Panama Homes with One Story Property Description

Welcome to Panama, a hidden gem nestled in the vibrant city of Tampa, Florida, within the picturesque Hillsborough County. This charming subdivision offers a delightful blend of suburban tranquility and urban convenience, making it an ideal place for families, retirees, and anyone seeking a peaceful lifestyle without sacrificing access to the excitement of city living.

Panama is characterized by its beautifully maintained one-story homes, perfect for those who appreciate the ease and accessibility of single-level living. These residences are designed with modern comforts in mind, featuring open floor plans that maximize space and natural light, making them perfect for entertaining or simply enjoying a cozy evening at home. Many homes boast lush yards, ideal for outdoor gatherings, gardening, or simply soaking in the Florida sunshine.

The community of Panama is not just about beautiful homes; it’s about a lifestyle. Residents enjoy close proximity to top-rated schools, shopping centers, and recreational facilities, ensuring that everything you need is just a stone's throw away. The nearby parks and green spaces provide ample opportunities for outdoor activities, while Tampa’s vibrant cultural scene, including museums, theaters, and restaurants, is just a short drive away.

Whether you’re looking to buy your first home, downsize, or invest in a property, Panama’s one-story homes offer the perfect combination of comfort, style, and convenience. Experience the charm of suburban life in Tampa and discover why Panama is the perfect place to call home!

Newest Panama Homes with One Story Property Description

$650,000

6 Beds ⋅ 4 Baths ⋅ Panama SubDv. ⋅ 33605 Zip Code

Introducing a rare, fully renovated triplex investment opportunity in the heart of V.M. Ybor, one of Tampa’s most dynamic and rapidly evolving urban neighborhoods. Extensively renovated in 2023, nearly every major aspect of the property has been updated, offering investors a turnkey income-producing asset with limited near-term maintenance. The property features a highly desirable three-unit configuration, with the main residence consisting of a spacious 3-bedroom, 2-bath unit previously renting for $2,800 per month and a 2-bedroom, 1-bath unit previously renting for $1,800 per month, along with a detached 1-bedroom, 1-bath accessory dwelling unit providing additional privacy and currently leased at $1,400 per month with approximately seven months remaining on the lease. At full occupancy, the property previously generated approximately $72,000 in annual gross rental income. The tenants in the 3-bedroom and 2-bedroom units recently moved out, creating an excellent opportunity for a new owner to immediately place new tenants, reposition rents, or explore alternative rental strategies based on their investment goals. Located less than a 10-minute drive from Downtown Tampa and just minutes from Ybor City, Tampa Heights, Armature Works, the Tampa Riverwalk, and some of the city’s largest employment, entertainment, and development districts, this property is positioned directly in the path of Tampa’s continued growth. Significant redevelopment, new construction, and investment throughout V.M. Ybor and the surrounding urban core continue to transform the area and strengthen its long-term appeal. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset housing costs with two additional units, or a buyer looking to secure a multi-family asset in a rapidly growing Tampa neighborhood, this renovated V.M. Ybor triplex offers a compelling combination of proven rental history, multiple income streams, extensive 2023 renovations, and an exceptional location minutes from the heart of the city.

1406 E 21st Avenue, Tampa

$299,000

2 Beds ⋅ 2 Baths ⋅ Panama SubDv. ⋅ 33605 Zip Code

Located in the heart of Historic Ybor City, this charming bungalow offers exceptional flexibility for both owner-occupants and investors. Just minutes from downtown Tampa, major interstates, Hillsborough Community College, local parks, restaurants, and Ybor's vibrant entertainment district, the location places some of Tampa's best amenities right at your doorstep. The main residence feels larger than its footprint, featuring an efficient, open layout with luxury vinyl flooring throughout, two spacious bedrooms, and one-and-a-half baths. The primary suite includes a private half bath and custom closet, while the full bathroom is appointed with a contemporary double-sink vanity. The updated kitchen offers modern cabinetry, newer appliances, and ample storage, creating a functional space for everyday living. Fresh interior and exterior paint add to the home's clean, move-in-ready appeal. A detached accessory structure provides additional versatility with a private bedroom, full bath, kitchenette, and separate split-system air conditioning—ideal for guests, a home office, creative studio, or income-producing opportunity. This property presents an attractive opportunity for those seeking a turnkey investment, a primary residence, or both. Additional features include replacement windows (2017), air conditioning (2016), water heater (2018), and a durable metal roof, offering long-term peace of mind. With inviting curb appeal, a welcoming front porch, and a location that continues to see strong demand, this Ybor City property offers endless potential in one of Tampa's most historic and dynamic neighborhoods.

1406 E 23rd Avenue, Tampa

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