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MLS# 785044

Status: Under Contract - Taking Backups
7024 Mike Lane
Panama City, FL 32404
$225000.00

Beds Total: 3
Bathrooms: 2.00
Baths Full: 2
Sq Ft Total: 1702.00
Acres: 0.34
Year Built: 1975
Garage Description: 2.00
On Waterfront: No
(864) 608-8115


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Rare opportunity to acquire a solid brick property at just $107 per square foot with major improvements already completed. This 2,102 sq ft total includes a 1,705 sq ft main home plus a 397 sq ft MIL area.Big-ticket items are already done: roof (2019), gas A/C (2019), gas water heater (2019), updated electrical panel, windows & slider (2017). Both the main home and MIL area are brick construction, adding long-term durability and lower maintenance costs.The property features a 320 sq ft Florida room (40x8) with windows--half enclosed and half screened--providing additional flex space not reflected in standard living square footage.Interior renovations are partially completed, allowing an investor to step in and finish with minimal disruption. Flooring has already been replaced throughout (only a few LVP pieces remain). The master shower was fully tiled in 2021, and the guest bath flooring has been newly tiled.The MIL area is already equipped with water, electrical, sheetrock, ceiling lights, and window A/C.Perfect for fix-and-flip, long-term rental, or multi-generational income strategy. With strong bones, updated systems, and a low price per square foot, this property offers exceptional upside for the right investor or family looking to make this home their own!

Additional Features

List Date:2026-02-11
Full Baths:2
Waterfront:No
Sub Area:0202 - Bay - Central SE
Community/Resort:None
Parcel ID:06989-308-000
Elementary School:Parker
Middle School:Rutherford Middle
High School:Rutherford
Appliances:Cooktop - Gas,Dishwasher,Microwave,Oven - Gas,Refrigerator,Water Heater - Gas
HOA Fee:No
Cumulative DOM:4
Days On Market:3
Last Taxes:1580.00
Last Tax Year:2025
Utilities:Electricity - Connected,Natural Gas - Connected,Public Water - Connected
Exterior:Fenced - Back Yard,Patio - Enclosed
Construction/Siding:Brick,Foundation - Slab on Grade,Roof - Dimensional Shg