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201 Armstrong Circle, Panama City Beach, FL 32413

GULF HIGHLANDS UNIT 2 · Bay County

Key Facts

5Beds
3Baths
2,494Sq Ft
1978Year Built
0.17Lot (acres)
2Garage

Description

JUST REDUCED AND SELLER IS OFFERING $5000 INCENTIVE TO BUYER AT CLOSING WITH AN ACCEPTABLE OFFER! Spacious Panama City Beach Home with Private Entrance Mother-In-Law Suite/Apartment - just minutes to the Beach and the new Tallahassee Memorial Hospital! Centrally located in the heart of Panama City Beach, this inviting home offers flexible living space, thoughtful updates, and outdoor features designed for everyday enjoyment. Just 1/8 mile to the beach, five minutes to the new hospital, ten minutes to Pier Park and just 20 minutes to the International Airport, the home is also nestled in a neighborhood known for its great location to shopping, dining, neighbors, nearby park, and festive seasonal decorations that make it especially enjoyable for families. A standout feature is the private attached mother-in-law suite, offering a bedroom, private bathroom, huge walk-in closet, and additional living/bonus space. This layout provides excellent flexibility for extended family, guests, a private workspace, or a quiet retreat. A centrally located home office, craft room/bonus room adds even more versatility. The main home features an open floor plan with granite countertops, updated cabinetry, Luxury Vinyl Plank and tile flooring, all completed during the 2017 renovation. Additional updates include new garage doors and a metal roof replaced in 2017. Important system updates include two separate AC units (front and back zones), with duct work added to the mother-in-law suite/apartment. Units were replaced in 2017 and 2018. Interior updates in 2017 also included tubs, tile, carpet, and the mother-in-law suite/apartment bathroom. Outdoor features add even more appeal with a pergola-covered area perfect for relaxing or entertaining, added backyard sidewalks, a widened driveway, and a privacy fence installed in 2022. The property also includes a two-car garage and wiring already installed for security cameras (just add your own hard drive). This home has been well loved and well lived in, filled with years of family memories. Even more reassuring for buyers in the area, the property has experienced no flooding and no homeowner's insurance claims. This is a phenomenal property with so many options! It can be a primary residence with an income producing apartment or short-term rental, especially with the new hospital so close and the bonus room/office space could allow you to work from home! There are endless possibilities! Don't miss this opportunity!

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Beach House

Year Built

1978

Living Area

2,494 sq ft

Lot Size

0.17 acres

Lot Dimensions

61x120

Garage Spaces

2

Zoning

Resid Single Family

Days on Market

78

MLS® Listing#

998309

Property Features

Interior

Crown MoldingVaulted Ceiling(s)In-Law FloorplanKitchen IslandRecessed Lighting

Appliances

DishwasherDisposalDryerMicrowaveWasherElectric Water HeaterElectric Oven

Cooling

Central AirElectric

Heating

CentralElectric

Flooring

TileVinylCarpet

Pool

None

Parking

Converted GarageAttachedGarage

Patio

Porch

Fencing

Privacy

Lot Features

Corner LotInterior Lot

Construction

Brick

Roof

Metal

Utilities

Cable AvailableElectricity AvailablePhone Available

Sewer

Public Sewer

Water Source

Public

Rooms

  • 0 x 0First
  • Bedroom10 x 10First
  • Bedroom12 x 12First
  • Bedroom10 x 10First
  • Bonus Room11 x 17First
  • Living Room30 x 30First
  • Master Bedroom11 x 10First

Schools

Elementary:
West Bay
Middle:
Surfside
High:
Arnold

Financial Details

Annual Taxes

$2,498

Tax year 2025

Parcel Number

33077-000-000

Directions

Traveling west on Panama City Beach Parkway, turn right onto Armstrong Circle. Property is on the left.

Affordability Calculator

$125,900

Estimated monthly payment

$3,350/mo

Principal $503,600 · Est. interest $702,567 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Panama City Beach, FL

$471,618
Median Listing Price
112
Median Days on Market
1,462
Median Sq Ft
$344
Median Price / Sq Ft
31,969
Active Listings
  • This home’s price is 33% above the area median.
  • Its price per sq ft is 27% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Panama City Beach, FL.

Location

Map showing the location of 201 Armstrong Circle, Panama City Beach, FL 32413

Points of Interest in Panama City Beach, FL

Showing the Panama City Beach area map.

Nearby Schools

  • PCB Academy

    School · 0.5 mi away

  • Surfside Middle School

    Secondary · 2.7 mi away

  • Hutchison Beach Elementary School

    Elementary · 3.8 mi away

  • Surfside Kids Academy

    School · 4.2 mi away

  • West Bay Elementary School

    Elementary · 4.3 mi away

  • Arnold Pre K

    Secondary · 4.6 mi away

  • JR Arnold High School

    Secondary · 4.9 mi away

  • Breakfast Point Academy

    School · 5.2 mi away

  • Primary Prep School

    Elementary · 6.0 mi away

  • St Bernadette Early Childhood Development Center

    School · 6.4 mi away

  • Twisted Fork Culinary Classroom

    School · 7.4 mi away

  • Learning Tree II-Child Development Center

    School · 7.9 mi away

  • Stacey's Fun in the Sun Preschool 2 Inc.

    School · 7.9 mi away

  • Ohana Institute

    School · 8.1 mi away

  • Patronis Elementary School

    Elementary · 8.6 mi away

  • Lucille Moore Elementary School

    Elementary · 11.3 mi away

  • St Andrew School

    School · 11.8 mi away

  • Gulf Coast School for Autism

    School · 11.8 mi away

  • Bacot Academy

    School · 11.9 mi away

  • Covenant Christian School

    School · 12.1 mi away

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Moving Cost Estimate

EXIT Agents in Panama City Beach

Listing Courtesy: Carillon Realty Inc - 8502345600

IDX property data is provided exclusively for consumers’ personal, non-commercial use, and IDX data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS. IDX data provided by the Emerald Coast Association of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by EmeraldCoast. MLS® Listing#998309. © 2026EXIT Realty®. All rights reserved.