331 Maine Avenue, Panama City, FL 32401

New Listing
$237,500
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,152 Lot Size (sq. ft.): 15,246 Status: Active
Current Price: $237,500 List Date: 2/11/2026 Last Modified: 2/15/2026

Description

*****UNDER CONTRACT. SELLER WILL CONSIDER TAKING BACKUP OFFERS.***** HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This property, once a 4 BR 2 BA, has been converted to a 2-unit rental property, perfect for short- or mid-term rental income or a single-family main house/mother-in-law suite arrangement. This property has been rented only on Furnished Finder and by word of mouth. Income for 2025 was $28,710! Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there.

Supplements: WHY THIS PROPERTY IS AWESOME: --Multiple possibilities for living/renting - especially as workforce housing for travel nurses, contractors, and others --2 BR, 1 BA in front, 1 BR, 1 BA in back --Proven income of up to $1,700 for front unit, $1,600/mo for back unit - WOW! --Full kitchen in front, efficient kitchenette in back --SOLD FULLY FURNISHED! --Driveway parking for 4; boat parking is easy! --HUGE backyard on this 75' x 200' lot. Make your own nature oasis or put in a pool! --Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and Gene's Oyster Bar COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!

More Information MLS# 995011

Status Change Info

Status: Active

Contract Info

List Date: 2026-02-06 Current Price: $237,500 List Price: $237,500 List Price/SqFt: 206.16 Listing Board: Emerald Coast

Location Tax and Legal

Area: 27 - Bay County Street #: 331 Street Name: Maine Street Suffix: Avenue State: FL Zip Code: 32401 County: Bay Project Name/Subdivision: WELCH ADDN Parcel ID: 22512000000

General Property Info

Sub-Type: Detached Single Family Design: Beach House Apx SqFt(Htd/Cooled): 1152 SqFt Source: County PA Records Bedrooms: 4 Full Baths: 2 Total Bathrooms: 2 # Stories: 1 Year Built: 1945 Immediate Occupancy: Yes Garage: No Carport: No Covered Spaces: 1 Driveway Spaces: 4 Acreage: 0.35 Pool: No Pool Type: None

Property Features

Construction Status: Construction Complete Lot Features: Within 1/2 Mile to Water Zoning: Resid Single Family Exterior: Fenced Lot-Part; Porch Interior: Furnished - All; Split Bedroom; Window Treatment All Appliances: Dryer; Microwave; Refrigerator; Stove/Oven Electric; Washer Utilities: Electric; Public Sewer; Public Water Energy: AC - Window/Wall; Ceiling Fans Bedroom: First Living Room: First Rooms: Bedroom; Laundry; Living Room Financing: Conventional

Room Information

Bedroom Level: First Dimensions: 9.4 x 9.6 Length: 9.40 Width: 9.60 Remarks: Front house Dimensions: 9.4 x 9.6 Bedroom Level: First Dimensions: 9.5 x 15.4 Length: 9.50 Width: 15.40 Remarks: Front house Dimensions: 9.5 x 15.4 Bedroom Level: First Dimensions: 13.1 x 15.7 Length: 13.10 Width: 15.70 Remarks: Back house - used as living room; can be reconverted Dimensions: 13.1 x 15.7 Bedroom Level: First Dimensions: 9.1 x 10.2 Length: 9.10 Width: 10.20 Remarks: Back house Dimensions: 9.1 x 10.2 Living Room Level: First Dimensions: 10.5 x 13.3 Length: 10.50 Width: 13.30 Remarks: Open floor plan Dimensions: 10.5 x 13.3 Laundry Level: First Dimensions: 7.4 x 17.3 Length: 7.40 Width: 17.30 Remarks: Storage/Utility - Located in carport Dimensions: 7.4 x 17.3
Listing Office: EXP Realty LLC
Last Updated: February - 15 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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