119 Pearl Avenue, Panama City Beach, FL 32413

Pending

$1,075,000

bedrooms

bathrooms

square feet

1,836

Acreage

2.24

Open Houses

year built

1955

Full Baths

Half Baths

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CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS: Discover an unparalleled RARE opportunity! Nestled on a generous 2.24-acres this unique property caters to both visionary builders and those dreaming of a vast, private homestead. The 1,836 sq ft original homestead was tailored for versatility and spacious living, with 3 bedrooms, 2 bathrooms. Additional rooms offer flexibility to be used as office area/ bedrooms. Character and warmth pervade the home, notably through two gas fireplaces and the Wood paneling throughout that add a cozy ambiance to the living spaces. Right off the kitchen walk out in the 15 x 15 Sunroom to enjoy the serene view. Take note of the presence of updated windows coupled with hurricane shutters, new metal roof in 2019 and a Generac generator that ensures year-round safety and comfort, safeguarding against the elements. For those with an eye for development, the land presents a lucrative opportunity: demolish the current dwelling to reveal 6 buildable lots or retain the home to enjoy a vast homestead with the option of developing 4 additional lots. The property is also equipped with numerous metal-roofed storage sheds (14x14, 12x10, 14x12 with electric) and a large 42x20 pole barn, enhancing its functionality and appeal as a true hidden treasure. Located mere minutes from the bustling Pier Park, known for its vibrant dining, entertainment, and shopping, and close to the idyllic 30A and Frank Brown Park, this property promises a lifestyle of ease and enjoyment. The neighborhood is golf cart-friendly, near an array of shops and restaurants, and offers proximity to the Gulf of Mexico's exquisite sugar-white sands. With no HOA to limit your vision, this property stands as a versatile canvas for creating a grand homestead or embarking on a lucrative development project, capturing the essence of serene living and remarkable potential in Panama City Beach.

Location
Subdivision	Gulf Highlands
County	Bay
Elementary School	Hutchison Beach
Middle School	Surfside
High School	Arnold

Driving directions

Open houses

None scheduled.

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MLS number: 754453

Listing agent: Carl E Allen #3168405

Listing broker: Counts Real Estate Group Inc (850) 249-3615

Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 3:27 p.m. EDT

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