For Sale
House for sale at 339 Mercedes Ave, Panama City, FL 32401 | MLS# 796225 | Listing updated on 2026-10-05
Photo 1 of House for sale at 339 Mercedes Ave, Panama City, FL 32401 | MLS# 796225 | Listing updated on 2026-10-05
Photo 2 of House for sale at 339 Mercedes Ave, Panama City, FL 32401 | MLS# 796225 | Listing updated on 2026-10-05
Photo 3 of House for sale at 339 Mercedes Ave, Panama City, FL 32401 | MLS# 796225 | Listing updated on 2026-10-05
Photo 4 of House for sale at 339 Mercedes Ave, Panama City, FL 32401 | MLS# 796225 | Listing updated on 2026-10-05
29+
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Street View

$499,000

Monthly Est:$2,484

  • Beds Icon4 Beds
  • Beds Icon
    3 Baths
  • Beds Icon2,461sqft

339 Mercedes Ave, Panama City, FL 32401

$2,484/moEst:

Get Pre-Approved

  • Duplex

  • Built in 1984

  • $-- HOA

  • 0.17 acre lot

  • $203/sq.ft

Description

**Income-Producing Duplex in Downtown Panama City with Massalina Bayou Views!**

Welcome to 339 Mercedes Avenue in Panama City, Florida, a fully furnished, turnkey duplex offering an incredible opportunity for investors, house hackers, or buyers looking for flexible living options near Downtown Panama City.

This income-producing multifamily property is full of possibilities, live in one side and rent the other to help offset your monthly expenses, create space for multigenerational living, or rent both units for additional income potential. One side is currently being utilized as a short-term rental, making this property an attractive option for buyers looking for an
established furnished rental setup.

Both sides have been thoughtfully updated throughout and are being sold, fully furnished and turnkey, allowing the next owner to step right in. Each unit also offers its own spacious backyard, providing plenty of outdoor space for residents and guests.

One of the standout features is the view of Massalina Bayou, giving this investment property a unique coastal Panama City setting while keeping you close to everything.

Located near Downtown Panama City, shopping, dining, Ascension Sacred Heart Bay, and Tyndall Air Force Base, with Panama City Beach and the beautiful Gulf Coast beaches just a short drive away.

Whether you're searching for a duplex for sale in Panama City, FL, an income-producing property, a furnished investment property, or a home where you can live in one unit and rent the other, 339 Mercedes Avenue offers flexibility, location, and investment potential all in one property.

Live in one. Rent the other. Rent them both. The possibilities are yours at 339 Mercedes Avenue.

  • Houzeo last checked: 9 minutes ago
  • Listing updated: October 5, 2026 at 5:15 pm
  • Listing Provided by: SunCoast Home Group (850) 319-4596 , Regina M Kukla (850) 319-4596 | Counts Real Estate Group Inc (850) 249-3615
  • Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 796225 Bay/Panama City/Central Panhandle MLS-FL

Part of

Building
339 Mercedes Ave
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Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Bay County

  • City

    Panama City

  • Neighborhood

    Cove

  • Year Built

    1984

  • HOA Fees

    -

  • Finished Area

    2,461 sqft

  • Lot Size

    0.17 acre lot

  • Basement Area

    - sqft

  • MLS Name

    Bay/Panama City/Central Panhandle MLS

  • MLS Number

    796225

  • MLS Status

    Active

  • Days on Market

    5

  • Cumulative Days on Market

    2

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 4

    Bathrooms: 3

  • Bedroom

    Level: Second

    Area: 100.00 Square Feet

    Dimensions: 10 x 10

  • Bedroom

    Level: Second

    Area: 100.00 Square Feet

    Dimensions: 10 x 10

  • Bedroom

    Level: Second

    Area: 100.00 Square Feet

    Dimensions: 10 x 10

  • Bedroom

    Level: Second

    Area: 100.00 Square Feet

    Dimensions: 10 x 10

Interior

  • Flooring

    Plank, Vinyl

  • Interior Features

    Tub Shower

  • Sewer

    Public Sewer

  • Appliances

    Electric Oven, Electric Range, Electric Water Heater

  • Exterior Features

    Patio

  • Heating

    Central

  • Cooling

    Central Air, Ceiling Fans

Construction

  • Year Built

    Year Built: 1984

  • Home type

    Duplex

  • Architectural Style

    Duplex

  • Roof

    Composition, Shingle

  • Construction Materials

    Stucco, Wood Frame

  • Foundation Details

    Slab

Utilities & Energy

  • Security Features

    Smoke Detectors

  • Parking Features

    No Garage

Other Features

  • Community Features

    Short Term Rental Allowed

  • Patio And Porch Features

    Balcony, Patio

  • Lot Features

    Paved

  • Subdivision Name

    Sudduths 4th Add

Price History

DateEventPrice

10/03/2026

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #796225

Listed for Sale

$499,000 +29.61%

$203/sqft

08/17/2022

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #727882

Price Increased

$385,000 +5.48%

$156/sqft

08/17/2022

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #727882

Price Increased

$365,000 +52417.99%

$148/sqft

04/09/2013

Source: mls_logoBay/Panama City/Central Panhandle MLS-FL #505338

Sold

$695

$0/sqft

Cove Ranks #1 in Panama City, FL

Homes for sale
42

Homes

Rental prices
$1,194

Rental Prices

Median Home Price
$0

Median Home Price

Cove, Panama City, FL neighborhood guide

Nearby Homes

Based on information from Central Panhandle Association of REALTORS® MLS through Oct 09, 2026, 10:45AM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®

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