Active

1414 Coastal Highway

Panacea, FL 32346

$242,500 $1,022/Mo

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Overview

Bed

Bath

1,768

Sqft

0.67

Acre(Lot)

Description

Prime Investment Opportunity in the Heart of Panacea! This versatile .67-acre Enterprise-zoned property sits in a prime location right next to the Dollar Store in downtown Panacea, backing up to a serene green space and just a short walk to the water—ideal for fishing enthusiasts and vacationers alike. Currently operating as a successful Airbnb, the fully renovated duplex features two stylish studio-style units, each with its own bathroom and hotel-style kitchenette, generating $100/night per unit. Everything feels fresh and new with updates including new floors, fresh paint, new kitchens, new roofs, and more—offering immediate income potential. Also included is a 1930s single-family home that has been completely gutted, providing a blank canvas for your creative vision. The sellers are offering their own renovation plans to help inspire your design ideas. Whether you're looking to expand your vacation rental portfolio or build out a unique mixed-use space in a growing coastal community, this property offers endless potential.

Property Details

Property Type : Residential

Price : $242,500

AD Id : 52209073

MLS Id : 384561

Beds : 2

Lot Size : 0.67 Acre

Living Area Size : 1,768

Year Built : 1930

County : Wakulla

Subdivision: Ncb 5051

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 2

Bathroom Information

Total Baths: 2 Full Baths: 2

Flooring Information

Plank, Tile, Vinyl
Interior Features

StallShower, WindowTreatments

Appliances: Cooktop, Dryer, Microwave, Refrigerator, Washer
Heating & Cooling

Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, Electric

Building Information

Year Built: 1930

Building Area Total: 1768

Construction Materials: Other, WoodSiding

Stories: 1

Patio And Porch Features: Covered, Deck, Porch

Private Pool: No

View: ParkGreenbelt

Lot Information

Lot Dimensions: 100x300x100x300 Lot Size Acres: 0.67

Property Information

Subdivision: Panacea Source Property Type: Residential Property SubType: Townhouse Property Age: 96

Listing Price Information

Listing Price: $242500

Original Price: $275000

Conventional, FHA, RehabFinancing, UsdaLoan, VaLoan

Tax Information

Parcel Number: 12129-24-5S-02W-000-02976-000 Tax Lot: - Tax Block: A Annual Tax: $1721

Virtual Tour

Virtual Tour (External Link)

Parking Information

Driveway

Homeowners Association Information

Included Fees: None

Community Features: StreetLights, Sidewalks

School Information

Elementary School: OTHER COUNTY Junior High School: OTHER COUNTY Senior High School: OTHER COUNTY
Location Information

Direction: Next to the Dollar Store on Highway 98 - Panacea

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
695 A4 Mashes Sands Roa.., Panacea, FL, 32346	$425,000	2	2	1,332	1,332 SqFt
9A Mashes Sands Road, Panacea, FL, 32346	$349,900	3	3	1,481	1,481 SqFt
9 Mashes Sands Road #J, Panacea, FL, 32346	$450,000	3	3	1,500	1,500 SqFt

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$242,500

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1414 Coastal Highway,
Panacea, FL, 32346

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9 Mashes Sands Road #J,
Panacea, FL, 32346

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9A Mashes Sands Road,
Panacea, FL, 32346

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695 A4 Mashes Sands Road #A4,
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ByOwner last updated this listing 06/10/2026 @ 00:44

MLS: 384561 LISTED BY: Thomas Jacobs, Coldwell Banker Hartung 850-386-6160 SOURCE: TBRMLS