124 E 2nd Place, Panama City, FL 32401

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$514,900

bedrooms

bathrooms

square feet

2,092

Acreage

0.16

Open Houses

year built

1941

Full Baths

Half Baths

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Charming & Renovated Duplex in Historic Cove - Investment Opportunity!Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential.Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment--all within a 10 minute walk, or biking distance.In 2023, major updates were completed, including new drywall, insulation, electrical, and plumbing. Updates have enhanced both the interior and exterior, with fresh paint, upgraded flooring, updated kitchens and bathrooms, and carefully restored details that highlight the home's character. The property also features thoughtfully designed outdoor spaces, added parking, and stylish finishes throughout. Currently furnished as a vacation rental, this duplex is move-in ready and offers a turnkey investment opportunity.Whether you're looking to generate passive income, or own a piece of Panama City history, this versatile property is a rare find in a prime location. Reach out today to learn more!

Location
Subdivision	Harmon Plat
County	Bay
Elementary School	Cherry Street
Middle School	Jinks
High School	Bay

Driving directions

Open houses

None scheduled.

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MLS number: 768582

Listing agent: Kailey J Collison #SL3590437

Listing broker: Realty One Group Emerald Coast (850) 830-5955

Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 2:51 p.m. EDT

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