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New construction
  • Price cut: $10K (8/8)
    $239,900

    819 Russ Lake Dr, Panama City, FL 32404

    5beds
    2,260sqft
    : 
    Duplex, Multi Family
    Built in 1971
    -- sqft lot
    $-- Zestimate®
    $106/sqft
    $-- HOA

    What's special

    Rv hookupsSizable bedroomsNew roofEnsuite bathroomIndoor laundryCorner lotNew windows
    Investor & Builder Alert! Multi-Use Duplex with Expansion Potential--FHA 203(k) Eligible!Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31-acre corner lot in a mixed-use zone--and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single-family home, or simply maximize rental income, the possibilities here are huge.Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters--perfect for long-term tenants or short-term rental flexibility.Renovations are underway and include:✔️ New windows, subfloor, PEX plumbing & electrical wiring✔️ New HVAC system & ductwork (upstairs)✔️ Recessed lighting throughout✔️ Tankless water heater✔️ New roof (2019), new siding, exterior stairs to upper unit✔️ RV hookups + large storage shedPublic utilities + natural gas onsite. Located in a quiet neighborhood just 7 miles from Tyndall AFB and 25 minutes to Panama City Beach--home to the world's most beautiful beaches.Bonus: Construction materials on site convey with sale.This is a rare chance to capitalize on Springfield's growth. Schedule your showing today and bring your vision to life!
    166 days
    on Zillow
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    441
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    16
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    Zillow last checked: 7 hours ago

    Listing updated: August 08, 2025 at 09:57am

    Listed by:

    Catriese M Johnson 850-687-7487,

    Coldwell Banker Realty

    Source: CPAR,MLS#: 769484MLS LogoOriginating MLS: Central Panhandle Association of REALTORS
    Travel times

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    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Bedroom, Primary Bathroom, Primary Bedroom
    Primary bedroom
    • Level: Second
    • Area: 0
    • Dimensions: 0 x 0
    Bedroom
    • Level: Second
    • Area: 0
    • Dimensions: 0 x 0
    Bedroom
    • Level: Second
    • Area: 0
    • Dimensions: 0 x 0
    Bedroom
    • Level: First
    • Area: 0
    • Dimensions: 0 x 0
    Primary bathroom
    • Level: First
    • Area: 0
    • Dimensions: 0 x 0
    Heating
    • Central
    Cooling
    • Central Air
    Interior area
    • Total interior livable area: 2,260 sqft

    Property

    Features
    • Pool features: None
    Lot
    • Size: 0.31 Acres
    • Dimensions: 97 x 140
    Details
    • Parcel number: 15033000000

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Condition
    • Under Construction
    • New construction: Yes
    • Year built: 1971

    Community & HOA

    Community
    • Features: Short Term Rental Allowed
    • Subdivision: No Named Subdivision
    HOA
    • Has HOA: No
    Location
    • Region: Panama City

    Financial & listing details

    • Price per square foot: $106/sqft
    • Tax assessed value: $74,017
    • Annual tax amount: $1,352
    • Date on market: 2/27/2025
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