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DUAL-DWELLING INCOME POTENTIAL | THE COVE MEETS DOWNTOWN PANAMA CITY Under a majestic canopy of heritage live oaks, among the rare mature trees to stand proud through Hurricane Michael, sits this 1935 coastal cottage and fully equipped detached guest house. Blending historic Southern character with an effective build year of 2015, this property delivers the ideal mix of vintage soul, modern luxury, and unmatched flexibility. With two completely independent dwellings, the possibilities are effortless: live in the main home while generating steady rental revenue from the ADU, rent both units to maximize returns, or create the ultimate private multi-generational compound. A vibrant red front door at the main entrance welcomes you onto the covered porch and into an airy, light-filled open floor plan highlighted by original crown molding, recessed lighting, and a painted brick fireplace. The galley kitchen boasts extensive granite counter space, crisp white cabinetry, subway tile, and stainless steel appliances. Down a subtle step-down transition, the cozy family room offers a quiet retreat overlooking the grounds. The primary retreat features a mini-split system, a walk-in wardrobe, and an ensuite bath with a double granite vanity and a wet-room bath suite, complete with a freestanding soaking tub and custom dual shower fixtures featuring an overhead waterfall fixture. Down the hall, a versatile dedicated home office includes its own closet (readily functioning as an official third bedroom or flex space), while an oversized guest bedroom, full guest bath, and separate laundry/utility room complete the main interior layout. Set privately across the sprawling fenced backyard, the detached studio is fully autonomous. It features its own architectural metal roof, private covered porch, ADA-compliant detachable ramp, dedicated mini-split climate control, tankless water heater, full kitchen with breakfast bar island, and a newly remodeled modern walk-in tile shower. Leave historic home worries behind: documented capital improvements include foundation work by Alpha Foundations (2026), full attic restoration (2025), a 200-Amp electrical service upgrade (2023) equipped with a dedicated smart electric vehicle charger, new concrete walkways, an 8x4 garden shed, and durable metal roofs on both structures. Tucked on a quiet street bordered by beloved neighbors on the edge of The Cove, you enjoy the close-knit camaraderie and storybook charm without sacrificing convenience. Take a golf cart ride across Massalina Bayou to watch sailboats drift against evening sunsets, explore the Panama City Marina, dine and delight in Historic Downtown Panama City's ever-growing cuisine and activity scene, or grab fresh produce at the Saturday Farmers Market, the 6th largest in the nation. Errands and commutes could not be easier with instant access to Hwy 98 and walkable neighborhood staples like CVS and Dollar General. Best of all, having Ascension Sacred Heart Hospital and the Panama City Fire Department just blocks from your door offers unmatched everyday peace of mind.

3 Beds ⋅ 2 Baths ⋅ 1013767 MLS ⋅ 1,579 SqFt.

DUAL-DWELLING INCOME POTENTIAL | THE COVE MEETS DOWNTOWN PANAMA CITY Under a majestic canopy of heritage live oaks, among the rare mature trees to stand proud through Hurricane Michael, sits this 1935 coastal cottage and fully equipped detached guest house. Blending historic Southern character with an effective build year of 2015, this property delivers the ideal mix of vintage soul, modern luxury, and unmatched flexibility. With two completely independent dwellings, the possibilities are effortless: live in the main home while generating steady rental revenue from the ADU, rent both units to maximize returns, or create the ultimate private multi-generational compound. A vibrant red front door at the main entrance welcomes you onto the covered porch and into an airy, light-filled open floor plan highlighted by original crown molding, recessed lighting, and a painted brick fireplace. The galley kitchen boasts extensive granite counter space, crisp white cabinetry, subway tile, and stainless steel appliances. Down a subtle step-down transition, the cozy family room offers a quiet retreat overlooking the grounds. The primary retreat features a mini-split system, a walk-in wardrobe, and an ensuite bath with a double granite vanity and a wet-room bath suite, complete with a freestanding soaking tub and custom dual shower fixtures featuring an overhead waterfall fixture. Down the hall, a versatile dedicated home office includes its own closet (readily functioning as an official third bedroom or flex space), while an oversized guest bedroom, full guest bath, and separate laundry/utility room complete the main interior layout. Set privately across the sprawling fenced backyard, the detached studio is fully autonomous. It features its own architectural metal roof, private covered porch, ADA-compliant detachable ramp, dedicated mini-split climate control, tankless water heater, full kitchen with breakfast bar island, and a newly remodeled modern walk-in tile shower. Leave historic home worries behind: documented capital improvements include foundation work by Alpha Foundations (2026), full attic restoration (2025), a 200-Amp electrical service upgrade (2023) equipped with a dedicated smart electric vehicle charger, new concrete walkways, an 8x4 garden shed, and durable metal roofs on both structures. Tucked on a quiet street bordered by beloved neighbors on the edge of The Cove, you enjoy the close-knit camaraderie and storybook charm without sacrificing convenience. Take a golf cart ride across Massalina Bayou to watch sailboats drift against evening sunsets, explore the Panama City Marina, dine and delight in Historic Downtown Panama City's ever-growing cuisine and activity scene, or grab fresh produce at the Saturday Farmers Market, the 6th largest in the nation. Errands and commutes could not be easier with instant access to Hwy 98 and walkable neighborhood staples like CVS and Dollar General. Best of all, having Ascension Sacred Heart Hospital and the Panama City Fire Department just blocks from your door offers unmatched everyday peace of mind.

549 E 4th Ct, Panama City

$1,500,000

**MAJOR PRICE CORRECTION** Waterfront multigenerational dream home on half an acre, all on one level and fully fenced for privacy, security, and fun. This rare property offers two separate homes, a covered pool, private dock, and tons of parking--perfect for a large family, multi-gen living, or a primary residence with incredible Airbnb/short-term rental potential. The main home is a spacious 3 bedroom, 2 bathroom layout with easy, single-level living, water views and includes a true mother-in-law suite with its own full kitchen, bathroom, and private access that leads directly out to the covered pool area--ideal for extended family, guests, or income-producing space. The second home is also a 3 bedroom, 2 bathroom layout. Multiple living areas, split bedrooms, and separate entrances give everyone room to spread out while still feeling connected. Step outside to your own private resort: a screened/covered pool just steps from both homes, a private dock for boating, fishing, or paddleboarding, and a fully fenced yard with privacy fence and gated entry. The oversized lot (approximately half an acre) offers room for kids, pets, toys, and gatherings, with ample driveway space and parking for cars, RV, or boat. This is an entertainer's paradise and a true lifestyle property--waterfront living, no stairs, multiple kitchens, and flexible spaces that can adapt as your needs change.

7 Beds ⋅ 5 Baths ⋅ 1006674 MLS ⋅ 3,545 SqFt.

**MAJOR PRICE CORRECTION** Waterfront multigenerational dream home on half an acre, all on one level and fully fenced for privacy, security, and fun. This rare property offers two separate homes, a covered pool, private dock, and tons of parking--perfect for a large family, multi-gen living, or a primary residence with incredible Airbnb/short-term rental potential. The main home is a spacious 3 bedroom, 2 bathroom layout with easy, single-level living, water views and includes a true mother-in-law suite with its own full kitchen, bathroom, and private access that leads directly out to the covered pool area--ideal for extended family, guests, or income-producing space. The second home is also a 3 bedroom, 2 bathroom layout. Multiple living areas, split bedrooms, and separate entrances give everyone room to spread out while still feeling connected. Step outside to your own private resort: a screened/covered pool just steps from both homes, a private dock for boating, fishing, or paddleboarding, and a fully fenced yard with privacy fence and gated entry. The oversized lot (approximately half an acre) offers room for kids, pets, toys, and gatherings, with ample driveway space and parking for cars, RV, or boat. This is an entertainer's paradise and a true lifestyle property--waterfront living, no stairs, multiple kitchens, and flexible spaces that can adapt as your needs change.

4374 W County Highway 83a, Freeport

$775,000

Welcome to this gorgeous private estate featuring a sparkling pool with waterfall feature, nestled on just under 9.8 acres in beautiful Northwest Florida. This stunning four-bedroom, three-full-bath home offers the perfect blend of comfort, privacy, and outdoor recreation. Inside you'll find a spacious kitchen designed to impress with white cabinetry accented by glass-style doors, sleek quartz countertops, a gas stove, and stainless steel refrigerator. The thoughtfully designed layout allows multiple rooms along the back of the home to showcase beautiful pool views while also providing direct outdoor access, creating a seamless indoor-outdoor living experience. The front portion of the home offers additional versatility with a formal dining room and a flex space that can easily serve as a home office, second living area, playroom, workout room or additional entertaining space to fit your lifestyle needs. Step outside and experience everything this 9.72-acre property has to offer. A peaceful pond welcomes you near the front of the property, while cleared trails wind throughout the acreage ideal for side-by-sides, ATVs, golf carts, or other outdoor recreational vehicles. Adjacent to the pool area you'll discover a charming cottage-style cabin that adds even more character and functionality to the property. This unique space could serve as quest quarters, additional living space, a private retreat, playhouse, hobby room, or anything else that you can imagine. Surrounded by nature, this property delivers the privacy and serenity many buyers are searching for, complete with a private drive leading from the street up to the home. Whether you're looking for a personal retreat, entertaining space, or acreage to enjoy the outdoors, this one-of-a-kind property offers endless possibilities. SELLERS WILL REPLACE THE ROOF AND SCREENED-IN POOL AREA WITH ACCEPTABLE OFFER!

4 Beds ⋅ 3 Baths ⋅ 1003188 MLS ⋅ 3,136 SqFt.

Welcome to this gorgeous private estate featuring a sparkling pool with waterfall feature, nestled on just under 9.8 acres in beautiful Northwest Florida. This stunning four-bedroom, three-full-bath home offers the perfect blend of comfort, privacy, and outdoor recreation. Inside you'll find a spacious kitchen designed to impress with white cabinetry accented by glass-style doors, sleek quartz countertops, a gas stove, and stainless steel refrigerator. The thoughtfully designed layout allows multiple rooms along the back of the home to showcase beautiful pool views while also providing direct outdoor access, creating a seamless indoor-outdoor living experience. The front portion of the home offers additional versatility with a formal dining room and a flex space that can easily serve as a home office, second living area, playroom, workout room or additional entertaining space to fit your lifestyle needs. Step outside and experience everything this 9.72-acre property has to offer. A peaceful pond welcomes you near the front of the property, while cleared trails wind throughout the acreage ideal for side-by-sides, ATVs, golf carts, or other outdoor recreational vehicles. Adjacent to the pool area you'll discover a charming cottage-style cabin that adds even more character and functionality to the property. This unique space could serve as quest quarters, additional living space, a private retreat, playhouse, hobby room, or anything else that you can imagine. Surrounded by nature, this property delivers the privacy and serenity many buyers are searching for, complete with a private drive leading from the street up to the home. Whether you're looking for a personal retreat, entertaining space, or acreage to enjoy the outdoors, this one-of-a-kind property offers endless possibilities. SELLERS WILL REPLACE THE ROOF AND SCREENED-IN POOL AREA WITH ACCEPTABLE OFFER!

5111 W Pilgrim Trl, Molino