3 Beds
2 Baths
1,131 sqft
$225,000
332 Mercedes Avenue, Panama City FL, 32401
Price per sqft$198.94
Built in1991
Property size1,131 sqft
Property typeResidential
Overview
Active
Listed Nov 14, 2026
Updated 17h ago
Charming Florida home in the highly sought after Historic Cove neighborhood. This home is located just 1 mile from Downtown Panama City and a few blocks from the Bay and Watson Bayou. A Cove home at this price that is move-in ready is rare. A 3 bedroom 2 bath that is perfect for a first-time home buyer, someone wanting to downsize or an investor looking to add to their rental portfolio. A great floor plan with large living/dining room combination featuring raised cathedral style ceilings and tile flooring throughout. Cute bright kitchen with plenty of cabinets, counter space and big breakfast bar plus lots of natural light overlooking the spacious backyard. A fenced-in yard with fire pit and chicken house for those early morning breakfast eggs fresh from your backyard. This home is 15 minutes to Tyndall Air Force Base and a public boat ramp is around the corner featuring a waterfront park and outdoor concert area. Downtown Panama City is booming with quaint shops, restaurants, a fantastic farmer's market and loads of art and entertainment options. Launch your kayak in Watson Bayou for a early morning fishing excursion and then stroll to downtown PC for a night on the town. This home has loads of potential and great curb appeal,. It has a 1 car garage and also features Eufy outdoor lighting. A new roof was installed in 2019 and the home is not IN A FLOOD ZONE.
$1,497/mo
Est. mortgage payment based on a $225,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 797891
Interior Features
- Bedrooms
- 3
- Bathrooms
- 2
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.15 Acres
Other Property Details
- Taxes
- $1,817
- Tax Frequency
- Annually
- Garage
- Yes
Courtesy of Anchor Realty Florida, Lisa E Suggs,
Listing Contact: 850-774-8595
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Svetlana Paulson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
© 2026 Central Panhandle Association of REALTORS. All rights reserved.