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$170,000 Just Listed
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Property Description
Under Contract Taking back up POOL HOME! Bring your vision to this 3-bedroom, 2-bath BRICK home offering an exciting opportunity for investors, flippers, or buyers looking to create a home of their own. This handyman special/fixer-upper has a solid foundation of features and plenty of room to add value with some TLC and updates, close to Tyndall AFB. The home offers a one-car garage, functional layout, and a 2022 roof, providing an important recent improvement. Step outside to discover a fenced backyard with an in-ground pool and storage shed, creating the potential for an incredible outdoor living and entertaining space once refreshed. Whether you're looking for your next renovation project, investment property, or an opportunity to transform a home into something truly your own, this property is ready for its next chapter. So many possibilities--bring your imagination and make this one shine! All sizes, info, measurements approx; please verify if important.
Full Property Details
Full Property Details for 206 S Gay Ave
General
- Price: $170,000
- Taxes: $749 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 796040
- Updated: 10/7/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Tub Shower
- Appliances: Electric Oven
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Private
Exterior
- Exterior Features: Patio, Rain Gutters
- Porch/Patio/Deck: Enclosed, Patio
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- County: Bay
- Subdivision: Lannie Rowe Lake Estates U-2
- Driving Directions: Travel South on Tyndall Parkway. Turn Left onto Cherry Street, and a right onto S Gay. Continue down S Gay, property is on the right 206.
School Information
- Elementary School: Parker
- Middle School: Rutherford Middle
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Utility Description: Electricity Available, Sewer Available
Structural Information
- Architectural Style: Traditional
- Construction: Brick, Wood Siding, Wood Frame
- Roof: Composition, Shingle
- Sq. Ft. Source: Appraiser
- Year Built: 1968
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 13,068
- Lot Size: .3
- Lot Dimensions: 95.0 ft x 140.0 ft
- Frontage: City Street
- Zoning: Resid Single Family
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $749.77
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LANNIE ROWE LAKE EST U-2 LOT 7 BLK A (132B2) ORB 4052 P 1272
- Property ID: 07086-000-000
Listed by Keller Williams Success Realty
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Schools
Schools serving 206 S Gay Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Parker Elementary School 640 South Highway 22 A, Panama City, FL 32404 | PK-5 | 1 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 2.3 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 206 S Gay Ave
Date
Details
Price
Change
Source
9/30/2026
Listed
$170,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 206 S Gay Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$717
—
$100,449
3%
2024
$717
4%
$97,618
3%
2023
$690
15%
$94,775
6%
2021
$602
-2%
$89,335
-3%
2022
$616
2%
$92,015
4%
2021
$602
7%
$88,102
2%
2019
$565
7%
$86,121
2%
2018
$530
1%
$84,515
2%
2017
$527
2%
$82,777
2%
2016
$517
-3%
$81,074
1%
2015
$531
2%
$80,510
1%
2014
$521
10%
$79,871
1%
2013
$474
—
$78,691
—
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 206 S Gay Ave
206 S Gay Avenue, Panama City, FL 32404 (MLS# 796040) is a Single Family property with 3 bedrooms and 2 full bathrooms. 206 S Gay Avenue is currently listed for $170,000 and was received on October 07, 2026. Want to learn more about 206 S Gay 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.

