2 months on rocket

2712 Banyan St, Panama City Beach, FL, 32408

$599,000

Home List Price

$7,113*

Closing Credit

6 Bedrooms
4 Full Baths
2,384 SqFt
$251/SqFt
Multi
Schools Nearby

Location

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2712 Banyan St, Panama City$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Oversized
Year Built1985
HeatingCentral
CoolingCentral Air
MLS #752748
StatusActive

About 2712 Banyan St

Welcome to 2712 Banyan Street on Panama City Beach. This could be your dream investment opportunity in the heart of the vibrant East end of Panama City Beach! Each side of this duplex boasts 3 bedrooms and 2 bathrooms, providing spacious and comfortable living for residents or guests.Unit B is beautifully remodeled, interior featuring Quartz Countertops, luxury vinyl plank flooring, and custom cabinets, creating an elegant and contemporary atmosphere. The fresh new paint, along with new appliances, new AC and water heater, ensure a hassle-free and comfortable lifestyle. This unit is not just a home; it's an investment gem. Currently being rented out as an Airbnb, Unit B grossed an impressive $40,000 in 2023, making it a lucrative opportunity for potential investors.Unit A, the other side of this fantastic duplex, presents an exciting opportunity for customization and value addition. The seller is offering a generous $5,000 allowance to assist in updating and transforming this unit into a stunning living space, matching the elegance of Unit B. Imagine the potential returns once both units are optimized to their fullest potential!Location is key, and this duplex doesn't disappoint. Situated in the desirable East end of Panama City Beach, residents and guests can enjoy proximity to boating, the pristine beach, and an array of restaurants. Additionally, the convenience of being just 10 minutes away from Pier Park adds to the appeal of this property.Whether you're looking for a wise investment with immediate returns or a home that offers both comfort and potential for increased value, this duplex has it all. Contact us today to schedule a viewing!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1985
  • Living Area: 2,384 SqFt

Listing Office:

  • Office Name: Counts Real Estate Group Inc

Interior Features

Interior Information:

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Disposal, Refrigerator
  • Interior: Beamed Ceilings, Breakfast Bar, Bookcases, Open Beams/Beamed Ceailings, Cathedral Ceiling(s), Recessed Lighting

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Fence, Porch

Parking Information:

  • Parking: Driveway, Oversized

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • J.R. Arnold High School, Public District Grades 9-12
  • Surfside Middle School, Public District Grades 6-8
  • Patronis Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Turn on Daniel Street from Thomas Drive, then Right on Banyan off N. Lagoon

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $251/SqFt

Tax Information:

  • Annual Amount: $1,588
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

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Panama City, FL

City

Med. Sold Price

$347.1K

Med. Price/SqFt

$204

Avg. Days On Market

82

# of Sold Homes

196

2712 Banyan St vs Panama City

67 DAYS ON ROCKET

-15 Days

$599,000

+$251.8K More

$251/SqFt

+$47 More

KEY TAKEAWAY

This property is $251.8K more than the Median Sold Price and $47/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #752748

Listing Office:

  • Office Name: Counts Real Estate Group Inc

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is 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. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 1:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 19, 2018Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,588$127,227
2018$1,654$125,763
2017$1,522$114,454

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2292887
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.16 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2292888
5
/10

  • Surfside Middle School

  • 300 Nautilus St

  • 6.94 miles

  • Public District Grades 6-8

High School

school-card-donut-2292889
5
/10

  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 4.90 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,083. The most common annual income of people living in Panama City, FL is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Bay County›Panama City›32408›2712 Banyan St

This home is located at 2712 Banyan St in Panama City Beach, FL and zip code 32408 in the Treasure Cove neighborhood. This 2,384 square foot home was built in 1985. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $599,000.

Over 13 listings were sold over their listed price in March 2024 in Panama City, FL. In the same period over 120 listings were sold below the listed price and 63 listings were sold for the listed price. Between February 2024 and March 2024, Panama City, FL real estate market has seen increase in the number of listings by 3.2%. While the average time on the market in March 2024 was 82 days, the median list price was $347,126.

From Rocket Homes Real Estate and based on county public records data.

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