Buildable Lots Ready for
For Sale
$264,000
2911 E 5th Ct, Panama City, FL 32401
Six cleared lots, ready for immediate development in Panama City.
Property SizeContact for details
Lot Size0.69 Acres
Days on Market272
Property Features for 2911 E 5th Ct
General Information
Standard status
Active
Lot size
0.69 Acres
Property subtype
Land
Listing Agency:
SALTY MARLIN REALTY LLC
(954) 330-3095
Listed By:
Ramone C Silvera
(954) 330-3095
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Jul 16 at 6:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SALTY MARLIN REALTY LLC
Investment Insights
Based on property information with market context.
This property presents a prime investment opportunity with six cleared and buildable lots ready for immediate development. The 30,000-sqft parcel features a 100-ft depth and a 300-ft frontage, accommodating six individual 50' x 100' lots. The property has been rezoned, and the city has confirmed that no subdivision conversion is required; only the installation of a front culvert for drainage is needed. Local homes have recently sold for approximately $255,000, and build costs for a 1,200-sqft home average between $110,000 and $130,000, suggesting strong equity and ROI potential for each project. Alternative strategies include the construction of three duplexes for long-term cash flow or resale. This versatile property is located in Panama City, Florida.
Key Highlights
- Six cleared and buildable lots ready for immediate development.
- 30,000 sqft parcel with 300‑ft frontage and 100‑ft depth allows for six individual 50' x 100' lots.
- Rezoned and no subdivision conversion required.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Six cleared lots, ready for immediate development in Panama City.
Where is this land located?
The property is located at 2911 E 5th Ct Panama City, FL.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: Six cleared and buildable lots ready for immediate development.; 30,000 sqft parcel with 300‑ft frontage and 100‑ft depth allows for six individual 50' x 100' lots.; Rezoned and no subdivision conversion required.
