243 Allen Avenue, Panama City, FL 32401 - Photo 1

1/1

$235,000

Sold
Closed
Single Family
3 Beds
1 Full Bath

1/1

Property Description

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Discover this 3-bedroom, 1-bath home nestled in the heart of Panama City's historic Cove neighborhood. Offering timeless charm and strong rental potential with an estimated long-term income of approximately $24,000 per year, this property is perfect for investors or homeowners alike. Features include a metal roof installed in 2016, a brand-new HVAC system installed in April 2025, and a privacy-fenced backyard. Just a half-block from the water's edge and within walking distance to Downtown Panama City's shops, restaurants, and the farmers market, this home blends comfort, convenience, and character. Experience the storybook appeal and unbeatable location of The Cove-where history, community, and opportunity meet.

Full Property Details

Full Property Details for 243 Allen Ave

General

Sold For: $235,000
Taxes: $2,914 (2024)
Status: Closed
Type: Single Family
Source: Bay_County
MLS ID: 780782
Added to Site: 86 day(s) ago

Interior

Number of Rooms: 4
Appliances: Electric Oven, Electric Water Heater
Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Bedrooms

Total Bedrooms: 3

Exterior

Exterior Features: Patio
Porch/Patio/Deck: Patio

Location

County: Bay
Subdivision: No Named Subdivision
Driving Directions: From the Hathaway Bridge, Head east on US-98, Turn right onto Frankford Ave, Turn left onto US-98 BUS E/W Beach Dr, Continue on W Beach Dr. Take E 2nd Ct and turn left onto Allen Ave. The destination is on your 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)
Heating Type: Central, Electric

Utilities

Sewer: Public Sewer
Utility Description: Electricity Available

Structural Information

Architectural Style: Contemporary
Sq. Ft. Source: Appraiser
Year Built: 1948

Lot Features

Lot Size (Acres): 0.18
Lot Size (Sq. Ft.): 7,841
Lot Size: .18
Lot Dimensions: 60 x 132
Frontage: City Street
Lot Features: Paved
Zoning: Resid Single Family
Fencing (Description): Partial, Privacy

Financial Considerations

Tax Amount: $2,914
Tax Year: 2024

Disclosures and Reports

Special Conditions: Listed As-Is
Legal Description: DAVIS PLAT LOT 5 BLK 2 MAP 105C3 ORB 4107 P 203
Property ID: 20184-000-000

Listed by Legacy Premier Agency
Sold by Think Real Estate

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— 243 Allen Ave —

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Schools

Schools serving 243 Allen Ave

School District:Bay County School District

Name	Grades	Distance
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401	PK-5	0.6 mi
Jinks Middle School 600 West 11th Street, Panama City, FL 32401	6-8	1.5 mi
Bay High School 1200 Harrison Avenue, Panama City, FL 32401	9-12	1.4 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 243 Allen Ave

Date

Details

Price

Change

Source

12/31/2025

Sold

$235,000

-4.08%

MLS

10/31/2025

Price Reduced

$245,000

-3.92%

MLS

10/23/2025

Listed

$255,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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243 Allen Ave, Panama City, FL 32401 - Photo 1

Sold

$235,000