819 Russ Lake Drive, Panama City, FL 32404

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$259,900

bedrooms

bathrooms

square feet

2,260

Acreage

0.31

Open Houses

year built

1971

Full Baths

Half Baths

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Attention Investors and Builders! This permitted duplex has 2,260 sq ft and sits on a .311 acre corner lot. The property is zoned mixed-use and is eligible to be subdivided, so there is potential to add a second duplex or a single family home. For the residential home buyer, realize ongoing passive income by living in one unit and renting out the other.The duplex includes a 1,220 sq. ft., 3 bedroom/2 bath upstairs unit with sizable bedrooms and an ensuite bathroom in the master bedroom. The downstairs unit is 1,040 sq. ft. with 2 bedrooms/1 bath with direct access to the front and back yards. Both units have their own indoor laundry for a comfortable living space.The sellers are in the midst of renovations and have completed upgrades including new windows, subfloor, tankless water heater, HVAC and ductwork upstairs. Both units have new electrical wiring, new Pex plumbing, and recessed lighting. Exterior upgrades include a new roof in 2019, new siding, new stairs to access to the upstairs unit from the outside, and RV Hookups. The property is served by public utilities, and there are separate water meters and electrical service for both units, as well as natural gas service onsite. A large storage shed is also on the property.The property is located in a quiet neighborhood in the developing community of Springfield. It is close to schools and shopping, approximately 7 miles from Tyndall AFB, and 25 minutes away from the beautiful, well vacationed beaches located on Panama City Beach, known as ''The Home of the World's Most Beautiful Beaches.''Construction materials on-site included. Reach out for a showing.

Location
Subdivision	No Named Subdivision
County	Bay
Elementary School	Parker
Middle School	Rutherford Middle
High School	Rutherford

Driving directions

Open houses

None scheduled.

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MLS number: 769484

Listing agent: Catriese M Johnson #SL3431258

Listing broker: Coldwell Banker Realty (850) 814-0037

Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Saturday, April 12 2025 at 5:41 p.m. EDT

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