Investment opporunity located in one of the most popular areas of Panama City FL, in St Andrews. This property is located on the heaviest traveled road, HWY 98 that leads across the entire county. Currently the property consists of 4 separate rentals, a 3 bedroom 2 bath home, 2 separate studio apartments and 1 cottage each with 1 bedroom and 1 bath for a total of 6 bedrooms and5 baths. Rents total approximately $55,800 annually. There are solar panels that power the rentals also, a $100,000 investment by the current owner. St Andrews is growing fast and this property will continue to appreciate in value while generating rental income. Take a look and call today.
For sale
$575,000
2810 W 15th St, Panama City, FL 32401
6beds
3,242sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$536,300 Zestimate®
$177/sqft
$-- HOA
What's special
Heaviest traveled road
- 16 days
- on Zillow |
- 208 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 07:37am
Listed by:
Jeff Payne 850-890-2724,
Keller Williams Success Realty
Source: CPAR,MLS#: 771728
Originating MLS: Central Panhandle Association of REALTORS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Electric, Varies by Unit
Cooling
- Window Unit(s)
Interior area
- Total interior livable area: 3,242 sqft
Property
Parking
- Parking features: Driveway
Lot
- Size: 0.42 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 29504000000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1940
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $319,121
- Annual tax amount: $5,953
- Date on market: 4/10/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
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