Magnolia Terrace Real Estate

Magnolia Terrace Real Estate

Welcome to Magnolia Terrace, a hidden gem nestled in the heart of Panama City, Florida. This charming subdivision offers a perfect blend of tranquility and modern living, making it an ideal place for families, retirees, and anyone seeking a peaceful lifestyle close to the vibrant coastal life.

Magnolia Terrace is characterized by its picturesque tree-lined streets and well-maintained homes, each exuding unique charm and character. The community is designed to foster a sense of belonging, with friendly neighbors and a welcoming atmosphere. Residents enjoy the benefits of spacious lots, providing ample room for outdoor activities, gardening, or simply relaxing under the shade of the beautiful magnolia trees that give the subdivision its name.

Location is everything, and Magnolia Terrace does not disappoint. Situated in Bay County, you are just a short drive from Panama City’s stunning beaches, where you can soak up the sun or partake in water sports. The nearby St. Andrews State Park offers a perfect escape for nature enthusiasts, with hiking trails, picnic areas, and breathtaking views of the Gulf of Mexico.

Families will appreciate the close proximity to top-rated schools, shopping centers, and dining options, ensuring that all your needs are met within a few minutes’ drive. With its blend of serene living and convenient access to urban amenities, Magnolia Terrace is more than just a place to live; it’s a community where memories are made and cherished. Come discover your new home in Magnolia Terrace, where every day feels like a vacation!

Newest Listings in Magnolia Terrace

$315,000
6 Beds ⋅ 2 Baths ⋅ 794239 MLS
1148 Jenks Ave presents a unique opportunity in the heart of Panama City for an owner, investor, or entrepreneur looking to create a true live where you work property. Located just minutes from Downtown Panama City, this approximately 1,900-square-foot commercial property offers six existing offices, two bathrooms, ample on-site parking, and a flexible layout that lends itself well to a future residential and commercial mixed-use concept, subject to applicable zoning and approvals. Rather than commuting across town, imagine operating your business from the same property you call home. The existing configuration provides the ability to maintain dedicated professional office space while creating a private residential component, making this an especially attractive opportunity for business owners, professionals, investors, or entrepreneurs. Why 1148 Jenks Ave Stands Out Central Panama City Location Jenks Avenue provides convenient access to Downtown Panama City, major roadways, restaurants, professional services, and surrounding residential neighborhoods. It offers the accessibility of a commercial corridor while remaining close to the city's historic downtown core. Live Where You Work Potential The property's size and existing room configuration create an excellent foundation for a combined residence and workplace. A future owner could potentially create private living quarters while maintaining separate offices, meeting rooms, or client-facing business space. Six Existing Offices The existing six-office layout provides considerable flexibility. Spaces could be utilized for private offices, bedrooms, conference rooms, studios, treatment rooms, creative spaces, or other uses depending on the future design. Two Bathrooms Having two existing bathrooms provides another advantage when planning separate residential and business areas within the property. Income-Producing Property The building is currently tenant-occupied and generating income, giving an investor the ability to benefit from existing cash flow while considering future redevelopment or owner occupancy. Ample On-Site Parking Dedicated parking is a major benefit for any live/work property, particularly for an owner who intends to continue operating a professional business from the building. Flexible Long-Term Investment The property offers multiple potential paths: continue operating it as an income-producing commercial property, occupy it for your own business, or explore transforming it into a distinctive residential mixed-use property. Ideal for Entrepreneurs and Professionals This type of property could be particularly appealing to attorneys, real estate professionals, designers, accountants, consultants, medical or wellness professionals, creatives, or small-business owners who want their home and business operations under one roof. 1148 Jenks Ave is more than simply office space. It is an opportunity to create a unique urban live/work property in the center of Panama City, combining convenience, business functionality, income potential, and future flexibility in one location. Any residential conversion, mixed-use configuration, or change of use would be subject to applicable zoning, building-code requirements, and governmental approvals.

1148 Jenks Avenue, Panama City

Listing courtesy of Hitchcock Real Estate LLC.

$165,000
793123 MLS
Perfect opportunity for new development with this .298 acre corner lot at 93 x 140 ft! This lot is cleared and centrally located in the Downtown Panama City area, offering high visibility and heavy traffic flow as well as easy access from 11th St., Grace Ave., and offering alley access as well. Good elevation, located in the X flood zone. Sidewalk on the 11th St side of parcel.

14 W 11th Street, Panama City

Listing courtesy of ERA Neubauer Real Estate, Inc.

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