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2911 E 5th Court, Panama City, FL 32401

Panama City
Local realty services provided by:CENTURY 21 Wimco Realty, Inc.
2911 E 5th Court,Panama City, FL 32401
$264,000
  • 0.69 Acres
  • Lots / Land
  • Active
Listed by: ramone c silvera
Office: salty marlin realty
MLS#:989803
Source:FL_ECAR

Price summary

  • Price:$264,000

About this home

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.

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Home facts

  • Listing ID #:989803
  • Added:252 day(s) ago
  • Updated:July 28, 2026 at 03:15 PM

Structure and exterior

  • Lot area:0.69 Acres

Schools

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

Finances and disclosures

  • Price:$264,000
The information being provided by Emerald Coast Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Emerald Coast Association Of REALTORS®. CENTURY 21 Wimco Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Wimco Realty, Inc., a broker participant of Emerald Coast Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Emerald Coast Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Emerald Coast Association Of REALTORS®. All rights reserved. FL_ECAR Member Broker: Charles Wimberly Jr

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