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Listing provided courtesy of Think Real Estate- MLS# 786962MLS Provider

604 Fernwood StreetPanama City Beach, FL 32407

Multi-Family · 7 Beds · 6 Full Baths · 2,556 Sq. ft. | 0.42 Acres
$650,000 Active

604 Fernwood Street Overview

Time on Site:
101 days
Visits:
0

Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

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604 Fernwood Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,556
  • Price/Sq.ft. $254
  • Lot 0.42 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Hutchison Beach
  • Middle Or Junior School: Surfside
  • High School: Arnold

Building Information

  • New Construction: false
  • Year Built: 1960

Location/Region

  • County Or Parish: Bay
  • MLS Area Major: 03 - Bay County - Beach
  • MLS Area Minor: 0320 - Beach - Middle Central
  • Postal City: Panama City Beach
  • Subdivision Name: Hutchison's 1st To Bahama Bch

Community/Development

  • Community Features: Short Term Rental Allowed

Tax Information

  • Tax Annual Amount: 5450.0
  • Tax Year: 2025

General Information

  • Parcel Number: 34201-000-000
  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Special Listing Conditions: Listed As-Is

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 6
  • Bathrooms Total: 6
  • Bedrooms Total: 7

Building Interior

  • Building Area Total: 2556.0

General Information

  • Foundation Details: Slab
  • Levels: One
  • Living Area Source: Appraiser
  • Rooms Total: 7
  • Stories: 1
  • Stories Total: 1
  • Units Furnished: None

Exterior

Parking Information

  • Parking Features: Unpaved

Lot Information

  • Lot Features: Paved
  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Size Dimensions: 105x168x107x174
  • Lot Size Square Feet: 18121.0
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Block

General Information

  • Pool Features: In Ground,Private
  • Pool Private: true
  • Road Frontage Type: City Street
  • Sewer: Public Sewer

Room Information

Room: Bedroom

  • Level: First
  • Dimensions: 16 x 11
  • Length: 16.0
  • Width: 11.0
  • Description: *measure if important

Room: Bedroom

  • Level: First
  • Dimensions: 16 x 11
  • Length: 16.0
  • Width: 11.0
  • Description: *measure if important

Room: Bedroom

  • Level: First
  • Dimensions: 16 x 11
  • Length: 16.0
  • Width: 11.0
  • Description: *measure if important

Room: Bedroom

  • Level: First
  • Dimensions: 16 x 11
  • Length: 16.0
  • Width: 11.0
  • Description: *measure if important

Room: Bedroom

  • Level: First
  • Dimensions: 16 x 11
  • Length: 16.0
  • Width: 11.0
  • Description: *measure if important

Room: Bedroom

  • Level: First
  • Dimensions: 10 x 11
  • Length: 10.0
  • Width: 11.0
  • Description: *measure if important

Room: Bedroom

  • Level: First
  • Dimensions: 22 x 20
  • Length: 22.0
  • Width: 20.0
  • Description: *measure if important

604 Fernwood Street Neighborhood

Community

32407 (Panama City Beach) Demographics

40
Median Age
629
Population Density (per sq. mile)
41%
College Educated
$61,450
Estimated Median Income
2,814
Estimated Total Home Owners
2,162
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

604 Fernwood Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

604 Fernwood Street Market Data

Based on the last 30 days in this zip code

$527,919
Average List Price
$329
Average Price per Square Foot
70
Properties Sold
87
Average Days on Market
663
Properties for Sale
Calculations provided by Reliance Network

604 Fernwood Street History

Date Event Value Agent
6/15/2026Source: Central Panhandle MLS Status Change
Active
6/15/2026Source: Central Panhandle MLS Status Change
Active
5/19/2026Source: Central Panhandle MLS Status Change
Pending
5/18/2026Source: Central Panhandle MLS Status Change
Pending
5/12/2026Source: Central Panhandle MLS Status Change
Active
5/4/2026Source: Central Panhandle MLS Status Change
Active
4/6/2026Source: Central Panhandle MLS Status Change
Pending
4/6/2026Source: Central Panhandle MLS Status Change
Pending
3/20/2026Source: Central Panhandle MLS Added to Database
March 20, 2026
3/20/2026Source: Central Panhandle MLS Added to Database
March 20, 2026