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819 Russ Lake Drive, 
Panama City, FL 32404

$220,000

5

Beds

3

Baths

2,260

Sq Ft

Multi-Family

Active

Listed by

Catriese Johnson
Coldwell Banker Realty

Last updated:

November 15, 2025, 04:35 PM

MLS#

769484

Source:

FL BCMLS

Company Logo

About This Home

819 Russ Lake Drive

Investor Alert! Duplex + Big Lot with Expansion Potential - FHA 203(k) Eligible! Opportunity knocks in Springfield! This 2,260 sq ft permitted duplex sits on a large .31-acre corner lot—zoned mixed-use with the option to build another duplex or rezone for single-family residential. Live in one unit and rent the other, or lease both for instant income. Upstairs: 3 beds / 2 baths + ensuite primary Downstairs: 2 beds / 1 bath + yard access Each unit features indoor laundry, separate utilities, and individual meters—ideal for long- or short-term tenants. Upgrades include: new windows, PEX plumbing, electrical wiring, HVAC & ductwork, recessed lighting, tankless water heater, 2019 roof, new siding, exterior stairs, RV hookups & storage shed. Just 7 miles to Tyndall AFB and 25 minutes to Panama City Beach. Bonus: construction materials on site convey! Expand, rezone, or rent—this property offers options and income! Schedule your showing and Let's Make Deal Today!

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1971

Price Summary

220,000

$97 per Sq. Ft.

MLS #:

769484

Last Updated:

November 15, 2025, 04:35 PM

Added:

8 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,260 Sq. Ft.

Structure

Structure

Architectural Style:

Duplex

Building Area:

2,260 Sq. Ft.

Year Built:

1971

Lot

Lot Size (Sq. Ft):

13,503

Finances & Disclosures

Finances

Price:

$220,000

Price per Sq. Ft:

$97 per Sq. Ft.

819 Russ Lake Drive
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Catriese Johnson

(850) 687-7487

(850) 687-7487

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Source:FL BCMLS
The information being provided by Central Panhandle Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Central Panhandle Association Of REALTORS®. Coldwell Banker Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Realty, a broker participant of Central Panhandle Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Central Panhandle Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 Central Panhandle Association Of REALTORS®. All rights reserved.

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