
201 Armstrong Circle, Panama City Beach, FL 32413
GULF HIGHLANDS UNIT 2 · Bay County
Key Facts
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
Appliances
Cooling
Heating
Flooring
Pool
Parking
Patio
Fencing
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
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
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
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1164 Morfontaine Street, Daytona Beach, FL | $440,990 | 4 | 3 | 2,336 |
| 4103 Keeson Circle, Vero Beach, FL | $441,000 | 4 | 2 | 1,934 |
| 4103 Keeson Circle, Vero Beach, FL | $441,000 | 4 | 2 | 1,934 |
| 4103 Keeson Circle, Vero Beach, FL | $441,000 | 4 | 2 | 1,934 |
| 2609 Briarcliff Road, Panama City, FL | $441,500 | 4 | 3 | 2,665 |
| 1124 MORFONTAINE STREET, DAYTONA BEACH, FL | $441,990 | 5 | 3 | 2,490 |
Moving Cost Estimate
EXIT Agents in Panama City Beach
Listing Courtesy: Carillon Realty Inc - 8502345600
















