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

1/1

$235,000

Sold
Closed
Single Family
2 Beds
1 Full Bath
784 Sq. Ft.

1/1

Property Description

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: Emerald_Coast
MLS ID: 988233
Added to Site: 85 day(s) ago

Interior

Rooms/Areas: Bedroom, Living Room, Master Bedroom, Sitting Room
Interior Features: Breakfast Bar, Floor Tile, Floor WW Carpet, Furnished - None, Lighting Recessed
Appliances: Dishwasher, Microwave, Refrigerator, Stove/Oven Electric

Rooms

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Bedrooms

Total Bedrooms: 2

Other Rooms

Living Room: Living Room
Sitting Room: Sitting Room

Location

Area: 27 - Bay County
County: Bay
Subdivision: No Recorded Subdivision
Driving Directions: Heading to Panama City, Take US-98, cross the Hathaway Bridge, Turn right on Frankford Ave. Left on US-98 BUS E/W Beach Dr, Take E 2nd Ct and turn left on Allen Ave, Destination is on your left.

School Information

Elementary School: Cherry Street
Middle School: Jinks
High School: Bay

Heating & Cooling

Heating/Cooling: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric

Utilities

Utility Description: Electric, Public Sewer, Public Water

Structural Information

Architectural Style: Contemporary
Construction: Foundation On Piling, Roof Composite Shngl, Siding Vinyl
Stories/Levels: 1
Square Feet: 784
Sq. Ft. Source: County PA Records
Year Built: 1948

Lot Features

Lot Size (Acres): 0.18
Lot Dimensions: 60 x 132
Zoning: Resid Single Family

Financial Considerations

Tax Amount: $2,914
Tax Year: 2024
Terms: Conventional, FHA, VA

Disclosures and Reports

Legal Description: DAVIS PLAT LOT 5 BLK 2 MAP 105C3 ORB 4821 P 203
APN: 20184-000-000

Listed by Legacy Premier Agency LLC

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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

-7.84%

MLS

10/24/2025

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