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819 Russ Lake Drive, 
Panama City, FL 32404

$239,900


5

Beds


3

Baths


2,260

Sq Ft


Multi-Family

Active

Last updated:

September 16, 2025, 02:25 PM

MLS#

769484

Source:

FL BCMLS

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About This Home

819 Russ Lake Drive

Investor & Builder Alert! Multi-Use Duplex with Expansion Potential—FHA 203(k) Eligible! Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31-acre corner lot in a mixed-use zone—and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single-family home, or simply maximize rental income, the possibilities here are huge. Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters—perfect for long-term tenants or short-term rental flexibility. Renovations are underway and include: ✔️ New windows, subfloor, PEX plumbing & electrical wiring ✔️ New HVAC system & ductwork (upstairs) ✔️ Recessed lighting throughout ✔️ Tankless water heater ✔️ New roof (2019), new siding, exterior stairs to upper unit ✔️ RV hookups + large storage shed Public utilities + natural gas onsite. Located in a quiet neighborhood just 7 miles from Tyndall AFB and 25 minutes to Panama City Beach—home to the world's most beautiful beaches. Bonus: Construction materials on site convey with sale. This is a rare chance to capitalize on Springfield's growth. Schedule your showing today and bring your vision to life!

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1971

Price Summary

239,900

$106 per Sq. Ft.

MLS #:

769484

Last Updated:

September 16, 2025, 02:25 PM

Added:

7 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:

$239,900

Price per Sq. Ft:

$106 per Sq. Ft.

819 Russ Lake Drive
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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