BEDS7
BATHS6 full
SQUARE FEET2,556
MLS#786962
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHutchisons 1st To Bahama Bch
Property Description
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 proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Window Unit(s)
Heating: Varies by Unit
Lot Size: 0.42 Acres
Stories: 1.0
Taxes: $5,450
Year Built: 1960
Feature Descriptions
Community Features: Short Term Rental Allowed
Days on Site: 77
Exterior: Block
Lot: Paved
Lot Dimensions: 105x168x107x174
Parcel#: 34201-000-000
Parking: Unpaved
Parking Notes: Unpaved
Pool: In Ground, Private
Sewer: Public Sewer
Swimming Pool: Yes
Room Sizes
Bedroom: 22 X 20 Level - First
Bedroom: 10 X 11 Level - First
Bedroom: 16 X 11 Level - First
Bedroom: 16 X 11 Level - First
Bedroom: 16 X 11 Level - First
Bedroom: 16 X 11 Level - First
Bedroom: 16 X 11 Level - First
Local Schools
High School: Arnold
Middle School: Surfside
Elementary School: Hutchison Beach
Listed By / Shown By
Listed By
Agency Name: Think Real Estate
Shown By
Agency Title: Premier Property Group
Agency Phone: 850-337-1555
Estimate Your Payment
Estimated Payment
$ 2,090.37 per month $1,446.62 Principal & Interest $454.17 Property Tax $189.58 Homeowner's Insurance
604 Fernwood Street | MLS# 786962
This multi-family property located at 604 Fernwood Street, Panama City Beach, FL 32407 is currently listed for sale with an asking price of $650,000. Search Panama City Beach real estate on www.premierfl.com today.