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$1,575,000
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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
General
- Price: $1,575,000
- Taxes: $848 (2023)
- Status: Active
- Type: Duplex
- Source: Bay_County
- MLS ID: 766313
- Updated: 1/8/2026
- Added to Site: 39 day(s) ago
Interior
- Number of Rooms: 16
- Appliances: Electric Cooktop, Electric Oven, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 16
- Full Bathrooms: 16
Bedrooms
- Total Bedrooms: 16
Location
- County: Bay
- 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
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- Architectural Style: Duplex
- Structure Type: Duplex
- Sq. Ft. Source: Plans
- Year Built: 2024
Lot Features
- Lot Dimensions: 182 x 360
- Frontage: City Street
- Zoning: Resid Multi-Family
Financial Considerations
- Tax Amount: $848
- Tax Year: 2023
Disclosures and Reports
- Special Conditions: Listed As-Is
- 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
- Property ID: 12629-036-010
Listed by Scenic Sotheby's International Realty
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Schools
Schools serving 2729 Carol 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2729 Carol Ln
Date
Details
Price
Change
Source
12/11/2025
Price Reduced
$1,575,000
-4.49%
MLS
12/18/2024
Listed
$1,649,000
999.33%
MLS
6/05/2023
Sold
$150,000
—
Public Record
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 2729 Carol Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$836
-1%
$67,732
—
2023
$848
—
$67,732
—
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 2729 Carol Ln
2729 Carol Lane, Panama City, FL 32405 (MLS# 766313) is a Duplex property with 16 bedrooms and 16 full bathrooms. 2729 Carol Lane is currently listed for $1,575,000 and was received on December 11, 2025. Want to learn more about 2729 Carol 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.

