1427 1st Street, Panama City, FL 32409 (MLS# 792475)

1427 1st Street, Panama City, FL 32409

$119,000

Property Type: Residential Land Lot Size (sq. ft.): 29,621 Status: Pending

Current Price: $119,000 List Date: 7/10/2026 Last Modified: 8/31/2026

Overview

Description

Excellent development opportunity at 1427 1st Street in Panama City — four buildable residential lots, each 50′ x 150′, zoned R-2 in Bay County. Located in Flood Zone X, and with water already available, this property helps simplify and speed up the building process. R-2 zoning allows for single family, duplex, townhomes, or manufactured homes, offering outstanding flexibility for builders and investors. Whether you’re looking to build spec homes for investment or duplexes to rent, this is an ideal opportunity in a growing area of Panama City.

Listing Details MLS# 792475

Contract Info

List Price/Acre: 175000

Location

Street #: 1427
Street Name: 1st
Street Suffix: Street
Area: 04 – Bay County – North
State: FL
Zip Code: 32409
County: Bay
Sub Area: 0410 – Bay North – West Deerpoint/Southport
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 08136-050-000
Elementary School: Southport
Middle School: Deane Bozeman
High School: Deane Bozeman
Directions: Travel north on Highway 77 toward Southport. Turn right onto Liberty Street, then turn right onto 1st Street. Continue east on 1st Street to 1427 1st Street, which will be on your left.
Legal Description: SOUTHPORT PLAT 101B2 LOT 8 BLK 6 ORB 4830 P 503

General Property Info

Sub-Type: Residential Lots
Lot Dimensions: 194×147
Acreage: 0.68
Lot Size (SqFt): 29621

Status Change Info

Under Contract Date: 2026-08-30

Listing Info, Tax & Legal

HOA Fee: No
Last Taxes: 210.98
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Excellent development opportunity at 1427 1st Street in Panama City — four buildable residential lots, each 50' x 150', zoned R-2 in Bay County. Located in Flood Zone X, and with water already available, this property helps simplify and speed up the building process. R-2 zoning allows for single family, duplex, townhomes, or manufactured homes, offering outstanding flexibility for builders and investors. Whether you're looking to build spec homes for investment or duplexes to rent, this is an ideal opportunity in a growing area of Panama City.

More Information

Utilities

Electricity – Connected: Yes
Water Connected: Yes

Property Features

Utilities: Electricity – Connected; Water Connected

Listing Office: Think Real Estate

Last Updated: August – 31 – 2026

Information deemed reliable but not guaranteed.