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$1,400,000
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Property Description
Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.
Full Property Details
Full Property Details for 2729 Carol Ln Ln
General
- Sold For: $1,400,000
- Status: Closed
- Type: Duplex
- Source: Emerald_Coast
- MLS ID: 964913
- Added to Site: 506 day(s) ago
Interior
- Number of Rooms: 18
- Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Water Heater - Elect
Rooms
Bathrooms
- Total Bathrooms: 16
- Full Bathrooms: 16
Bedrooms
- Total Bedrooms: 16
Location
- Area: 27 - Bay County
- County: Bay
- Subdivision: HIGHLAND CITY
- Driving Directions: Follow W 33rd Street to Frankford Ave. Take Baldwin Road and turn right on Canal Ave. Then continue and it is on the right. 2728-2741
School Information
- Elementary School: Hiland Park
- Middle School: Mowat
- High School: Bay
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating/Cooling: Central Air
Utilities
- Utility Description: Electric
Structural Information
- Architectural Style: Duplex
- Construction: Siding Vinyl
- Exterior Const.: Siding Vinyl
- Stories/Levels: 1
- Square Feet: 7,240
- Sq. Ft. Source: Building Plan
- Year Built: 2024
Lot Features
- Frontage: City Street
- Zoning: Resid Multi-Family
Disclosures and Reports
- Legal Description: HIGHLAND CITY (7.03) BEG 348.14' E OF NW COR LOT 8 TH E 91.41' S 180' W 89.28' N 179.98' TO POB BLK 29 ORB 4696 P 1242
- APN: 12629-036-010
- Property ID: 12629-036-010
Listed and Sold by Scenic Sotheby's International Realty
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Schools
Schools serving 2729 Carol Ln Ln
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Hiland Park Elementary School 2507 East Baldwin Road, Panama City, FL 32405 | K-5 | 0.4 mi |
Mowat Middle School 1903 County Road 390, Lynn Haven, FL 32444 | 6-8 | 2.5 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2.5 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 2729 Carol Ln Ln
Date
Details
Price
Change
Source
4/13/2026
Sold
$1,400,000
-11.11%
MLS
12/11/2025
Price Reduced
$1,575,000
-4.49%
MLS
12/18/2024
Listed
$1,649,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2729 Carol Lane Lane, Panama City, FL 32405 (MLS# 964913) is a Duplex property that was sold at $1,400,000 on April 13, 2026. Want to learn more about 2729 Carol Lane Lane? Do you have questions about finding other Duplex 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.

