CURRENTLY UNDER CONTRACT SELLER WILL CONSIDER BACK UP OFFERS - Remarkable opportunity for investors, first-time homebuyers, or anyone looking for an affordable property with flexibility and proven rental appeal. This charming home has previously been used as an Airbnb and has hosted military families in transition, buyers waiting on delayed closings, and guests needing an affordable place to stay with room for both family and belongings. Located directly across from Springfield Community Park and close to Tyndall Air Force Base, this property offers convenience, comfort, and income potential. It is also less than 30 minutes from Panama City Beach, making it a smart option for a short-term rental, long-term rental, or primary residence. As you enter the home, you are welcomed by a great enclosed front porch with glass doors leading into the living room. The kitchen is compact yet functional and features newer stainless steel appliances. The main level offers two bedrooms, while the upstairs bedroom includes its own bathroom with a spacious granite countertop, plus a private balcony perfect for enjoying the evening breeze. The interior walls and trim have been freshly painted, and the exterior painting has just been completed. New light fixtures have also been added. Carpets on stairs and upstairs will need replacing, and the roof was replaced in 2019. The spacious backyard includes a storage building and firepit area, ideal for relaxing, entertaining, or roasting marshmallows. Whether you are looking for an affordable starter home, a long-term rental, or an Airbnb-style investment property with rental history available, 403 Transmitter Road is a property worth considering Seller is seeking cash, conventional financing, or special investor financing such as DSCR loan options where applicable.
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
10/10 Heat Factor
5 days above 105° expected this year, 15 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Panama City, FL • 32401
Average low and high temperatures (°F)
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73
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63
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66
48
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Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 403 Transmitter Rd
$198,152
$748 under list price of $199K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $110K to $245K.