OFF MARKET

Off Market Nov 2023 for $230K

$211,405

Est. refi paymentEst. refi $1,649/mo

•

1,522

sq ft

507 Palermo Rd, Panama City, FL 32405

About this home

This spacious home is clean and move in ready in Panama City! BRAND NEW Roof, HVAC, windows, stainless steel appliances, shaker cabinets, light fixtures, ceiling fans, vanities and new flooring throughout. Home has fresh paint inside and out. Kitchen has a gorgeous new granite island with plenty of countertop space and new shaker cabinets. Don't miss your opportunity to own this beautifully remodeled home! Flood Zone X. No HOA.

TownhomeProperty Type

1983Year Built

$139Est. Price/Sq.Ft.

Listed by Khuslen Erkhbayar • World Impact Real Estate

Bought with John Claunch • Beachy Beach Real Estate

Redfin checked: a few seconds ago

•Source:CPARMLS #745231

Redfin Estimate

$211,405

$19K since sold in November 2023$11K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 2.7% lower than the average sale price ($217K) of 5 comparable homes.

SOLD JUL 1, 2026
$160,000
A
3 beds2.5 baths1,401 sq ft
3902 Solano Rd, Panama City, FL 32405
SOLD AUG 20, 2026
$195,000
B
3 beds2.5 baths1,337 sq ft
545 Palermo Rd, Panama City, FL 32405
SOLD FEB 10, 2026
$165,000
C
3 beds2.5 baths1,401 sq ft
3938 Solano Rd, Panama City, FL 32405
SOLD MAY 28, 2026
$370,000
D
3 beds2.5 baths1,690 sq ft
1291 Capri Dr, Panama City, FL 32405
SOLD SEP 12, 2025
$196,600
E
3 beds2.5 baths1,401 sq ft
505 Palermo Rd, Panama City, FL 32405

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Earn from this home

Sell

$22,914

Est. take-home

List your home with Redfin and save $1,842

Refinance

Est. cash available

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Rent

$1,775/mo

Redfin rental estimate

List your home for rent

Market trends in 32405, FL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

96.2%

+0.0% MoM

Median sale price

$350K

$15K MoM

Avg. days on market

68d

6 days MoM

Recently sold homes

123

12 MoM

New listings for sale

NEW 7 HRS AGO
$450,000
4 beds2 baths2,039 sq ft
909 Mallory Dr, Panama City, FL 32405
$250,000
2 beds1.5 baths1,182 sq ft
112 Ridgecrest Ct, Panama City, FL 32405
$164,900
2 beds1.5 baths972 sq ft
3119 Debra Blvd, Panama City, FL 32405
$835,000
6 beds4 baths4,230 sq ft
3610 Florida Ave, Panama City, FL 32405
$319,999
4 beds2 baths1,728 sq ft
3039 Headland Ave, Panama City, FL 32405
$1,797,000
2 beds1.5 baths11,664 sq ft
1623 N James Ave, Panama City, FL 32405
$289,000
3 beds2 baths1,431 sq ft
2805 Airport Rd, Panama City, FL 32405
$349,500
3 beds2 baths2,347 sq ft
1615 W 24th St, Panama City, FL 32405
$369,900
4 beds2 baths1,835 sq ft
724 Cason Cir, Panama City, FL 32405
$249,999
3 beds1 bath1,308 sq ft
1209 Emory Dr, Panama City, FL 32405
See all

Provided by Redfin

Sale history for 507 Palermo Rd

Date

Event

Price

CPARMLS #745231

Nov 3, 2023

Sold

$230,000

$151/sq ft

Oct 2, 2023

Price Changed

$239,000

$157/sq ft

Sep 19, 2023

Price Changed

$244,000

$160/sq ft

Aug 15, 2023

Listing Removed

—

Aug 15, 2023

Listed

$249,000

$164/sq ft

CPARMLS #741530

Jun 14, 2023

Sold

$135,000

$89/sq ft

May 16, 2023

Listed

$139,900

$92/sq ft

+10

CPARMLS #401831

Dec 14, 2021

Listing Removed

—

Dec 22, 2009

Listed

$97,500

$64/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,697 (+3.3%)

2024

$2,610 (+29.9%)

$19,800 + $177,773

$197,573

2023

$2,009 (+14.2%)

2022

$1,760 (+14.4%)

2021

$1,538 (+51.7%)

2020

$1,014 (+45.2%)

2019

$699 (−32.6%)

$11,887 + $31,335

$43,222

2018

$1,036 (+0.6%)

$10,967 + $57,438

$68,405

2017

$1,030 (−2.7%)

$10,848 + $57,862

$68,710

2016

$1,058 (−3.1%)

$10,801 + $58,247

$69,048

2015

$1,092 (+0.2%)

$10,640 + $58,670

$69,310

2014

$1,090

Tax history for 507 Palermo Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,697 (+3.3%)

2024

$2,610 (+29.9%)

$19,800 + $177,773

$197,573

2023

$2,009 (+14.2%)

2022

$1,760 (+14.4%)

2021

$1,538 (+51.7%)

2020

$1,014 (+45.2%)

2019

$699 (−32.6%)

$11,887 + $31,335

$43,222

2018

$1,036 (+0.6%)

$10,967 + $57,438

$68,405

2017

$1,030 (−2.7%)

$10,848 + $57,862

$68,710

2016

$1,058 (−3.1%)

$10,801 + $58,247

$69,048

2015

$1,092 (+0.2%)

$10,640 + $58,670

$69,310

2014

$1,090

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

29 ft.

Lot depth

155 ft.

Lot size

4,487 Sq. Ft.

Year renovated

2013

Sq. Ft.

1,481

Year built

1983

Style

Townhouse

County

Bay County

APN

11677155000

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

Property details

Interior

Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1

Room Information
# of Rooms (Total): 6
Room Types: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom

Room 1 Information
Kitchen
Level: First
Dimensions: 8 x 11
Length: 8.0
Width: 11.0

Room 2 Information
Level: Second
Dimensions: 15 x 12
Length: 15.0
Width: 12.0

Room 3 Information
Bedroom
Level: Second
Dimensions: 12.5 x 10
Length: 12.5
Width: 10.0

Room 4 Information
Living Room
Level: First
Dimensions: 18.8 x 13.6
Length: 18.8
Width: 13.6

Room 5 Information
Bedroom
Level: Second
Dimensions: 11 x 9
Length: 11.0
Width: 9.0

Room 6 Information
Dining Room
Level: First
Dimensions: 14 x 10
Length: 14.0
Width: 10.0

Laundry Information
Features: Washer Hookup, Dryer Hookup

Equipment
Appliances: Electric Range, Electric Water Heater

Interior Features
Accessibility Features: Accessible Washer/Dryer, Visitor Bathroom

Exterior

Building Information
Roof Details: Shake
Construction Details: Frame, HardiPlank Type

Exterior Features
Patio And Porch Features: Covered, Porch

Mobile Home Information
Mobile Dimension Units: Feet

Lot Information
Lot Size Dimensions: 29x155
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Zoning Description: Resid Multi-Family

Property Information
Foundation Details: Slab
Development Status: Remodeled/Upgraded

Financial

Tax Information
Annual Tax Amount: $1,760
Tax Year: 2022

Utilities

Utility Information
Utilities: Water Connected
Sewer: Public Sewer

Heating & Cooling
Has Cooling
Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Has Heating
Heating: Electric, ENERGY STAR Qualified Equipment, Forced Air

Location

Multi Unit Information
Units Furnished: None

Community Information
Community Features: Short Term Rental Allowed

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 1,481
Stories: 2.0
Lot Size: 4,487 square feet
Style: Townhouse
Year Built: 1983
Year Renovated: 2013
County: Bay County
APN: 11677155000

Home facts updated by county records on Jun 18, 2026

Around this home

Schools

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 • 1.6mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

In this area, properties receive around 9.6 hours in June and 5.6 hours in December, placing it above the U.S. average for solar exposure.

9.6 hrs

5.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$201,000 – $244,000

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New listings for sale in 32405

NEW 7 HRS AGO

$450,000

4 beds2 baths2,039 sq ft

909 Mallory Dr, Panama City, FL 32405

$250,000

2 beds1.5 baths1,182 sq ft

112 Ridgecrest Ct, Panama City, FL 32405

$164,900

2 beds1.5 baths972 sq ft

3119 Debra Blvd, Panama City, FL 32405

$835,000

6 beds4 baths4,230 sq ft

3610 Florida Ave, Panama City, FL 32405

$319,999

4 beds2 baths1,728 sq ft

3039 Headland Ave, Panama City, FL 32405

$1,797,000

2 beds1.5 baths11,664 sq ft

1623 N James Ave, Panama City, FL 32405

$289,000

3 beds2 baths1,431 sq ft

2805 Airport Rd, Panama City, FL 32405

$349,500

3 beds2 baths2,347 sq ft

1615 W 24th St, Panama City, FL 32405

$369,900

4 beds2 baths1,835 sq ft

724 Cason Cir, Panama City, FL 32405

Home values near 507 Palermo Rd

Data from public records.

Address	Redfin Estimate
521 Palermo Road, Panama City, FL 3 Beds \| 2.5 Baths \| 1271 Sq. Ft.	$207,241
527 Palermo Road Apartment 2B, Panama City, FL 3 Beds \| 3 Baths \| 1337 Sq. Ft.	$172,873

Address	Redfin Estimate
525 Palermo Road, Panama City, FL 3 Beds \| 3 Baths \| 1349 Sq. Ft.	$174,033
523 Palermo Road, Panama City, FL 3 Beds \| 2.5 Baths \| 1271 Sq. Ft.	$217,327

Address	Redfin Estimate
531 Palermo Road, Panama City, FL 3 Beds \| 2.5 Baths \| 1337 Sq. Ft.	$207,085
515 Palermo Road, Panama City, FL 3 Beds \| 3 Baths \| 1401 Sq. Ft.	$180,664

Property information provided by CPARMLS when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 32405, FL

Sale history for 507 Palermo Rd

Tax history for 507 Palermo Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 32405

Home values near 507 Palermo Rd

More real estate resources