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523 Spring Avenue

Panama City, FL 32401
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Bed 3

Bed

Bath 2

Bath

Acres0.17

Acre(Lot)

Welcome to Coral Spring -- a beautifully constructed 2025 home offering modern design, income potential, and an unbeatable central location in Panama City. Ideally situated, this property places you close to everything: Approximately 2 miles to Downtown Panama City 5 miles to Historic St. Andrews 8 miles to Tyndall Air Force Base 1 mile to Ascension Sacred Heart Bay Hospital 1 mile to Watson's Landing Marina 12 miles to Panama City Beach 22 miles to Mexico Beach This 3-bedroom, 2-bathroom residence has already proven itself as a high-performing asset, generating approximately $30,000 in short- to mid-term rental income over the past 12 months. Whether you're seeking immediate cash flow or a flexible living arrangement, this property delivers. Inside, you'll find a thought fully designed floor plan featuring contemporary finishes and low-maintenance, newer construction. The home is available fully furnished for a true turnkey investment opportunity, allowing for seamless continuation as a rental. Alternatively, it can be delivered unfurnished to suit owner-occupants. Perfect as a primary residence, second home, or income-producing property, this nearly new build combines modern comfort with proven performance in one of Panama City's most up-and-coming areas. Additional Opportunity: Property may also be leased at $2,600/month, inclusive of furnishings, linens, utilities, and WiFi.

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Detail Ic Property Details

Property Type : Residential

Price : $279,950

AD Id : 76847618

MLS Id : 788002

Beds : 3

Lot Size : 0.17 Acre

Year Built : 2025

County : Bay

Subdivision: Towers Of Key Biscayne Co

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 3

  • Building Information

    Year Built: 2025
    Building Area Total: 1183
    Private Pool: No

  • Lot Information

    Lot Dimensions: 47 x 160 Main Square Feet: 0.17 Lot Size Acres: 0.17 Lot Size Square Feet: 7,520

    Property Information

    Subdivision: Pine Crest Add To Callaway Source Property Type: Residential MLS Area Minor: 0202 - Bay - Central SE Property SubType: Single Family Residence Property Age: 1

  • Listing Price Information

    Listing Price: $279950

  • Tax Information

    Parcel Number: 22669-020-000 Tax Year: 2025 Annual Tax: $2761 Tax Legal Desc: PINECREST ADD LOT 22 BLK K ORB 4739 P 533

  • School Information

    Elementary School: Cherry Street Junior High School: Jinks Senior High School: Bay
  • Location Information

    Direction: South on Sherman , East on E 6th to Spring Ave. Right on Spring.
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ByOwner last updated this listing 06/08/2026 @ 02:00

MLS: 788002 LISTED BY: Thomas Bachelder, Panhandle Real Estate 850-522-8955 SOURCE: CPAR

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