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!
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Sold for $75,000
$75,000
535 Palermo Rd, Panama City, FL 32405
3beds
1,337sqft
Townhouse
Built in 1980
3,058 Square Feet Lot
$109,500 Zestimate®
$56/sqft
$1,732 Estimated rent
Home value
$109,500
$94,000 - $125,000
$1,732/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 12:37am
Listed by:
Blake A Woodham 904-434-8493,
The Gulf Coast Property Group
Bought with:
Lynn Boyd, 3210054
Keller Williams Success Realty
Source: CPAR,MLS#: 757027
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
- Dimensions: 11 x 11
Bedroom
- Level: First
- Dimensions: 10 x 10
Bedroom
- Level: Second
- Dimensions: 10 x 11
Interior area
- Total structure area: 1,337
- Total interior livable area: 1,337 sqft
Property
Lot
- Size: 3,058 sqft
- Dimensions: 22 x 139
Details
- Parcel number: 11677026000
- Special conditions: Listed As-Is,Other,See Remarks
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Water Connected
Community & neighborhood
Community
- Community features: Short Term Rental Allowed
Location
- Region: Panama City
- Subdivision: No Named Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2024 | Sold | $75,000-42.3%$56/sqft |
Source:  CPAR #757027 Report a problem | ||
| 6/5/2024 | Pending sale | $130,000$97/sqft |
Source: CPAR #757027 Report a problem | ||
| 5/31/2024 | Price change | $130,000-6.5%$97/sqft |
Source: CPAR #757027 Report a problem | ||
| 5/24/2024 | Pending sale | $139,000$104/sqft |
Source: CPAR #757027 Report a problem | ||
| 5/13/2024 | Listed for sale | $139,000+183%$104/sqft |
Source: CPAR #757027 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,574 +10.1% | $56,059 +10% |
| 2023 | $1,430 +48% | $50,963 +10% |
| 2022 | $966 | $46,330 |
Find assessor info on the county website
Neighborhood: 32405
Nearby schools
GreatSchools rating
- 3/10Northside Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 4/10Mowat Middle SchoolGrades: 6-8Distance: 2.5 mi
- 6/10A. Crawford Mosley High SchoolGrades: 9-12Distance: 1.6 mi
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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