11921 Caruso Drive
Panama City, FL 32404
12
Bed
5
Bath
0.98Acre(Lot)
Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation. The building is currently vacant and in need of substantial updates—ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 5 Full Baths: 5Room Information
Rooms Total: 12 -
Interior Features
HandicapAccess -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1981Building Area Total: 6788Stories: 1Pool Features: Other, SeeRemarksPrivate Pool: No
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Lot Information
Lot Dimensions: 150x150x285 Main Square Feet: 0.98 Lot Size Acres: 0.98 Lot Size Square Feet: 42,689Property Information
Subdivision: [No Recorded Subdiv] Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 45
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Listing Price Information
Listing Price: $325000
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Tax Information
Parcel Number: 07399-446-000 Tax Year: 2024 Annual Tax: $1585 Tax Legal Desc: 25-4S-13W -1.446- BEG 900' E OF NW COR TH E 150' S 300' W 150' N 300' TO POB LESS RDR/W & ESMT AKA L-103 E BAY PT UNRORB MAP 164A2 ORB 4698 P 2114
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School Information
Elementary School: Callaway Junior High School: Rutherford Middle Senior High School: Rutherford -
Utility Information
ElectricityAvailable -
Location Information
Direction: From hwy 2297 turn right on Caruso, last property on right, right side open
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3600 Basal St, Panama City, FL, 32404 | $303,790 | 3 | 2 | -- | |
| TBD Plantation Drive, Panama City, FL, 32404 | $699,000 | -- | -- | -- | |
| 9410 Pembrook Place, Panama City, FL, 32404 | $278,500 | 3 | 2 | -- | |
| 9027 Crook Hollow Road, Panama City, FL, 32404 | $523,000 | 3 | 3 | -- | |
| 9121 Crook Hollow Road, Panama City, FL, 32404 | $259,900 | 3 | 2 | -- | |
| 10742 S Fork Loop, Panama City, FL, 32404 | $194,800 | 3 | 2 | -- | |
| 13322 Airway Street, Panama City, FL, 32404 | $578,124 | 3 | 3 | -- | |
| 13119 Airway Street, Panama City, FL, 32404 | $799,000 | 4 | 3 | -- | |
| 1806 Highway 2297, Panama City, FL, 32404 | $279,900 | 3 | 2 | -- | |
| 1849 Mallard Drive, Panama City, FL, 32404 | $195,000 | 3 | 2 | -- |
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ByOwner last updated this listing 06/16/2026 @ 19:32
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