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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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311 N Gay Ave , Panama City, FL 32404
$274,999
Est. Payment: $1,394.74/mo
4 Bed
3 Bath
1676 Sqft
Status: active | Days on site: 71
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
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House Description

Immediate Cash Flow Opportunity! This home comes with a one-year rental agreement in place, providing you with cash flow and financial security with vetted tenants. The lease expires March 31, 2027 with rent at $1,900/month. This beautiful 4-bedroom, 2.5 bath home, built in 2019, is contemporarily designed inside and out. The open floor plan is ultra-low maintenance, with metal roof, custom cabinets, quartz counter tops, LVP downstairs and carpet upstairs, plus, the low-cost HOA takes care of the yard! Everything is in like new condition. Callaway Corners offers a welcoming, family-oriented community that appeals to investors, first time home buyers and military families. Tyndall Air Force base is under 20 minutes away and local retail, dining and shopping are just minutes away. Enjoy the relaxing, sandy beaches in under 30 minutes on Panama City Beach. Don't miss out on this great value in the secluded neighborhood of Calloway Corners.
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Highlights

Listed by Ron Rago , 850-625-6936 Beachy Beach Real Estate , 850-233-4351. Bay County Association of REALTORS

Property Type

Residential
Lot/Acreage
0.05

HOA Fee

60 Monthly

Year Built

2019

County

Bay

Area

02 - Bay County - Central

 Neighborhood

Callaway Corners

Listing ID

790758

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:2
  • ▪ 1/2 Bathrooms:1
Appliances:Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Air Cond:Ceiling Fan(s),Heat Pump
Fireplaces:
Other:
  • ▪ Additional:Double Vanity, Tub Shower, Upper Level Primary, Pantry

Exterior Features

Lot Dimensions:40*56
Zoning:Resid Single Family
Roof:Metal
Sewer:Public Sewer
Parking Features:Garage,Garage Door Opener
Principal Interest
$1,395
Taxes
$252
HOA
$60

Home Price

$274,999

Loan Details

30 yrs
6.529%

Down Payment

20%
$55,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,394.74

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,394.74 $251.83 $60.00 $1,706.58
Yearly $16,736.92 $3,022.00 $720.00 $20,478.92
Total $502,107.49 $90,660.00 $21,600.00 $614,367.49

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS