331 Maine Avenue, Panama City, FL 32401
$237,400
Property Type:
Residential
Bedrooms:
4
Baths:
2
Square Footage:
1,152
Lot Size (sq. ft.):
15,246
Status:
Active
Current Price:
$237,400
List Date:
2/11/2026
Last Modified:
3/06/2026
Description
*****UNDER CONTRACT. SELLER WILL CONSIDER TAKING BACKUP OFFERS.*****
HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS!
This property, once a 4 BR 2 BA, has been converted to a 2-unit rental property, perfect for short- or mid-term rental income or a single-family main house/mother-in-law suite arrangement.
This property has been rented only on Furnished Finder and by word of mouth. Income for 2025 was $28,710!
Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there.
Supplements: WHY THIS PROPERTY IS AWESOME: --Multiple possibilities for living/renting - especially as workforce housing for travel nurses, contractors, and others --2 BR, 1 BA in front, 1 BR, 1 BA in back --Proven income of up to $1,700 for front unit, $1,600/mo for back unit - WOW! --Full kitchen in front, efficient kitchenette in back --SOLD FULLY FURNISHED! --Driveway parking for 4; boat parking is easy! --HUGE backyard on this 75' x 200' lot. Make your own nature oasis or put in a pool! --Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and Gene's Oyster Bar COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!
More Information MLS# 995011
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 206.08
List Date: 2026-02-06
Current Price: $237,400
List Price: $237,400
Location, Tax and Legal
Sub Area: 2702 - Bay - Central SE
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Legal Description: WELCH ADD LOT 2 & N 20.5' OF LOT 3 BLK 5 ORB 4342 P 1957
General Property Info
Sub-Type: Detached Single Family
Design: Beach House
SqFt Source: County PA Records
Immediate Occupancy: Yes
Garage: No
Carport: No
Covered Spaces: 1
Driveway Spaces: 4
Pool: No
Pool Type: None
Apx SqFt(Htd/Cooled): 1152
Bedrooms: 4
Full Baths: 2
Total Bathrooms: 2
# Stories: 1
Year Built: 1945
Acreage: 0.35
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 2457.3
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: *****UNDER CONTRACT. SELLER WILL CONSIDER TAKING BACKUP OFFERS.*****
HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS!
This property, once a 4 BR 2 BA, has been converted to a 2-unit rental property, perfect for short- or mid-term rental income or a single-family main house/mother-in-law suite arrangement.
This property has been rented only on Furnished Finder and by word of mouth. Income for 2025 was $28,710!
Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there.
Construction Status
Construction Complete: 1
Lot/Parcel Access
City Road: 1
Lot Features
Within 1/2 Mile to Water: 1
Construction/Siding
Siding Vinyl: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Zoning
Resid Single Family: 1
Exterior
Fenced Lot-Part: 1
Porch: 1
Interior
Furnished - All: 1
Split Bedroom: 1
Window Treatment All: 1
Financing
Conventional: 1
Appliances
Dryer: 1
Microwave: 1
Refrigerator: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Window/Wall: 1
Ceiling Fans: 1
Bedroom
First: 1
Living Room
First: 1
Rooms
Bedroom: 1
Laundry: 1
Living Room: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 331
Street Name: Maine
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Project Name/Subdivision: WELCH ADDN
Parcel ID: 22512000000
Property Features
Construction Status: Construction Complete
Lot Features: Within 1/2 Mile to Water
Zoning: Resid Single Family
Exterior: Fenced Lot-Part; Porch
Interior: Furnished - All; Split Bedroom; Window Treatment All
Appliances: Dryer; Microwave; Refrigerator; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water
Energy: AC - Window/Wall; Ceiling Fans
Bedroom: First
Living Room: First
Rooms: Bedroom; Laundry; Living Room
Financing: Conventional
Room Information
Bedroom
Level: First
Dimensions: 9.4 x 9.6
Length: 9.40
Width: 9.60
Remarks: Front house
Dimensions: 9.4 x 9.6
Bedroom
Level: First
Dimensions: 9.5 x 15.4
Length: 9.50
Width: 15.40
Remarks: Front house
Dimensions: 9.5 x 15.4
Bedroom
Level: First
Dimensions: 13.1 x 15.7
Length: 13.10
Width: 15.70
Remarks: Back house - used as living room; can be reconverted
Dimensions: 13.1 x 15.7
Bedroom
Level: First
Dimensions: 9.1 x 10.2
Length: 9.10
Width: 10.20
Remarks: Back house
Dimensions: 9.1 x 10.2
Living Room
Level: First
Dimensions: 10.5 x 13.3
Length: 10.50
Width: 13.30
Remarks: Open floor plan
Dimensions: 10.5 x 13.3
Laundry
Level: First
Dimensions: 7.4 x 17.3
Length: 7.40
Width: 17.30
Remarks: Storage/Utility - Located in carport
Dimensions: 7.4 x 17.3
Listing Office:
EXP Realty LLC
Listing Agent:
January M Johnson
Last Updated: March - 06 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.