For sale

$127,000

Est. $880/mo —

•

1,349

sq ft

557 Palermo Rd, Panama City, FL 32405

About this home

TownhomeProperty Type

1982Year Built

$94Price/Sq.Ft.

Listed by Natalia Sevciuc • Stars Realty

Listing updated: Jul 13, 2026 at 02:59pm

Redfin checked: a few seconds ago

•Source:CPARMLS #789187

Payment calculator

$880 per month

Principal and interest$634

Property taxes

$145

HOA dues

Home insurance

$101

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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OPEN SAT, 10AM TO 12PM
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4 beds2.5 baths1,764 sq ft
826 Brandeis Ave, Panama City, FL 32405
OPEN SAT, 12PM TO 4PM
$253,340
3 beds2 baths1,413 sq ft
3880 Wall St Unit HS 80, Panama City, FL 32404
OPEN SAT, 12PM TO 2PM
$315,000
4 beds2 baths1,830 sq ft
4953 Conner Ln, Panama City, FL 32404
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3 beds3.5 baths2,182 sq ft
2340 Pelican Bay Ct, Panama City, FL 32408
OPEN SAT, 1PM TO 3PM
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OPEN SAT, 1PM TO 3PM
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OPEN SUN, 1:30PM TO 3:30PM3D WALKTHROUGH
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OPEN SEP 4, 11AM TO 2PM3D WALKTHROUGH
$586,900
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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 • 1.0mi

5/10

A. Crawford Mosley High School

Public 9-12 • Assigned • 1.7mi

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

Offer insights

557 Palermo Rd · $127,000

Strong offer

$128K and above

75% chance or better to win

Why $128K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 104 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Interior features
Upper level primary bedroom

Bedrooms
Three bedrooms (all on the second level)
Two bedrooms approx. 15 x 10
Primary bedroom approx. 20 x 15

Bathrooms
Two full bathrooms
One half bathroom

Sale and tax history for 557 Palermo Rd

Sale History
Tax History

Date

Event

Price

CPARMLS #789187

Jul 3, 2026

Price Changed

$127,000

$94/sq ft

Apr 29, 2026

Listed

$190,000

$141/sq ft

CPARMLS #772038

Apr 24, 2026

Listing Removed

—

Apr 17, 2026

Listing Removed

—

May 21, 2025

Price Changed

$179,900

$133/sq ft

Apr 18, 2025

Listed

$199,900

$148/sq ft

CPARMLS #687857

Nov 20, 2019

Sold

$150,000

$111/sq ft

Aug 29, 2019

Listed

$150,000

$111/sq ft

+31

Immaculate townhome in Venetian Village for sale! This 3 Bed / 2.5 Bath townhome has recently been renovated for its next owners - It has NEW exterior stucco - NEW paint inside & out - NEW lighting fixtures and plantation blinds throughout - NEW landscaping - a NEW refrigerator, and MUCH MORE! The home has beautiful vinyl wood floors on the first floor, with tile in the kitchen. The kitchen has a HUGE pantry, and right down the hall a cute 1/2 bathroom with pedestal sink. The 2nd floor has all 3 bedrooms with HUGE closets, a guest bathroom, and the master bathroom with a beautiful custom stained-glass window. The townhome is MOVE-IN-READY, in a great neighborhood, and ready for new occupants. IT WILL NOT LAST LONG!!!

CPARMLS #364479

Jul 10, 2007

Sold

$140,000

$104/sq ft

Mar 8, 2007

Listed

$142,500

$106/sq ft

CPARMLS #326894

Feb 25, 2005

Sold

$112,000

$83/sq ft

Jan 11, 2005

Listed

$112,000

$83/sq ft

CPARMLS #308745

Feb 17, 2003

Sold

$68,000

$50/sq ft

Jan 23, 2003

Listed

$68,000

$50/sq ft

CPARMLS #116073

Mar 16, 2001

Sold

$66,500

$49/sq ft

Jan 25, 2001

Listed

$65,000

$48/sq ft

Public Records

Feb 1, 1999

Sold

$60,000

$44/sq ft

Public Records

Jun 1, 1991

Sold

$47,900

$36/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$1,745 (+3.5%)

2024

$1,686 (−8.1%)

2023

$1,834 (+4.8%)

2022

$1,751 (+1.7%)

2021

$1,722 (−24.2%)

$13,000 + $114,208

$127,208

2020

$2,271 (+137.0%)

$11,887 + $115,740

$127,627

2019

$958 (−13.0%)

$11,887 + $47,391

$59,278

2018

$1,101 (+0.6%)

$10,967 + $61,765

$72,732

2017

$1,095 (−2.0%)

$10,848 + $62,225

$73,073

2016

$1,118 (+101.8%)

$10,801 + $62,128

$72,929

2015

$554

$10,640 + $62,583

$73,223

2014

$554

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

1.5

Lot width

27 ft.

Lot depth

141 ft.

Lot size

3,790 Sq. Ft.

Year renovated

2012

Finished Sq. Ft.

1,349

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,349

Year built

1982

Style

Townhouse

County

Bay County

APN

11677075000

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

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, 21 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

72/ 100

Good sunlight

Sunscore

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

7.9 hrs

4.8 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 557 Palermo Rd

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

Rental earnings

Est. $1,734 per month, based on comparable rentals

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Details provided by CPARMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Offer insights

Property details

Sale and tax history for 557 Palermo Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 557 Palermo Rd

Early Access listings

Nearby similar homes

New listings for sale in 32405

More real estate resources