2911 E 5th Court, Panama City, FL

$250,000

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0.69

Acres

Description of 2911 E 5th Court

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.

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

Features of 2911 E 5th Court

MLS® # 989803
Price $250,000
Acres 0.69
Type Unimproved Land
Sub-Type Unimproved Land
Status Active

Community Information

Address 2911 E 5th Court
Area 27 - Bay County
Subdivision NO RECORDED SUBDIVISION
City Panama City
County Bay
State FL
Zip Code 32401

Amenities

Utilities Public Sewer

School Information

Elementary Cedar Grove
High Rutherford

Listing Details

OfficeSalty Marlin Realty

Price History for MLS #989803

Date Details Change
Price Reduced from $264,000 to $250,000 $14,000 (5.30%)
Price Reduced from $265,000 to $264,000 $1,000 (0.38%)
Price Reduced from $275,000 to $265,000 $10,000 (3.64%)
Price Reduced from $299,000 to $275,000 $24,000 (8.03%)

For more information call

(850) 325-0004

Listing Map

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