243 Allen Avenue, Panama City

$255,000

2 Beds
1 Bath
784 Sqft
.18 Acre
0 Garage

Discover this 3-bedroom, 1-bath home nestled in the heart of Panama City's historic Cove neighborhood. Offering timeless charm and strong rental potential with an estimated long-term income of approximately $24,000 per year, this property is perfect for investors or homeowners alike. Features include a metal roof installed in 2016, a brand-new HVAC system installed in April 2025, and a privacy-fenced backyard. Just a half-block from the water's edge and within walking distance to Downtown Panama City's shops, restaurants, and the farmers market, this home blends comfort, convenience, and character. Experience the storybook appeal and unbeatable location of The Cove—where history, community, and opportunity meet.

Essential Information
MLS® #988233
Price$255,000
Sold Price$235,000
Date Sold$2025-12-31
Bedrooms2
Bathrooms1.00
Full Baths1
Square Footage784
Acres0.18
Year Built1948
TypeResidential
Sub-TypeDetached Single Family
StyleContemporary
StatusSold
Community Information
Address243 Allen Avenue
Area27 - Bay County
SubdivisionNO RECORDED SUBDIVISION
CityPanama City
CountyBay
StateFL
Zip Code32401
Utilities

Electric, Public Sewer, Public Water

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
# of Stories1
Interior Features

Breakfast Bar, Recessed Lighting

Appliances

Dishwasher, Microwave, Refrigerator

Exterior
RoofComposite Shngl
ConstructionSiding Vinyl
FoundationFoundation On Piling
School Information
ElementaryCherry Street
MiddleJinks
HighBay
Additional Information
Days on Website362
ZoningResid Single Family
Listing Details
OfficeLegacy Premier Agency LLC
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 21st, 2026 at 2:23pm CDT.