5505 Shores Rd Panama City, FL 32404
Estimated payment $7,806/month
About This Lot
PRIME COMMERCIAL OPPORTUNITY-4.18 ACRES ON HIGHWAY 231. Don't miss this rare opportunity to own a highly visible 4.18-acre corner parcel on bustling Highway 231, just north of Highway 390, a key gateway corridor into Lynn Haven, Panama City and Panama City Beach, Florida. Situated just south of the Cherokee Heights Road intersection and minutes from the new Publix shopping center, this property offers unmatched exposure in one of the region's fastest growing areas. With high traffic counts, convenient access, and proximity to established and new residential communities, this site is ideal for a variety of commercial developments- restaurant, medical or professional office space, retail center, or storage units- you name it! Its strategic location captures consistent flow from both locals and tourists traveling to the 'World's Most Beautiful Beaches' via Highway 231, making it a smart investment for businesses seeking high visibility and growth potential. Two parcel numbers are included 05857-013-000 and 05857-137-000.
Property Details
Property Type
- Land
Est. Annual Taxes
- $884
Lot Details
- 4.18 Acre Lot
- Property fronts a highway
- Zoning described as Commercial
Schools
- Deer Point Elementary School
- Merritt Brown Middle School
- Mosley High School
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
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 | $884 | $48,638 | -- | -- |
| 2023 | $884 | $44,216 | $104,400 | $2 |
| 2022 | $631 | $40,196 | $0 | $0 |
| 2021 | $435 | $36,542 | $36,540 | $2 |
| 2020 | $439 | $36,542 | $36,540 | $2 |
| 2019 | $438 | $36,542 | $36,540 | $2 |
| 2018 | $512 | $38,807 | $0 | $0 |
| 2017 | $521 | $38,807 | $0 | $0 |
| 2016 | $537 | $39,012 | $0 | $0 |
| 2015 | $554 | $39,012 | $0 | $0 |
| 2014 | $553 | $39,012 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | Price Changed | $1,400,000 | -6.7% | -- |
| 12/27/2024 12/27/24 | For Sale | $1,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $265,000 | -- | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $380,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,826 | Balloon |
Source: Central Panhandle Association of REALTORS®
MLS Number: 767026
APN: 05857-137-000
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.
- 5022 Pretty Way
- 5007 Merritt Brown Dr
- 4948 Shurer Ln
- 6645 Slabinski Ln
- 6644 Slabinski Ln
- 4963 Shurer Ln
- 6480 Slabinski Ln
- 6441 Bellavia Ln
- 5415 Frank Hough Rd
- 5429 Blue Dog Rd
- 5423 Bertha Nelson Rd
- 4717 Maegans Ridge Rd
- 4709 Maegans Ridge Rd
- 4906 Christy Ln
- 4701 Maegans Ridge Rd
- 5544 Whitfield Rd
- 7731 U S 231
- 5501 Whitfield Cir
- 4622 Cherokee Heights Rd
- 5913 N Hwy 231
- 5284 Emma Grace Dr
- 4979 Shurer Ln
- 6621 Slabinski Ln
- 6580 Slabinski Ln
- 5711 Merritt Brown Rd
- 4800 N Star Ave
- 4756 Rosemary St
- 4745 Firefly Ln
- 4792 Loblolly Way
- 4858 Sweetspire Dr
- 4466 Riparian Ln
- 4769 Loblolly Way
- 4523 Bylsma Cir
- 4865 Conner Ln
- 4503 Bylsma Cir
- 198 Mill Bayou Rd
- 4201 E Highway 390
- 6472 Slabinski Ln
- 131 N Shoreview Dr
- 6570 Atkins Rd