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$119,000 Just Listed
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Property Description
Discover the potential of this spacious property located at 5321 Boat Race Rd in Panama City, Florida. Situated in a growing area with convenient access to major roadways, shopping, dining, schools, and the beautiful Gulf Coast beaches, this property offers endless possibilities for homeowners, investors, or those looking for extra space to enjoy the Florida lifestyle. Whether you're seeking a primary residence, rental opportunity, or future investment, this location combines privacy, accessibility, and room to make it your own. Buyer to verify all measurements, zoning, land use, and property details through their own due diligence.
Full Property Details
Full Property Details for 5321 Boat Race Rd
General
- Price: $119,000
- Taxes: $608 (2025)
- Status: Active
- Type: Vacant Land
- Source: Regional
- MLS ID: B26033518
- Updated: 5/27/2026
- Added to Site: 2 day(s) ago
Location
- County: Bay
- Subdivision: PARKER PLAT
- Driving Directions: From I-10, take Exit 130 for FL-71 toward Blountstown/Panama City. Head south on FL-71/US-231 toward Panama City. Continue south, then turn onto Boat Race Rd. Follow Boat Race Rd to 5321 Boat Race Rd, Panama City, FL 32404.
Community
- Community Name: 5940 - Other Florida County
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available
Structural Information
- Current Bldg. Use: Vacant
Lot Features
- Lot Size (Acres): 0.91
- Lot Size (Sq. Ft.): 39,639.6
- Lot Dimensions: 110 x 356
- Development Status: Site Plan Filed
- Zoning: res
Financial Considerations
- Assessment Amount: $45,049
- Tax Amount: $608
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: W H PARKER PLAT BEG INTER W LI LOT 30 & N R/W BOATRACE RD TH E 110.01' N 361.20' W 110.01' S 361.20' TO POB ORB 4471 P 376
- Property ID: 25257002000
Listed by American Realty of PSL LLC
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Schools
Schools serving 5321 Boat Race Rd
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Parker Elementary School 640 South Highway 22 A, Panama City, FL 32404 | PK-5 | 0.5 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 2.7 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 5321 Boat Race Rd
Date
Details
Price
Change
Source
5/27/2026
Listed
$119,000
164.44%
MLS
10/01/2021
Sold
$45,000
—
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 5321 Boat Race Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$608
13%
$45,049
17%
2024
$539
-3%
$38,613
-4%
2023
$553
61%
$40,415
21%
2021
$343
-3%
$33,465
-4%
2022
$353
3%
$34,752
21%
2021
$343
18%
$28,702
5%
2019
$291
-2%
$27,415
—
2018
$296
2%
$27,415
4%
2017
$291
-3%
$26,385
—
2016
$300
-1%
$26,385
2%
2015
$304
—
$25,742
—
2014
$303
11%
$25,742
—
2013
$273
—
$25,742
—
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 5321 Boat Race Rd
5321 Boat Race Road, Panama City, FL 32404 (MLS# B26033518) is a Vacant Land property with a lot size of 0.91 acres. 5321 Boat Race Road is currently listed for $119,000 and was received on May 27, 2026. Want to learn more about 5321 Boat Race Road? 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.

