1206 E 3rd St, Panama City, FL 32401 Property Records

Bay County property record for 1206 E 3rd St, Panama City, FL 32401 · Last verified February 2026

Property Summary

Property Type	Residential Vacant Land
Details	3 bd · 1 ba
Lot Size	0.353 acres (15,420 sqft)
Owner	Individual Name on File
Last Sale	$230,000 (Feb 2021)
Tax Bill	$3,412 (2025)
Deeds & Mortgages	Feb 2021 Sale & Mortgage
Flood Zone	Zone AE (high risk)
APN	`21857-000-000`

Property Details

APN / Parcel Number

Primary APN	`21857-000-000`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Stories	1 Story

Exterior

Lot Area	15,420 sqft (0.353 acres)
Lot Dimensions	198 ft deep x 78 ft wide

Location & Zoning

Street Address	1206 E 3RD ST
City	PANAMA CITY
State	FL
Zip	32401-3742
Property Category	Residential
Property Type	Vacant Land > Residential
Legal Description	COVE TERRACE 1ST ADD. LOT 4 BLK 96 ORB 4366 P 768
Legal Range	14W
Legal Township	04S
Legal Section	09
Legal Subdivision	COVE TERRACE
Legal Block	96
Legal Lot Number	4
Jurisdiction	BAY FL
Township / Civil Division	PANAMA CITY
Census Block Group	2
Census Block	2001
Census Tract	1900

Owner

Source: Bay County records · APN 21857-000-000

Assessment roll updated July 1, 2025 · Last verified February 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Individual Name on File
Mailing Address	4507 SCHOONER LN, LYNN HAVEN, FL 32444-3447
Owner Type	Individual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Feb 22, 2021 · Amount on Record
Deed Sale	Feb 22, 2021 · Amount on Record
Prior Sale	Oct 15, 2010 · Amount on Record
Deed Document Number	0004366768
Deed Book / Page	4366 / 768
Record Updated	Jun 08, 2026

February 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BAY FL
Recording Date	Feb 22, 2021
Property Address	1206 E 3RD ST, PANAMA CITY, FL 32401-3742
Document Number	0043660768
Book / Page	4366 / 768
Map Reference	MB 7 PG 51
Instrument Date	Feb 22, 2021
Instrument	2021012455
Transaction Type	Transfer
Record Updated	Jul 27, 2022
Title Company	CORNERSTONE TITLE INSURANCE AGENCY, CORNERSTONE TITLE AGENCY INC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$1,610.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1155 E 17TH ST, 1155, PANAMA CITY, FL 32405-6148

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	4507 SCHOONER LN, LYNN HAVEN, FL 32444-3447

Mortgage

Document Number	0004366770
Date	Feb 22, 2021
Instrument	4366/770

Lender

Name	INNOVATIONS FCU
Type	Credit Union

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	121 Months
Due	Mar 01, 2031

Tax Assessment & Valuation

Source: Bay County records · Assessment roll updated July 1, 2025 · Last verified February 2026

Property Jurisdictions

Type	Name
State	Florida
County	Bay County
Municipality	Panama City
Unified School District	Bay County School District (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$3,412.00 (+5.57%)	$216,082 (+13.32%) Land $206,902 Building $9,180	$216,082 (+13.32%) Land $206,902 Building $9,180
2023	$3,232.00 (+15.68%)	$190,677 (+10.31%) Land $190,677	$190,677 (+10.31%) Land $190,677
2022	$2,794.00	$172,860 Land $172,860	$172,860 Land $172,860

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Bay County (12005C), updated September 16, 2026 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 120050019002, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone AE
Special Flood Hazard Area	Yes
Flood Hazard	High
100-Year Floodplain	Yes 1% annual chance
Floodway	No
Base Flood Elevation	8.0 ft
Flood Insurance Requirement	Required (federally backed mortgages)
Flood Insurance Cost	Premium on Record median of 18 individual NFIP policies nearby
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	18 in force 16 of 18 on primary residences
Nearby Flood Claims	10 (1995–2020)
Claims Outside the SFHA	4 of 10
Most Recent Claim	Sep 2020, other causes, Hurricane Sally
Flood Events	Hurricane Michael (Oct 2018), 5 claims

Wildfire

Wildfire Risk	Low above 5% of the US · above 4% of Florida
Wildfire Likelihood	About 1 in 5,882 per year
Exposure	Direct burnable vegetation at the parcel

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.