NOT LISTED FOR SALE

525 Elm Way Panama City, FL 32404

East Panama City Neighborhood

Estimated Value: $54,000 - $63,000

2 Acres
$29,334 Price per Acre
87,120 Sq Ft Lot

Sale Details

Date Sold: June 25, 2025

Last sale price $60,000

Est. 2% decrease in value since last sale

Current estimated payment $429 / mo

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

Non Member

NON-MEMBER OFFICE

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 Resid Single Family, Mobile Home

Schools

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

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$371

Lot Details

2 Acres

Listing Details

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

Exterior Features

  • Waterfront: No

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Everitt

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 87120.0
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family, Mobile Home

Tax Info

  • Tax Annual Amount: 371.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Callaway
  • High School: Rutherford

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2025
Closed on
Jun 25, 2025
Sold by
Bought by
Seller's Agent
Heather Wooten
Keller Williams Realty Emerald Coast
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%
Views
5
Current Estimated Value
$58,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,333
Avg. Annual Appreciation
-2.24%
Original Mortgage
$251,348
Outstanding Balance
$250,919
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$192,252

Purchase Details

Closed on
Feb 24, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Buyer Sale Price Title Company
$60,000 Omega National Title Agency
$60,000 Omega National Title Agency
$10,000 --
Source: Public Records

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 Borrower Loan Amount
Open $251,348
Closed $251,348
Source: Public Records

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
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

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 $1,347 $33,000 $33,000 --
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

    5 in this area

    18 Total Sales

    Heather Wooten
    Section Image

  • N

    Buyer's 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 East Panama City

525 Elm Way, Panama City, FL

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.