Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    342 Palm Dr Panama City Beach, FL 32413

    Sponsored
    For Sale
    $222,000

    LAND - Panama City Beach, FL

    Lot size:
    0.13 Acres
    Days on Market:
    238
    Last Refresh:
    Jan 28 at 4:06 pm

    Property Features for 342 Palm Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    35326-010-000
    Lot size
    0.13 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Beth Mulvey
    Beth Mulvey

    Beach House Sales and Development, LLC (256) 566-5482

    Listing agent Beth Mulvey (850) 919-3500 License #B5482 E27277

    Listing date Jun 5, 2025

    MLS# 770849

    Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cleared Lot in Laguna Beach

    Located in Laguna Beach, on the west end of Panama City Beach, this cleared 50x110 vacant lot is ready for development. Water and electricity are already on site. Zoned R-2 with Bay County, short-term rentals are allowed, making it suitable for a beach rental or vacation retreat. Situated in Flood Zone X, no flood insurance is required. There is no HOA. The owner of this lot also owns the adjacent lot and may be willing to sell it as well. This property offers the opportunity to build a dream home or invest in a prime location, a short golf cart ride to the beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Auto Repair Shop Accounting Firm Kitchen & Bath Bar & Pub Hotel & Motel Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.939719
    Latitude
    30.252641

    Nearby Similar for Sale

    • $750,000
      Pending

      Furnished Triplex Near Panama City Beach

      Rental-ready triplex near beaches, restaurants, and attractions.
      3903 Raven St Unit, Panama City Beach, FL 32408
      View Details
    • $1,595,000
      4,735 SF

      New Duplex Near Beach

      New construction duplex near the beach with high rental potential.
      232 San Vincente St, Panama City Beach, FL 32413
      View Details
    • $849,900
      2,465 SF

      Coastal Duplex Near Panama City Beach

      Fully furnished duplex near the beach, ideal for investors.
      129 Malaga Pl, Panama City Beach, FL 32413
      View Details
    • $2,400,000

      Duplex Near Panama City Beach

      Newer construction, fully furnished duplex near the beach.
      6006 Thomas Dr, Panama City Beach, FL 32408
      View Details
    • $464,999
      960 SF

      Renovated Duplex Near Panama City Beach

      Tastefully renovated duplex, steps from the beach, ideal for investors.
      219 Palmetto Pl, Panama City Beach, FL 32413
      View Details
    • $520,000
      1,664 SF

      Updated Duplex Near Panama City Beach

      Remodeled duplex near the beach with income potential.
      116 Lakeside Cir, Panama City Beach, FL 32413
      View Details
    • $569,000
      Pending

      Turnkey Duplex Near Navy Base

      Well-maintained duplex in high-demand area, ideal for investors.
      3701 Lee St, Panama City Beach, FL 32408
      View Details
    • $675,000
      2,380 SF

      Beachside Duplex Near Panama City Beach

      Income-producing duplex, one block from the beach.
      6328 Beach Dr, Panama City Beach, FL 32408
      View Details
    • $1,399,000
      3,200 SF

      Panama City Beach Cottages and Lots

      Four cottages and nine buildable lots near Panama City Beach.
      2907 Sarah Jean Ct, Panama City Beach, FL 32408
      View Details
    • $1,050,000
      0.57 Acres

      Remodeled Quadplex in Panama City Beach

      Charming, remodeled quadplex near beaches, restaurants, and attractions.
      2809 Lagoon Knl, Panama City Beach, FL 32408
      View Details
    • $797,500
      2,368 SF

      New Duplex Near Beach, No HOA

      New construction duplex near the beach with high rental potential.
      232 San Vincente St, Panama City Beach, FL 32413
      View Details
    • $1,495,000
      4,746 SF

      Duplex Near Private Beach Access

      Duplex in Bid-A-Wee Beach neighborhood with rental potential.
      506 Anemone St, Panama City Beach, FL 32413
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot in Panama City Beach, short-term rentals allowed.
    Where is this land located?
    The property is located at 342 Palm Dr Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $222,000.
    What are key features of this property?
    This property features: - Cleared 50x110 vacant lot in desirable Laguna Beach area of Panama City Beach.; - Zoned R-2 with Bay County allowing short-term rentals.; - Water and electricity are already on site.
    (256) 566-5482
    Request Owner's contact information
    342 Palm Dr Panama City Beach, FL 32413
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    342 Palm Dr
    Panama City Beach, FL 32413
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    342 Palm Dr Panama City Beach, FL 32413
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Beth Mulvey
    Beth Mulvey
    Real Estate License ID: B5482 E27277
    (256) 566-5482
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.