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604 Fernwood Street, Panama City Beach, FL 32407 Pending 1 / 47
$650,000

604 Fernwood Street, Panama City Beach, FL 32407

Panama City Beach, FL 32407
  • 7 Beds
  • 6 Baths
  • 2,556 Sq Ft
  • 1960 Built
  • MLS 786962

About this home

Unlock thе pοtеntіal οf thiѕ versatile income-produсing proрerty 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.

Property details

Property typeMultiFamily
StatusPending
Area03 - Bay County - Beach
SubdivisionHutchison's 1st To Bahama Bch
CityPanama City Beach
CountyBay
Zip32407
Taxes$5,450
Tax year2025
Special conditionsListedAsIs

Interior

Total rooms7
Full baths6
CoolingCeilingFans,WindowUnits
HeatingVariesByUnit

Exterior & lot

Lot size0.42 acres
Lot dimensions105x168x107x174
Private poolYes
PoolInGround,Private
ParkingUnpaved
Road frontageCity Street

Schools

ElementaryHutchison Beach
MiddleSurfside
HighArnold

Community

Community featuresShort Term Rental Allowed
DirectionsFrom Panama City Beach Pkwy (Back Beach Rd / US-98), turn south onto Richard Jackson Blvd. Continue to Hutchison Blvd (Middle Beach Rd) and turn right (west). Proceed to Lullwater Dr and turn left. Turn left onto Fernwood St. Property will be on the left.

Data source: Central Panhandle Association of REALTORS®

Location

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