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Property Description
HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This property, once a 4 BR 2 BA, has been converted to a 2-unit rental property, perfect for short- or mid-term rental income or a single-family main house/mother-in-law suite arrangement. This property has been rented only on Furnished Finder and by word of mouth. Income for 2025 was $28,710! Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there. WHY THIS PROPERTY IS AWESOME: --Multiple possibilities for living/renting - especially as workforce housing for travel nurses, contractors, and others --2 BR, 1 BA in front, 1 BR, 1 BA in back --Proven income of up to $1,700 for front unit, $1,600/mo for back unit - WOW! --Full kitchen in front, efficient kitchenette in back --SOLD FULLY FURNISHED! --Driveway parking for 4; boat parking is easy! --HUGE backyard on this 75' x 200' lot. Make your own nature oasis or put in a pool! --Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and Gene's Oyster Bar COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!
Full Property Details
Full Property Details for 331 Maine Ave
General
- Price: $237,500
- Taxes: $2,457 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 784733
- Updated: 2/5/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 4
- Appliances: Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Exterior
- Porch/Patio/Deck: Covered, Porch
Parking
- Covered Spaces: 1
Location
- County: Bay
- Subdivision: Welch Add
- Driving Directions: From Business 98, turn south on Maine Ave. Home is on the right.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ductless, Wall Unit(s)
- Heating Type: Ductless, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Bungalow
- Sq. Ft. Source: Appraiser
- Year Built: 1945
Lot Features
- Lot Size (Acres): 0.34
- Lot Size (Sq. Ft.): 15,028
- Lot Size: .34
- Lot Dimensions: 75 x 200
- Frontage: City Street
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $2,457
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: WELCH ADD LOT 2 & N 20.5' OF LOT 3 BLK 5 ORB 4342 P 1957
- Property ID: 22512-000-000
Listed by EXP Realty LLC
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Schools
Schools serving 331 Maine Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 1 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.4 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2 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 331 Maine Ave
Date
Details
Price
Change
Source
2/05/2026
Listed
$237,500
87.01%
MLS
11/19/2020
Sold
$127,000
—
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 331 Maine Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,157
-6%
$136,591
8%
2024
$2,287
-3%
$126,032
—
2023
$2,359
25%
$126,029
17%
2021
$1,882
33%
$107,358
-4%
2022
$1,417
-25%
$111,389
224%
2021
$1,882
238%
$34,398
—
2019
$556
-18%
$34,398
-23%
2018
$678
2%
$44,772
1%
2017
$666
-2%
$44,459
1%
2016
$678
-2%
$44,224
1%
2015
$690
-1%
$43,755
-2%
2014
$696
11%
$44,538
3%
2013
$625
—
$43,180
—
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 331 Maine Ave
331 Maine Avenue, Panama City, FL 32401 (MLS# 784733) is a Single Family property with 4 bedrooms and 2 full bathrooms. 331 Maine Avenue is currently listed for $237,500 and was received on February 05, 2026. Want to learn more about 331 Maine 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.

