1941 E 7th St Panama City, FL 32401
Estimated payment $644/month
About This Lot
Prime infill development opportunity in the City of Panama City. Per recent confirmation from the City, this parcel is zoned Neighborhood Residential and can be divided into 40-foot wide lots based on the current dimensions (approx. 215' of frontage), allowing for up to five buildable lots along Elm Street, with the corner section sized larger. Setbacks in this zoning district are approximately 7-20 feet front, 5 feet side, and 15 feet rear, giving builders a comfortable building envelope on each new lot. The City has also verified that the existing utilities in Elm Street have capacity to support up to five additional units at this location, making it an attractive option for a small subdivision of new single family homes or a mix of single family and duplex product, subject to standard subdivision and development approvals. Whether you are a builder looking to create multiple new homes or a developer planning a small infill project, the groundwork with zoning, minimum lot width, setbacks, and utility capacity has already been confirmed with the City. Buyer to independently verify all development plans, subdivision requirements, and approvals to their own satisfaction.
Property Details
Property Type
- Land
Est. Annual Taxes
- $318
Lot Details
- 0.39 Acre Lot
- Lot Dimensions are 215x75
Schools
- Cherry Street Elementary School
- Jinks Middle School
- Bay High School
Community Details
- No Home Owners Association
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $318 | $22,533 | $22,533 | -- |
| 2024 | $465 | $17,956 | -- | -- |
| 2023 | $465 | $16,324 | $17,482 | $0 |
| 2022 | $429 | $14,840 | $14,840 | $0 |
| 2021 | $403 | $12,821 | $0 | $0 |
| 2020 | $395 | $11,655 | $11,655 | $0 |
| 2019 | $327 | $20,230 | $11,655 | $8,575 |
| 2018 | $381 | $25,159 | $0 | $0 |
| 2017 | $377 | $25,159 | $0 | $0 |
| 2016 | $386 | $25,159 | $0 | $0 |
| 2015 | $397 | $25,159 | $0 | $0 |
| 2014 | $393 | $25,159 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/19/2026 02/19/26 | Price Changed | $119,900 | -4.1% | -- |
| 02/02/2026 02/02/26 | Price Changed | $125,000 | -3.1% | -- |
| 01/21/2026 01/21/26 | Price Changed | $129,000 | -4.4% | -- |
| 12/29/2025 12/29/25 | Price Changed | $135,000 | -2.9% | -- |
| 12/04/2025 12/04/25 | For Sale | $139,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $25,000 | South Oak Title | |
| Warranty Deed | $25,000 | South Oak Title |
Source: Central Panhandle Association of REALTORS®
MLS Number: 782319
APN: 16027-000-000
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