2911 E 5th Court, Panama City, FL 32401 (MLS# 781653)

2911 E 5th Court, Panama City, FL 32401

$264,000

3-web-or-mls-DJI_20251107092806_0395_D-E

4-web-or-mls-DJI_20251107093023_0398_D-E

5-web-or-mls-DJI_20251107093228_0400_D-E

6-web-or-mls-DJI_20251107093347_0401_D-E

7-web-or-mls-DJI_20251107093552_0402_D-E

Property Type: Residential Land Lot Size (sq. ft.): 30,056 Status: Active

Current Price: $264,000 List Date: 11/14/2025 Last Modified: 7/08/2026

Overview

Description

Prime Investment Opportunity: Seven Buildable Lots that's already CLEARED!! Unlock the potential of this amazing 30,000 sqft (0.68-acre) parcel, perfectly positioned for immediate development! The lot is a 100ft deep and has an impressive 300ft frontage, making it an ideal site for seven (7) individual 40' x 100' buildable lots. The best part is the lot is already zoned NEIGHBORHOOD RESIDENTIAL and per the city you could convert it to a minor subdivision, which doesn't take long!! Just $500 bucks to start the process and $50 per new addresses. That's a win-win situation for you!! The best part about this opportunity is the ROI, the average homes in that area sold in the past few months were about 255k. The average cost to build a 1200sqft house is 110k-130k. That leaves a lot of equity built into each home!! Now, do the math and times that by 7! Wouldn't you say that's worth it? Also, because the property has exceptional versatility, another option could be to build 3-Dupl … (Read more)

Listing Details MLS# 781653

Contract Info

List Price/Acre: 382608.7

Location

Street #: 2911
Street Direction: E
Street Name: 5th
Street Suffix: Court
Area: 02 – Bay County – Central
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0204 – Bay – Central NW
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 23280-000-000
Elementary School: Cedar Grove
Middle School: Rutherford
High School: Rutherford
Directions: To reach 2911 E 5th Court, Panama City, FL 32401, from downtown Panama City near the Bay County Courthouse, head east on E 23rd Street toward N Watterson Avenue, continue on E 23rd Street until you reach the Millville neighborhood, then turn right onto E 5th Court and continue until you arrive at the property on the right.
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
Lot Dimensions: 300*100
Acreage: 0.69
Lot Size (SqFt): 30056

Listing Info, Tax & Legal

HOA Fee: No
Last Taxes: 1097
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Prime Investment Opportunity: Seven Buildable Lots that's already CLEARED!! Unlock the potential of this amazing 30,000 sqft (0.68-acre) parcel, perfectly positioned for immediate development! The lot is a 100ft deep and has an impressive 300ft frontage, making it an ideal site for seven (7) individual 40' x 100' buildable lots. The best part is the lot is already zoned NEIGHBORHOOD RESIDENTIAL and per the city you could convert it to a minor subdivision, which doesn't take long!! Just $500 bucks to start the process and $50 per new addresses. That's a win-win situation for you!! The best part about this opportunity is the ROI, the average homes in that area sold in the past few months were about 255k. The average cost to build a 1200sqft house is 110k-130k. That leaves a lot of equity built into each home!! Now, do the math and times that by 7! Wouldn't you say that's worth it? Also, because the property has exceptional versatility, another option could be to build 3-Duplex units and cash flow or resell. ''The world is your oyster'' on this one. Don't miss your chance to secure a strategic cash flow opportunity.

Utilities

Public Sewer – Connected: Yes
Other – See Remarks: Yes

More Information

Property Features

Utilities: Public Sewer – Connected; Other – See Remarks

Listing Office: Salty Marlin Realty LLC

Last Updated: July – 08 – 2026

Information deemed reliable but not guaranteed.