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1414 Coastal Highway Unit 1

Panacea, FL 32346

– beds
– baths
1,768 sqft
$155 per sqft
1930 build
12 days on site

Prime Investment Opportunity in the Heart of Panacea! This versatile .67-acre Enterprise-zoned property sits in a prime location right next to the Dollar Store in downtown Panacea, backing up to a serene green space and just a short walk to the water—ideal for fishing enthusiasts and vacationers alike. Currently operating as a successful Airbnb, the fully renovated duplex features two stylish studio-style units, each with its own bathroom and hotel-style kitchenette, generating $100/night per unit. Everything feels fresh and new with updates including new floors, fresh paint, new kitchens, new roofs, and more—offering immediate income potential. Also included is a 1930s single-family home that has been completely gutted, providing a blank canvas for your creative vision. The sellers are offering their own renovation plans to help inspire your design ideas. Whether you're looking to expand your vacation rental portfolio or build out a unique mixed-use space in a growing coastal community, this property offers endless potential.

Listing courtesy of CATRS / Coldwell Banker Hartung

Last checked: Checking… • Last updated Apr 22, 2025 •

MLS# 384565 —

The Building

Year Built:

1930
Architectural Style:

OneStory
# of Units Total:

3
Stories:

1
Exterior Features:

Deck
Patio And Porch Features:

Deck
Construction Materials:

Other,WoodSiding
Building Area Total:

1768.0
Building Area Source:

Assessor

Interior

Flooring:

Clay,CeramicTile,Vinyl
Fireplace:

false
Furnished:

Partially

Financial & Terms

Possession:

CloseOfEscrow
Lease Considered:

false
Lease Term:

MonthToMonth
Rent Includes:

AllUtilities,Gardener,Sewer,CableTv,Water

Location

Directions:

Highway 98 in Panacea beside the Dollar Store
Latitude:

30.031627
Longitude:

-84.390958

The Property

Property Type:

Residential
Property Subtype:

MultiFamily
Lot Size Dimensions:

100x300x100x300
Parcel Number:

12129-24-5S-02W-000-02976-000

Listing Agent

Contact info:

Taxes

Tax Lot:

-
Tax Annual Amount:

1721.0

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Central,Electric
Heating:

true
Cooling:

CentralAir,Electric
Cooling:

true

Appliances

Appliances:

Microwave,Refrigerator,WasherDryer

Schools

Elementary School:

Other
Middle Or Junior School:

Other
High School:

Other

The Community

Subdivision Name:

Panacea
Pool Private:

false

Parking

Parking Features:

Assigned,ParkingSpaces

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
4/15/25 Apr 15, 2025	Listed / Active	CATRS	$275,000

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This multifamily located in Panacea, FL 32346 is currently for sale for $275,000. 1414 Coastal Highway Unit 1 is a 1,768 square foot multifamily with – beds and – baths that has been on Estately for 12 days. This multifamily is in the attendance area of Wakulla High School, Medart Elementary School, and Wakulla Middle School.

Listing Courtesy of: CATRS and Coldwell Banker Hartung.

The information provided is exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.