124 East 2nd Place

Off Market

124 East 2nd Place

Panama City FL 32401

2092 sq. ft.

7144 sq. ft.

Duplex

Last sold for $415,000

KAILEY COLLISON, last sold this property on 12 June 2025 after 118 days on market.

Overview

Charming & Renovated Duplex in Historic Cove - Investment Opportunity! Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential. Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment—all within a 10 minute walk, or biking distance. In 2023, major updates were completed, including new drywall, insulation, electrical, and plumbing. Updates have enhanced both the interior and exterior, with fresh paint, upgraded flooring, updated kitchens and bathrooms, and carefully restored details that highlight the home's character. The property also features thoughtfully designed outdoor spaces, added parking, and stylish finishes throughout. Currently furnished as a vacation rental, this duplex is move-in ready and offers a turnkey investment opportunity. Whether you're looking to generate passive income, or own a piece of Panama City history, this versatile property is a rare find in a prime location. Reach out today to learn more!

Features

4 bedrooms

2 bathrooms

2092 sq. ft. floor area

7144 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 4 bedroom duplexes sold in Panama City over the last 12 months.

Property history for 124 East 2nd Place

2025

Sold

$415,000

12 Jun 2025 by KAILEY COLLISON, of Realty One Group Emerald Coast

2022

Sold

$415,000

08 Nov 2022 by Vince Price, of Coldwell Banker Carroll Realty

2014

Rented

Undisclosed

17 Jul 2014 by O'keefe & Wainwright Inc

Happy sellers in Panama City

89%

89% of sellers in Panama City reported that their sale price either exceeded or met their price expectations.

Panama City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Panama City over the last 12 months.

Local market activity for 4 bedroom duplexes in Panama City

In the last 12 months, 2 four-bedroom duplexes similar to 124 East 2nd Place, have been sold.

This represents a 34% increase in four-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Panama City for a market analysis.

Tyler S Smith

at Legacy Premier Agency LLC

(69 reviews)

Get a market analysis

Hannah Luge

at Emerald Coast Beach Homes LLC

(29 reviews)

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Zack Seltzer

at SELTZER REAL ESTATE

(68 reviews)

Get a market analysis

Ashley Moran

at EPIQUE REALTY INC

(10 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Panama City

Tyler S Smith

Sellers who recommend Tyler S Smith have praised them for being local expert, clear communication, responsive, great negotiation, detail-oriented, well-prepared, and proactive