MOVE-IN READY. NO FLOOD INSURANCE REQUIRED. DEEP LOT WITH RECENT UPDATES. Priced at $150,000, this detached three-bedroom, one-bath home at 1332 N Palo Alto Avenue, Panama City, FL 32401 offers a practical option for in-town Panama City living in an established residential setting. Built in 1940 and kept in the same family for generations, it has been a long-term rental—not a quick flip. With 1,134 square feet under roof, it delivers all the essentials without wasted space. A covered front porch, ideal for a rocking chair and morning coffee, leads to the front door, and the concrete driveway provides off-street parking for two vehicles. Inside, the spacious living room opens to the kitchen, with a door separating the bedrooms and bath for added privacy. The laundry room is located at the rear of the home and includes direct access to the backyard. Recent upgrades include new flooring, fresh paint, a 2024 air-conditioning unit, a 2018 water heater, and a 2019 roof—so the major systems are already handled. The home sits on a deep 0.37-acre lot in Flood Zone X, meaning flood insurance is not required. Conveniently located just minutes from downtown Panama City, shopping, dining, and Ascension Sacred Heart Hospital. All information is deemed reliable but should be verified by the buyer if important.