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$325,000

11921 Caruso Dr

Panama City, FL
Active
12
Bedrooms
5
Bathrooms
6,788
Square Feet
0.98
Lot Size (acres)
1981
Year Built
510
Days On Market

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.

Listing Information

Listing Updated
05/30/2026
Listed By
Daniel P McCall, 8506258413 · Counts Real Estate Group Inc, 8502493615
MLS#
773347
Source
Central Panhandle Association of REALTORS
Status
Active

Facts & Features

Location

Community Information

Address
11921 Caruso Dr, Panama City, FL 32404
City
Panama City
County
Bay
Neighborhood
[No Recorded Subdiv]
Zip Code
32404

Architecture

Bedrooms
12
Bathrooms
5
Stories
1
Year Built
1981
Style
Other
Building Area
6,788 sq. ft.
Levels
One
Garage Spaces
0

Features & Amenities

Cooling
Central Air
Heating
Central

Property Features

Lot Size
0.98 Acres
Sewer
Public Sewer
Utilities
Electricity Available

Square Footage

Total
6,788 sq. ft.

Tax & Financial Information

List Price
$325,000
Annual Taxes
$1,585

Schools

98/100
Callaway Elementary School
Elementary · Grades PK–05 · 4.7 mi
City
Panama City
Students
543
Student body
57% White · 25% Black · 9% Two or More Races
Free/reduced lunch
81%
Phone
(850) 767-1241

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
05/12/2025Listed for sale$325,000

Listed by Daniel P McCall · Counts Real Estate Group Inc · 8502493615

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Central Panhandle Association of REALTORS. All rights reserved.

Last Updated: May 30, 2026 at 4:02 AM | Source: Central Panhandle Association of REALTORS | MLS#: 773347

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