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$415,000 -$110,000 (-20.95%) Price Reduced
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Property Description
Welcome to this one-of-a-kind custom property with superb craftsmanship and luxury materials, along with unique details you have to see to believe. Classic style with brick dual sided fireplace, newly refinished wood floors, high ceilings, and modern amenities. Amazing location with easy access to main highways, high traffic, and close proximity to Tyndall Air Force Base. Spacious living and open area with lots of options for 5 bedrooms/offices Beautiful new kitchen will impress your customers with plenty of room for reception area, waiting room, display, or presentation room. The kitchen boasts gorgeous granite counter-tops and all new kitchen and stainless appliances. Spacious yard is high and dry, with room for more structures, equipment, storage, or additional parking. A front covered porch is very welcoming and a large covered rear porch is your key to a shady afternoon retreat, entertaining guests, or enjoying a relaxing rain shower. A fully fenced yard for your privacy and security. Located within minutes to revitalized and booming downtown Panama City, with dozens of restaurants, shops, night spots, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next home, or investing in the future of Panama City, this property has room to add additional dwelling units, pool, parking, outbuildings, and so much more! With Mixed-Use Zoning, there are options for commercial use, live-work situations, and so much more! Also offered as a commercial lease. Alterations to the home can be negotiated. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Furniture is virtually staged except for a few pieces that are negotiable. Offered for Lease at $3500.00 Monthly NNN for 5 year minimum. Longer leases are negotiable.
Full Property Details
Full Property Details for 5045 E Hwy 98
General
- Price: $415,000
- Status: Active
- Type: Commercial
- Source: Bay_County
- MLS ID: 786757
- Updated: 10/14/2026
- Added to Site: 218 day(s) ago
Interior
- Flooring: Hardwood
Location
- County: Bay
- Subdivision: W H Parker
- Driving Directions: Located on North side of Business 98.
School Information
- Elementary School: Tyndall Academy
- Middle School: Rosenwald
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Structural Information
- Roof: Shingle
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,196.8
- Lot Size: .28
- Zoning: Other - See Remarks
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: W H PARKER PLAT-(2.95) BEG 25'S & 330'W & 507'S OF NE COR LOT 27 TH S 90' E 135' N 90' W 135' TO POB ORB 4621 P 2059
- Property ID: 25249-070-000
Listed by Keller Williams Success Realty
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Schools
Schools serving 5045 E Hwy 98
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Parker Elementary School 640 South Highway 22 A, Panama City, FL 32404 | PK-5 | 0.4 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 2.6 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 5045 E Hwy 98
Date
Details
Price
Change
Source
10/14/2026
Price Reduced
$415,000
-20.95%
MLS
8/28/2026
Price Reduced
$525,000
-16%
MLS
3/13/2026
Listed
$625,000
812.41%
MLS
10/10/2022
Sold
$68,500
—
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 5045 E Hwy 98
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,723
9%
$123,156
9%
2024
$1,585
8%
$113,492
10%
2023
$1,462
228%
$103,358
138%
2021
$446
-25%
$43,448
-34%
2022
$594
33%
$66,089
71%
2021
$446
12%
$38,540
2%
2019
$400
-13%
$37,667
-12%
2018
$460
-1%
$42,620
1%
2017
$467
-4%
$42,383
-1%
2016
$487
-4%
$42,844
—
2015
$506
-1%
$42,869
-1%
2014
$510
10%
$43,330
-1%
2013
$464
—
$43,792
—
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 5045 E Hwy 98
5045 E Highway 98, Panama City, FL 32404 (MLS# 786757) is a Commercial property. 5045 E Highway 98 is currently listed for $415,000 and was received on March 13, 2026. Want to learn more about 5045 E Highway 98? Do you have questions about finding other Commercial 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.

