16200 Habanero Ave, Panama City Beach, FL 32413

Spacious Panama City Beach Home: Incredible Value in a Shifting Market!

Discover an exceptional opportunity at 16200 Habanero Ave, Panama City Beach, FL 32413! This expansive 3-bedroom, 2-bathroom single-family home offers a generous 1,984 sqft of comfortable living space on a sizable 0.27-acre lot. Built in 1972, this solid home provides a fantastic canvas for your dream coastal lifestyle, featuring a fireplace and a detached garage. It offers ample space for a family, vacation rental, or a peaceful permanent residence.

Priced at an attractive $299,000, with an estimated refinance payment of just $2,181/month, this property presents remarkable value in the current Panama City Beach market. This price is significantly below the typical home value of $422,613 (Zillow, June 2025) and the median sale price of $374,900 (Bankrate, January 2025) for the area. The Zestimate for this specific property is $332,300, suggesting considerable immediate equity potential for the discerning buyer.

Panama City Beach is currently experiencing a “Buyer’s Market,” with home values having decreased by 6.8% over the past year (Zillow, June 2025) and homes staying on the market longer (average of 87 days to pending). This provides a prime opportunity for buyers to secure a property at a more favorable price. The average rent for a 3-bedroom house in Panama City Beach ranges from $2,100 to $3,500+, indicating strong potential for rental income for investors. Enjoy Panama City Beach’s vibrant coastal lifestyle, beautiful white-sand beaches, recreational activities, and welcoming community, all while benefiting from a property priced to sell!