2911 E 5th Court, Panama City, FL 32401

$299,000
Property Type: Land Lot Size (sq. ft.): 30,056 Status: Active
Current Price: $299,000 List Date: 11/17/2025 Last Modified: 11/23/2025

Description

Prime investment opportunity: six cleared and buildable lots ready for immediate development. This 30,000-sqft parcel offers a 100-ft depth and an impressive 300-ft frontage, allowing six individual 50' x 100' lots. The property is already rezoned, and the city confirms no subdivision conversion is required—simply install a front culvert for drainage. With local homes recently selling around $255K and build costs for a 1,200-sqft home averaging $110K-$130K, each project offers strong equity and compelling ROI. Multiply that potential by six and the profit becomes undeniable. The land also supports alternative strategies, including three duplexes for long-term cash flow or resale. Don't miss this versatile, high-return opportunity.

More Information MLS# 989803

None

Current Price: $299,000

Status Change Info

Status: Active

Contract Info

List Date: 2025-11-17 List Price: $299,000 Listing Board: Emerald Coast List Price/Acre: 433333.33

Location Tax and Legal

Street #: 2911 Street Direction: E Street Name: 5th Street Suffix: Court Area: 27 - Bay County State: FL Zip Code: 32401 County: Bay Project Name/Subdivision: NO RECORDED SUBDIVISION Parcel ID: 23280-000-000

General Property Info

Sub-Type: Vacant Land Acreage: 0.69

Property Features

Zoning: See Remarks Utilities: Public Sewer Financing: Bond Money Available; Conventional; FHA; VA
Listing Office: Salty Marlin Realty
Last Updated: November - 23 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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