$299,000

2911 E 5th Court, Panama City, FL 32401

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.69acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property 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.

Listing Status:
Active
Date Added:
November 17, 2025 at 06:00AM
Listing Office:
Salty Marlin Realty : 850-615-2406
Listing Agent:
Ramone C Silvera : 954-330-3095
MLS ID:
989803
  • Originating MLS: Emerald Coast Association of REALTORS®
  • County: Bay
  • Zoning: 23280-000-000
  • Sewer: 0
  • Source: Emerald Coast Association of REALTORS®

This listing courtesy of Ramone C Silvera, Salty Marlin Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cedar Grove Elementary School

2826 E 15th St, Panama City, FL, 32405

Grades PK-5

1.11 miles away

M

Margaret K. Lewis in Millville

203 N East Ave, Panama City, FL, 32401

Grades PK-12

0.64 miles away

R

Rutherford High School

1000 School Ave, Panama City, FL, 32401

Grades 6-12

0.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.