306 Penny Court
Panama City, FL 32401
$565,000
Active
Description
Enjoy breathtaking water views from every floor of this beautifully positioned waterfront townhome. Designed with flexibility in mind, this property offers multiple possibilities for full-time living, vacation use, or income production. The spacious layout can accommodate separate living areas, making it ideal for multi-generational living or maximizing rental potential. An additional top-floor bonus room provides the perfect space for a home office, bunk room, hobby area, or guest accommodations. Whether you're looking for a primary residence, second home, or investment property, this townhome offers the versatility to fit your needs. Short-term rentals are permitted, creating an excellent opportunity for additional income. Located adjacent to the City's newly completed boat launch facility, this property is perfectly situated for boating enthusiasts. There is also the potential to obtain a private boat slip at the neighboring marina, with accommodations for boats up to 35 feet.
Listing details MLS# 1004979
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2702 - Bay - Central SE
- Subdivision
- NO RECORDED SUBDIVISION
- County
- Bay
- Parcel ID
- 22385-018-000
- Tax year
- 2025
- Annual tax
- 1706.58
- Legal description
- OAKRIDGE 1ST ADD. (REPLAT) N1/2 OF LOT 5 BLK 4 LESS THE EAST 85' ORB 4640 P 791
- Zoning
- Resid Multi-Family
General Property Info
- Property type
- Residential
- Year built
- 2025
- New construction
- No
- Condition
- Construction Complete
Interior
- Bedrooms
- 4
- Bathrooms
- 5
- Full baths
- 4
- Half baths
- 1
- Building area
- 1850
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Floor Vinyl
- Interior features
- Kitchen Island
- Appliances
- Dishwasher, Stove/Oven Gas, Water Heater - Gas
- Total rooms
- 11
Exterior and Site
- Construction
- Siding CmntFbrHrdBrd
- Roof
- Roof Metal
- Exterior features
- Balcony
- Patio and porch
- Deck Covered, Deck Open, Patio Covered
- View
- Bayou
- Road frontage
- City Street
Utilities
- Utilities
- Electric, Public Water
- Sewer
- Public Sewer
Schools
- Elementary
- Cherry Street
- Middle school
- Jinks
- High school
- Bay
Association and Fees
- Association
- Yes
- Fee includes
- Accounting, Ground Keeping, Insurance, Trash
Remarks and Misc
- Directions
- East on 6th Street from Harrison Ave, cross over Watson Bayou Bridge into Millville. Turn Right onto Maple Ave and then Right into Watson Bayou Townhomes. Follow Penny Ct. to the end and home is on the left.
