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Sold for $196,600 on 09/12/25
  • $196,600

    505 Palermo Rd, Panama City, FL 32405

    3beds
    1,401sqft
    Townhouse
    Built in 1983
    3,484.8 Square Feet Lot
    $197,300 Zestimate®
    $140/sqft
    $1,761 Estimated rent

    Home value

    $197,300

    $180,000 - $217,000

    $1,761/mo

    Zestimate® history
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    $1,761/mo

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    $1,234/mo

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    $1,234/mo

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    What's special

    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!

    Zillow last checked: 8 hours ago

    Listing updated: September 12, 2025 at 11:19am

    Listed by:

    Joshua Hoey 850-303-4050,

    Think Real Estate

    Bought with:

    Paul D Gibney, SL3315203

    Corcoran Reverie

    Source: CPAR,MLS#: 773676MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Second
    • Dimensions: 15 x 12
    Bedroom
    • Level: Second
    • Dimensions: 12 x 10
    Bedroom
    • Level: Second
    • Dimensions: 11 x 9
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dryer, Dishwasher, Refrigerator, Washer
    Features
    • Breakfast Bar
    • Flooring: Carpet, Luxury Vinyl Plank
    Interior area
    • Total structure area: 1,401
    • Total interior livable area: 1,401 sqft

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Covered, Porch
    • Fencing: Privacy
    Lot
    • Size: 3,484 sqft
    • Dimensions: 21.50 x 168
    • Features: Paved
    Details
    • Parcel number: 11677156000
    • Zoning description: Resid Single Family

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Electricity Available

    Community & neighborhood

    Location
    • Region: Panama City
    • Subdivision: Venetian Villa 2nd Add Replat

    Other

    Other facts
    • Listing terms: Cash,FHA,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    11/15/2025Listing removed$1,750$1/sqft
    Source: CPAR #781091 Report a problem
    10/31/2025Listed for rent$1,750$1/sqft
    Source: CPAR #781091 Report a problem
    9/12/2025Sold$196,600-1.7%$140/sqft
    Source: CPAR #773676 Report a problem
    7/21/2025Pending sale$200,000$143/sqft
    Source: CPAR #773676 Report a problem
    6/11/2025Price change$200,000-9.1%$143/sqft
    Source: CPAR #773676 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$645 -8.5%$68,892 +3%
    2023$705 +2.7%$66,885 +24%
    2022$686 $53,928

    Find assessor info on the county website

    Neighborhood: 32405

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Northside
    • Middle: Mowat
    • High: Mosley

    Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $197,300
    2% more+ $3,946
    With Zillow Showcase(estimated)
    $201,246