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4508 Magnolia Beach Rd, Panama City, FL 32408
$446,250
4508 Magnolia Beach Rd, Panama City, FL 32408View this property at 4508 Magnolia Beach Rd, Panama City, FL 32408
4508 Magnolia Beach RdPanama CityFL32408
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Property Description
Auction Sale: Starting Bid of $75,000. Mark your calendar for September 11 through the 13th, 2023, as the property will be auctioned live online. This expansive parcel, spanning 2.11 acres, presents a rare chance for savvy investors to capitalize on the booming housing market in the area. The property is zoned R-1, allowing for the construction of up to 8 detached single-family homes per acre. With this generous zoning allowance, you have the potential to build an impressive total of 16 lots and homes. The property boasts an enviable location, with road frontage on both Magnolia Beach Road and Bear Point Road. This dual access not only provides convenience but also enhances the development's visibility, making it an appealing prospect for potential homeowners and tenants alike.
Full Property Details
Full Property Details for 4508 Magnolia Beach Rd
General
- Sold For: $446,250
- Taxes: $2,693 (2022)
- Status: Closed
- Type: Land Residential
- MLS ID: A11437200
- Added to Site: 275 day(s) ago
Location
- County: Bay County
Utilities
- Sewer: Public Sanitation
- Water: Municipal Water
- Utility Description: Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Water Available
Structural Information
- Structure Type: Residential
- Detached/Attached: Detached
- Current Bldg. Use: Unimproved Business/Commercial, Unimproved Multi Family (5+Units), Unimproved Single Family (5+ Lots)
Lot Features
- Lot Size (Acres): 2.111
- Lot Size (Sq. Ft.): 91,955
- Lot Dimensions: 418 x 220
- Frontage Feet: 418
- Street/Road Desc.: Paved
- Lot Features: Beach Area, Urban Area Development, 1-2.5 Acres
- Potential Use: Investment, None
- Zoning: R-1
Financial Considerations
- Tax Amount: $2,693
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Auction
- Legal Description: 10 4S 15W -9.10- 69D1 COM NE COR OF SECS TH S 903' W 50' S 264.38' FOR POB TH W 460 SLY 183.49' SELY 339.70' SELYB 77.89' NLY 101.83' N 50'
- Property ID: 31235-010-000
Listed and Sold by Moecker Realty, Inc.
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Schools
Schools serving 4508 Magnolia Beach Rd
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7400 Patronis Dr, P C Beach, FL 32408 | PK-5 | 2.3 mi | |
300 Nautilus St, P C Beach, FL 32413 | 6-8 | 8.1 mi | |
550 N Alf Coleman Rd, P C Beach, FL 32407 | 9-12 | 5.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4508 Magnolia Beach Rd
Date
Details
Price
Change
Source
11/15/2023
Sold
$446,250
495%
MLS
8/16/2023
Listed
$75,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4508 Magnolia Beach Rd, Panama City, FL 32408 (MLS# A11437200) is a Land Residential property that was sold at $446,250 on November 15, 2023. Want to learn more about 4508 Magnolia Beach Rd? Do you have questions about finding other Land Residential 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.