2.88-acre multi-residence property located in the heart of Panama City. Zoned for up to 8.99 townhomes or 4 duplexes per acre. Offering exceptional space, privacy, and versatility, this sprawling estate is ideal for multi-generational living, investment income, or a private retreat with room to grow. The main residence is a fully renovated cinderblock home featuring three bedrooms and 1.5 baths, plus a dedicated mother-in-law suite. The home has been thoughtfully updated from top to bottom with modern finishes, including: - New flooring and fresh paint throughout - A durable metal roof - An updated kitchen with new appliances - Completely remodeled bathrooms featuring new vanities, toilets, and a brand-new soaker tub.