TREMENDOUS BEACH INVESTMENT OPPORTUNITY! This large parcel is almost 1/2 an acre of valuable income producing property. So many options and no restrictions on rentals! The main house (aprox 1550 sq feet) is a well maintained 3/2 with an open living plan and 2 car garage. An attached 1/1 bath apartment is perfect for short term rentals! The outside includes a new metal roof , oversized 2 car garage and a well and sprinkler system for the nicely landscaped yard . ALSO included is the lot at the NE corner of Laurie and Terrell that has a 1984 mobile home with a long term tenant.All these units could be long or short term rentals with a tremendous potential for income. The mobile home could be removed for new construction. The sky's the limit for the smart investor!
Sold for $475,000 on 11/11/22
$475,000
8614 Terrell St, Panama City Beach, FL 32408
6beds
3,644sqft
Multi Family
Built in 1984
-- sqft lot
$486,000 Zestimate®
$130/sqft
$1,982 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 06, 2025 at 12:16pm
Listed by:
Susan Morrison 850-624-9696,
Coldwell Banker Carroll Realty
Bought with:
Danny Burnett
Keller Williams Success Realty
Source: CPAR,MLS#: 727757
Originating MLS: Central Panhandle Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Description: Main
- Area: 262.8
- Dimensions: 18 x 14.6
Bedroom
- Description: Apartment
- Area: 199.8
- Dimensions: 18 x 11.1
Bedroom
- Description: main
- Area: 237.8
- Dimensions: 16.4 x 14.5
Bedroom
- Description: Main
- Area: 123.17
- Dimensions: 11.3 x 10.9
Garage
- Description: One enclosed / one open
- Area: 1440
- Dimensions: 40 x 36
Kitchen
- Description: Main
- Area: 176
- Dimensions: 17.6 x 10
Laundry room
- Description: Main
- Area: 32.48
- Dimensions: 5.8 x 5.6
Living room
- Description: Main
- Area: 246.4
- Dimensions: 17.6 x 14
Living room
- Description: Apartment (combo Living, Dining, and Kitchen
- Area: 306
- Dimensions: 18 x 17
Heating
- Central, Electric, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Electric Oven, Electric Water Heater
- Laundry: Washer Hookup, Dryer Hookup
Features
- Breakfast Bar
- Furnished: Yes
Interior area
- Total interior livable area: 3,644 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
- Details: Driveway Spaces:4.00
Features
- Exterior features: Storage
- Fencing: Partial
Lot
- Size: 0.45 Acres
- Dimensions: 100 x 130 and 100 x 67
Details
- Parcel number: 30201162000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1984
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Cable Connected, Septic Available, Water Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Short Term Rental Allowed
Location
- Region: Panama City Beach
- Subdivision: Adventure Inn Park Unit #1
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved