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

2324 E 16th Ct
Panama City, FL 32405

Cedar Grove
  • 3 Beds
  • 3 Baths
  • 1,464 sqft (on 0.25 acres)

$238,300

Trulia Estimate
as of Jun 24, 2026
Est. Refi. Payment $1,526/mo*

$238,300

Trulia Estimate
as of Jun 24, 2026
Est. Refi. Payment $1,526/mo*
3 Beds
3 Baths
1,464 sqft
(on 0.25 acres)

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

Description

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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from May 29, 2026

Home Highlights

Parking
No Info
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

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
Last check for updates: about 8 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

Price History for 2324 E 16th Ct

DatePriceEventSource
08/05/2024$230,000Sold
CPAR #754970
06/27/2024$229,000PendingECAOR #946006
06/04/2024$229,000PendingToActiveCPAR #754970
05/11/2024$249,000ContingentCPAR #754970
05/11/2024$249,000PendingECAOR #946006
05/11/2024$249,000PriceChange
ECAOR #946006
04/29/2024$219,000PendingECAOR #946006
04/29/2024$219,000PendingToActiveCPAR #754970
04/28/2024$219,000PendingCPAR #754970
04/25/2024$219,000PendingToActiveCPAR #754970
04/07/2024$219,000PendingECAOR #946006
03/29/2024$219,000Listed For SaleCPAR #754970
01/30/2024ListingRemovedNavarre Area BOR #932779
01/05/2024$1,000Listed For RentNavarre Area BOR #932779
06/05/2023$150,000Sold
N/A
06/15/2014$465ListingRemovedAgent Provided
05/07/2014$465Listed For RentAgent Provided
05/15/2013$425ListingRemovedAgent Provided
10/12/2012$425Listed For RentAgent Provided
07/06/2012$450ListingRemovedAgent Provided
04/10/2012$450Listed For RentAgent Provided
08/23/2011$425ListingRemovedAgent Provided
07/22/2011$425Listed For RentAgent Provided
06/07/2004$45,000Sold
N/A
04/12/2004$28,000Sold
N/A
01/07/2002$27,500Sold
N/A

Market trends in Panama City

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$298K
$1.43K
MoM
Sale-to-List Price
96.4%
0.4%
MoM
Price per sq ft
$179
$2
MoM
Available listings
464
2
MoM
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Property Tax and Assessment

Year2024
Tax$1,655
Assessment$124,308
Home facts updated by county records

Comparable Sales for 2324 E 16th Ct

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.62
Multi-Family Home
$512,200
05/13/26
8
6
4,104
1.27
Multi-Family Home
$350,000
12/23/25
6
4
2,400
1.55
Multi-Family Home
$450,000
08/29/25
5
4
2,240
1.90
Multi-Family Home
$200,000
04/09/26
5
3
2,260
1.56
Multi-Family Home
$425,000
12/19/25
2
1.5
936
1.91
Multi-Family Home
$194,380
05/15/26
3
2
1,225
1.93
Multi-Family Home
$194,380
05/15/26
3
2
1,225
2.27
Multi-Family Home
$249,500
10/14/25
3
2.5
1,654
2.68
Multi-Family Home
$332,000
12/30/25
4
4
2,196

Nearby homes

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Assigned Schools

These are the assigned schools for 2324 E 16th Ct.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

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 "
  • Trulia User
    "It’s known to have high rates of crime. The schools located in this neighborhood have extreme violence. "
  • 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. "
  • Kiara G.
    "To many strays running lose and some people don’t clean up behind their dogs at all i live in magnolia pointe "
  • Pamelia1966
    "Neighbors are very friendly and they watch out for each other. Nothing is too far from the neighborhood "
  • 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."
  • 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. "
  • Alexandra K.
    "I’ve lived here for 18 years. Love it. Everyone keeps to themselves. Fairly safe community low to mid income community "
  • Shirley C.
    "My neighborhood is very nice. Well kept houses and considerate neighbors. I enjoy living here very much. "
  • 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 "
  • 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 ."
  • P0417d
    "we are just living here temporarily with family while we find our own place after relocating to Florida "

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Homes for sale near 2324 E 16th Ct

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Off Market Homes Near 2324 E 16th Ct

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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.
2324 E 16th Ct, Panama City, FL 32405 is a 3 bedroom, 3 bathroom, 1,464 sqft multi-family built in 1960. 2324 E 16th Ct is located in Cedar Grove, Panama City. This property is not currently available for sale. 2324 E 16th Ct was last sold on Aug 5, 2024 for $230,000 (0% higher than the asking price of $229,000). The current Trulia Estimate for 2324 E 16th Ct is $238,300.