604 Fernwood Street
Panama City Beach, FL 32407
7
Bed
6
Bath
0.42Acre(Lot)
Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proxim
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 7Bathroom Information
Total Baths: 6 Full Baths: 6Room Information
Rooms Total: 7 -
Heating & Cooling
Has Heating: Yes Heating: VariesByUnit Has Cooling: Yes Cooling: CeilingFans, WindowUnits
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Building Information
Year Built: 1960Building Area Total: 2556Construction Materials: BlockStories: 1Pool Features: InGround, PrivatePrivate Pool: Yes
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Lot Information
Lot Dimensions: 105x168x107x174 Main Square Feet: 0.42 Lot Size Acres: 0.42 Lot Size Square Feet: 18,121 Lot Description: PavedProperty Information
Subdivision: Hutchison's 1st To Bahama Bch Source Property Type: Residential MLS Area Minor: 0320 - Beach - Middle Central Zoning Description: Resid Multi-Family Property SubType: Multi Family Levels: One Property Age: 66
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Listing Price Information
Listing Price: $650000
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Tax Information
Parcel Number: 34201-000-000 Tax Year: 2025 Annual Tax: $5450 Tax Legal Desc: HUTCHISON'S 1ST ADD LOTS 2 & 3 BLK 4 DAUGETTE ADDITION LOT 19 BLK B ORB 2090 P 521
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Virtual Tour
Parking Information
Unpaved
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School Information
Elementary School: Hutchison Beach Junior High School: Surfside Senior High School: Arnold -
Location Information
Direction: From Panama City Beach Pkwy (Back Beach Rd / US-98), turn south onto Richard Jackson Blvd. Continue to Hutchison Blvd (Middle Beach Rd) and turn right (west). Proceed to Lullwater Dr and turn left. Turn left onto Fernwood St. Property will be on the left.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1033 Bay Circle, Panama City Beach, FL, 32407 | $1,200,000 | 3 | 3 | -- | |
| 6215 Big Daddy Drive, Panama City Beach, FL, 32407 | $725,000 | 3 | 3 | -- | |
| 6422 W Highway 98 #1505, Panama City Beach, FL, 32407 | $1,250,000 | 5 | 5 | 3,475 | 3,475 SqFt |
| 929 Marina Drive, Panama City Beach, FL, 32407 | $449,000 | 3 | 2 | -- | |
| 838 Linda Lane, Panama City Beach, FL, 32407 | $190,000 | 3 | 2 | -- | |
| 425 Bay Shore Drive #11, Panama City Beach, FL, 32407 | $755,000 | 2 | 2 | -- | |
| 906 Dolphin Harbour Drive, Panama City Beach, FL, 32407 | $899,999 | 4 | 3 | -- | |
| 6501 Big Daddy Drive, Panama City Beach, FL, 32407 | $135,000 | 3 | 2 | -- | |
| 419 Bay Shore Drive, Panama City Beach, FL, 32407 | $1,900,000 | 5 | 4 | -- | |
| 405 Bay Shore Drive, Panama City Beach, FL, 32407 | $849,000 | 3 | 2 | -- |
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ByOwner last updated this listing 06/27/2026 @ 01:45
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