FOR SALE BY OWNER

For sale

$225,000

Est. $1,591/mo —

•

— ba

•

1,401

sq ft

501 Palermo Rd, Panama City, FL 32405

About this home

TownhomeProperty Type

1983Year Built

$161Price/Sq.Ft.

2 car garageParking

Listing updated: Jan 5, 2026 at 02:00am

Redfin checked: 6 hours ago

•Source:Fizber.com #11563516

Payment calculator

$1,591 per month

Principal and interest$1,182

Property taxes

$230

HOA dues

Home insurance

$178

Utilities

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Open houses

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Around this home

Schools

K - 12
Preschool & daycare

Northside Elementary School

Public PreK-5 • Assigned • 2.4mi

4/10

Mowat Middle School

Public 6-8 • Assigned • 0.9mi

5/10

A. Crawford Mosley High School

Public 9-12 • Assigned • 1.5mi

6/10

Provided by GreatSchools

About Venetian

Villas

Venetian Villas, located between St. Andrews Bay and the Hathaway Bridge corridor, is a waterfront and residential Panama City neighborhood with canal-lined streets and boat-ready docks. The neighborhood’s character concentrates around the Beck Avenue waterfront, where marinas, bait-and-tackle counters, and low-key seafood spots set a working-bay tone. Mid-century Florida ranch homes and newer coastal builds sit beside palms and seawalls, with many lots oriented to the water. Days tend to revolve around the bay breeze, paddle launches, and sunset walks along the shoreline. Community touchstones nearby include Uncle Ernie’s Bayfront Grill, the Panama City Marina, and the Martin Theatre.

Provided by Walk Score and Local Logic

Market insights

501 Palermo Rd · $225,000

DAYS ON MARKET

The average home goes pending in 111 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median sale price in this area is $288,210. (28% higher than this home)

PRICE DROP

24% of homes in this area have had a price drop in the past month.

Property details

Sale and tax history for 501 Palermo Rd

Sale History
Tax History

Date

Event

Price

CPARMLS #788159

Apr 8, 2026

Listed

$182,000

$130/sq ft

Fizber.com #11563516

Jan 5, 2026

Listed

$225,000

$161/sq ft

ECAR #958315

Jan 13, 2025

Price Changed

$220,000

$157/sq ft

Dec 17, 2024

Price Changed

$225,000

$161/sq ft

Aug 30, 2024

Listed

$230,000

$164/sq ft

CPARMLS #744094

Sep 11, 2023

Sold

$172,500

$123/sq ft

Jul 18, 2023

Listed

$199,900

$143/sq ft

CPARMLS #357488

Dec 14, 2021

Listing Removed

—

Sep 19, 2006

Listed

$135,000

$96/sq ft

CPARMLS #302428

Dec 14, 2021

Listing Removed

—

Feb 18, 2002

Listed

$72,500

$52/sq ft

CPARMLS #331498

May 20, 2005

Sold

$122,500

$87/sq ft

Apr 15, 2005

Listed

$125,000

$89/sq ft

CPARMLS #308313

Feb 26, 2003

Sold

$66,000

$47/sq ft

Jan 27, 2003

Listed

$66,000

$47/sq ft

Public Records

Apr 30, 2001

Sold

$65,000

$46/sq ft

CPARMLS #138300

Feb 15, 2001

Sold

$50,000

$36/sq ft

Jan 20, 2000

Listed

$59,000

$42/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,764 (+4.0%)

$18,815 + $137,216

$156,031

2024

$2,657 (+64.1%)

$19,800 + $129,679

$149,479

2023

$1,620 (+27.1%)

2022

$1,274 (+8.6%)

2021

$1,173 (+4.4%)

$13,000 + $45,363

$58,363

2020

$1,123 (+42.5%)

2019

$788 (−14.4%)

$11,887 + $36,870

$48,757

2018

$920 (+0.3%)

$10,967 + $49,807

$60,774

2017

$918 (−3.0%)

$10,848 + $50,377

$61,225

2016

$946 (−3.5%)

$10,801 + $50,947

$61,748

2015

$980

$10,640 + $51,517

$62,157

2014

$980

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

27 ft.

Lot depth

161 ft.

Lot size

4,312 Sq. Ft.

Year renovated

2003

Finished Sq. Ft.

1,401

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,401

Year built

1983

Style

Townhouse

County

Bay County

APN

11677158000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 18, 2026.

MU-3

Mixed Use-3 District

The purpose of this zoning district is to provide areas for high-density residential development, in combination with high intensity non-residential such as professional offices, educational, and commercial uses.

Zone overlays

Gateway Overlay District

Permitted uses

Include but are not limited to:

Day care facility
Laundromat
General retail
Retail-Grocery
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Office

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

10/10 Heat Factor

7 days above 104° expected this year, 22 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 • 32405

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

73/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

7.6 hrs

5.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 501 Palermo Rd

There isn’t enough information to generate an accurate estimate at this time. Learn More

Rental earnings

Est. $1,755 per month, based on comparable rentals

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