Last Sold Price
3 beds1,522 sqft$151/sqft
507 Palermo Rd, Panama City, FL 32405

Description

This spacious home is clean and move in ready in Panama City! BRAND NEW Roof, HVAC, windows, stainless steel appliances, shaker cabinets, light fixtures, ceiling fans, vanities and new flooring throughout. Home has fresh paint inside and out. Kitchen has a gorgeous new granite island with plenty of countertop space and new shaker cabinets. Don't miss your opportunity to own this beautifully remodeled home! Flood Zone X. No HOA.This spacious home is clean and move in ready in Panama City! BRAND NEW Roof, HVAC, windows, stainless steel appliances, shaker cabinets, light fixtures, ceiling fans, vanities and new flooring throughout. Home has fresh paint inside and out. Kitchen has a gorgeous new granite island with plenty of countertop space and new shaker cabinets. Don't miss your opportunity to own this beautifully remodeled home! Flood Zone X. No HOA.
LISTING CLOSED: 11/03/2023 12:00 AM

  1. Listed by Khuslen Erkhbayar • World Impact Real Estate

Property Details for 507 Palermo Road

Status
MLS #
745231
Days on Market
30
Taxes
$1,760 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Attached / Attached
Year Built
1983
Lot Size
0.10 AC / 4,495 SF
Waterfront
No
Subdivision Name
Venetian Villa
Zoning Description
Resid Multi-Family

Recent comparable sales

Median sold price

$240,000

Avg days on market

98

Sale-to-list ratio

88.4%

Panama City, FL

9 comparable properties found

$196,600 | 505 Palermo Road, Panama City, FL 32405
1/26
1

$196,600

Sold 09/12/25

3
Bedrooms
1,401
Square Feet
0.08
Acres
$195,000 | 545 Palermo Road, Panama City, FL 32405
1/29
2

$195,000

Sold 08/20/26

3
Bedrooms
1,337
Square Feet
0.07
Acres
$240,000 | 808 Baldwin Rowe Circle, Unit 808, Panama City, FL 32405
1/31
3

$240,000

Sold 05/19/25

3
Bedrooms
1,702
Square Feet
Unavailable
Acres
$251,000 | 118 Ridgecrest Court, Panama City, FL 32405
1/37
4

$251,000

Sold 12/05/24

3
Bedrooms
1,569
Square Feet
0.1
Acres
$245,000 | 1204 Baldwin Rowe Circle, Unit 1204, Panama City, FL 32405
1/32
5

$245,000

Sold 04/11/25

3
Bedrooms
1,654
Square Feet
0.25
Acres
$165,000 | 3938 Solano Road, Panama City, FL 32405
1/13
6

$165,000

Sold 02/10/26

3
Bedrooms
1,401
Square Feet
0.06
Acres
$160,000 | 3902 Solano Road, Panama City, FL 32405
1/29
7

$160,000

Sold 07/01/26

3
Bedrooms
1,401
Square Feet
0.05
Acres
$244,900 | 1710 Jakes Drive, Panama City, FL 32405
1/24
8

$244,900

Sold 09/23/24

3
Bedrooms
1,459
Square Feet
0.05
Acres
$252,900 | 1704 Jakes Drive, Panama City, FL 32405
1/38
9

$252,900

Sold 08/15/25

3
Bedrooms
1,484
Square Feet
0.05
Acres

Location

Listing Courtesy of World Impact Real Estate

Sold By Beachy Beach Real Estate

Add your commute

Building Information for 507 Palermo Road

Stories-Residences-Year Built1983Building Size-Lot Size0.10 AC / 4,495 SF

Payment Calculator

$1,316 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,169

Property Taxes

$147

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 507 Palermo Road

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: North on 390, turn left on Venetian Way, and left on Solano Rd. Unit is on first corner on left where Solano Rd becomes Palermo Rd. If you go straight on Solano Road you will enter the driveway to 507 Palermo Rd.
  • State Region: FL
  • Postal Code: 32405
  • Latitude: 30.218884
  • Longitude: -85.667667
  • State Or Province: FL
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0204 - Bay - Central NW
  • Accessibility Features: Accessible Washer Dryer, Visitor Bathroom
Taxes and HOA Information
  • Parcel Number: 11677-155-000
  • Association: No
  • Tax Annual Amount: $1,760.00
  • Tax Legal Description: 17 3S 14W -10.155- 90A ST A B DEV CO PLAT BEG 2150.20' E OF SW COR TH E 27' N 161.12' W 30.25' S 147.63' TO POB UNIT 4-0 ORB 1437 P 1666
  • Tax Year: 2022
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: 1522.0
  • Lot Size Dimensions: 29x155
  • Living Area Source: Appraiser
  • Structure Type: Townhouse
Property and Assessments
  • Development Status: Remodeled Upgraded
  • Year Built: 1983
  • Human Modified: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Water Connected
Interior and Exterior Features
Exterior Features
  • Community Features: Short Term Rental Allowed
  • Construction Materials: Frame, Hardiplank Type
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch
  • Roof: Shake
Interior Features
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 3
  • Rooms Total: 6
  • Cooling: Yes
  • Cooling: Central Air, Ceiling Fans, Energy Star Qualified Equipment
  • Heating: Yes
  • Heating: Electric, Energy Star Qualified Equipment, Forced Air
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Appliances: Electric Range, Electric Water Heater
Room Information
Room 1
  • Room Dimensions: 8 x 11
  • Room Length: 8.0
  • Room Level: First
  • Room Type: Kitchen
  • Room Width: 11.0
Room 2
  • Room Dimensions: 15 x 12
  • Room Length: 15.0
  • Room Level: Second
  • Room Type: Primary Bedroom
  • Room Width: 12.0
Room 3
  • Room Dimensions: 12.5 x 10
  • Room Length: 12.5
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 10.0
Room 4
  • Room Dimensions: 18.8 x 13.6
  • Room Length: 18.8
  • Room Level: First
  • Room Type: Living Room
  • Room Width: 13.6
Room 5
  • Room Dimensions: 11 x 9
  • Room Length: 11.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 9.0
Room 6
  • Room Dimensions: 14 x 10
  • Room Length: 14.0
  • Room Level: First
  • Room Type: Dining Room
  • Room Width: 10.0
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 507 Palermo Road

DateEvent & SourcePriceAppreciation
Nov 3, 2023

Sold (Public Record)

Public Record #1522926636

$230,000

+290.0% / yr

Nov 3, 2023

Sold

CPAR #745231

$230,000
Oct 5, 2023

Pending

CPAR #745231

DateEvent & SourcePrice
11/03/2023

Sold (Public Record)

Public Record #1522926636

$230,000

+290.0% / yr

11/03/2023

Sold

CPAR #745231

$230,000
10/05/2023

Pending

CPAR #745231

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

Public Records for 507 Palermo Road

Taxable ValueLand-Additions-Total-
Tax Record2025$2,547 ($212 / month)
Home Facts
Beds3Total Finished SqFt1,481 SqFtAbove Grade Finished SqFt1,481 SqFtStories2Lot Size4,487 SqFtStyleTownhouseYear Built1983Year Renovated2013ZoningPC05CountyBAYAPN11677-155-000

Schools near 507 Palermo Road

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 507 Palermo Road, Panama City, FL 32405
$230,000
3
1,522
4,495
$196,600
3
1,401
3,484
$85,000
3
1,401
3,542
3
3
1,401
3,049
$85,000
3
3
1,401
3,267
$219,000
3
1,401
2,214

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of World Impact 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.