Address
11921 Caruso Drive, Panama City, FL
Price
$ 325,000
Property Attributes
- MLS#773347
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City
- Area05 - Bay County - East
- Neighborhood[No Recorded Subdiv]
- Zip32404
- Style
- Year Built1981
- Taxes$ 1585
- Price$ 325,000
- Bedrooms12
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage6788
- Lot Size0.98 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation. The building is currently vacant and in need of substantial updates—ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.
| Elementary School | Middle School | High School |
|---|---|---|
| Callaway Elementary School | Rutherford Middle Middle School | Rutherford High School |
| Price History | |
|---|---|
| 9/8/2025 | Listed $325,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Electricity Available |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| Community Features | Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | [No Recorded Subdiv] |
| Status | Active |
| Directions | From hwy 2297 turn right on Caruso, last property on right, right side open |
| High School | Rutherford |
| City | Panama City |
| MLS Area | 05 - Bay County - East |
| Lot Size Units | Acres |
| Lot Size Square Feet | 42689 |
| Elementary School | Callaway |
| Tax Annual Amount | 1585 |
| Middle/Junior High School | Rutherford Middle |
| Standard Status | Active |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Vacant |
| Year Built | 1981 |
| Heating | Central |
| Cooling | Central Air |
| Garage Y/N | false |
| Total Rooms | 12 |
| Full Baths | 5 |
| Architectural Style | Other |
| Stories Count | 1 |
| Levels | One |
| Pool Features | Other,See Remarks |
| New Construction | false |
| Accessibility | Accessible Bedroom,Accessible Common Area,Accessible Closets,Accessible Central Living Area,Accessible Approach with Ramp,Accessible Doors |
Interior Features
| Total Baths | 5 |
|---|---|
| Interior Amenities | Handicap Access |
| Furnished Units | None |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 12 |
| LivingAreaSource | Appraiser |
| Total Stories | 1 |
Exterior Features
| Lot Size Area | 0.98 |
|---|---|
| Lot Dimensions | 150x150x285 |
| Mobile Home Dimensions | Feet |
| Lot Size Acres | 0.98 |
| Road Frontage Type | City Street |
| Building Area Total | 6788 |
| Waterfront Y/N | false |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
