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$58,000
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Property Description
Affordable opportunity to acquire a 0.15-acre vacant residential lot at 509 N James Avenue, Panama City, FL 32401. This compact parcel is ideal for building a small home, placing a mobile home, or holding as a future investment. Located in a quiet neighborhood with convenient access to local amenities, schools, and major roadways, the property offers flexibility and strong long-term potential. Perfect for first-time buyers, investors, or builders seeking an easily developable homesite in Panama City.
Full Property Details
Full Property Details for 509 N James Ave
General
- Price: $58,000
- Taxes: $523 (2023)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: O6230003
- Updated: 11/28/2025
- Added to Site: 508 day(s) ago
Location
- Area: 32401 - Panama City
- County: Bay
- Development Name: 32401 - Panama City
- Subdivision: SHERMANS ADD
- Driving Directions: 860 W 11th St Head south 135 ft Turn right toward Wood Ave 187 ft Turn left onto Wood Ave 469 ft Turn left onto W 11th St 2.9 mi Turn right onto N East Ave 0.6 mi Turn left onto E 6th St 341 ft Turn right onto N James Ave Destination will be on the right 374 ft 509 N James Ave, Panama City, FL 32401
Community
- Community Name: 32401 - Panama City
Utilities
- Sewer: None
- Water: None
- Utility Description: Other
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,708
- Lot Size: 6708
- Lot Dimensions: 50 x 135
- Street/Road Desc.: Dirt
Financial Considerations
- Price Per Acre: $386,667
- Tax Amount: $523.53
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: SHERMANS ADD LOT 16 BLK B ORB 4723 P 540
- Flood Zone Info: X
- APN: 23722000000
- Property ID: 23722000000
- Block/Lot/Section: B
Listed by Kelly Right Real Estate
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Schools
Schools serving 509 N James Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Parker Elementary School 640 South Highway 22 A, Panama City, FL 32404 | PK-5 | 2.1 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 0.8 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 509 N James Ave
Date
Details
Price
Change
Source
8/28/2024
Listed
$58,000
346.15%
MLS
8/22/2023
Sold
$13,000
—
Public Record
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 509 N James Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$645
23%
$21,852
12%
2023
$524
7%
$19,573
9%
2022
$489
3%
$17,955
4%
2021
$477
—
$17,331
5%
2021
$477
82%
$16,501
2%
2019
$262
-13%
$16,210
-19%
2018
$302
1%
$19,923
—
2017
$299
-2%
$19,923
—
2016
$306
-3%
$19,923
—
2015
$314
-1%
$19,923
-2%
2014
$318
6%
$20,371
-2%
2013
$301
—
$20,759
—
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 509 N James Ave
509 N James Avenue, Panama City, FL 32401 (MLS# O6230003) is a Lots/Land property with a lot size of 0.15 acres. 509 N James Avenue is currently listed for $58,000 and was received on August 28, 2024. Want to learn more about 509 N James 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.

