2911 E 5th Court, Panama City, FL 32401
$265,000
Property Type:
Land
Lot Size (sq. ft.):
30,056
Status:
Active
Current Price:
$265,000
List Date:
11/17/2025
Last Modified:
5/05/2026
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: 384057.97
List Date: 2025-11-17
List Price: $265,000
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: $265,000
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
Listing Agent:
Ramone C Silvera
Last Updated: May - 05 - 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.