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$345,000
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Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. 2.88-acre multi-residence property located in the heart of Panama City. Zoned for up to 8.99 townhomes or 4 duplexes per acre. Offering exceptional space, privacy, and versatility, this sprawling estate is ideal for multi-generational living, investment income, or a private retreat with room to grow. The main residence is a fully renovated cinderblock home featuring three bedrooms and 1.5 baths, plus a dedicated mother-in-law suite. The home has been thoughtfully updated from top to bottom with modern finishes, including: - New flooring and fresh paint throughout - A durable metal roof - An updated kitchen with new appliances - Completely remodeled bathrooms featuring new vanities, toilets, and a brand-new soaker tub. Bright, open, and built to last, this home is truly move-in ready! Adding potential value is a separate 2-bedroom, 1-bath mobile home. With some TLC this would be ideal for extended family, guests, or rental income. The property continues to impress outdoors with a detached 2-car garage for vehicles, storage, or a workshop, Large pole barn, perfect for boats, RVs, equipment, or hobbies and a serene pond nestled at the center of the property, surrounded by mature trees, creating a peaceful natural retreat. The Property features expansive open land with established driveways and multiple access points. Enjoy the privacy and space of country living while remaining just minutes from shopping, dining, schools, and all that Panama City has to offer. Properties with multiple dwellings, acreage, and this level of convenience are hard to find. Whether you're looking for a family compound, income-producing property, or a one-of-a-kind homestead, this property checks every box! Schedule your private showing today.
Full Property Details
Full Property Details for 5203 E 4th St
General
- Sold For: $345,000
- Taxes: $3,033 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 784479
- Added to Site: 206 day(s) ago
Interior
- Number of Rooms: 3
- Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Exterior
- Porch/Patio/Deck: Covered, Patio, Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Covered Spaces: 1
- Parking Features: Additional Parking, RV Carport, RV Access/Parking
Location
- County: Bay
- Subdivision: Callaway
- Driving Directions: From Hwy 98, head east past the 231 Intersection. Just past Walmart, turn right on 7th St. Then left on Seneca, and right on 4th St. Property will be on the right.
School Information
- Elementary School: Parker
- Middle School: Rutherford
- 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), Ductless
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available, High Speed Internet Available, Sewer Available
Structural Information
- Architectural Style: Ranch
- Construction: Block, Stone
- Roof: Metal
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 1960
Additional Structures
- Other Structures: Garage(s), Guest House, RV/Boat Storage, Workshop
Lot Features
- Lot Size (Acres): 2.89
- Lot Size (Sq. Ft.): 125,801
- Lot Size: 2.89
- Lot Dimensions: 284 x 443
- Frontage: Private Road
- Lot Features: Paved
- Zoning: Resid Multi-Family, Resid Single Family
Water Features
- Water Front: Yes
- Water Front Desc.: Other
- Water Front View: Other
Financial Considerations
- Tax Amount: $3,033
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: 12 4S 14W ST A B DEV CO PLAT BEG 208.4' E OF NW COR LOT 46 TH E 430' S 320' W 422.6' N 309.77' TO POB -99.2-118D1 ORB 1181 P 73
- Property ID: 24417-000-000
Listed by Paradise Properties of NW Florida
Sold by Counts Real Estate Group Inc
Get Pre-Approved Today
Schools
Schools serving 5203 E 4th St
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Cedar Grove Elementary School 2826 East 15th Street, Panama City, FL 32405 | PK-5 | 2 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 1.3 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 5203 E 4th St
Date
Details
Price
Change
Source
8/04/2026
Sold
$345,000
-3.9%
MLS
5/23/2026
Price Reduced
$359,000
-9.57%
MLS
3/27/2026
Price Reduced
$397,000
-4.8%
MLS
3/18/2026
Price Reduced
$417,000
-7.33%
MLS
2/01/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5203 E 4th Street, Panama City, FL 32404 (MLS# 784479) is a Single Family property that was sold at $345,000 on August 04, 2026. Want to learn more about 5203 E 4th Street? 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.

