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706 School Ave, Panama City, FL, 32401

3beds
2baths
1,095sqft
$223,000
$204price/sqft
$1,584/moest. monthly cost
$63,360/yrincome needed

About This Home

Under construction - quality new construction home in a convenient Panama City location. This property features a durable exterior with Hardie board front elevation and vinyl siding on the sides and rear for low maintenance. The interior will include real wood cabinetry with soft-close drawers, stone countertops (granite or quartz), and durable luxury vinyl flooring throughout. The layout is designed to offer functionality and efficient use of space, suitable for both homeowners and investors. A full concrete driveway will be installed, extending from the street to the front of the home, providing ample parking. Built under active permits and in compliance with the Florida Building Code. Conveniently located near schools, shopping, and with easy access to Tyndall Air Force Base and surrounding areas. Great opportunity to purchase a new construction home.

Getting Around

41
WalkingCar-Dependent
23
TransitMinimal Transit
41
BikeSomewhat Bikeable

Schools

4/10
2/10
Rutherford High SchoolGrades 6-120.4 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Interior Area

  • Total structure area: 1,095
  • Total interior livable area: 1,095 sqft

Kitchen

  • Level: First
  • Dimensions: 13.8 x 11.8

Living Room

  • Level: First
  • Dimensions: 13.2 x 18.4

Master Bathroom

  • Level: First
  • Dimensions: 18.4 x 11.8

Property

Details

  • Parcel number: 15530010000
  • Attached to another structure: Yes

Lot

  • Lot size: 4,000 sqft
  • Lot size dimensions: 50 x 80

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Cold Wave
Heat Wave
Strong Wind
Tsunami

FEMA Declared Disasters in Bay County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,127$13,524
Home Insurance *$151$1,812
Property Taxes $109$1,308
Electricity $197$2,366
Total$1,584$19,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$54,308/yr
40% on housing$47,520/yr
45% on housing$42,240/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.0%
6.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$204This listing

vs Other Active Listings

Avg $/sqft

ZIP 32401$140
Bay County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 32401$201
Bay County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-25Listed for sale$223,000
2025-08-01Sold$15,000
2025-07-16Pending sale$20,000
2025-07-10Listed for sale$20,000
2021-06-18Sold$12,000
2021-06-04Pending sale$14,900
2021-03-17Listed for sale$14,900
2021-03-09Pending sale$14,900
2021-03-04Price change$14,900
2021-02-14Listed for sale$7,500
2017-03-03Sold$10,000
2015-04-29Listing removed$7,000
2015-03-27Listed for sale$7,000

New Construction

AgentPatricia Rodrigues Alves
BrokerageCostaBella Real Estate, LLC

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