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$325,000

  • For Sale
  • Active
  • Single Family
  • 12 Beds
  • 5 Full Baths
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Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation. The building is currently vacant and in need of substantial updates-ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.

Full Property Details for 11921 Caruso Dr

General

  • Price: $325,000
  • Taxes: $1,585 (2024)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 773347
  • Updated: 12/2/2025
  • Added to Site: 77 day(s) ago

Interior

  • Number of Rooms: 12
  • Interior Features: Handicap Access

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 12

Additional Information

  • Pool: Yes
  • Pool Description: Other, See Remarks

Location

  • County: Bay
  • Subdivision: [No Recorded Subdiv]
  • Driving Directions: From hwy 2297 turn right on Caruso, last property on right, right side open

School Information

  • Elementary School: Callaway
  • Middle School: Rutherford Middle
  • High School: Rutherford

Community

  • Community Name: 05 - Bay County - East

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electricity Available

Structural Information

  • Architectural Style: Other
  • Stories/Levels: 1
  • Sq. Ft. Source: Appraiser
  • Year Built: 1981

Lot Features

  • Lot Size (Acres): 0.98
  • Lot Size (Sq. Ft.): 42,689
  • Lot Size: .98
  • Lot Dimensions: 150 x 150 x 285
  • Frontage: City Street

Financial Considerations

  • Tax Amount: $1,585
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: 25-4S-13W -1.446- BEG 900' E OF NW COR TH E 150' S 300' W 150' N 300' TO POB LESS RDR/W & ESMT AKA L-103 E BAY PT UNRORB MAP 164A2 ORB 4698 P 2114
  • Property ID: 07399-446-000

Listed by Counts Real Estate Group Inc

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Listing agents

— 11921 Caruso Dr —

  • Counts Real Estate Group Inc

  • Counts Real Estate Group Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 11921 Caruso Dr

School District:Bay County School District
NameGradesDistance
Callaway Elementary School
7115 E Highway 22, Panama City, FL 32404
K-54.7 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-87.5 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 11921 Caruso Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/12/2025
Listed
$325,000
140.74%
MLS
11/06/2023
Sold
$135,000
—
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 11921 Caruso Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,585
60%
$112,192
78%
2023
$990
7%
$63,056
1%
2022
$924
-72%
$62,711
-20%
2021
$3,282
-8%
$78,661
-23%
2019
$3,572
-17%
$102,166
-37%
2018
$4,313
-7%
$161,617
-13%
2017
$4,640
-1%
$185,122
—
2016
$4,705
-1%
$185,122
2%
2015
$4,748
—
$182,325
—
2014
$4,745
2%
$182,325
-9%
2013
$4,664
—
$199,768
—
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.

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NMLS#: 1598647

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Listed by Counts Real Estate Group Inc

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11921 Caruso Drive, Panama City, FL 32404 (MLS# 773347) is a Single Family property with 12 bedrooms and 5 full bathrooms. 11921 Caruso Drive is currently listed for $325,000 and was received on November 03, 2025. Want to learn more about 11921 Caruso Drive? 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.

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