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$249,000

331 Maine Ave

Panama City, FL
Active
4
Bedrooms
2
Bathrooms
1,152
Square Feet
0.34
Lot Size (acres)
1945
Year Built
10
Days On Market

HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This versatile property, once a 4 BR 2 BA, has been converted to a 2-unit rental property that is perfect for short- or mid-term rental income or as a single-family main house/mother-in-law suite arrangement. Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there! This property has been rented only on Furnished Finder and by word of mouth. Seller states income for 2025 was $28,710! WHY THIS PROPERTY IS AWESOME: --Multiple possibilities for living/renting - especially as workforce housing for travel nurses, military, contractors, and others --NEW METAL ROOF in 2026! --Other updates/upgrades/repairs made recently. See attached documents. --2 BR, 1 BA in front, 1 BR, 1 BA in back (or restore to 4/2 as noted above) --Stated mid-term rental income of up to $1,700 for front unit, $1,600/mo for back unit - WOW! --Full kitchen in front, efficient kitchenette in back --SOLD FULLY FURNISHED! --Fresh paint in main (front) unit --Driveway parking for 4; boat parking is easy! --HUGE backyard on this 75' x 200' lot. Make your own nature oasis with fruit trees or palms or put in a pickleball court, fire pit, and a pool! --Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and walkable to Gene's Oyster Bar See the full list of updates/upgrades/repairs in the attached DOCUMENTS section. COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!

Listing Information

Listing Updated
9 days ago
Listed By
January Johnson, 8506919851 · EXP Realty LLC, 8888838509
MLS#
795808
Source
Central Panhandle Association of REALTORS
Status
Active

Facts & Features

Location

Community Information

Address
331 Maine Ave, Panama City, FL 32401
City
Panama City
County
Bay
Neighborhood
Welch Add
Zip Code
32401

Architecture

Bedrooms
4
Bathrooms
2
Year Built
1945
Style
Bungalow
Construction Materials
Vinyl Siding
Building Area
1,152 sq. ft.
Garage Spaces
0

Features & Amenities

Appliances
Electric Range, Electric Water Heater
Patio and Porch
Covered, Porch
Cooling
Ductless, Wall Unit(s)
Heating
Ductless, Electric

Property Features

Lot Size
0.34 Acres
Sewer
Public Sewer
Utilities
Electricity Available
Zoning
Resid Single Family

Square Footage

Total
1,152 sq. ft.

Tax & Financial Information

List Price
$249,000
Annual Taxes
$2,457

Schools

81/100
Amikids Maritime Academy
High · Grades 09–12 · 1.7 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
75/100
Palm Bay Preparatory Academy 6-12
High · Grades 06–12 · 2.7 mi
City
Panama City
Students
355
Parent reviews
5.0★ avg · 2 reviews
Student body
69% White · 11% Hispanic / Latino · 10% Black
Free/reduced lunch
59%
Phone
(850) 215-0770
72/100
Springfield Elementary School
Grades M–M · 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
70/100
Oscar Patterson Academy
Elementary · Grades PK–04 · 0.9 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
64/100
Oscar Patterson Elementary Magnet
Grades M–M · 0.9 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
62/100
C C Washington Academy
Grades M–M · 0.9 mi
City
Panama City
Students
103
Student body
45% White · 43% Black · 8% Hispanic / Latino
Free/reduced lunch
97%
Phone
(850) 767-5576
55/100
Jinks Middle School
Middle · Grades 06–08 · 2.3 mi
City
Panama City
Students
564
Student body
37% White · 35% Black · 15% Hispanic / Latino
Free/reduced lunch
82%
Phone
(850) 767-4695
54/100
Margaret K. Lewis In Millville
7th & Above · Grades PK–12 · 0.6 mi
City
Panama City
Students
167
Student body
66% White · 16% Black · 9% Hispanic / Latino
Free/reduced lunch
50%
Phone
(850) 767-1792

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
09/24/2026Listed for sale$249,000

Listed by January Johnson · EXP Realty LLC · 8888838509

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: September 24, 2026 at 5:57 PM | Source: Central Panhandle Association of REALTORS | MLS#: 795808

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