Welcome to this one-of-a-kind custom home on a huge half-acre lot in the heart of historic Panama City. This gorgeous home will surprise you with it's superb craftsmanship and luxury materials, along with unique details you have to see to believe. Classic style with newly refinished wood floors, and all new interior tongue and groove pine walls, with cathedral ceilings.
Two large master suites are each complimented by cozy gas fireplaces, walk-in closets, and custom bathrooms with tiled showers. Each have private entrances for accessibility, or future rental capabilities. An additional guest bedroom has access to the 3rd bathroom, conveniently located right off the kitchen.
The open living area with new kitchen will impress when entertaining, with sleek quartz countertops and high end kitchen cabinetry. New stainless appliances and under-cabinet lighting provide the finishing touches to this gorgeous kitchen. Modern amenities include Built-in deluxe speakers throughout the home, as well as security and Nest systems that convey.
Giant yard is high and dry, with room to store ALL your toys. A large covered porch is your key to a shady afternoon retreat, entertaining guests, or enjoying a relaxing rain shower.
Located within minutes to revitalized and booming downtown Panama City, with dozens of restaurants, shops, night spots, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next home, or investing in the future of Panama City, this property has room to add additional dwelling units, pool, parking, outbuildings, and so much more! With Mixed-Use Zoning, there are options for commercial use, live-work situations, and so much more! Also offered as a commercial lease.
An additional concrete patio was prepared, but not yet finished. See pictures for similar design. Alterations to the home can be negotiated. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Furnishings are negotiable.
For sale
$825,000
854 Magnolia Ave, Panama City, FL 32401
3beds
1,708sqft
Est.:
Single Family Residence
Built in 1938
0.64 Acres Lot
$791,500 Zestimate®
$483/sqft
$-- HOA
What's special
Cozy gas fireplacesLuxury materialsSecurity and nest systemsSuperb craftsmanshipPrivate entrancesGuest bedroomGiant yard
- 22 days |
- 418 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: March 16, 2026 at 11:41am
Listed by:
Dennis Nelson 850-348-8262,
Keller Williams Success Realty
Source: CPAR,MLS#: 786744
Originating MLS: Central Panhandle Association of REALTORS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Level: First
- Dimensions: 13.5 x 19.5
Bedroom
- Level: First
- Dimensions: 13.5 x 19.5
Bedroom
- Level: First
- Dimensions: 11.5 x 13.5
Kitchen
- Level: First
- Dimensions: 13.5 x 16
Living room
- Level: First
- Dimensions: 13.5 x 16.5
Heating
- Central, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Gas Oven, Gas Range, Ice Maker
Features
- Has fireplace: Yes
- Fireplace features: Electric
Interior area
- Total structure area: 1,708
- Total interior livable area: 1,708 sqft
Video & virtual tour
Property
Parking
- Parking features: Additional Parking, Gravel, RV Access/Parking
Features
- Patio & porch: Patio, Covered, Porch
- Exterior features: Patio
- Pool features: Other, See Remarks
- Fencing: Privacy
Lot
- Size: 0.64 Acres
- Dimensions: 100' x 300'
- Features: Paved
Details
- Parcel number: 16721000000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- Wood Frame
- Roof: Shingle
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Short Term Rental Allowed
- Security: Security System Owned
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $483/sqft
- Tax assessed value: $125,508
- Annual tax amount: $2,872
- Date on market: 3/13/2026
- Cumulative days on market: 23 days
Estimated market value
$791,500
$752,000 - $831,000
$2,356/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Listed for sale | $825,000+534.6%$483/sqft |
Source: | ||
| 6/17/2022 | Sold | $130,000-16.1%$76/sqft |
Source: | ||
| 6/4/2022 | Pending sale | $155,000$91/sqft |
Source: | ||
| 5/31/2022 | Listed for sale | $155,000+29.2%$91/sqft |
Source: | ||
| 2/28/2006 | Sold | $120,000$70/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,279 +8.7% | $125,508 +9% |
| 2023 | $2,096 +83% | $115,097 +95.1% |
| 2022 | $1,146 | $58,993 |
| 2021 | -- | -- |
| 2020 | $1,006 +28.3% | $48,437 -0.2% |
| 2019 | $784 | $48,523 -8.4% |
| 2018 | $784 -2.2% | $52,964 +1.9% |
| 2017 | $802 +3% | $51,953 +0% |
| 2016 | $779 -5.7% | $51,943 -0.7% |
| 2015 | $825 | $52,332 -0.7% |
| 2014 | $825 | $52,721 -0.7% |
| 2013 | -- | $53,111 -8.6% |
| 2012 | -- | $58,110 -1.3% |
| 2011 | -- | $58,889 -0.7% |
| 2010 | -- | $59,278 -1.9% |
| 2009 | -- | $60,446 -30.1% |
| 2008 | -- | $86,427 +47.1% |
| 2007 | -- | $58,767 +1.7% |
| 2006 | -- | $57,759 +16% |
| 2005 | -- | $49,784 +2.5% |
| 2004 | -- | $48,571 +18.4% |
| 2003 | -- | $41,021 +6.4% |
| 2002 | -- | $38,545 +1.6% |
| 2001 | -- | $37,938 -2.2% |
| 2000 | -- | $38,779 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,824/mo
Principal & interest
$3951
Property taxes
$873
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Climate risks
Neighborhood: 32401
Nearby schools
GreatSchools rating
- 5/10Merriam Cherry Street Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Cherry Street
- Middle: Jinks
- High: Bay
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 32401
- Florida
- Bay County
- Panama City
- 32401
- 854 Magnolia Ave







