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Harrison Lilly

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

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403 Transmitter Rd , Panama City, FL 32401
$198,900
Est. Payment: $1,008.68/mo
3 Bed
2 Bath
1524 Sqft
Status: active with contingency | Days on site: 53
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

CURRENTLY UNDER CONTRACT SELLER WILL CONSIDER BACK UP OFFERS - Remarkable opportunity for investors, first-time homebuyers, or anyone looking for an affordable property with flexibility and proven rental appeal. This charming home has previously been used as an Airbnb and has hosted military families in transition, buyers waiting on delayed closings, and guests needing an affordable place to stay with room for both family and belongings. Located directly across from Springfield Community Park and close to Tyndall Air Force Base, this property offers convenience, comfort, and income potential. It is also less than 30 minutes from Panama City Beach, making it a smart option for a short-term rental, long-term rental, or primary residence. As you enter the home, you are welcomed by a great enclosed front porch with glass doors leading into the living room. The kitchen is compact yet functional and features newer stainless steel appliances. The main level offers two bedrooms, while the upstairs bedroom includes its own bathroom with a spacious granite countertop, plus a private balcony perfect for enjoying the evening breeze. The interior walls and trim have been freshly painted, and the exterior painting has just been completed. New light fixtures have also been added. Carpets on stairs and upstairs will need replacing, and the roof was replaced in 2019. The spacious backyard includes a storage building and firepit area, ideal for relaxing, entertaining, or roasting marshmallows. Whether you are looking for an affordable starter home, a long-term rental, or an Airbnb-style investment property with rental history available, 403 Transmitter Road is a property worth considering Seller is seeking cash, conventional financing, or special investor financing such as DSCR loan options where applicable.

Highlights

Listed by Kerry J Jackson , 850-960-8646 LPT Realty LLC , 877-366-2213. Bay County Association of REALTORS

Property Type

Residential

Lot/Acreage
0.17

Year Built

1978

County

Bay

Area

02 - Bay County - Central

Neighborhood

Springfield Hts Replat

Listing ID

790067

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Electric Cooktop, Electric Range
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Other:
  • Additional:Main Level Primary

Exterior Features

Lot Dimensions:61 x 118
Roof:Composition,Shingle
Others:
  • Additional:Fire Pit, Porch
Principal Interest
$1,009
Taxes
$242

Home Price

$198,900

Loan Details

30 yrs
6.528%

Down Payment

20%
$39,780
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:
$1,008.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,008.68 $242.08 $0.00 $1,250.76
Yearly $12,104.14 $2,905.00 $0.00 $15,009.14
Total $363,124.26 $87,150.00 $0.00 $450,274.26

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

6%

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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