OFF MARKET

Off Market Dec 2023 for $225K

$207,085

Est. refi paymentEst. refi $1,913/mo

•

1,337

sq ft

531 Palermo Rd, Panama City, FL 32405

About this home

Welcome to your new Venetian Villa townhome. This desirable end-unit has been completely renovated and is move-in ready. With 3 bedrooms, 2.5 bathrooms and 1337 sqft this home makes a perfect starter home or home for a growing family. Being STR eligible it would also make a great investment property. Downstairs you have an open concept living/dining room with ceramic tile flooring. The kitchen has been upgraded with granite countertops and lots of cabinetry. you will find a half bathroom underneath the stairs. There is a covered porch overlooking your quiet, privacy fenced backyard perfect for entertaining guests. Upstairs you have the main bedroom with en-suite and an additional 2 bedrooms and another full bathroom. This townhome is centrally located, close to shopping, entertainment, restaurants and schools. Don't wait, come and see this home today! All information and measurements are approximate and should be verified by buyer.

TownhomeProperty Type

1981Year Built

3,920 sq ftLot Size

$155Est. Price/Sq.Ft.

4 spacesParking

Listed by Stanislav Perminov • Keller Williams Success Realty

Bought with Non Member Agent (NABOR) • Non Member Office (NABOR)

Redfin checked: 3 minutes ago

•Source:ECAR #934138

Redfin Estimate

$207,085

$18K since sold in December 2023$15K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 3.2% lower than the average sale price ($214K) of 6 comparable homes.

SOLD AUG 20, 2026
$195,000
A
3 beds2.5 baths1,337 sq ft
545 Palermo Rd, Panama City, FL 32405
SOLD JUL 1, 2026
$160,000
B
3 beds2.5 baths1,401 sq ft
3902 Solano 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 SEP 12, 2025
$196,600
D
3 beds2.5 baths1,401 sq ft
505 Palermo Rd, Panama City, FL 32405
SOLD MAY 28, 2026
$370,000
E
3 beds2.5 baths1,690 sq ft
1291 Capri Dr, Panama City, FL 32405
SOLD JAN 15, 2026
$196,883
F
3 beds2 baths1,084 sq ft
3906 Venetian Cir, Panama City, FL 32405

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Earn from this home

Sell

$21,755

Est. take-home

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Refinance

Est. cash available

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Rent

$1,711/mo

Redfin rental estimate

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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

$250,000
2 beds1.5 baths1,182 sq ft
112 Ridgecrest Ct, Panama City, FL 32405
NEW 29 HRS AGO
$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
$289,900
3 beds2.5 baths1,400 sq ft
1510 Mulberry Ave, Panama City, FL 32405
See all

Provided by Redfin

Sale history for 531 Palermo Rd

Date

Event

Price

ECAR #934138

Dec 29, 2023

Sold

$225,000

$168/sq ft

Dec 19, 2023

Price Changed

$225,000

$168/sq ft

Dec 19, 2023

Pending

—

Oct 9, 2023

Listed

$233,000

$174/sq ft

CPARMLS #743017

Dec 29, 2023

Sold

$225,000

$168/sq ft

Nov 19, 2023

Price Changed

$225,000

$168/sq ft

Nov 6, 2023

Price Changed

$227,000

$170/sq ft

Oct 15, 2023

Price Changed

$229,900

$172/sq ft

Oct 2, 2023

Price Changed

$233,000

$174/sq ft

Aug 9, 2023

Price Changed

$234,900

$176/sq ft

Jul 11, 2023

Price Changed

$239,900

$179/sq ft

Jun 20, 2023

Listed

$247,500

$185/sq ft

+19

* Under Contract - Seller is accepting Back-Up offers. * Seller is eager to sell and willing to negotiate closing cost concessions or a rate buy down with approved offer. Welcome to your new Venetian Villa townhome. This desirable end-unit has been completely renovated and is move-in ready. With 3 bedrooms, 2.5 bathrooms and 1337 sqft this home makes a perfect starter home or home for a growing family. Being STR eligible it would also make a great investment property. Downstairs you have an open concept living/dining room with ceramic tile flooring. The kitchen has been upgraded with granite countertops and lots of cabinetry. you will find a half bathroom underneath the stairs. There is a covered porch overlooking your quiet, privacy fenced backyard perfect for entertaining guests. Upstairs you have the main bedroom with en-suite and an additional 2 bedrooms and another full bathroom. This townhome is centrally located, close to shopping, entertainment, restaurants and schools. Don't wait, come and see this home today! All information and measurements are approximate and should be verified by buyer.

CPARMLS #640499

Apr 3, 2016

Listing Removed

—

Feb 9, 2016

Listed

$109,000

$82/sq ft

CPARMLS #313958

Dec 12, 2003

Sold

$72,900

$55/sq ft

Nov 3, 2003

Listed

$74,900

$56/sq ft

CPARMLS #117329

Sep 21, 2001

Sold

$61,000

$46/sq ft

Jan 30, 2001

Listed

$64,000

$48/sq ft

Public Records

Dec 1, 1996

Sold

$53,500

$40/sq ft

Public Records

Dec 1, 1986

Sold

$40,000

$30/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,516 (+4.9%)

$18,815 + $184,819

$203,634

2024

$3,353 (+311.7%)

$19,800 + $173,830

$193,630

2023

$814 (−3.5%)

2022

$844 (+7.5%)

2021

$785 (+13.4%)

2020

$692 (+60.8%)

2019

$430 (−11.7%)

$11,887 + $42,537

$54,424

2018

$487 (+1.2%)

$10,967 + $56,797

$67,764

2017

$482 (−3.5%)

$10,848 + $56,018

$66,866

2016

$499 (−4.6%)

$10,801 + $57,074

$67,875

2015

$523 (−0.8%)

$10,640 + $58,131

$68,771

2014

$527

Tax history for 531 Palermo Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,516 (+4.9%)

$18,815 + $184,819

$203,634

2024

$3,353 (+311.7%)

$19,800 + $173,830

$193,630

2023

$814 (−3.5%)

2022

$844 (+7.5%)

2021

$785 (+13.4%)

2020

$692 (+60.8%)

2019

$430 (−11.7%)

$11,887 + $42,537

$54,424

2018

$487 (+1.2%)

$10,967 + $56,797

$67,764

2017

$482 (−3.5%)

$10,848 + $56,018

$66,866

2016

$499 (−4.6%)

$10,801 + $57,074

$67,875

2015

$523 (−0.8%)

$10,640 + $58,131

$68,771

2014

$527

*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
Permits

Beds

Baths

Stories

Lot width

27 ft.

Lot depth

140 ft.

Lot size

3,746 Sq. Ft.

Year renovated

2011

Sq. Ft.

1,337

Year built

1981

Style

Townhouse

County

Bay County

APN

11677018000

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.

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

Parking

Parking Information
No
No
Driveway Spaces: 4.00

Interior

Bedroom Information
Bedrooms: 3
Bedroom: Second
Master Bedroom: Second

Bathroom Information
Full Baths: 2
Half Baths: 1
Total Baths: 3.00
Master Bedroom/Master Bath: MBath Shower Only

Room Information
Rooms: Bedroom, Living Room, Master Bedroom
Living Room: First

Room 1
Master Bedroom
Area: 204.00
Dimensions: 17 x 12
Length: 17.00
Width: 12.00
Level: 2

Room 2
Bedroom
Area: 120.00
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Level: 2

Room 3
Bedroom
Area: 120.00
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Level: 2

Room 4
Living Room
Area: 204.00
Dimensions: 17 x 12
Length: 17.00
Width: 12.00
Level: 1

Room 5
Living Room
Area: 204.00
Dimensions: 17 x 12
Length: 17.00
Width: 12.00
Level: 1

Interior Features
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
Interior: Floor Tile, Newly Painted, Pantry, Washer/Dryer Hookup

Exterior

Exterior Features
Pool Type: None
Exterior: Fenced Back Yard, Patio Covered

Lot Information
Acreage: 0.09
Lot Features: Curb & Gutter, Sidewalk
Lot/Parcel Access: City Road
Zoning: Residential Single Family

Building Information
Construction Status: Construction Complete
Construction/Siding: Siding Wood

Financial

Tax Information
Last Tax Year: 2022
Last Taxes: 844.00

Financial Information
Mortgage Type: VA
Financing: Conventional, FHA, VA
Brokerage Interest: No Interest

Utilities

Utility Information
Utilities: Electric, Public Sewer, Public Water
Energy: AC - Central Elect, Heat Cntrl Electric

Location

School Information
Elementary School: Northside
Middle School: Mowat
High School: Mosley

Location Information
Sub Area: 2704 - Bay - Central NW
Area: 27 - Bay County
Street #: 531
Street Name: Palermo
Street Suffix: Road
City: Panama City
County: Bay
State: FL
Zip Code: 32405
Project Name/Subdivision: VENETIAN VILLA
Absolute Longitude: 85.668585
Longitude: -85.668585
Latitude: 30.218875
Directions: West On Hwy 390. Then take a right on Venetian Way. Then make a left on Salano. Turn right on Palermo townhouse will be on the left.

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 1,337
Stories: 2.0
Lot Size: 3,746 square feet
Style: Townhouse
Year Built: 1981
Year Renovated: 2011
County: Bay County
APN: 11677018000

Home facts updated by county records on Jun 18, 2026

Other

Listing Price Information
List Price: 225000.00
List Price/SqFt: 168.29

Property Information
Apx SqFt(Htd/Cooled): 1337.00
Design: Townhome
Sub-Type: Attached Single Unit

Listing Information
As Is

Around this home

Schools

Northside Elementary School

Public PreK-5 • Assigned • 2.4mi

4/10

Mowat Middle School

Public 6-8 • Assigned • 1.0mi

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

1/10 Fire Factor

Unlikely to be 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

$197,000 – $239,000

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Home values near 531 Palermo Rd

Data from public records.

Address	Redfin Estimate
545 Palermo Road, Panama City, FL 3 Beds \| 2.5 Baths \| 1337 Sq. Ft.	$197,866
521 Palermo Road, Panama City, FL 3 Beds \| 2.5 Baths \| 1271 Sq. Ft.	$207,241

Address	Redfin Estimate
549 Palermo Road, Panama City, FL 3 Beds \| 3 Baths \| 1349 Sq. Ft.	$177,925
525 Palermo Road, Panama City, FL 3 Beds \| 3 Baths \| 1349 Sq. Ft.	$174,033

Address	Redfin Estimate
507 Palermo Road, Panama City, FL 3 Beds \| 2.5 Baths \| 1522 Sq. Ft.	$211,405
559 Palermo Road, Panama City, FL 3 Beds \| 2.5 Baths \| 1349 Sq. Ft.	$207,589

Property information provided by ECAR 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 531 Palermo Rd

Tax history for 531 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 531 Palermo Rd

More real estate resources