$650,000

604 Fernwood Street, Panama City Beach, FL 32407

  • 7 beds |
  • 6 baths |
  • 2,556 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon0.42acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $254/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

Listing Status:
Active
Date Added:
March 18, 2026
Data Last Updated:
April 2, 2026 at 5:16PM
Listing Office:
Think Real Estate : 850-270-4200
MLS ID:
786962
  • A/C: Ceiling Fan(s)Window Unit(s)
  • Heating: Varies by Unit
  • Pool: In GroundPrivate
  • Parking: Unpaved
  • General: Block1Slab
  • Road/Access: City Street
  • Originating MLS: CPAR_CPAR
  • County: Bay
  • Zoning: HUTCHISON'S 1ST ADD LOTS 2 & 3 BLK 4 DAUGETTE ADDITION LOT 19 BLK B ORB 2090 P 52134201-000-000
  • Sewer: Public Sewer
  • Source: CPAR_CPAR

This listing courtesy of Think Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hutchison Beach Elementary School

12900 Hutchison Blvd, Panama City Beach, FL, 32407

Grades KG-5

0.19 miles away

S

Surfside Middle School

300 Nautilus St, Panama City Beach, FL, 32413

Grades 6-8

1.02 miles away

J

J.R. Arnold High School

550 N Alf Coleman Rd, Panama City Beach, FL, 32407

Grades 9-12

1.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.