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$3,404,000
644 Caladium Circle
Panama City, FL 32401
MLS# R11145663
Status: Pending

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Property Description
644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ€''each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies.

Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2025-12-05
Status: Pending
Original List Price: 3404000
List Price: $3,404,000
Current Price: $3,404,000
Location and Legal
County Or Parish: Bay
County Parish Name: Bay
City Name: Panama City
Postal Code: 32401
Geographic Area: Other
Property Description: Emerald Bay
Country: United States
Street Number: 644
Street Name: Caladium
Street Suffix: Circle
State Or Province: FL
Area: 5940 - Other Florida County
Parcel Number: 33832001000
Zoning: Commercial
Directions: From Hwy 79 take Front Beach Road East to Gulf. Take a left and building will be first one on the left.
General Property Information
Number Of Units Total: 26
Lot Size Area: 11325.6
Stories: 2
Property Sub Type: Multi Family
Building Area Source: Owner
Year Built: 1982
Lot Size Acres: 0.26
Office/Member Information
DXORIGMLSID: RML
Electric
Three Phase: 1
Flooring
Wood: 1
Other: 1
Documents Available
Financial Statement: 1
Tenant Pays
Electricity: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Building and Property Details
# Of Toilets: 26
% Air Conditioned: 100
Maximum Ceiling Height: 8
Building Features
Free Standing: 1
Heating
Electric: 1
Sale Includes
Building: 1
Land: 1
Construction Materials
Stucco: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Roof
Other: 1
Security Features
Fire Sprinkler System: 1
Smoke Detector(s): 1
Water Source
Public: 1
Cooling
Ceiling Fan(s): 1
Ductless: 1
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Contingencies
Appraisal: 1
Financing: 1
Inspection: 1
Financial Information
Tax Annual Amount: 14003
Tax Year: 2024
Tax Legal Description: OPEN SANDS LOTS 1 & 2 BLK A ORB 3898 P 1025 & OPEN SANDS (1.01) TRI PCL ADJ S LINE BLK A ORB 3898 P 1025
Status Change Information
Major Change Timestamp: 2026-08-09T13:52:21Z
Major Change Type: Status Change
Status Change Date: 2026-08-09
Under Contract Type: Pending
Under Contract Date: 2026-08-06
Originating Details
Originating System Key: 20251205192945598907000000
Originating System ID: M00000170
Property Features
Building Features: Free Standing
Documents Available: Financial Statement
Electric: Three Phase
Flooring: Wood; Other
Heating: Electric
Possession: Close Of Escrow; Negotiable
Sale Includes: Building; Land
Tenant Pays: Electricity
Construction Materials: Stucco
Cooling: Ceiling Fan(s); Ductless; Wall/Window Unit(s)
Listing Terms: Assumable; Cash; Conventional
Roof: Other
Security Features: Fire Sprinkler System; Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only
Contingencies: Appraisal; Financing; Inspection
Supplements
With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.
IDX
Listing Office: Luxe Coastal Realty Group LLC
Source MLS Verified

Last Updated: November - 10 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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