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$269,998

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1 Partial Bath
See This Home
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Immediate Cash Flow Opportunity! This home comes with a one-year rental agreement in place, providing you with cash flow and financial security with vetted tenants. The lease expires March 31, 2027 with rent at $1,900/month. This beautiful 4-bedroom, 2.5 bath home, built in 2019, is contemporarily designed inside and out. The open floor plan is ultra-low maintenance, with metal roof, custom cabinets, quartz counter tops, LVP downstairs and carpet upstairs, plus, the low-cost HOA takes care of the yard! Everything is in like new condition. Callaway Corners offers a welcoming, family-oriented community that appeals to investors, first time home buyers and military families. Tyndall Air Force base is under 20 minutes away and local retail, dining and shopping are just minutes away. Enjoy the relaxing, sandy beaches in under 30 minutes on Panama City Beach. Don't miss out on this great value in the secluded neighborhood of Calloway Corners.

Full Property Details for 311 N Gay Ave

General

  • Price: $269,998
  • Taxes: $3,022 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 790758
  • Updated: 6/11/2026
  • Added to Site: 55 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Double Vanity, Tub Shower, Upper Level Primary, Pantry
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Ice Maker

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Shared Amenities: Picnic Area

Exterior

  • Porch/Patio/Deck: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Garage, Garage Door Opener

Location

  • County: Bay
  • Subdivision: Callaway Corners
  • Driving Directions: From HWY 98/Tyndall Parkway take HWY 22 East, Callaway Corners is on your left.

School Information

  • Elementary School: Callaway
  • Middle School: Rutherford Middle
  • High School: Rutherford

Community

  • Community Name: 02 - Bay County - Central
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Heat Pump
  • Heating Type: Heat Pump

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Contemporary
  • Construction: HardiPlank Type, Wood Frame
  • Roof: Metal
  • Stories/Levels: 2
  • Sq. Ft. Source: Appraiser
  • Year Built: 2019

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Size (Sq. Ft.): 2,222
  • Lot Size: .05
  • Lot Dimensions: 40*56
  • Frontage: City Street
  • Land Lease Avail: Yes
  • Zoning: Resid Single Family
  • Fencing (Description): Fenced

Financial Considerations

  • Tax Amount: $3,022
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: CALLAWAY CORNERS 131C2 LOT 6 ORB 4129 P 1653
  • Property ID: 06275-100-006

Listed by Beachy Beach Real Estate

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Listing agent

— 311 N Gay Ave —

  • Beachy Beach Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 311 N Gay Ave

School District:Bay County School District
NameGradesDistance
Callaway Elementary School
7115 E Highway 22, Panama City, FL 32404
K-51.1 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-81.8 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 311 N Gay Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/03/2026
Listed
$269,998
35.78%
MLS
5/30/2019
Sold
$198,855
—
Public Record
Get Price Alerts and Save Property
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 for 311 N Gay Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,054
—
$220,683
-1%
2024
$3,054
5%
$223,659
2%
2023
$2,897
20%
$218,761
20%
2021
$2,409
2%
$181,605
-1%
2022
$2,370
-2%
$183,458
10%
2021
$2,409
1485%
$167,489
1369%
2019
$152
13%
$11,400
8%
2018
$135
-32%
$10,600
-29%
2017
$199
-2%
$15,000
—
2016
$204
-3%
$15,000
—
2015
$211
—
$15,000
—
2014
$210
-12%
$15,000
-19%
2013
$238
—
$18,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Beachy Beach Real Estate

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311 N Gay Avenue, Panama City, FL 32404 (MLS# 790758) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 311 N Gay Avenue is currently listed for $269,998 and was received on June 03, 2026. Want to learn more about 311 N Gay Avenue? Do you have questions about finding other Single Family 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.

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