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Harrison Lilly Team

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

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5045 E Highway 98 , Panama City, FL 32404
$525,000
Est. Payment: $2,900.55/mo
1800 Sqft
0.28 Acres
Status: Active | Days on site: 169
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BKWS - B9289
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Harrison Lilly Team
Owner/Operator

House Description

Welcome to this one-of-a-kind custom property with superb craftsmanship and luxury materials, along with unique details you have to see to believe. Classic style with brick dual sided fireplace, newly refinished wood floors, high ceilings, and modern amenities. Amazing location with easy access to main highways, high traffic, and close proximity to Tyndall Air Force Base. Spacious living and open area with lots of options for 5 bedrooms/offices Beautiful new kitchen will impress your customers with plenty of room for reception area, waiting room, display, or presentation room. The kitchen boasts gorgeous granite counter-tops and all new kitchen and stainless appliances. Spacious yard is high and dry, with room for more structures, equipment, storage, or additional parking. A front covered porch is very welcoming and a large covered rear porch is your key to a shady afternoon retreat, entertaining guests, or enjoying a relaxing rain shower. A fully fenced yard for your privacy and security. Located within minutes to revitalized and booming downtown Panama City, with dozens of restaurants, shops, night spots, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next home, or investing in the future of Panama City, this property has room to add additional dwelling units, pool, parking, outbuildings, and so much more! With Mixed-Use Zoning, there are options for commercial use, live-work situations, and so much more! Also offered as a commercial lease. Alterations to the home can be negotiated. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Furniture is virtually staged except for a few pieces that are negotiable. Offered for Lease at $3500.00 Monthly NNN for 5 year minimum. Longer leases are negotiable.

Highlights

Listed by Dennis Nelson , 850-348-8262 Keller Williams Success Realty , 850-249-0313. Bay County Association of REALTORS

Property Type

Commercial Sale

Lot/Acreage
0.28

Year Built

1930

County

Bay

Area

02 - Bay County - Central

Neighborhood

W H Parker

Listing ID

786757

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Interior Features

Air Cond:Central Air
Fireplaces:
Floor:Hardwood

Exterior Features

Zoning:Other - See Remarks
Roof:Shingle
Sewer:Public Sewer
Principal Interest
$2,901
Taxes
$335

Home Price

$525,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$105,000
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:
$2,900.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,900.55 $334.69 $0.00 $3,235.24
Yearly $34,806.59 $4,016.25 $0.00 $38,822.84
Total $1,044,197.78 $120,487.50 $0.00 $1,164,685.28

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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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: 2026-10-07T03:46:57.000Z

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