2911 E 5th Ct Panama City, FL 32401
Millville NeighborhoodEstimated payment $1,540/month
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,097
Lot Details
- 30,056 Sq Ft 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
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 |
|---|---|---|---|---|
| 07/08/2026 07/08/26 | Price Changed | $264,000 | -0.4% | -- |
| 04/20/2026 04/20/26 | Price Changed | $265,000 | -3.6% | -- |
| 01/31/2026 01/31/26 | Price Changed | $275,000 | -8.0% | -- |
| 11/14/2025 11/14/25 | 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: Central Panhandle Association of REALTORS®
MLS Number: 781653
APN: 23280-000-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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Ask me questions while you tour the home.