1. Florida
  2. Panama City
  3. 11921 Caruso Drive
$325,000

11921 Caruso Drive, Panama City, FL 32404

  • 12 beds |
  • 5 baths |
  • 6,788 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1981
  • Property Lot Size Icon0.98acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $48/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation. The building is currently vacant and in need of substantial updates--ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.

Listing Status:
Active
Date Added:
May 12, 2025 at 05:00AM
Listing Office:
Counts Real Estate Group Inc : (850) 249-3615
MLS ID:
773347
  • A/C: Central Air
  • Heating: Central
  • Disability Feature: Accessible BedroomAccessible Common AreaAccessible ClosetsAccessible Central Living AreaAccessible Approach with RampAccessible Doors

This listing courtesy of Counts Real Estate Group Inc

Monthly Payment

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

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Location

Schools Nearby

C

Callaway Elementary School

7115 E Highway 22, Panama City, FL, 32404

Grades KG-5

4.66 miles away

T

Tyndall Academy

7800 Tyndall Pkwy, Panama City, FL, 32403

Grades PK-8

6.67 miles away

R

Rutherford High School

1000 School Ave, Panama City, FL, 32401

Grades 6-12

7.53 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.