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$279,950 Just Listed
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Property Description
Welcome to Coral Spring -- a beautifully constructed 2025 home offering modern design, income potential, and an unbeatable central location in Panama City. Ideally situated, this property places you close to everything: Approximately 2 miles to Downtown Panama City 5 miles to Historic St. Andrews 8 miles to Tyndall Air Force Base 1 mile to Ascension Sacred Heart Bay Hospital 1 mile to Watson's Landing Marina 12 miles to Panama City Beach 22 miles to Mexico Beach This 3-bedroom, 2-bathroom residence has already proven itself as a high-performing asset, generating approximately $30,000 in short- to mid-term rental income over the past 12 months. Whether you're seeking immediate cash flow or a flexible living arrangement, this property delivers. Inside, you'll find a thoughtfully designed floor plan featuring contemporary finishes and low-maintenance, newer construction. The home is available fully furnished for a true turnkey investment opportunity, allowing for seamless continuation as a rental. Alternatively, it can be delivered unfurnished to suit owner-occupants. Perfect as a primary residence, second home, or income-producing property, this nearly new build combines modern comfort with proven performance in one of Panama City's most up-and-coming areas. Additional Opportunity: Property may also be leased at $2,600/month, inclusive of furnishings, linens, utilities, and WiFi.
Full Property Details
Full Property Details for 523 Spring Ave
General
- Price: $279,950
- Taxes: $2,761 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 788002
- Updated: 4/7/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 3
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Location
- County: Bay
- Subdivision: Pine Crest Add To Callaway
- Driving Directions: South on Sherman , East on E 6th to Spring Ave. Right on Spring.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Bungalow
- Sq. Ft. Source: Plans
- Year Built: 2025
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,520
- Lot Size: .17
- Lot Dimensions: 47 x 160
Financial Considerations
- Tax Amount: $2,761
- Tax Year: 2025
Disclosures and Reports
- Legal Description: PINECREST ADD LOT 22 BLK K ORB 4739 P 533
- Property ID: 22669-020-000
Listed by Panhandle Real Estate
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Schools
Schools serving 523 Spring Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 1.3 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.5 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2.1 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 523 Spring Ave
Date
Details
Price
Change
Source
4/07/2026
Listed
$279,950
1299.75%
MLS
10/10/2023
Sold
$20,000
—
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 523 Spring Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,461
979%
$155,841
1106%
2024
$228
-38%
$12,925
21%
2023
$368
3%
$10,650
7%
2022
$356
2%
$9,924
2%
2021
$348
—
$9,682
2%
2021
$348
—
$9,488
—
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 523 Spring Ave
523 Spring Avenue, Panama City, FL 32401 (MLS# 788002) is a Single Family property with 3 bedrooms and 2 full bathrooms. 523 Spring Avenue is currently listed for $279,950 and was received on April 07, 2026. Want to learn more about 523 Spring 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.

