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2911 E 5th Court, Panama City, FL 32401

Local realty services provided by:CENTURY 21 Ryan Realty
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
MLS#:989803
Source:FL_ECAR

Price summary

  • Price:$299,000

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:71 day(s) ago
  • Updated:January 28, 2026 at 06:16 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:$299,000
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