3615 Phillips Ln, Panama City, FL, 32404
About This Home
Welcome to Phillips Lane — a quiet, well-located gem in the heart of Panama City. This inviting home offers a comfortable blend of everyday functionality and Florida charm, perfect for full-time living, a second home, or an investment opportunity. This 2 bedroom, two bathroom home sits on almost a full acre of land and has two additional rooms without closets. Primary bedroom is on the second floor and features a private balcony from which to enjoy calming views of the surrounding area. The Primary bathroom has double vanities and a walk-in shower. There is another full bath with a tub/shower combination and a single vanity. There is also a loft space above the two car garage that would be perfect for a studio apartment, craft area or storage space. Furnishings can be sold as well if desired. Don't miss this opportunity to establish a great retreat close to everything Panama City!
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1987
Materials
- Roof: Metal
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Country
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Range
Bedroom
- Level: Second
- Dimensions: 20 x 12
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating & Cooling
- Heating features: Electric,Fireplace(s)
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 1,840
- Total interior livable area: 1,840 sqft
Kitchen
- Level: First
- Dimensions: 19 x 10
Living Room
- Level: First
- Dimensions: 19 x 10
Master Bathroom
- Level: Second
Master Bedroom
- Level: Second
- Dimensions: 20 x 16
Other
- Level: Second
- Dimensions: 13 x 7.8
Other
- Level: First
- Dimensions: 13 x 11
Other
- Level: First
- Dimensions: 11 x 10.5
Property
Details
- Parcel number: 15029002000
- Zoning description: Resid Single Family
- Special condition: Listed As-Is
Features
- Patio & porch: Balcony,Open,Porch
Lot
- Lot size: 0.96 Acres
- Lot size dimensions: 190 x 220
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Lightning
- Tornado
- Cold Wave
- Heat Wave
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bay County and Florida
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,506 | $18,072 |
| Home Insurance * | $303 | $3,636 |
| Property Taxes | $318 | $3,816 |
| Electricity | $197 | $2,366 |
| Total | $2,324 | $27,888 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Price change | $298,000 |
| 2026-04-09 | Price change | $299,000 |
| 2026-03-18 | Price change | $298,000 |
| 2026-01-27 | Listed for sale | $299,000 |
| 2025-03-27 | Sold | $255,000 |
| 2025-02-28 | Contingent | $260,000 |
| 2025-02-04 | Listed for sale | $260,000 |
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