating as an income-producing rental, providing immediate revenue for the next owner. The detached guest house, built in 2023, offers 1 bedroom, 1 bathroom, and 440 sq ft with private alley access, giving guests or tenants a separate and convenient entry point. As a newer build, it provides clean, efficient living space and excellent rental appeal without the need for updates or renovations. With its prime central location and the ability to live in one home while renting the other or maximize returns with dual rental income, this property delivers exceptional versatility, long-term value, and a true turnkey opportunity for its next owner.
Full Property Details
Full Property Details for 1114 McKenzie Ave
General
- Price: $230,000
- Taxes: $3,102 (2024)
- Status: Under Contract
- Type: Single Family
- Source: Bay_County
- MLS ID: 782737
- Updated: 12/22/2025
- Added to Site: 31 day(s) ago
Interior
- Number of Rooms: 4
- Appliances: Electric Oven, Electric Water Heater
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Location
- County: Bay
- Subdivision: Pine-Lea 2nd
- Driving Directions: From the Hathaway Bridge, Head east on US-98 E, Turn right onto Harrison Ave, Turn left onto E 12th St, Turn right onto McKenzie Ave, The Destination is 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: Attic Fan, Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Other
- Sq. Ft. Source: Appraiser
- Year Built: 1949
Additional Structures
- Other Structures: Guest House
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size: .16
- Lot Dimensions: 60 x 120
- Frontage: City Street
- Lot Features: Paved
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $3,102
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: PINE-LEA 2ND ADD LOT 9 ORB 4584 P 473 MAP 105B2
- Property ID: 17575-000-000
Listed by Legacy Premier Agency
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Schools
Schools serving 1114 McKenzie 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 | 0.6 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 0.2 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 1114 McKenzie Ave
Date
Details
Price
Change
Source
12/17/2025
Listed
$230,000
17.05%
MLS
6/02/2022
Sold
$196,500
—
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 1114 McKenzie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,102
47%
$219,303
39%
2023
$2,108
130%
$157,710
263%
2021
$918
-2%
$43,418
-4%
2022
$939
2%
$45,166
11%
2021
$918
40%
$40,597
—
2019
$658
-13%
$40,713
-18%
2018
$756
1%
$49,894
—
2017
$750
-2%
$50,049
—
2016
$768
-3%
$50,109
-1%
2015
$795
—
$50,388
-1%
2014
$792
7%
$50,667
-1%
2013
$737
—
$50,945
—
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 1114 McKenzie Ave
1114 McKenzie Avenue, Panama City, FL 32401 (MLS# 782737) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1114 McKenzie Avenue is currently listed for $230,000 and was received on December 17, 2025. Want to learn more about 1114 McKenzie 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.

