CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERSWelcome to 802 Magnolia Avenue, solid rental history of $2,150 a month. This updated two-story brick home nestled on a generous 1 acre corner lot in the heart of Panama City's historic district. Built in 1945, this 1,950 sq ft residence seamlessly blends classic charm with modern upgrades, offering 3 spacious bedrooms and 2 bathrooms. Plus a 600 Sq ft heated and cooled detached garage with half bath. The home features a bright, open-concept kitchen equipped, ample cabinetry, and a central island with breakfast bar--perfect for entertaining. The expansive master suite boasts a large walk-in closet accessible from both the bedroom and the en-suite bathroom. Seller has invested $40,000 with Alpha Foundations on 5/7/25 to repair the foundation. Alpha offers a 3 yr warranty, transferable to new buyer and the opportunity to extend the warranty beyond. Engineering Report available. The subfloor still needs attention/ replacing. Situated just minutes from downtown Panama City, residents enjoy proximity to local shops, dining, entertainment and nearby schools.Experience the perfect blend of historic elegance and modern convenience at 802 Magnolia Avenue.The property's MU-2 zoning offers flexible use options, making it ideal for various lifestyle needs!