Last Sold Price
3 beds1,337 sqft$56/sqft
535 Palermo Rd, Panama City, FL 32405

Description

Discover the potential of this awesome property located in the vibrant city of Panama City, where everything you need is just minutes away. With Publix, Walmart, Winn-Dixie, and an array of shopping and dining options within a 2-minute drive, convenience is at your doorstep. Whether you're looking to earn $40,000-50,000 in flip profits or generate steady rental income of $1,750 per month, this property offers endless possibilities for investors and flippers. Seize this opportunity to invest in Panama...Discover the potential of this awesome property located in the vibrant city of Panama City, where everything you need is just minutes away. With Publix, Walmart, Winn-Dixie, and an array of shopping and dining options within a 2-minute drive, convenience is at your doorstep. Whether you're looking to earn $40,000-50,000 in flip profits or generate steady rental income of $1,750 per month, this property offers endless possibilities for investors and flippers. Seize this opportunity to invest in Panama City's promising real estate market and unlock its potential! Contact us today to know more!
LISTING CLOSED: 06/17/2024 12:00 AM

  1. Listed by Blake A Woodham • The Gulf Coast Property Group

Property Details for 535 Palermo Road

Status
MLS #
757027
Days on Market
21
Taxes
$1,430 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Attached / Attached
Year Built
1980
Lot Size
0.07 AC / 3,058 SF
Waterfront
No
Subdivision Name
No Named Subdivision

Recent comparable sales

Median sold price

$196,600

Avg days on market

62

Sale-to-list ratio

89.6%

Panama City, FL

9 comparable properties found

$195,000 | 545 Palermo Road, Panama City, FL 32405
1/29
1

$195,000

Sold 08/20/26

3
Bedrooms
1,337
Square Feet
0.07
Acres
$196,600 | 505 Palermo Road, Panama City, FL 32405
1/26
2

$196,600

Sold 09/12/25

3
Bedrooms
1,401
Square Feet
0.08
Acres
$160,000 | 3902 Solano Road, Panama City, FL 32405
1/29
3

$160,000

Sold 07/01/26

3
Bedrooms
1,401
Square Feet
0.05
Acres
$165,000 | 3938 Solano Road, Panama City, FL 32405
1/13
4

$165,000

Sold 02/10/26

3
Bedrooms
1,401
Square Feet
0.06
Acres
$315,000 | 1209 Capri Drive, Unit D, Panama City, FL 32405
1/58
5

$315,000

Sold 02/17/26

3
Bedrooms
1,572
Square Feet
0.18
Acres
$251,000 | 118 Ridgecrest Court, Panama City, FL 32405
1/37
6

$251,000

Sold 12/05/24

3
Bedrooms
1,569
Square Feet
0.1
Acres
$290,000 | 1012 Venetian Way, Panama City, FL 32405
1/31
7

$290,000

Sold 11/04/24

3
Bedrooms
1,332
Square Feet
0.23
Acres
8

$90,700

Sold 11/24/25

3
Bedrooms
2
Bathrooms
1,260
Square Feet
0.18
Acres
$244,900 | 1710 Jakes Drive, Panama City, FL 32405
1/24
9

$244,900

Sold 09/23/24

3
Bedrooms
1,459
Square Feet
0.05
Acres

Location

Listing Courtesy of The Gulf Coast Property Group

Sold By Keller Williams Success Realty

Add your commute

Building Information for 535 Palermo Road

Stories-Residences-Year Built1980Building Size-Lot Size0.07 AC / 3,058 SF

Payment Calculator

$500 per month

30 year fixed, 6.55% Interest

Principal and Interest

$381

Property Taxes

$119

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 535 Palermo Road

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: From Ohio Ave, to Tennessee Ave, to Venetian Way, Solano Rd and then Palermo Rd.
  • State Region: FL
  • Postal Code: 32405
  • Latitude: 30.218881
  • Longitude: -85.668766
  • State Or Province: FL
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0204 - Bay - Central NW
Taxes and HOA Information
  • Parcel Number: 11677-026-000
  • Association: No
  • Tax Annual Amount: $1,430.00
  • Tax Legal Description: 17/18 3S 14W -10.21A- COM SW COR TH E 1807.20' FOR POB TH N 139.89' E 22' S 139.89' W 22' TO POB AKA UNIT 2-C ORB 4058 P 1820
  • Tax Year: 2023
School Information
  • Elementary School: Northside
  • High School: Mosley
  • Middle Or Junior School: Mowat
Parking
  • Garage: No
Property
Lot Information
  • Building Area Total: 1337.0
  • Lot Size Dimensions: 22 x 139
  • Living Area Source: Appraiser
  • Structure Type: Townhouse
Property and Assessments
  • Year Built: 1980
  • Human Modified: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Water Connected
Interior and Exterior Features
Exterior Features
  • Community Features: Short Term Rental Allowed
Interior Features
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 3
  • Rooms Total: 3
Room Information
Room 1
  • Room Dimensions: 10 x 11
  • Room Length: 10.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 11.0
Room 2
  • Room Dimensions: 10 x 10
  • Room Length: 10.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 10.0
Room 3
  • Room Dimensions: 11 x 11
  • Room Length: 11.0
  • Room Level: Second
  • Room Type: Primary Bedroom
  • Room Width: 11.0
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 535 Palermo Road

DateEvent & SourcePriceAppreciation
Jun 17, 2024

Sold (Public Record)

Public Record #1534596863

$75,000

+7.5% / yr

Jun 17, 2024

Sold

CPAR #757027

$75,000
Jun 5, 2024

Pending

CPAR #757027

DateEvent & SourcePrice
06/17/2024

Sold (Public Record)

Public Record #1534596863

$75,000

+7.5% / yr

06/17/2024

Sold

CPAR #757027

$75,000
06/05/2024

Pending

CPAR #757027

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

Public Records for 535 Palermo Road

Taxable ValueLand$18,815Additions$45,074Total$63,889
Tax Record2025$1,009 ($84 / month)
Home Facts
Beds3Total Finished SqFt1,337 SqFtAbove Grade Finished SqFt1,337 SqFtStories2Lot Size3,049 SqFtStyleTownhouseYear Built1980Year Renovated1990CountyBAYAPN11677-026-000

Schools near 535 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: 535 Palermo Road, Panama City, FL 32405
$75,000
3
1,337
3,058
$70,000
3
3
1,447
3,985
$53,000
3
1,337
3,750
$77,000
3
2.5
1,337
3,958
$225,000
3
1,337
4,495
$73,000
3
1,463
1,200

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 The Gulf Coast Property Group

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.