206 E 2nd Court, Unit A & B
Panama City, FL 32401

$319,000 - Status: Active

Beds: 3

Baths: 2 full

SQFT (H&C): 1,329

MLS# 994435

Rare opportunity in the COVE, Panama City, FL! Two-dwelling properties like this are extremely hard to find! This unique income-producing property features three separate structures, two dwelling units, separate utilities, and brand-new roofs on all buildings, making it an ideal option for investors, house hackers, multi-generational living, or short-term/long-term rental strategies. This home is only 0.5 miles from Harrison Avenue and downtown Panama City, an area that blends historic charm with modern energy. Situated on the shores of St. Andrews Bay, downtown has experienced a resurgence in recent years, with new shops, restaurants, breweries, galleries, and community events revitalizing its historic core. The front home is vacant and fully remodeled (2023) and offers 2 bedrooms, 1 bathroom, and 859 sq. ft. of living space. Updates include a new A/C (2025, under warranty), impact skylight, new appliances, washer & dryer, new plumbing, new flooring, new blinds, and a fully fenced private yard with off-street parking and storage. Previous rent: $1,900/mo. Unit B features 1 bedroom, 1 bathroom, and 470 sq. ft., with a new split A/C (2026), covered patio, private fenced yard, and separate driveway with private alley access! Perfect for rental income, guest suite, or entertainment space. Rented: $900/mo.Each unit has separate electric and water meters, allowing for a true income-producing operation that offers privacy for each unit and simplified property management.A third structure provides dedicated laundry for Unit B and additional storage for both homes, increasing functionality and tenant appeal. Located in the highly desirable Cove area of Panama City, this property offers charm, convenience, and long-term value just minutes from downtown shopping, dining, schools, and the water. This is a unique investment opportunity in one of the city's most established neighborhoods! Measurements are to be verified by Buyer.

Property Features

MLS#: 994435

Zip: 32401

Subdivision: Harmon Plat

Development: 27 - Bay County

Property Type: Residential - Single Family

Cooling: Wall/Window Unit(s), Ceiling Fans, Central Air

Days on Site: 64

Fenced: Yes

Heating: Central

Home Style: Florida Cottage

Lot Size: 0.15 acres

Stories: 1.0

Taxes: $3,729

Year Built: 1934

SQFT (H&C): 1,329

Feature Descriptions

Appliances: Dishwasher, Dryer, Range Hood, Refrigerator, Stove/Oven Electric, Washer

Community Features: Short Term Rental - Allowed

Exterior: Block, Foundation Off Grade, Siding CmntFbrHrdBrd, Tr

Exterior: Fenced Back Yard

Financing Terms: Conventional, FHA, VA, Other

Flooring: Floor Laminate

Lot Description: Within 1/2 Mile to Water

Lot Dimensions: 50 x 130

Parcel Number: 20253000000

Patio/Porch: Porch

Property Condition: Construction Complete

Road Frontage: City Street

Rooms Total: 12

Sewer: Public Sewer

Sub Type: Detached Single Family

Utilities: Electric, Public Water

Room Sizes

Bedroom: 16 X 13 Level - First

Bedroom: 12 X 9 Level - First

Living Room: 17 X 9 Level - First

Kitchen: 20 X 7 Level - First

Full Bathroom: 9 X 5 Level - First

Covered Porch: 15 X 5 Level - First

Laundry: 8 X 4 Level - First

Bedroom: 12 X 9 Level - First

Kitchen: 9 X 7 Level - First

Living Room: 12 X 17 Level - First

Full Bathroom: 7 X 5 Level - First

Storage: 23 X 8 Level - First

Local Schools

High School: Bay

Middle School: Jinks

Elementary School: Cherry Street

206 E 2nd Court, Unit A & B | MLS# 994435

This single family home located at 206 E 2nd Court, Unit A & B, Panama City, FL 32401 is currently listed for sale by Beachy Beach Real Estate, with an asking price of $319,000. This property was built in 1934 and has 3 bedrooms and 2 full baths with 1329 sq. ft. E 2nd Court, Unit A & B is located in the HARMON PLAT subdivision. Search HARMON PLAT real estate on www.beachybeach.com today.