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605 Colonial Dr

Panama City, FL 32404

3 bd 3 ba 2,525 sqft Built 2001 Lot 60,113 sqft single_family
Most recent sale
$399,900
Oct 15, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 21, 2022 Listed $495,000 MLS #732532
Sep 8, 2022 Listed $559,900 MLS #731949
Oct 15, 2021 Sold $399,900 MLS #714478
Aug 1, 2001 Sold $28,000 Public Record
Aug 1, 1995 Sold $22,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $283,764 $88,920 $372,684 $4,651
2023 $272,428 $89,148 $361,576 $4,567
2022 $249,057 $89,148 $338,205 $3,945
2021 $244,362 $2,498
2020 $240,988 $2,484
2019 $161,926 $73,644 $235,570 $2,415
2018 $174,151 $73,644 $247,795 $2,601
2017 $248,894 $2,663
2016 $243,775 $2,671
2015 $242,080 $2,743
2014 $240,159 $2,714
2013 $236,610 $2,374
2012 $232,655 $2,349
2011 $225,879 $2,322
2010 $222,541 $2,301
2009 $216,690 $2,273
2008 $216,474 $2,096
2007 $210,169 $2,129

Property facts

Year built
2001
Property type
single_family
Stories
Beds
3
Baths
3
Living area
2,525 sqft
Lot size
60,113 sqft
ZIP code
32404
City
Panama City
Street
Colonial Dr
Coordinates
30.13574, -85.56045

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$4,671
Gross rental yield
14.02%
Implied cap rate
9.11%
Trend-extrapolated value

Frequently asked questions

When did 605 Colonial Dr last sell?
605 Colonial Dr most recently sold on Oct 15, 2021 for $399,900.
What is the current tax assessment for 605 Colonial Dr?
The most recent total assessment for 605 Colonial Dr (year 2025) is $372,684 with $4,651 in property tax.
How does 605 Colonial Dr's assessment compare to its last sale price?
The current assessment is 6.8% below the last sale price of $399,900.
When was 605 Colonial Dr built?
605 Colonial Dr was built in 2001.
How does 605 Colonial Dr compare to others on Colonial Dr?
We track 8 other properties on Colonial Dr. Browse the list under "Other properties on Colonial Dr" to compare beds, baths, and sale history.
What are the property facts for 605 Colonial Dr?
605 Colonial Dr is a 3 bed, 3 bath, 2,525 sqft, 60,113 sqft lot single_family.
Is 605 Colonial Dr a flip candidate?
No — 605 Colonial Dr does not appear in our flips dataset.
Is 605 Colonial Dr a tax-appeal candidate?
No — 605 Colonial Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.5%
Implied 1-yr
-2.1%
2026 Q3
$282.7K
2026 Q4
$281.1K
ZIP 32404 — Median Price History + Forecast

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