This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/38
$225,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/38
Property Description
Rare opportunity to acquire a solid brick property at just $107 per square foot with major improvements already completed. This 2,102 sq ft total includes a 1,705 sq ft main home plus a 397 sq ft MIL area. Big-ticket items are already done: roof (2019), gas A/C (2019), gas water heater (2019), updated electrical panel, windows & slider (2017). Both the main home and MIL area are brick construction, adding long-term durability and lower maintenance costs. The property features a 320 sq ft Florida room (40x8) with windows-half enclosed and half screened-providing additional flex space not reflected in standard living square footage. Interior renovations are partially completed, allowing an investor to step in and finish with minimal disruption. Flooring has already been replaced throughout (only a few LVP pieces remain). The master shower was fully tiled in 2021, and the guest bath flooring has been newly tiled. The MIL area is already equipped with water, electrical, sheetrock, ceiling lights, and window A/C. Perfect for fix-and-flip, long-term rental, or multi-generational income strategy. With strong bones, updated systems, and a low price per square foot, this property offers exceptional upside for the right investor or family looking to make this home their own!
Full Property Details
Full Property Details for 7024 Mike Ln
General
- Price: $225,000
- Taxes: $1,580 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 785044
- Updated: 2/11/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 3
- Appliances: Gas Cooktop, Gas Oven, Gas Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Enclosed, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: [No Recorded Subdiv]
- Driving Directions: Follow Hwy 98 through Callaway. Left on Cherry Street. Right on S Berthe. Left on Hugh Drive. Right on Miles Dr. Left on Mike Lane. House on right.
School Information
- Elementary School: Parker
- Middle School: Rutherford Middle
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Natural Gas
Structural Information
- Architectural Style: Ranch
- Construction: Brick
- Roof: Shingle
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 1975
Additional Structures
- Other Structures: Guest House
Lot Features
- Lot Size (Acres): 0.34
- Lot Size (Sq. Ft.): 14,985
- Lot Size: .34
- Lot Dimensions: 100 x 150
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $1,580
- Tax Year: 2025
Disclosures and Reports
- Legal Description: CALLAWAY SHORES UNIT 3 LOT 107 (132A3) BLK D ORB 4622 P 974
- Property ID: 06989-308-000
Listed by Foundation Real Estate Agency LLC
Get Pre-Approved Today
Schools
Schools serving 7024 Mike Ln
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Parker Elementary School 640 South Highway 22 A, Panama City, FL 32404 | PK-5 | 1.9 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 3.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7024 Mike Ln
Date
Details
Price
Change
Source
2/11/2026
Listed
$225,000
38.89%
MLS
5/12/2017
Sold
$162,000
—
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 7024 Mike Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,580
3%
$156,097
3%
2024
$1,528
3%
$151,698
3%
2023
$1,489
12%
$147,280
6%
2021
$1,324
-1%
$138,825
-3%
2022
$1,339
1%
$142,990
12%
2021
$1,324
11%
$127,411
-1%
2019
$1,194
-6%
$128,218
-6%
2018
$1,264
—
$136,912
—
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 7024 Mike Ln
7024 Mike Lane, Panama City, FL 32404 (MLS# 785044) is a Single Family property with 3 bedrooms and 2 full bathrooms. 7024 Mike Lane is currently listed for $225,000 and was received on February 11, 2026. Want to learn more about 7024 Mike Lane? 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.

