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Secluded Lot in Panama City

605 Elm Way, Panama City, FL 32404

For Sale
$40,000

1.75-acre lot perfect for quiet outdoor living.

Property SizeContact for details
Days on Market523

Property Features for 605 Elm Way

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $197
Listing Agency: GILLMAN GROUP REALTY
Listed By: KARA MCKENZIE
Source: Corcoran
Added: Jun 3, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 GILLMAN GROUP REALTY

Rey
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Investment Insights

Based on property information with market context.

This 1.75-acre lot is located in East Callaway Heights in Panama City, offering a secluded setting. The property is suitable for building a single-family home or placing a manufactured/mobile home. A small pond is located near the front of the property. The location provides convenient access to grocery stores, restaurants, and other everyday conveniences, while maintaining a peaceful, private neighborhood environment. It is located 15 minutes from Tyndall Parkway.

Key Highlights

  • 1.75‑acre secluded lot offers quiet outdoor living
  • Versatile property suitable for single‑family, manufactured, or mobile home
  • Located in a peaceful, private neighborhood

Property Analytics

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Open Analytics

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom Real Estate Agency Computer & Electronic Repair Tech Support Center Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 32404, FL

38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 1.75-acre lot perfect for quiet outdoor living.
Where is this residential land & home lot located?
The property is located at 605 Elm Way Panama City, FL.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 1.75‑acre secluded lot offers quiet outdoor living; Versatile property suitable for single‑family, manufactured, or mobile home; Located in a peaceful, private neighborhood
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