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11921 Caruso Drive

Panama City, FL 32404
  • $325,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 773347
UPDATED: 61 min ago
$325,000
  • 12
    BEDS
  • 0.98
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 6,788
    SQFT
  • $48
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1981
County:
Bay

School Information

Elementary School:
Middle School:
High School:

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.

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© 2025 Central Panhandle Association of Realtors MLS. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Blue Swell Realty. Data last updated: 2025-06-13T20:04:00.713.
www.blueswellrealty.com/homes/163716492
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11921 Caruso Drive Panama City, FL 32404

  • Price: $325,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 61 min ago
  • MLS #: 773347
12
Beds
5
Baths
0
½ Baths
0.98
Acres
6,788
SQFT
$48
$/SQFT
1981
Built
Neighborhood:
[No Recorded Subdiv]
County:
Bay
Area:
Bay County-East
Elementary School:
Callaway
Middle School:
Rutherford Middle
High School:
Rutherford
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.
Exterior Features

Architectural Style Other Garage YN No Pool Features None Road Frontage Type City Street

Interior Features

Accessibility Features Accessible Bedroom Accessible Common Area Accessible Closets Accessible Central Living Area Accessible Approach with Ramp Accessible Doors Cooling Central Air Cooling YN Yes Furnished Unfurnished Heating Central Heating YN Yes Rooms Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom (First Level)

Property Features

Association YN No Community Features Short Term Rental Allowed Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Conventional Lot Size Dimensions 150x150x285 Occupant Type Vacant Property Attached YN No Property Sub Type Detached Property Sub Type Additional Detached Single Family Residence Tax Annual Amount 1585 Tax Year 2024 Waterfront YN No Zoning Description Other - See Remarks

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Counts Real Estate Group Inc: (850) 249-3615. Listing information © 2025 Central Panhandle Association of Realtors MLS.


© 2025 Central Panhandle Association of Realtors MLS. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Blue Swell Realty. Data last updated: 2025-06-13T20:04:00.713.
 
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17633 Ashley Drive, Building 2
Panama City Beach FL, 32413