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Wade M. Berlin

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206 2nd Court A & B
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PRICED AT ONLY: $309,000

Address: 206 2nd Court A & B, Panama City, FL 32401

Description

Rare opportunity in the Cove, Panama City! Two dwelling properties like this are hard to find. This already income producing setup includes three structures total: The primary, front house, an entirely separate guest house (ADU), and a storage building with enough space for both homes. The upgrades, separate utility meters, proven rental history, and privacy fencing for each home makes this find ideal for investors, house hacking, multi generational living, or versatile rental strategies! Just mile from Harrison Avenue and downtown Panama City, you're right near the heart of a revitalized waterfront district filled with local shops, restaurants, breweries, galleries, and year round community events along St. Andrews Bay. The front home is fully renovated (2023) and vacant, offering 2 bedrooms, 1 bathroom, and 859 sq. ft. Recent updates include a new A/C (2025, under warranty), impact skylight, appliances, washer & dryer, plumbing, flooring, blinds, a privately fenced yard, spacious off street parking, and designated storage. Previously rented for $1,900/month. The back home features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and its own driveway with alley access perfect for rental income, guests, office space, relative housing, or a private retreat for yourself. It's a versatile space ready to be tailored to your vision. It is currently income producing, bringing in a steady $900 per month. A third structure provides a dedicated laundry room for the back house plus a second room for additional storage, adding convenience and tenant appeal. Separate electric and water meters for each unit allow for streamlined management and true income potential. This property is essentially a 2 for 1 steal! Located in one of Panama City's most established and sought after neighborhoods, this property blends character, convenience, and long term value just minutes from downtown, the bay, and everything that makes the Cove so special! Come see for yourself.

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More Like This
  • MLS#: 784339 ( Residential )
  • Street Address: 206 2nd Court A & B
  • Viewed: 3
  • Price: $309,000
  • Price sqft: $233
  • Waterfront: No
  • Year Built: 1934
  • Bldg sqft: 1329
  • Bedrooms: 3
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 60

Description

Rare opportunity in the Cove, Panama City! Two dwelling properties like this are hard to find. This already income producing setup includes three structures total: The primary, front house, an entirely separate guest house (ADU), and a storage building with enough space for both homes. The upgrades, separate utility meters, proven rental history, and privacy fencing for each home makes this find ideal for investors, house hacking, multi generational living, or versatile rental strategies! Just mile from Harrison Avenue and downtown Panama City, you're right near the heart of a revitalized waterfront district filled with local shops, restaurants, breweries, galleries, and year round community events along St. Andrews Bay. The front home is fully renovated (2023) and vacant, offering 2 bedrooms, 1 bathroom, and 859 sq. ft. Recent updates include a new A/C (2025, under warranty), impact skylight, appliances, washer & dryer, plumbing, flooring, blinds, a privately fenced yard, spacious off street parking, and designated storage. Previously rented for $1,900/month. The back home features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and its own driveway with alley access perfect for rental income, guests, office space, relative housing, or a private retreat for yourself. It's a versatile space ready to be tailored to your vision. It is currently income producing, bringing in a steady $900 per month. A third structure provides a dedicated laundry room for the back house plus a second room for additional storage, adding convenience and tenant appeal. Separate electric and water meters for each unit allow for streamlined management and true income potential. This property is essentially a 2 for 1 steal! Located in one of Panama City's most established and sought after neighborhoods, this property blends character, convenience, and long term value just minutes from downtown, the bay, and everything that makes the Cove so special! Come see for yourself.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Fencing: Fenced
  • Living Area: 0.00
  • Other Structures: GuestHouse, Outbuilding
  • Roof: Composition, Shingle
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: AlleyAccess, Gravel
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans, Ductless, MultiUnits, SeparateMeters
  • Heating: Central, Ductless, Electric
  • Road Frontage Type: CityStreet
  • Sewer: PublicSewer
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Appliances: ElectricOven, ElectricRange, ElectricWaterHeater
  • Interior Features: Storage
  • Legal Description: HARMON PLAT LOT LOT 5 BLK 1 ORB 4707 P 823
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 20253-000-000
  • Style: Florida
  • The Range: 0.00
  • Unit Number: A & B
Nearby Subdivisions
[no Recorded Subdiv]   Bayou Plat   Bayview Add   Bayview Heights   Bry-co Park   Bunkers Cove   Caroline Add Unit 2   Cogburn's 1st Add   Cove   Cove Pointe   Cove Terrace   Cove Terrace 3rd Add   Del-mar Plat   Dell Whatley   Dixie Heights   East Bay Preserve   Ellis, E.d.   Glenwood Addition   Grove Heights   Grove Hill   Gulf Coast Dev Second Addition   Gulfview Addition   Harmon Plat   Holmes Add- Millville   Hursts Replat   Keiths Bay Harbor Add   Lakeside   Lincoln Park 1st Addition   M. N. Kneece Replat   Massalina Bayou Townhouses   N Highland   No Named Subdivision   Oakland Terr Sub 18th   Old Mill Addition   Old Orchard   Old Town Plat   Pine Forest Est Ph 1   Pine Orchards Hgts 1st Add   Pinecrest Add.   Robindale   Rosenwald Heights   Shermans 2nd Add   Springfield   St Andrew Estates   Sudduths 10th Add   Sudduths 1st Add   Sudduths 4th Add   Sudduths 7th Add   Welch Add  
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