2911 E 5th Court, Panama City, FL 32401

$275,000
Property Type: Land Lot Size (sq. ft.): 30,056 Status: Active
Current Price: $275,000 List Date: 11/17/2025 Last Modified: 1/31/2026

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

Contract Info

Listing Board: Emerald Coast List Price/Acre: 398550.72 List Date: 2025-11-17 List Price: $275,000

Location, Tax and Legal

Sub Area: 2702 - Bay - Central SE Elementary School: Cedar Grove Middle School: Rutherford ( Middle ) High School: Rutherford Legal Description: 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

General Property Info

Sub-Type: Vacant Land Acreage: 0.69

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: 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.

Utilities

Public Sewer: 1

Zoning

See Remarks: 1

Financing

Bond Money Available: 1 Conventional: 1 FHA: 1 VA: 1

None

Current Price: $275,000

Status Change Info

Status: Active

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

Property Features

Zoning: See Remarks Utilities: Public Sewer Financing: Bond Money Available; Conventional; FHA; VA
Listing Office: Salty Marlin Realty
Last Updated: January - 31 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.