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$275,000

  • For Sale
  • Active
  • Vacant Land
  • 0.69 Acres
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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 is your oyster'' on this one. Don't miss your chance to secure a strategic cash flow opportunity.

Full Property Details for 2911 E 5th Ct

General

  • Price: $275,000
  • Taxes: $1,097 (2024)
  • Status: Active
  • Type: Vacant Land
  • Source: Bay_County
  • MLS ID: 781653
  • Updated: 1/31/2026
  • Added to Site: 97 day(s) ago

Location

  • County: Bay
  • Subdivision: No Named Subdivision
  • Driving Directions: To reach 2911 E 5th Court, Panama City, FL 32401, from downtown Panama City near the Bay County Courthouse, head east on E 23rd Street toward N Watterson Avenue, continue on E 23rd Street until you reach the Millville neighborhood, then turn right onto E 5th Court and continue until you arrive at the property on the right.

School Information

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

Community

  • Community Name: 02 - Bay County - Central

Utilities

  • Sewer: Public Sewer
  • Utility Description: Sewer Available

Lot Features

  • Lot Size (Acres): 0.69
  • Lot Size (Sq. Ft.): 30,056
  • Lot Size: .69
  • Lot Dimensions: 300*100

Financial Considerations

  • Tax Amount: $1,097
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: 11 4S 14W -271- BEG 80' S OF NW COR OF SE1/4 OF NW1/4 OF NW1/4 FOR POB TH S 100' E 300' N 100' W 300' TO POB ORB 3517 P 848
  • Property ID: 23280-000-000

Listed by Salty Marlin Realty LLC

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Listing agent

— 2911 E 5th Ct —

  • Salty Marlin Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2911 E 5th Ct

School District:Bay County School District
NameGradesDistance
Parker Elementary School
640 South Highway 22 A, Panama City, FL 32404
PK-52 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-80.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2911 E 5th Ct Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/31/2026
Price Reduced
$275,000
-8.03%
MLS
11/14/2025
Listed
$299,000
587.36%
MLS
5/08/2013
Sold
$43,500
—
Public Record
Get Price Alerts and Save Property
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 for 2911 E 5th Ct

Year
Property Taxes
Change
Tax Assessment
Change
2025
$493
-55%
$37,050
-36%
2024
$1,097
16%
$57,815
10%
2023
$945
38%
$52,457
70%
2021
$685
-2%
$30,803
-3%
2022
$696
2%
$31,745
7%
2021
$685
46%
$29,727
2%
2019
$469
-14%
$29,043
-19%
2018
$543
2%
$35,874
1%
2017
$533
-2%
$35,558
—
2016
$545
-3%
$35,558
—
2015
$561
-3%
$35,558
-4%
2014
$577
-3%
$36,926
-10%
2013
$597
—
$41,222
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Salty Marlin Realty LLC

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2911 E 5th Court, Panama City, FL 32401 (MLS# 781653) is a Vacant Land property with a lot size of 0.69 acres. 2911 E 5th Court is currently listed for $275,000 and was received on November 14, 2025. Want to learn more about 2911 E 5th Court? Do you have questions about finding other Vacant 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.

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