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$525,000

5045 Highway 98

Panama City, FL
Active
5
Bedrooms
2
Bathrooms
1,800
Square Feet
0.28
Lot Size (acres)
1930
Year Built
205
Days On Market

Welcome to this one-of-a-kind custom home with superb craftsmanship and luxury materials, along with unique details you have to see to believe. Classic style with brick dual sided fireplace, newly refinished wood floors, high ceilings, and modern amenities. Spacious living and open area for everyone, and lots of options for 5 bedrooms! The open living area with new kitchen will impress when entertaining, with gorgeous granite countertops and all new kitchen and stainless appliances. Giant yard is high and dry, with room to store ALL your toys. A large covered porch is your key to a shady afternoon retreat, entertaining guests, or enjoying a relaxing rain shower. Head on out to your new fireplace veranda for quiet night by the fire. Plenty off room for a pool or an additional storage building! A fully fenced yard for your privacy and security. Located within minutes to revitalized and booming downtown Panama City, with dozens of restaurants, shops, night spots, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next home, or investing in the future of Panama City, this property has room to add additional dwelling units, pool, parking, outbuildings, and so much more! With Mixed-Use Zoning, there are options for commercial use, live-work situations, and so much more! Also offered as a commercial lease. Close proximity to Tyndall Air Force Base is great for future rentals, or customers! Alterations to the home can be negotiated. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Furniture is virtually staged except for a few pieces that are negotiable.

Listing Information

Listing Updated
08/28/2026
Listed By
Dennis Nelson, 8503488262 · Keller Williams Success Realty, 8502490313
MLS#
786756
Source
Central Panhandle Association of REALTORS
Status
Active

Facts & Features

Location

Community Information

Address
5045 E Highway 98, Panama City, FL 32404
City
Panama City
County
Bay
Neighborhood
W H Parker
Zip Code
32404

Architecture

Bedrooms
5
Bathrooms
2
Year Built
1930
Style
Craftsman
Construction Materials
Wood Siding, Frame
Building Area
1,800 sq. ft.
Roof
Shingle
Garage Spaces
0

Features & Amenities

Appliances
Electric Water Heater, Electric Oven
Exterior Features
Fire Pit
Patio and Porch
Covered, Patio, Porch
Cooling
Central Air
Heating
Fireplace(s), Central

Property Features

Lot Size
0.28 Acres
Sewer
Public Sewer

Square Footage

Total
1,800 sq. ft.

Tax & Financial Information

List Price
$525,000
Annual Taxes
$1,723

Schools

84/100
Amikids Maritime Academy
High · Grades 09–12 · 4 mi
City
Panama City
Students
26
Student–teacher
5.2
Parent reviews
5.0★ avg · 2 reviews
Student body
62% White · 19% Hispanic / Latino · 19% Two or More Races
Free/reduced lunch
23%
Phone
(850) 919-2213
74/100
Springfield Elementary School
Grades M–M · 2.1 mi
City
Panama City
Students
409
Student–teacher
12.3
Student body
44% Black · 32% White · 15% Hispanic / Latino
Free/reduced lunch
75%
Phone
(850) 767-4575
68/100
Oscar Patterson Academy
Elementary · Grades PK–04 · 3.5 mi
City
Panama City
Students
394
Student–teacher
15.1
Student body
46% Black · 24% White · 22% Hispanic / Latino
Free/reduced lunch
71%
Phone
(850) 767-1610
61/100
Oscar Patterson Elementary Magnet
Grades M–M · 3.5 mi
City
Panama City
Students
367
Parent reviews
1.0★ avg · 2 reviews
Student body
50% Black · 37% White · 7% Hispanic / Latino
Free/reduced lunch
92%
Phone
(850) 767-4675
61/100
C C Washington Academy
Grades M–M · 3.5 mi
City
Panama City
Students
103
Student body
45% White · 43% Black · 8% Hispanic / Latino
Free/reduced lunch
97%
Phone
(850) 767-5576
56/100
Tyndall Academy
Elementary · Grades PK–08 · 3.4 mi
City
Tyndall Afb
Students
800
Student body
55% White · 15% Hispanic / Latino · 15% Black
Free/reduced lunch
41%
Phone
(850) 767-1714
55/100
Bay High School
High · Grades 09–12 · 4.6 mi
City
Panama City
Students
1,254
Student body
49% White · 30% Black · 11% Hispanic / Latino
Free/reduced lunch
51%
Phone
(850) 767-4600
53/100
Parker Elementary School
Elementary · Grades PK–05 · 0.4 mi
City
Panama City
Students
617
Student body
43% White · 30% Black · 17% Hispanic / Latino
Free/reduced lunch
79%
Phone
(850) 767-4570

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
03/13/2026Listed for sale$525,000

Listed by Dennis Nelson · Keller Williams Success Realty · 8502490313

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: August 28, 2026 at 12:47 PM | Source: Central Panhandle Association of REALTORS | MLS#: 786756

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