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$825,000
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Property Description
Welcome to this one-of-a-kind custom home on a huge half-acre lot in the heart of historic Panama City. This gorgeous home will surprise you with it's superb craftsmanship and luxury materials, along with unique details you have to see to believe. Classic style with newly refinished wood floors, and all new interior tongue and groove pine walls, with cathedral ceilings. Two large master suites are each complimented by cozy gas fireplaces, walk-in closets, and custom bathrooms with tiled showers. Each have private entrances for accessibility, or future rental capabilities. An additional guest bedroom has access to the 3rd bathroom, conveniently located right off the kitchen. The open living area with new kitchen will impress when entertaining, with sleek quartz countertops and high end kitchen cabinetry. New stainless appliances and under-cabinet lighting provide the finishing touches to this gorgeous kitchen. Modern amenities include Built-in deluxe speakers throughout the home, as well as security and Nest systems that convey. Giant yard is high and dry, with room to store ALL your toys. A large covered porch is your key to a shady afternoon retreat, entertaining guests, or enjoying a relaxing rain shower. 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. An additional concrete patio was prepared, but not yet finished. See pictures for similar design. 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. Furnishings are negotiable.
Full Property Details
Full Property Details for 854 Magnolia Ave
General
- Price: $825,000
- Taxes: $2,872 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 786744
- Updated: 3/13/2026
- Added to Site: 7 day(s) ago
Interior
- Number of Rooms: 5
- Fireplace: Yes
- Fireplace(s): Electric
- Appliances: Gas Oven, Gas Range, Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Pool Description: Other, See Remarks
- Security/Safety: Security System Owned
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Patio, Covered, Porch
Parking
- Parking Features: Additional Parking, Gravel, RV Access/Parking
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: From Hwy 98, South on Harrison Ave, Left/East on 9th St. Property is on South East Corner of 9th St and Magnolia Ave.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Fireplace(s)
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected
Structural Information
- Architectural Style: Craftsman
- Construction: Wood Frame
- Roof: Shingle
- Sq. Ft. Source: Owner
- Year Built: 1938
Lot Features
- Lot Size (Acres): 0.64
- Lot Size (Sq. Ft.): 27,704
- Lot Size: .64
- Lot Dimensions: 100' x 300'
- Frontage: City Street
- Lot Features: Paved
- Fencing (Description): Privacy
Financial Considerations
- Tax Amount: $2,872
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: 4 4S 14W-261-69A BEG AT INT SEC OF S LI OF 9TH ST & E LI OF MAGNOLIA AV TH S 100' E 150' N 100' W 150' TO BEG ORB 4655 P 896
- Property ID: 16721-000-000
Listed by Keller Williams Success Realty
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Schools
Schools serving 854 Magnolia 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 | 0.7 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 0.5 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 854 Magnolia Ave
Date
Details
Price
Change
Source
3/13/2026
Listed
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 854 Magnolia Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,572
13%
$162,850
30%
2024
$2,279
9%
$125,508
9%
2023
$2,096
100%
$115,097
122%
2021
$1,048
-9%
$51,898
-12%
2022
$1,146
9%
$58,993
22%
2021
$1,048
34%
$48,437
—
2019
$784
-2%
$48,523
-8%
2018
$802
3%
$52,964
2%
2017
$779
-2%
$51,953
—
2016
$797
-3%
$51,943
-1%
2015
$825
—
$52,332
-1%
2014
$824
7%
$52,721
-1%
2013
$769
—
$53,111
—
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 854 Magnolia Ave
854 Magnolia Avenue, Panama City, FL 32401 (MLS# 786744) is a Single Family property with 3 bedrooms and 3 full bathrooms. 854 Magnolia Avenue is currently listed for $825,000 and was received on March 13, 2026. Want to learn more about 854 Magnolia 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.

