243 Allen Avenue, Panama City, FL 32401

$235,000
: 3
BD
: 1
BA

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Sold Price: $235,000
List Price: $245,000
Closing Date: Dec 31, 2025
MLS#: 780782
Status: CLOSED
Type: Single Family Residential
Subtype: Single Family Residence
Bedrooms: 3
Bathrooms: 1
Lot Size: 7,841
Neighborhood: Bay - Central SW

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Property Description

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Discover this 3-bedroom, 1-bath home nestled in the heart of Panama City's historic Cove neighborhood. Offering timeless charm and strong rental potential with an estimated long-term income of approximately $24,000 per year, this property is perfect for investors or homeowners alike. Features include a metal roof installed in 2016, a brand-new HVAC system installed in April 2025, and a privacy-fenced backyard. Just a half-block from the water's edge and within walking distance to Downtown Panama City's shops, restaurants, and the farmers market, this home blends comfort, convenience, and character. Experience the storybook appeal and unbeatable location of The Cove—where history, community, and opportunity meet.

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Additional Information

Acres: 0.18
Appliances: Electric Oven, Electric Water Heater
Elementary School: Cherry Street
Exterior Features: Patio
High School: Bay
Lot Dimensions: 60 x 132
Lot Features: Paved
Middle School: Jinks
Neighborhood: Bay - Central SW
Project Facilities: Short Term Rental Allowed
Subdivision: No Named Subdivision
Utilities: Electricity Available
Year Built: 1948
Zoning: Resid Single Family