$60,000
SOLD JUN 25, 2025

525 Elm Way Panama City, FL 32404

2 Acres
$30,000 Price per Acre
87,120 Sq Ft Lot

Recently Sold

8% Below List Price

20 Days on Market

About This Lot

As of June 2025

**CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS.** Discover the perfect blend of space and convenience with this expansive 2-acre property just minutes from Tyndall Air Force Base. The land was professionally cleared following Hurricane Michael, providing a clean slate for your plans, though some natural regrowth has since occurred. Whether you're looking to build your dream home or set up a mobile home, the flexible zoning allows for a range of possibilities. Enjoy peaceful surroundings while staying close to shopping, dining, and the beautiful beaches of the Gulf Coast. Don't miss this opportunity to own affordable, high-potential land in a steadily growing area.

Last Agent to Sell the Property

Heather Wooten

Keller Williams Realty Emerald Coast License #sl3616838 Listed on: 05/09/2025

Keller Williams Realty Emerald Coast

Last Buyer's Agent

Heather Wooten

Keller Williams Realty Emerald Coast License #sl3616838 Listed on: 05/09/2025

Keller Williams Realty Emerald Coast

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $371

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 208 x 417
  • Dirt Road
  • Zoning described as Mobile Home,Resid Single Family

Home Design

  • Home to be built

Schools

  • Callaway Elementary School
  • Everitt Middle School
  • Rutherford High School

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$371

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Lot Size Acres: 2.0
  • Lot Size: 208 x 417
  • Road Surface Type: Dirt
  • Subdivision Name: [No Recorded Subdiv]
  • Property Sub Type Additional: Unimproved Land
  • Special Features: None

Exterior Features

  • Waterfront: No
  • Property Condition: To Be Built

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Everitt

Lot Info

  • Lot Size Sq Ft: 87120.0
  • Zoning Description: Mobile Home,Resid Single Family

Tax Info

  • Tax Annual Amount: 371.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Callaway
  • High School: Rutherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2025
Closed on
Jun 25, 2025
Sold by
Schroff Donald L
Bought by
Alday Jesse Keith and Alday Raven Dawn
Seller's Agent
Heather Wooten
Keller Williams Realty Emerald Coast
Buyer's Agent
Heather Wooten
Keller Williams Realty Emerald Coast
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.85%
Original Mortgage
$251,348
Outstanding Balance
$251,134
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$187,134

Purchase Details

Closed on
Feb 24, 2005
Sold by
Sanders Betty J
Bought by
Schroff Darrell William
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $60,000 Omega National Title Agency
Warranty Deed $60,000 Omega National Title Agency
Warranty Deed $10,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $251,348 New Conventional
Closed $251,348 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Sold $60,000 -7.7% --
05/09/2025 05/09/25 For Sale $65,000 -- --
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,226 $30,000 $30,000 --
2023 $1,226 $21,600 $21,600 $0
2022 $1,173 $17,000 $17,000 $0
2021 $1,179 $17,000 $17,000 $0
2020 $0 $14,617 $0 $0
2019 $40 $14,288 $14,288 $0
2018 $40 $21,776 $0 $0
2017 $40 $21,328 $0 $0
2016 $40 $20,973 $0 $0
2015 $40 $20,827 $0 $0
2014 $40 $20,662 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2025

    Heather Wooten

    Keller Williams Realty Emerald Coast

    (615) 332-8488

    9 Total Sales

    Heather Wooten
    Section Image

  • N

    Buyer Co-Listing Agent in 2025

    Non Member

    NON-MEMBER OFFICE

See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 773249

Central Panhandle Association of REALTORS®

APN: 05991-008-000

Florida Bay County Panama City 32404

525 Elm Way, Panama City, FL

This home is located at 525 Elm Way, Panama City, FL 32404 and is currently priced at $60,000. 525 Elm Way is a home located in Bay County with nearby schools including Callaway Elementary School, Everitt Middle School, and Rutherford High School.

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.

Central Panhandle Association of REALTORS® 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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