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$47,000 Just Listed
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Property Description
Excellent opportunity to own a vacant lot in a growing Panama City location. This approximately 66' x 140' parcel offers ample space for future development and is conveniently situated near local amenities, businesses, and transportation corridors. Whether you're looking to build or invest, this property presents outstanding potential. Buyer to verify all information deemed important.
Full Property Details
Full Property Details for 1504 Drake Ave
General
- Price: $47,000
- Taxes: $509 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: N6145914
- Updated: 10/7/2026
- Added to Site: 2 day(s) ago
Location
- Area: 32405 - Panama City
- County: Bay
- Development Name: 32405 - Panama City
- Driving Directions: From Highway 231, head west on 15th Street. Turn north onto Drake Avenue. Continue to the property located at 1504 Drake Ave. The vacant lot will be on your left.
- Direction Faces: West
Community
- Community Name: 32405 - Panama City
Utilities
- Sewer: None
- Water: None
- Utility Description: Cable TV Available, Water Available
Structural Information
- Current Bldg. Use: Unimproved
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,234
- Lot Size: 9234
- Lot Dimensions: 66 140
- Street/Road Desc.: Unimproved
Financial Considerations
- Price Per Acre: $223,810
- Tax Amount: $509
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 12, BLOCK 27, SE1/4, SECTION 36, TOWNSHIP 3 SOUTH, RANGE 15 WEST
- APN: 29528000000
- Property ID: 29528000000
- Block/Lot/Section: 29528-0
Listed by Exit King Realty
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Schools
Schools serving 1504 Drake Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Lucille Moore Elementary School 1900 Michigan Avenue, Panama City, FL 32405 | PK-5 | 0.7 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 1.8 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1504 Drake Ave
Date
Details
Price
Change
Source
10/07/2026
Listed
$47,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1504 Drake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$546
7%
$42,559
16%
2024
$509
-20%
$36,673
14%
2023
$638
22%
$32,145
53%
2021
$523
-5%
$21,021
-8%
2022
$550
5%
$22,896
11%
2021
$523
67%
$20,632
6%
2019
$314
8%
$19,404
2%
2018
$290
12%
$18,996
10%
2017
$259
—
$17,269
3%
2016
$258
1%
$16,816
4%
2015
$255
1%
$16,170
—
2014
$253
-3%
$16,170
-11%
2013
$262
—
$18,110
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1504 Drake Ave
1504 Drake Avenue, Panama City, FL 32405 (MLS# N6145914) is a Lots/Land property with a lot size of 0.21 acres. 1504 Drake Avenue is currently listed for $47,000 and was received on October 07, 2026. Want to learn more about 1504 Drake Avenue? Do you have questions about finding other Lots/Land real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

