Coastal Vibes Luxury Beach Group

Ranch

7024 Mike Lane

Panama City , FL 32404

MLS#: 785044

$225,000

Status: Active
Listing number: 785044
Listing provided by: Foundation Real Estate Agency LLC
Listing agent phone: None
Last update: 30 minutes ago
New on site today
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[No Recorded Subdiv] - Residential

Property

Beds

3

Full Baths

2

1/2 Baths

None

Year Built

1975

Sq.Footage

N/A

Rare opportunity to acquire a solid brick property at just $107 per square foot with major improvements already completed. This 2,102 sq ft total includes a 1,705 sq ft main home plus a 397 sq ft MIL area. Big-ticket items are already done: roof (2019), gas A/C (2019), gas water heater (2019), updated electrical panel, windows & slider (2017). Both the main home and MIL area are brick construction, adding long-term durability and lower maintenance costs. The property features a 320 sq ft Florida room (40x8) with windows—half enclosed and half screened—providing additional flex space not reflected in standard living square footage. Interior renovations are partially completed, allowing an investor to step in and finish with minimal disruption. Flooring has already been replaced throughout (only a few LVP pieces remain). The master shower was fully tiled in 2021, and the guest bath flooring has been newly tiled. The MIL area is already equipped with water, electrical, sheetrock, ceiling lights, and window A/C. Perfect for fix-and-flip, long-term rental, or multi-generational income strategy. With strong bones, updated systems, and a low price per square foot, this property offers exceptional upside for the right investor or family looking to make this home their own!

Features & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Brick

  • Patio and Porch Features

    Patio, Enclosed

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.34

  • Property Type

    Residential

  • Architectural Style

    Ranch

Price

  • Sales Price

    $225,000

  • Tax Amount

    1580.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Parker

  • Middle School

    Rutherford Middle

  • High School

    Rutherford

Property Features

  • Foundation Details

    Slab

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Location

County

Bay

Elementary School

Parker

Middle School

Rutherford Middle

High School

Rutherford

Listing Courtesy of Angela M Feria , Foundation Real Estate Agency LLC

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Agent Kaitlin Palmer

REALTOR®

Kaitlin Palmer

Call Kaitlin today to schedule a private showing.

(850) 381-2675

Kaitlin@coastalvibeslux.com


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Rare opportunity to acquire a solid brick property at just $107 per square foot with major improvements already completed. This 2,102 sq ft total includes a 1,705 sq ft main home plus a 397 sq ft MIL area. Big-ticket items are already done: roof (2019), gas A/C (2019), gas water heater (2019), updated electrical panel, windows & slider (2017). Both the main home and MIL area are brick construction, adding long-term durability and lower maintenance costs. The property features a 320 sq ft Florida room (40x8) with windows—half enclosed and half screened—providing additional flex space not reflected in standard living square footage. Interior renovations are partially completed, allowing an investor to step in and finish with minimal disruption. Flooring has already been replaced throughout (only a few LVP pieces remain). The master shower was fully tiled in 2021, and the guest bath flooring has been newly tiled. The MIL area is already equipped with water, electrical, sheetrock, ceiling lights, and window A/C. Perfect for fix-and-flip, long-term rental, or multi-generational income strategy. With strong bones, updated systems, and a low price per square foot, this property offers exceptional upside for the right investor or family looking to make this home their own!

7024 Mike Lane

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