2911 E 5th Ct Panama City, FL 32401
Millville NeighborhoodEstimated payment $1,667/month
About This Lot
Prime Investment Opportunity: Six 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 six (6) individual 50' x 100' buildable lots. The best part is the lot is already re-zoned and per the city you don't have to convert it to subdivision, which has the potential of you just putting in a culvert in the front for drainage. A win-win situation!! 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 6! 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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,097
Lot Details
- 0.69 Acre Lot
Schools
- Cedar Grove Elementary School
- Rutherford Middle School
- Rutherford High School
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $945 | $46,856 | -- | -- |
| 2023 | $945 | $42,596 | $25,080 | $27,377 |
| 2022 | $696 | $31,745 | $23,370 | $8,375 |
| 2021 | $685 | $30,803 | $22,800 | $8,003 |
| 2020 | $675 | $29,727 | $22,344 | $7,383 |
| 2019 | $469 | $29,043 | $21,660 | $7,383 |
| 2018 | $543 | $35,874 | $0 | $0 |
| 2017 | $533 | $35,558 | $0 | $0 |
| 2016 | $545 | $35,558 | $0 | $0 |
| 2015 | $561 | $35,558 | $0 | $0 |
| 2014 | $577 | $36,926 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $299,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $43,500 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $43,500 | Seller Take Back |
Source: Central Panhandle Association of REALTORS®
MLS Number: 781653
APN: 23280-000-000
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