2911 E 5th Court, Panama City

$250,000

0 Bed
0 Bath
.69 Acre
0 Garage

Prime investment opportunity: six cleared and buildable lots ready for immediate development. This 30,000-sqft parcel offers a 100-ft depth and an impressive 300-ft frontage, allowing six individual 50' x 100' lots. The property is already rezoned, and the city confirms no subdivision conversion is required—simply install a front culvert for drainage. With local homes recently selling around $255K and build costs for a 1,200-sqft home averaging $110K-$130K, each project offers strong equity and compelling ROI. Multiply that potential by six and the profit becomes undeniable. The land also supports alternative strategies, including three duplexes for long-term cash flow or resale. Don't miss this versatile, high-return opportunity.

Essential Information
MLS® #989803
Price$250,000
Acres0.69
TypeLand
Sub-TypeUnimproved Land
StatusActive
Community Information
Address2911 E 5th Court
Area27 - Bay County
SubdivisionNO RECORDED SUBDIVISION
CityPanama City
CountyBay
StateFL
Zip Code32401
Amenities
UtilitiesPublic Sewer
School Information
ElementaryCedar Grove
HighRutherford
Listing Details
OfficeSalty Marlin Realty
Property History
Price Reduced from $264,000 to $250,000
Price Reduced from $265,000 to $264,000
Price Reduced from $275,000 to $265,000
Price Reduced from $299,000 to $275,000
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Listing information last updated on October 14th, 2026 at 8:52pm CDT.