2911 E 5th Court, Panama City, FL 32401

Local realty services provided by:ERA Neubauer Real Estate, Inc.
2911 E 5th Court,Panama City, FL 32401
$299,000
  • 0.69 Acres
  • Lots / Land
  • Active
Listed by: ramone c silvera
Office: salty marlin realty llc.
MLS#:781653
Source:FL_BCMLS

Price summary

  • Price:$299,000

About this home

Prime Investment Opportunity: Six Buildable Lots that's already CLEARED!! Unlock the potential of this amazing 30,000 sqft (0.68-acre) parcel, perfectly positioned for immediate development! The lot is a 100ft deep and has an impressive 300ft frontage, making it an ideal site for six (6) individual 50' x 100' buildable lots. The best part is the lot is already re-zoned and per the city you don't have to convert it to subdivision, which has the potential of you just putting in a culvert in the front for drainage. A win-win situation!! The best part about this opportunity is the ROI, the average homes in that area sold in the past few months were about 255k. The average cost to build a 1200sqft house is 110k-130k. That leaves a lot of equity built into each home!! Now, do the math and times that by 6! Wouldn't you say that's worth it? Also, because the property has exceptional versatility, another option could be to build 3-Duplex units and cash flow or resell. ''The world

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Home facts

  • Listing ID #:781653
  • Added:52 day(s) ago
  • Updated:January 06, 2026 at 12:10 PM

Structure and exterior

  • Lot area:0.69 Acres

Schools

  • High school:Rutherford
  • Middle school:Rutherford
  • Elementary school:Cedar Grove

Utilities

  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$299,000
  • Tax amount:$1,097 (2024)
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