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644 Caladium Circle, Panama City, FL 32401 (MLS# R11145663)

644 Caladium Circle, Panama City, FL 32401

$3,404,000
Property Type: Commercial Sale Status: Active
Current Price: $3,404,000 List Date: 12/05/2025 Last Modified: 4/23/2026

Overview

Description

644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ€''each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies.

Supplements: With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.

Listing Details MLS# R11145663

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
26
Building Area Source
Owner
Year Built
1982
Lot Size Area
11325.6
Lot Size Acres
0.26
Stories
2

Property Features

Building Features: Free Standing Documents Available: Financial Statement Electric: Three Phase Flooring: Other Heating: Electric Possession: Close Of Escrow; Negotiable Sale Includes: Building; Land Tenant Pays: Electricity Cooling: Wall/Window Unit(s) Listing Terms: Assumable; Cash; Conventional Roof: Other Security Features: Fire Sprinkler System Sewer: Public Sewer Utilities: Cable Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Contract Information

Comp Sale YN
No
Original List Price
3404000

Location and Legal

Country
United States
County Or Parish
Bay
County Parish Name
Bay
Street Number
644
Street Name
Caladium
Street Suffix
Circle
City Name
Panama City
State Or Province
FL
Postal Code
32401
Area
5940 - Other Florida County
Geographic Area
Other
Parcel Number
33832001000
Zoning
Commercial
Directions
From Hwy 79 take Front Beach Road East to Gulf. Take a left and building will be first one on the left.
Property Description
Emerald Bay

Financial Information

Tax Annual Amount
14003
Tax Year
2024
Tax Legal Description
OPEN SANDS LOTS 1 & 2 BLK A ORB 3898 P 1025 & OPEN SANDS (1.01) TRI PCL ADJ S LINE BLK A ORB 3898 P 1025

Status Change Information

Major Change Timestamp
2025-12-05T19:39:37Z
Major Change Type
New Listing
Status Change Date
2025-12-05

More Information

Building and Property Details

# Of Toilets
26
% Air Conditioned
100
Maximum Ceiling Height
8

Originating Details

Originating System Key
20251205192945598907000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Other
Yes

Documents Available

Financial Statement
Yes

Tenant Pays

Electricity
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Building Features

Free Standing
Yes

Heating

Electric
Yes

Sale Includes

Building
Yes
Land
Yes

Listing Terms

Assumable
Yes
Cash
Yes
Conventional
Yes

Roof

Other
Yes

Security Features

Fire Sprinkler System
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
IDX
Listing Office: Luxe Coastal Realty Group LLC
Last Updated: April - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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