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

    5234 Finisterre Dr Panama City Beach, FL 32408

    Sponsored
    For Sale
    $899,000

    LAND - Panama City Beach, FL

    Lot size:
    0.71 Acres
    Days on Market:
    32
    Last Refresh:
    Feb 6 at 5:06 pm

    Property Features for 5234 Finisterre Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    31424-512-000
    Lot size
    0.71 Acres

    Utilities

    Sewer type
    Public Sewer
    Water front
    1

    We can help!

    Listing Contact
    Ashlie James

    Beachy Beach Real Estate (850) 527-5651

    Listing agent Ashlie James (850) 233-4351 License #3073286

    Listing date Jan 6, 2026

    MLS# 752262 Listing URL

    Copyright © 2026 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

    Waterfront Lot in Gated Community

    This residential lot is located in the Finisterre gated community and offers waterfront living with Gulf access. The property features approximately 165 feet of water frontage and is preapproved for a private dock. Residents can enjoy amenities such as tennis courts, basketball courts, and a community dock. The lot size is approximately 0.71 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Nail Salon Gym & Fitness Center

    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
    -85.737518
    Latitude
    30.147532

    Nearby Similar for Sale

    • New
      $985,000
      2,606 SF

      Luxury Duplex Near Gulf

      Rental-ready duplex steps from the Gulf of Mexico.
      309 Paridiso Pl, Panama City Beach, FL 32413
      View Details
    • $2,400,000

      Furnished Duplex Near Panama City Beach

      Turnkey duplex near the beach, ideal for rental income.
      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
    • $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
    • $1,495,000
      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
    • New
      $525,999
      1,560 SF

      Panama City Beach Duplex Investment

      Duplex near beach with income potential in Panama City Beach.
      22107 Bataan Ave, Panama City Beach, FL 32413
      View Details
    • New
      $525,999
      1,560 SF

      Versatile Duplex Near Beach Access

      Duplex in Panama City Beach, near beach, with income potential.
      22107 Bataan Ave, Panama City Beach, FL 32413
      View Details
    • $1,350,000
      6,728 SF

      Panama City Beach Retail Opportunity

      Versatile commercial property with retail and warehouse space in Florida.
      13201 Hutchison Blvd, Panama City Beach, FL 32407
      View Details
    • $349,500
      Pending

      Duplex Near Beach and Lagoon

      Duplex near Grand Lagoon and Gulf of America with rental potential.
      6316 Sunset Ave, Panama City Beach, FL 32408
      View Details
    • $6,590,000
      28,010 SF

      Unique Industrial Warehouse in Panama

      Exceptional warehouse with unmatched clear height in Panama City Beach.
      109 Estes Pl, Panama City Beach, FL 32413
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with Gulf access in Panama City Beach, FL.
    Where is this residential land & home lot located?
    The property is located at 5234 Finisterre Dr Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Direct Gulf of Mexico access; - Located in the exclusive, gated Finisterre community; - Approximately 165 feet of pristine water frontage
    (850) 628-1000
    Request Owner's contact information
    5234 Finisterre Dr Panama City Beach, FL 32408
    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.
    5234 Finisterre Dr
    Panama City Beach, FL 32408
    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
    5234 Finisterre Dr Panama City Beach, FL 32408
    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
    Ashlie James
    Real Estate License ID: 3073286
    (850) 628-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.