$74,950 pending
1008 cypress avenue , panama city, FL 32401
| Beds 2 | Baths 1 | 1,798 Sqft | 0.13 Acres |
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Property Description
Under contract-accepting backup offers. Investor special in the heart of Panama City! This 2 bedroom, 1 bathroom single-family home offers a prime opportunity for renovation, rental income, or resale. Situated on a quiet street, the property features a functional layout with solid bones and plenty of potential to customize. Ideal for investors or buyers looking to create their own space, this home is being sold as-is and is ready for updates. With the right vision, this fixer-upper could be transformed into a charming primary residence or income-producing property. Conveniently located near downtown, shopping, dining, schools, and local amenities, this property offers both value and upside in a growing area. Panama City continues to see redevelopment and investment, making it attractive for both homeowners and investors. The area offers convenient access to Panama City Beach, Tyndall Air Force Base, and local marinas, while still maintaining a laid-back coastal lifestyle.
General Information
Sale Price: $74,950
Price/SqFt: $42
Status: Pending
MLS#: TB8493785
City: panama city
Post Office: panama city
County: Bay
Subdivision: bayou
Acres: 0.13
Bedrooms:2
Bathrooms:1 (1 full, 0 half)
House Size: 1,798 sq.ft.
Acreage: 0.13 est.
Year Built: 1960
Property Type: Single Family Residence
Style:
Features & Room Sizes
Paved Road: Concrete
Garage: No
Construction: Concrete, Stucco
Exterior Misc: Other
Fireplaces: Yes
Fireplace Description: Living Room
Basement: No
Foundation : Slab
Appliances: Refrigerator
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $1,638
Legal Description: BAYOU PLAT LOT 8 ORB 409 P 516 ORB 1067 P 1041 BLK 3
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Terry Connors, II of THE SHOP REAL ESTATE CO., Phone: 727-593-7777
