$400,000
SOLD JAN 9, 2025

4525 Carla Ln Panama City, FL 32405

12 Beds
7 Baths
4,656 Sq Ft
5 Acres

Recently Sold

$86 Per Sq Ft

6% Below List Price

1 Day on Market

Highlights

  • Waterfront
  • No HOA
  • 1-Story Property
  • A. Crawford Mosley High School Rated A-

About This Home

As of January 2025

This property is a MULTI-FAMILY INVESTOR and DEVELOPERS DREAM! This 5-acre parcel currently brings in $4,000/month in income and has incredible potential for future development. Positioned in Lynn Haven, recently named one of the TOP 10 places to live in Florida, you'll find 5 acres zoned Medium Density that currently holds MULTI-FAMILY investment properties where all structures are occupied by tenants. Bringing in $4,000/month in income, this is a PRIME opportunity to cash flow from day 1 and hold the property for future development. 4525 Carla Lane offers 5 acres, zoned Medium Density Residential and density is 4-10 units per acre. Zoned for single family homes, duplexes, multi-family or group home - the possibilities are endless with this future development opportunity. This property includes 5 structures and are all occupied by tenants at this time. There is also a 30'x60' garage with 4 bays and roll-up garage doors. This garage is currently being used for storage by Owner but leaves opportunity to bring in additional income, if rented.This property is located less than 1/2 mile from Trane Technologies and the Lynn Haven Sports Complex, within a few miles of Publix, Dollar General and dining and within 2 miles of North Bay Haven Charter Academy.All information provided must be verified by Buyer, if important. Property is occupied by tenants. Please do not disturb tenants.

Last Agent to Sell the Property

Carly Sostheim

Corcoran Reverie Listed on: 12/18/2024

Corcoran Reverie

Last Buyer's Agent

Carly Sostheim

Corcoran Reverie Listed on: 12/18/2024

Corcoran Reverie

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,171

Year Built

  • Built in 1985

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 326 x 620
  • Waterfront

Parking

  • Additional Parking

Interior Spaces

  • 4,656 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Full Bathrooms

Schools

  • Deer Point Elementary School
  • Mowat Middle School
  • Mosley High School

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,171

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1985
  • Property Sub Type: Multi Family
  • Lot Size Acres: 5.0
  • Lot Size: 326 x 620
  • Road Surface Type: Paved
  • Subdivision Name: [No Recorded Subdiv]
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Full Bathrooms: 7
  • Total Bedrooms: 12
  • Living Area: 4656.0
  • Dining Room Type: Bedroom
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront Features: Waterfront
  • Waterfront: No

Garage/Parking

  • Parking Features: Additional Parking
  • Garage: No

Utilities

  • Utilities: Septic Available, Water Available
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Mowat

Lot Info

  • Lot Features: Pond on Lot, Waterfront
  • Lot Size Sq Ft: 217800.0
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Unfurnished
  • Lease Term: Month To Month

Tax Info

  • Tax Annual Amount: 4170.57
  • Tax Year: 2024

MLS Schools

  • Elementary School: Deer Point
  • High School: Mosley

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2025 01/09/25 Sold $400,000 -5.9% $86 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
12/18/2024 12/18/24 For Sale $425,000 -- $91 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 766315

Central Panhandle Association of REALTORS®