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$325,000
Active11921 Caruso Drive
Panama City, FL 32404
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.
Property Details
- Interior
- Handicap Access
- Cooling
- 1
- Heating
- Central
- Cooling Features
- Central Air
- Bedrooms
- 12
- Bathrooms
- 5.0
- Full Baths
- 5
- Stories
- 1
- Pool Description
- Other, See Remarks
- Pool Features
- Other, See Remarks
- Acres
- 0.0
- Square Feet
- 6788.0
- Lot Size (sqft)
- 0.98
- Property Type
- Purchase
- Style
- Other
- Property Subtype Additional
- Single Family Residence
- Year Built
- 1981
- Sewer Information
- Public Sewer
- Utility Features
- Electricity Available
- Subdivision
- [No Recorded Subdiv]
- Community Features
- Short Term Rental Allowed
- Elementary School
- Callaway
- Middle School
- Rutherford Middle
- High School
- Rutherford
- County
- Bay
- Region
- Panama City
- Original List Price
- $325,000
- Days on Market (Cumulative)
- 652
- Taxes Annual
- $1,585
- MLS #
- 773347
Location
Legal
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Last Updated: Oct 9, 2026 10:09 PM. Source: CPAR
Listing Broker: Counts Real Estate Group Inc; Daniel P McCall; dannypmccall@gmail.com
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