505 Palermo Rd

Panama City, FL 32405

$196,600
Last Sold Price
3
Beds
1,401 Sq. Ft.
$140 / Sq. Ft.
1,401
Sq. Ft.
$140
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 9/12/25
Sold 9/12/25

Description

Looking for a move-in ready home that won't break the bank? Welcome to 505 Palermo Road—an updated townhome with solid bones, fresh finishes, and no HOA to hold you back. Whether you're a first-time buyer, an investor, or just looking to simplify life without sacrificing comfort, this one's a winner. Step inside to find stylish LVP flooring throughout the main living area, fresh paint, and a clean layout that gives you space to breathe. The open-concept living and dining combo flows into the kitchen,...Looking for a move-in ready home that won't break the bank? Welcome to 505 Palermo Road—an updated townhome with solid bones, fresh finishes, and no HOA to hold you back. Whether you're a first-time buyer, an investor, or just looking to simplify life without sacrificing comfort, this one's a winner. Step inside to find stylish LVP flooring throughout the main living area, fresh paint, and a clean layout that gives you space to breathe. The open-concept living and dining combo flows into the kitchen, where you've got classic wood cabinetry, plenty of prep space, and a breakfast bar for casual mornings or quick meals on the go. The spacious living area leads to a private fenced backyard—perfect for grilling, pets, or just kicking back under the shade tree. Upstairs, the oversized primary bedroom features an en suite bath. Two additional bedrooms and a full bath round out the upstairs, offering room for family, guests, or a dedicated home office. NO HOA—so say goodbye to surprise fees and hello to freedom. Conveniently located near schools, shopping, and a quick drive to the beach, 505 Palermo is the kind of place that makes sense—whether you're building equity or building a portfolio. Schedule your tour today!
  1. Listed by Joshua Hoey • Think Real Estate

Property Details for 505 Palermo Road

Subdivision Name
Venetian Villa 2nd Add Replat
Zoning Description
Resid Single Family
LISTING UPDATED: 12/02/2025 05:54 AM

Property Details for 505 Palermo Road

StatusSold
MLS #773676
Days on Market62
Taxes$645 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential / Attached / Attached
Year Built1983
Lot Size0.08 AC / 3,484 SF
CountyBay County
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Location

Listing Courtesy of Think Real Estate

Sold By Corcoran Reverie

Add your commute

Building Information for 505 Palermo Road

Stories-Residences-Year Built1983Lot Size0.08 AC / 3,484 SF

Payment Calculator

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$1,012 per month

30 year fixed, 6.15% Interest

Principal and Interest

$958

Property Taxes

$54

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 505 Palermo Road

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: From the Hathaway Bridge traveling east, take 23rd St. and turn left onto Hwy 390. Continue for approximately 3 miles, then turn left onto Venetian Way. Turn left onto Solano Rd which turns slightly onto Palermo Rd. Unit will be on the left.
  • State Region: FL
  • Postal Code: 32405
  • Latitude: 30.218899
  • Longitude: -85.667592
  • State Or Province: FL
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0204 - Bay - Central NW
Taxes and HOA Information
  • Parcel Number: 11677-156-000
  • Association: No
  • Tax Annual Amount: $645.00
  • Tax Legal Description: 17 3S 14W -10.156- 90A ST A B DEV CO PLAT BEG 2177.20' E OF SW COR TH E 22' N 161' W 21.44' S 161.12 TO POB AKA UNIT 3-0 ORB 1342 P 133
  • Tax Year: 2024
School Information
  • Elementary School: Northside
  • High School: Mosley
  • Middle Or Junior School: Mowat
Parking
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 1401.0
  • Lot Features: Paved
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Dimensions: 21.50 x 168
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3528.0
  • Living Area Source: Appraiser
  • Structure Type: Townhouse
Property and Assessments
  • Year Built: 1983
  • New Construction: No
  • Human Modified: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available
Interior and Exterior Features
Exterior Features
  • Fencing: Privacy
  • Community Features: Short Term Rental Allowed
  • Patio And Porch Features: Covered, Porch
Interior Features
  • Flooring: Luxury Vinyl Plank
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 3
  • Rooms Total: 3
  • Cooling: Yes
  • Cooling: Central Air, Ceiling Fans
  • Heating: Yes
  • Heating: Central, Electric
  • Appliances: Electric Range, Electric Water Heater
Room Information
Room 1
  • Room Dimensions: 11 x 9
  • Room Length: 11.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 9.0
Room 2
  • Room Dimensions: 12 x 10
  • Room Length: 12.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 10.0
Room 3
  • Room Dimensions: 15 x 12
  • Room Length: 15.0
  • Room Level: Second
  • Room Type: Primary Bedroom
  • Room Width: 12.0
Multi Family
Multi-Family Information
  • Units Furnished: None
Mobile Home
Mobile Home Information
  • Mobile Dim Units: Feet
Rental
Rental Information
  • Occupant Type: Vacant

Property History for 505 Palermo Road

DateEvent & SourcePriceAppreciation
Sep 12, 2025

Sold

CPAR #773676

$196,600—
Sep 11, 2025

Sold (Public Record)

Public Record #1912696390

$196,600—
Jul 20, 2025

Pending

CPAR #773676

—
May 19, 2025

Listed (Active)

CPAR #773676

$220,000—
Apr 10, 2003

Expired

CPAR #309502

$68,500—
Mar 31, 2003

Listed (Active)

CPAR #309502

$68,500—
DateEvent & SourcePrice
09/12/2025

Sold

CPAR #773676

$196,600
09/11/2025

Sold (Public Record)

Public Record #1912696390

$196,600
07/20/2025

Pending

CPAR #773676

—
05/19/2025

Listed (Active)

CPAR #773676

$220,000
04/10/2003

Expired

CPAR #309502

$68,500
03/31/2003

Listed (Active)

CPAR #309502

$68,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 505 Palermo Road

Taxable ValueLand$18,815Additions$117,830Total$136,645
Tax Record2025$2,158 ($180 / month)
Home Facts
Beds3Total Finished SqFt1,401 SqFtAbove Grade Finished SqFt1,401 SqFtStories2Lot Size3,528 SqFtStyleTownhouseYear Built1983Year Renovated1993ZoningPC05CountyBAYAPN11677-156-000

Schools near 505 Palermo Road

This home is within Bay.
Rating
School
Type
Grades
Distance
Northside Elementary School
Public - PK to 5
Mowat Middle School
Public - 6 to 8
A. Crawford Mosley High School
Public - 9 to 12
University Academy (Sabl, Inc.)
Charter - K to 8
Rating
School
Distance
Northside Elementary School
PublicPK to 5

Mowat Middle School
Public6 to 8

A. Crawford Mosley High School
Public9 to 12

University Academy (Sabl, Inc.)
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Think Real Estate

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.