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$216,500
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Property Description
Beautiful New Construction Home in the Heart of Panama City Don't miss this incredible opportunity to own a newly built home on a spacious lot in a prime central location. This modern construction offers a functional layout with fresh finishes throughout, creating a move-in ready space that feels both stylish and comfortable. Conveniently located just minutes from downtown, shopping, dining, and major roadways, this home provides easy access to everything Panama City has to offer while still giving you room to enjoy outdoor space and privacy. Whether you're a homeowner looking for a brand-new property in a great area or an investor seeking a strong rental or resale opportunity, this home checks all the boxes for location, condition, and long-term value.
Full Property Details
Full Property Details for 511 N Gray Ave
General
- Sold For: $216,500
- Taxes: $263 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 785242
- Added to Site: 54 day(s) ago
Interior
- Number of Rooms: 2
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Location
- County: Bay
- Subdivision: Pine Crest Add To Callaway
- Driving Directions: Go down US 98 and take a right at the gas station onto Gray Ave
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Traditional
- Sq. Ft. Source: Owner
- Year Built: 2026
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size: .16
- Lot Dimensions: 45 x 160
Financial Considerations
- Tax Amount: $263
- Tax Year: 2025
Disclosures and Reports
- Legal Description: PINECREST ADD LOTS 19, 20, 21 BLK E ORB 3921 P 797
- Property ID: 22633-000-000
Listed and Sold by Real Broker LLC
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Schools
Schools serving 511 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 | 1.4 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.6 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2.2 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 511 N Gray Ave
Date
Details
Price
Change
Source
3/19/2026
Sold
$216,500
-5.87%
MLS
2/13/2026
Listed
$230,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
511 N Gray Avenue, Panama City, FL 32401 (MLS# 785242) is a Single Family property that was sold at $216,500 on March 19, 2026. Want to learn more about 511 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.

