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$349,900

  • For Sale
  • Under Contract
  • Multi-Family
  • 0.24 Acres
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Located in the highly desirable Panama City Cove, this versatile 4-bedroom, 2-bath home offers incredible flexibility for homeowners and investors alike. Currently configured as two separate living spaces; a 3-bedroom, 1-bath main unit and a private 1-bedroom, 1-bath unit. This property is perfect for multi-generational living, rental income, or a live-in-one, rent-the-other opportunity. The main 3/1 unit features spacious living areas, comfortable bedrooms, and abundant natural light, creating a warm and inviting atmosphere. The 1/1 unit offers its own private space, ideal for guests, long-term tenants, or short-term rental potential. Situated in the heart of The Cove, you'll enjoy close proximity to downtown dining, shopping, waterfront parks, and marinas while still tucked into one of the area's most charming and established neighborhoods. Whether you're looking to expand your investment portfolio or secure a flexible primary residence with income potential, this property is a rare opportunity in one of Panama City's most sought-after communities.

Full Property Details for 448 S Macarthur Ave

General

  • Price: $349,900
  • Taxes: $4,563 (2025)
  • Status: Under Contract
  • Type: Multi-Family
  • Source: Bay_County
  • MLS ID: 786155
  • Updated: 3/6/2026
  • Added to Site: 32 day(s) ago

Interior

  • Number of Rooms: 4
  • Appliances: Electric Cooktop, Electric Oven, Electric Range

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Location

  • County: Bay
  • Subdivision: Sudduths 10Th Add
  • Driving Directions: Head south on Hwy 77/N Cove Blvd. Turn left onto Cherry St. Turn right onto S Macarthur Ave. Home will be on the left.

School Information

  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay

Community

  • Community Name: 02 - Bay County - Central

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Multi Units

Utilities

  • Sewer: Public Sewer

Structural Information

  • Construction: Block
  • Roof: Composition, Shingle
  • Sq. Ft. Source: Appraiser
  • Year Built: 1949

Lot Features

  • Lot Size (Acres): 0.24
  • Lot Size (Sq. Ft.): 10,498
  • Lot Size: .24
  • Lot Dimensions: 78 x 139
  • Frontage: City Street
  • Zoning: Resid Multi-Family
  • Fencing (Description): Fenced

Financial Considerations

  • Tax Amount: $4,563
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: SUDDUTH'S 10TH ADD LOT 25 BLK 74 ORB 4471 P 1178
  • Property ID: 21526-000-000

Listed by CENTURY 21 Commander Realty

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Listing agents

— 448 S Macarthur Ave —

  • CENTURY 21 Commander Realty

  • CENTURY 21 Commander Realty

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 448 S Macarthur Ave

School District:Bay County School District
NameGradesDistance
Merriam Cherry Street Elementary School
1125 Cherry Street, Panama City, FL 32401
PK-50.8 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-82.8 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-122.6 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 448 S Macarthur Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/03/2026
Listed
$349,900
27.24%
MLS
8/09/2021
Sold
$275,000
—
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 448 S Macarthur Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,263
-11%
$269,924
-7%
2024
$4,779
4%
$290,064
14%
2023
$4,581
314%
$255,400
174%
2021
$1,106
-71%
$93,218
-60%
2022
$3,806
244%
$233,287
154%
2021
$1,106
62%
$91,931
11%
2019
$681
-8%
$82,935
-7%
2018
$739
4%
$88,703
2%
2017
$711
2%
$86,879
2%
2016
$700
-2%
$85,092
1%
2015
$717
2%
$84,500
1%
2014
$701
9%
$83,829
2%
2013
$641
—
$82,590
—
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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Listed by CENTURY 21 Commander Realty

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448 S Macarthur Avenue, Panama City, FL 32401 (MLS# 786155) is a Multi-Family property with units containing 4 bedrooms and 2 full bathrooms. 448 S Macarthur Avenue is currently listed for $349,900 and was received on March 03, 2026. Want to learn more about 448 S Macarthur Avenue? Do you have questions about finding other Multi-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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