644 Caladium Circle Panama City, FL $ 3,404,000
644 Caladium Circle
$ 3,404,000
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644 Caladium Circle

Panama City, FL, 32401
$ 3,404,000
Bedrooms-- Baths26.0

Monthly Estimate*

$ 20,959

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Commercial Property for sale in Panama City, FL

for $3,404,000 with 26 full baths. This building was built in 1982 on a lot size of 0.26.

644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ''each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies. With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.

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Commercial Active

Price

$ 3,404,000

Full Bath

26

Property Type

Commercial

Taxes

$ 14,003

Style

Lot Size

0.26

Year Built

1982

Town/City

Panama City

County/Region

Bay

MLS | Web ID

R11145663

Features
General
Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Cable Available
Possession Close Of Escrow Negotiable
Roof Other
Security Features Fire Sprinkler System
Year Built 1982
Electric 3 Phase
Tenant Pays Electricity
Stories Count 2
Levels Two
Property Subtype Multi Family
Tax Year 2024
County Bay
Property Type Commercial Sale
Status Active
Directions From Hwy 79 take Front Beach Road East to Gulf. Take a left and building will be first one on the left.
City Panama City
Number Of Units Total 26
MLS Area 5940 - Other Florida County
Tax Annual Amount 14003
Virtual Tour https://www.propertypanorama.com/644-Caladium-Circle-Panama-City-FL-32401/unbranded
Standard Status Active
Property Sub Type Additional Multi Family
Legal Description OPEN SANDS LOTS 1 & 2 BLK A ORB 3898 P 1025 & OPEN SANDS (1.01) TRI PCL ADJ S LINE BLK A ORB 3898 P 1025
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Interior
Flooring Other
Air Conditioning Y/N true
Heating Y/N true
Total Baths 26
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Exterior
Water Source Public
Lot Size Area 11325.6
Lot Size Acres 0.26
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* Excluded Features
List By
Marcy L O'Donnell

Listing Agent

Affordability Calculator

$22,126
Per Month
95%
5%
0%
Monthly Principal & Interest
$20,959
Monthly Property Taxes
$1,167
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/15/2026$3,404,000 Listed Price

Map


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644 Caladium Circle, Panama City, FL, 32401 is a Commercial Property for sale at $3,404,000 with a lot size of 0.26. 644 Caladium Circle has 26.0 baths and was built in 1982. The property's zip code is 32401 which is in Panama City, FL