5505 Shores Rd Panama City, FL 32404
Estimated payment $6,650/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. BRING AN OFFER!
Property Details
Property Type
- Land
Est. Annual Taxes
- $884
Lot Details
- 4.18 Acre Lot
- Property fronts a highway
- Zoning described as Commercial
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Price Changed | $1,250,000 | -10.7% | -- |
| 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
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