Active

2911 E 5th Court

Panama City, FL 32401
Mark as Favorite
Acres0.69

Acre(Lot)

Prime Investment Opportunity: Seven Buildable Lots that's already CLEARED!! Unlock the potential of this amazing 30,000 sqft (0.68-acre) parcel, perfectly positioned for immediate development! The lot is a 100ft deep and has an impressive 300ft frontage, making it an ideal site for seven (7) individual 40' x 100' buildable lots. The best part is the lot is already zoned NEIGHBORHOOD RESIDENTIAL and per the city you could convert it to a minor subdivision, which doesn't take long!! Just $500 bucks to start the process and $50 per new addresses. That's a win-win situation for you!! The best part about this opportunity is the ROI, the average homes in that area sold in the past few months were about 255k. The average cost to build a 1200sqft house is 110k-130k. That leaves a lot of equity built into each home!! Now, do the math and times that by 7! Wouldn't you say that's worth it? Also, because the property has exceptional versatility, another option could be to build 3-Duplex units and cash flow or resell. ''The world is your oyster'' on this one. Don't miss your chance to secure a strategic cash flow opportunity.

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $265,000

AD Id : 68728974

MLS Id : 781653

Lot Size : 0.69 Acre(Lot)

County : Bay

Subdivision: Singer Island

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Lot Dimensions: 300*100 Main Square Feet: 0.69 Lot Size Acres: 0.69 Lot Size Square Feet: 30,056

    Property Information

    Subdivision: No Named Subdivision Source Property Type: Land MLS Area Minor: 0204 - Bay - Central NW Property SubType: Unimproved Land

  • Listing Price Information

    Listing Price: $265000
    Original Price: $299000

  • Tax Information

    Parcel Number: 23280-000-000 Tax Year: 2024 Annual Tax: $1097 Tax Legal Desc: 11 4S 14W -271- BEG 80' S OF NW COR OF SE1/4 OF NW1/4 OF NW1/4 FOR POB TH S 100' E 300' N 100' W 300' TO POB ORB 3517 P 848

  • School Information

    Elementary School: Cedar Grove Junior High School: Rutherford Senior High School: Rutherford
  • Utility Information

    SewerAvailable
  • Location Information

    Direction: To reach 2911 E 5th Court, Panama City, FL 32401, from downtown Panama City near the Bay County Courthouse, head east on E 23rd Street toward N Watterson Avenue, continue on E 23rd Street until you reach the Millville neighborhood, then turn right onto E 5th Court and continue until you arrive at the property on the right.
Sell a home like this and save $15,401 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
81 Bayou Avenue, Panama City, FL, 32401 $16,500 -- -- -- 0.41 Acre(Lot)
507 Harlem Avenue, Panama City, FL, 32401 $45,000 -- -- -- 0.27 Acre(Lot)
000 Sheffield Avenue, Panama City, FL, 32401 $80,000 -- -- -- 2.04 Acres(Lot)
3504 E 5th Street, Panama City, FL, 32401 $39,900 -- -- 11,195 0.26 Acre(Lot)
3502 E 5th Street, Panama City, FL, 32401 $225,000 -- -- 21,562 0.50 Acre(Lot)
613 Powell Avenue, Panama City, FL, 32401 $17,398 -- -- -- 0.19 Acre(Lot)
135 Everitt Avenue, Panama City, FL, 32401 $86,000 -- -- 23,087 0.53 Acre(Lot)
915 Everitt Avenue, Panama City, FL, 32401 $129,000 -- -- -- 1.50 Acres(Lot)
509 N James Avenue, Panama City, FL, 32401 $58,000 -- -- 6,708 0.15 Acre(Lot)
2702 E 9th Street, Panama City, FL, 32401 $49,000 -- -- 3,485 0.08 Acre(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/12/2026 @ 01:29

MLS: 781653 LISTED BY: Ramone Silvera, Salty Marlin Realty LLC 850-615-2406 SOURCE: CPAR

Selling? Save $15,401 when you sell a home like this

Tour with a ByOwner Agent