2911 E 5th Ct Panama City, FL 32401
Millville NeighborhoodEstimated payment $1,520/month
About This Lot
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.
Property Details
Property Type
- Land
Lot Details
- 30,056 Sq Ft Lot
Schools
- Cedar Grove Elementary School
- Rutherford Middle School
- Rutherford High School
Listing and Financial Details
- Assessor Parcel Number 23280-000-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,097 | $28,262 | -- | -- |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/05/2026 05/05/26 | Price Changed | $265,000 | -3.6% | -- |
| 01/31/2026 01/31/26 | Price Changed | $275,000 | -8.0% | -- |
| 11/17/2025 11/17/25 | For Sale | $299,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $43,500 | Attorney |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $43,500 | Seller Take Back |
Source: Emerald Coast Association of REALTORS®
MLS Number: 989803
APN: 23280-000-000
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