11921 Caruso Dr, Panama City, FL, 32404
About This Home
Excellent value-add opportunity for investors or healthcare operators or large dwelling. This 6,788 SF former assisted living facility is situated on a 1-acre parcel just outside Panama City, Florida. Previously licensed as a 34-bed residence, the property features 12 bedrooms, 5 bathrooms, and significant potential for redevelopment or renovation. The building is currently vacant and in need of substantial updates—ideal for those seeking a renovation project. Whether you're looking to restore its original purpose or repurpose it entirely, this property presents a rare opportunity in a growing market.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1981
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Bedroom
- Level: First
- Dimensions: 10 x 12
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedroom
- Dimensions: 12 x 15
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 5
- Full bathrooms: 5
Features
- Handicap Access
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 6,788
- Total interior livable area: 6,788 sqft
Property
Accessibility
- Accessibility features: Accessible Bedroom,Accessible Common Area,Accessible Closets,Accessible Central Living Area,Accessible Approach with Ramp,Accessible Doors
Details
- Parcel number: 07399446000
Features
- Levels: One
- Stories: 1
- Pool features: Other,See Remarks
Lot
- Lot size: 0.98 Acres
- Lot size dimensions: 150 x 150 x 285
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
- Coastal Flooding
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Wildfire
- 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 | $1,643 | $19,716 |
| Home Insurance * | $331 | $3,972 |
| Property Taxes | $338 | $4,056 |
| Electricity | $683 | $8,197 |
| Total | $2,995 | $35,940 |
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 |
|---|---|---|
| 2025-05-12 | Listed for sale | $325,000 |
| 2025-04-23 | Listing removed | $325,000 |
| 2024-12-02 | Listed for sale | $325,000 |
| 2024-10-06 | Listing removed | -- |
| 2024-04-07 | Listed for sale | $325,000 |
| 2024-03-01 | Listing removed | -- |
| 2023-11-28 | Listed for sale | $325,000 |
| 2023-11-06 | Sold | $135,000 |
| 2023-10-12 | Contingent | $169,900 |
| 2023-08-26 | Listed for sale | $169,900 |
| 2020-01-22 | Sold | $33,100 |
| 2009-02-27 | Sold | $439,000 |
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