2324 E 16th Ct, Panama City, FL 32405
Property image
Property image
OFF MARKET

$234,100

Trulia Estimate
  • 3 Beds
  • 3 Baths
  • 1,464 sqft (on 0.25 acres)

2324 E 16th Ct, Panama City, FL 32405

Cedar Grove
Est. Refi. Payment $1,561/mo*
Refinance Your Home
Currently Off Market - Sold Aug 5, 2024 for $230,000

Home Value

Trulia Estimate
$234K
Since last month
Decreased$600 (-0.3%)
Since last year
Increased$8K (+3.7%)
Since last sale
Increased$2K (+0.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +318% in the last 10 years
MonthEstimated value
2026
September 2026$232K
August 2026$232K
July 2026$232K
June 2026$237K
May 2026$240K
April 2026$237K
March 2026$235K
February 2026$231K
January 2026$226K
2025
2024
2023
2022
2021
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
812 Maple Ave, Panama City, FL
0.92
Multi-Family Home
$240,000
07/10/26
2
2
1,007
1623 N James Ave, Panama City, FL
0.50
Multi-Family Home
$500,000
09/26/25
2
1.5
11,664
1513 Bob Loftin Rd, Panama City, FL
0.62
Multi-Family Home
$512,200
05/13/26
8
6
4,104
709 E 10th St, Panama City, FL
1.27
Multi-Family Home
$350,000
12/23/25
6
4
2,400
422 N Macarthur Ave, Panama City, FL
1.74
Multi-Family Home
$55,000
08/21/26
3
3
1,915
819 Russ Lake Dr, Panama City, FL
1.90
Multi-Family Home
$200,000
04/09/26
5
3
2,260
3746 E 9th St #3746-3748-3750, Panama City, FL
1.56
Multi-Family Home
$425,000
12/19/25
2
1.5
936
236 Springfield Ave, Panama City, FL
1.91
Multi-Family Home
$194,380
05/15/26
3
2
1,225
234 Springfield Ave, Panama City, FL
1.91
Multi-Family Home
$194,380
05/15/26
3
2
1,225
232 Springfield Ave, Panama City, FL
1.93
Multi-Family Home
$194,380
05/15/26
3
2
1,225

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2330 E 16th Ct, Panama City, FL 32405
0.02
$80,000
-
-
-
Recently Sold
2315 E 16th Ct, Panama City, FL 32405
0.04
$205,800
3
1
1,075
Off Market
2406 E 16th Ct, Panama City, FL 32405
0.08
$270,000
3
2
1,354
Recently Sold
2409 E 16th St, Panama City, FL 32405
0.09
$49,999
-
-
-
For Sale
2410 E 16th Ct, Panama City, FL 32405
0.09
$213,600
3
1
960
Off Market
2411 E 16th St, Panama City, FL 32405
0.09
$300,000
3
2
1,368
Recently Sold
2402 E 16th Ct, Panama City, FL 32405
0.09
$275,000
3
2
1,354
Recently Sold
2312 E 17th St, Panama City, FL 32405
0.09
$170,000
3
1
925
For Sale
1720 Sherman Ave, Panama City, FL 32405
0.09
$233,700
3
2
1,558
For Sale
2408 16th St E, Panama City, FL 32405
0.10
$226,500
3
2
1,535
Off Market
2403 15th St E, Panama City, FL 32405
0.13
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 2324 E 16th Ct.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1960
0.25 acre lot
1,464 sqft
$160/sqft

About this House

TRIPLEX - GREAT RETURN ON INVESTMENT FOR AN INVESTOR THAT WANTS TO LIVE IN ONE AND RENT OUT TWO, OR RENT OUT ALL THREE FOR POSITIVE CASH FLOW.
Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years.
Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month.
Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying). Total gross monthly income is $3,150. Another government backed lease can be executed on third unit after closing with new buyer.
Well-maintained triplex located in the heart of Panama City.
The triplex is situation on a quarter acre lot.
Roof is approximately 10 years old.
Each unit has a window heating/air conditioning unit.
Total heated/cooled square footage is 1,320 square feet.
Each unit is approximately 440 square feet, one bedroom / one bathroom with living area and dine-in kitchen.
Tenant is responsible for all maintenance and lawn upkeep.
2324 E 16th Ct, Panama City, FL 32405 is a 3 bedroom, 3 bathroom, 1,464 sqft multi-family in Cedar Grove, built in 1960. It last sold for the $229,000 asking price on Aug 5, 2024. More recently, it was listed as a rental in January 2024 with an asking price of $1,000 per month. That rental listing was removed on January 30, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $234,100, with a rent estimate of $1,418/month.
Last check for updates: about 10 hours ago
Listed by Mike S Herring, (850) 321-0917
Keller Williams Realty Emerald
Bought with: Brittany Whittaker, (253) 303-1157, Bay to 30A Realty
Originating MLS: Central Panhandle Association of REALTORS
Source: CPAR, MLS#754970

Home Details for 2324 E 16th Ct

Interior Features

Interior Details
Number of Rooms: 3Types of Rooms: Bedroom, Full Bath, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3

Exterior Features

Parking & Garage
No Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 90

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: ResidentialProperty Subtype: Triplex, Multi Family
Building
Attached To Another Structure
Property Information
Parcel Number: 14763000000

Price & Status

Price
List Price: $229,000
Status Change & Dates
Off Market Date: Thu Jun 27 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Panama CityCommunity: No Named Subdivision
School Information
Elementary School: Cedar GroveJr High / Middle School: MowatHigh School: Bay

Building

Building Area
Building Area: 1464 Square Feet

HOA

Association for this Listing: Central Panhandle Association of REALTORSNo HOA

Lot Information

Lot Area: 10824 sqft

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Rental Terms, Policies & Fees

Are Units Furnished: None

Miscellaneous

Mls Number: 754970Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-12005-N-14763000000-R-N

Price and Tax history

DateEventPrice
Aug 5, 2024
Source: CPAR #754970
Sold
$230,000
Jun 27, 2024
Source: ECAOR #946006
Pending
$229,000
Jun 4, 2024
Source: CPAR #754970
PendingToActive
$229,000
May 11, 2024
Source: CPAR #754970
Contingent
$249,000
May 11, 2024
Source: ECAOR #946006
Pending
$249,000

Market trends in Panama City

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$290K
$2.1KMoM
Sale-to-List Price
97.6%
0.4%MoM
Price per sq ft
$181
$0MoM
Available listings
411
40MoM

Around this home

Neighborhood Overview

Cedar Grove
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Cedar Grove

At least 34 Trulia users voted on each feature.

  • 90 % Say car is needed

  • 84 % Say it's dog friendly

  • 79 % Say yards are well-kept

  • 76 % Say there's holiday spirit

  • 70 % Say parking is easy

  • 64 % Say kids play outside

  • 61 % Say it's quiet

  • 58 % Say people would walk alone at night

  • 52 % Say neighbors are friendly

  • 49 % Say there are sidewalks

  • 46 % Say there's wildlife

  • 29 % Say it's walkable to grocery stores

  • 29 % Say they plan to stay for at least 5 years

  • 28 % Say streets are well-lit

  • 27 % Say there are community events

  • 13 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Traffic is too fast and dangerous it’s not safe area for children to play they drive too fast and everybody is looking at cellphones "
    2
    Flag
  • Trulia User
    "It’s known to have high rates of crime. The schools located in this neighborhood have extreme violence. "
    2
    Flag
  • Trulia User
    "Everyone pitches is when there’s a need. Holidays are always special with Easter egg hunts or Christmas progressive diners. A real sense of community. "
    1
    Flag
  • Kiara G.
    "To many strays running lose and some people don’t clean up behind their dogs at all i live in magnolia pointe "
    0
    Flag
  • Pamelia1966
    "Neighbors are very friendly and they watch out for each other. Nothing is too far from the neighborhood "
    6
    Flag
  • Stephcrites
    "I have lived here for 2 years and absolutely LOVE our neighborhood. If you are in need of anything, most any of the neighbors will help you out. (Neighborhood Facebook page gives everyone access to each other). Great schools and access."
    14
    Flag
  • Alexandra K.
    "I’ve lived here 18 years. Semi cost effective. Neighbors are hit or miss. Schools are decent but better in more affluent areas. "
    5
    Flag
  • Alexandra K.
    "I’ve lived here for 18 years. Love it. Everyone keeps to themselves. Fairly safe community low to mid income community "
    0
    Flag
  • Shirley C.
    "My neighborhood is very nice. Well kept houses and considerate neighbors. I enjoy living here very much. "
    3
    Flag
  • Evanshannonglass
    "we have lived here for one year. it's very peaceful and quiet for sure. ..lots of stars and frogs. nice people live here "
    2
    Flag
  • Evanshannonglass
    "I have lived here for one year.... nice quiet folks ....nice lake very safe and most everyone has pride in their homes . the lazy dog restaurant is close by and it's great food. nice folks there too ."
    0
    Flag
  • P0417d
    "we are just living here temporarily with family while we find our own place after relocating to Florida "
    0
    Flag

LGBTQ Local Legal Protections

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Frequently asked questions about 2324 E 16th Ct

  • What is 2324 E 16th Ct estimated to be worth?
    Trulia's estimated value for 2324 E 16th Ct in Panama City, FL is $234,100.
  • What is the price history for 2324 E 16th Ct?
    2324 E 16th Ct in Panama City, FL last sold for $230,000 in August 2024.
  • Is Panama City a buyer's or seller's market?
    Panama City is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Panama City?
    The median sale price in Panama City is $290K. That is down $2.1K from the prior month.

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Off Market Homes Near 2324 E 16th Ct

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