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Back 511 North Gray Avenue
Off Market

511 North Gray Avenue

Panama City FL 32401

2
2
860 sq. ft.
6970 sq. ft.
Single-Family
Last sold for $216,500
Chris AllenChris Allen, last sold this property on 19 March 2026 after 33 days on market.

Overview

Beautiful New Construction Home in the Heart of Panama City Don't miss this incredible opportunity to own a newly built home on a spacious lot in a prime central location. This modern construction offers a functional layout with fresh finishes throughout, creating a move-in ready space that feels both stylish and comfortable. Conveniently located just minutes from downtown, shopping, dining, and major roadways, this home provides easy access to everything Panama City has to offer while still giving you room to enjoy outdoor space and privacy. Whether you're a homeowner looking for a brand-new property in a great area or an investor seeking a strong rental or resale opportunity, this home checks all the boxes for location, condition, and long-term value.

Features

2 bedrooms
2 bathrooms
860 sq. ft. floor area
6970 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Panama City over the last 12 months, the estimated median property value of 511 North Gray Avenue is $166.5k.

Median value
$166.5k
Estimated value range
$38k - $475k
Median days on market
20
Estimated value trend
-15%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Panama City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 511 North Gray Avenue

2026
Sold
$216,500
19 Mar 2026 by Chris Allen, of Real Broker LLC

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 7 reviews in Panama City over the last 12 months.

Local market activity for 2 bedroom single-family properties in Panama City

In the last 12 months, 35 two-bedroom single-family properties similar to 511 North Gray Avenue, have been sold.

This represents a 29% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

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

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Tyler S Smith

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

  •   5   (65 reviews)
  •  5 Reviews in Panama City
  •  3 Sales in Panama City
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Hannah Luge

Hannah Luge is a recommended agent for Panama City.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (29 reviews)
  •  2 Reviews in Panama City
  •  3 Sales in Panama City
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Zack Seltzer

Zack Seltzer is an award winning recommended agent for Panama City.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (68 reviews)
  •  1 Review in Panama City
  •  3 Sales in Panama City
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Ashley Moran

Ashley Moran is a recommended agent for Panama City.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (10 reviews)
  •  1 Review in Panama City
  •  2 Sales in Panama City
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