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$565,000 Just Listed
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Property Description
Enjoy breathtaking water views from every floor of this beautifully positioned waterfront townhome. Designed with flexibility in mind, this property offers multiple possibilities for full-time living, vacation use, or income production. The spacious layout can accommodate separate living areas, making it ideal for multi-generational living or maximizing rental potential. An additional top-floor bonus room provides the perfect space for a home office, bunk room, hobby area, or guest accommodations. Whether you're looking for a primary residence, second home, or investment property, this townhome offers the versatility to fit your needs. Short-term rentals are permitted, creating an excellent opportunity for additional income. Located adjacent to the City's newly completed boat launch facility, this property is perfectly situated for boating enthusiasts. There is also the potential to obtain a private boat slip at the neighboring marina, with accommodations for boats up to 35 feet.
Full Property Details
Full Property Details for 306 Penny Ct
General
- Price: $565,000
- Taxes: $1,707 (2025)
- Status: Active
- Type: Townhouse
- Source: Bay_County
- MLS ID: 790859
- Updated: 6/5/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 8
- Appliances: Gas Oven, Gas Range, Gas Water Heater
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Covered Patio, Deck
- Porch/Patio/Deck: Balcony, Deck
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: East on 6th Street from Harrison Ave, cross over Watson Bayou Bridge into Millville. Turn Right onto Maple Ave and then Right into Watson Bayou Townhomes. Follow Penny Ct. to the end and home is on the left.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Utility Description: Electricity Available, Sewer Available
Structural Information
- Structure Type: Townhouse
- Construction: HardiPlank Type
- Roof: Metal
- Sq. Ft. Source: Appraiser
- Year Built: 2025
Lot Features
- Property View: Bayou
- Frontage: City Street
- Zoning: Resid Multi-Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Bayou, Seawall
- Water Front View: Bayou, Seawall
Financial Considerations
- Tax Amount: $1,707
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: OAKRIDGE 1ST ADD. (REPLAT) N1/2 OF LOT 5 BLK 4 LESS THE EAST 85' ORB 4640 P 791
- Property ID: 22385-018-000
Listed by EXP Realty LLC
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Schools
Schools serving 306 Penny Ct
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 0.7 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.2 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 1.8 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 306 Penny Ct
Date
Details
Price
Change
Source
6/05/2026
Listed
$565,000
—
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 306 Penny Ct
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,637
—
$106,502
4%
2024
$1,637
-7%
$102,248
4%
2023
$1,763
148%
$98,150
90%
2021
$712
-4%
$51,754
-5%
2022
$738
4%
$54,756
174%
2021
$712
120%
$20,000
—
2019
$323
7%
$20,000
—
2018
$303
—
$20,000
—
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 306 Penny Ct
306 Penny Court, Panama City, FL 32401 (MLS# 790859) is a Townhouse property with 4 bedrooms, 4 full bathrooms and 1 partial bathroom. 306 Penny Court is currently listed for $565,000 and was received on June 05, 2026. Want to learn more about 306 Penny Court? Do you have questions about finding other Townhouse 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.

