336 N Gray Avenue, Panama City, FL 32401 - Photo 1

1/1

$195,000

Sold
Closed
Single Family
3 Beds
2 Full Baths

1/1

Property Description

INVESTOR SPECIAL - 2 DOORS, 1 PRICE, HUGE UPSIDE This Panama City property is a true value-add opportunity with multi-income potential. Sitting on a multi-family lot, you'll find a fully functional 3BR/2BA main home that's rent-ready-plus two additional detached structures to be converted into a separate living with a great workshop or storage area. Whether you're building out a rental portfolio or looking for a project with strong equity upside, this setup delivers. The main house features original hardwood floors, paneled walls, a tiled master bath, and all major appliances already in place. Solid bones and city utilities make renovation straightforward. Located in-town and minutes to shopping, schools, and employers, this is an ideal location for long-term tenants. Live in one, rent the other, or bring in steady cash flow from both. Two units. One lot. Endless potential.

Full Property Details

Full Property Details for 336 N Gray Ave

General

Sold For: $195,000
Taxes: $1,918 (2024)
Status: Closed
Type: Single Family
Source: Bay_County
MLS ID: 777578
Added to Site: 157 day(s) ago

Interior

Number of Rooms: 9
Appliances: Electric Range

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 3

Exterior

Porch/Patio/Deck: Open, Porch

Location

County: Bay
Subdivision: No Named Subdivision
Driving Directions: Heading West on Hwy 98, turn left on N Gray Ave, home will be on your left. Look for sign.

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: Wall Unit(s)
Heating Type: Electric

Utilities

Sewer: Public Sewer
Utility Description: Cable Connected, Electricity Available

Structural Information

Architectural Style: Traditional
Stories/Levels: 2
Sq. Ft. Source: Appraiser
Year Built: 1945

Additional Structures

Other Structures: Other

Lot Features

Lot Size (Acres): 0.27
Lot Size (Sq. Ft.): 11,761
Lot Size: .27
Lot Dimensions: 85 x 140
Frontage: City Street
Lot Features: Paved
Zoning: Resid Single Family

Financial Considerations

Tax Amount: $1,918
Tax Year: 2024

Disclosures and Reports

Legal Description: PINECREST ADD LOTS 9, 10 BLK C ORB 3795 P 595
Property ID: 22605-000-000

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Schools

Schools serving 336 N Gray Ave

School District:Bay County School District

Name	Grades	Distance
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401	PK-5	1.3 mi
Jinks Middle School 600 West 11th Street, Panama City, FL 32401	6-8	2.7 mi
Bay High School 1200 Harrison Avenue, Panama City, FL 32401	9-12	2.3 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 336 N Gray Ave

Date

Details

Price

Change

Source

10/27/2025

Sold

$195,000

-6.7%

MLS

8/13/2025

Listed

$209,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 4 days ago

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Beds
3
Total Baths
2,039
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2
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3
Total Baths
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Total Baths
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0.3
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Commercial
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336 Gray Ave, Panama City, FL 32401 - Photo 1

Sold

$195,000

336 Gray Ave Panama City, FL 32401

Single Family
Closed

3
Beds
1,792
Sq. Ft.

Listed by Beach Properties Real Estate Group
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3
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Total Bath

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336 N Gray Avenue, Panama City, FL 32401 (MLS# 777578) is a Single Family property that was sold at $195,000 on October 27, 2025. Want to learn more about 336 N Gray 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.

336 N Gray Ave Panama City, FL 32401