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$199,000
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Property Description
Remarkable opportunity for investors, first-time homebuyers, or anyone looking for an affordable property with flexibility and proven rental appeal. This charming home has previously been used as an Airbnb and has hosted military families in transition, buyers waiting on delayed closings, and guests needing an affordable place to stay with room for both family and belongings. Located directly across from Springfield Community Park and close to Tyndall Air Force Base, this property offers convenience, comfort, and income potential. It is also less than 30 minutes from Panama City Beach, making it a smart option for a short-term rental, long-term rental, or primary residence. As you enter the home, you are welcomed by a great enclosed front porch with glass doors leading into the living room. The kitchen is compact yet functional and features newer stainless steel appliances. The main level offers two bedrooms, while the upstairs bedroom includes its own bathroom with a spacious granite countertop, plus a private balcony perfect for enjoying the evening breeze. The interior walls and trim have been freshly painted, and the exterior painting has just been completed. New light fixtures have also been added. Carpets will need replacing, and the roof was replaced in 2019. The spacious backyard includes a storage building and firepit area, ideal for relaxing, entertaining, or roasting marshmallows. Whether you are looking for an affordable starter home, a long-term rental, or an Airbnb-style investment property with rental history available, 403 Transmitter Road is a property worth considering Seller is seeking cash, conventional financing, or special investor financing such as DSCR loan options where applicable.
Full Property Details
Full Property Details for 403 Transmitter Rd
General
- Price: $199,000
- Taxes: $2,905 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 790067
- Updated: 6/27/2026
- Added to Site: 13 day(s) ago
Interior
- Number of Rooms: 4
- Interior Features: Main Level Primary
- Fireplace: Yes
- Appliances: Electric Cooktop, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Fire Pit, Porch
- Porch/Patio/Deck: Balcony, Porch, Screened
Parking
- Garage: Yes
- Garage Spaces: 1.5
Location
- County: Bay
- Subdivision: Springfield Hts Replat
- Driving Directions: heading east on hwy 98 aka 15th st turn right on Transmitter rd go to 4th st and next driveway is the property.
School Information
- Elementary School: Parker
- Middle School: Rutherford Middle
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Fireplace(s)
Structural Information
- Architectural Style: Rustic
- Roof: Composition, Shingle
- Stories/Levels: 2
- Sq. Ft. Source: Appraiser
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Size: .17
- Lot Dimensions: 61 x 118
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $2,905
- Tax Year: 2025
Disclosures and Reports
- Legal Description: SPRINGFIELD HTS REPLAT LOT 7 BLK 3 ORB 4195 P 1457
- Property ID: 23561-000-000
Listed by LPT Realty LLC
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Schools
Schools serving 403 Transmitter Rd
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Cedar Grove Elementary School 2826 East 15th Street, Panama City, FL 32405 | PK-5 | 1.5 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 0.8 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 403 Transmitter Rd
Date
Details
Price
Change
Source
6/13/2026
Price Reduced
$199,000
-0.45%
MLS
5/30/2026
Listed
$199,900
38.82%
MLS
11/25/2019
Sold
$144,000
—
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 403 Transmitter Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,761
—
$166,278
6%
2024
$2,761
—
$157,363
1%
2023
$2,757
21%
$155,939
12%
2021
$2,272
-7%
$138,772
-4%
2022
$2,431
7%
$144,662
18%
2021
$2,272
1405%
$122,375
404%
2019
$151
-77%
$24,301
-67%
2018
$653
-2%
$73,754
-1%
2017
$666
-3%
$74,484
-1%
2016
$685
-4%
$75,215
-1%
2015
$713
—
$75,945
-1%
2014
$712
-17%
$76,506
-5%
2013
$854
—
$80,524
—
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 403 Transmitter Rd
403 Transmitter Road, Panama City, FL 32401 (MLS# 790067) is a Single Family property with 3 bedrooms and 2 full bathrooms. 403 Transmitter Road is currently listed for $199,000 and was received on June 27, 2026. Want to learn more about 403 Transmitter Road? 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.

