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    5100 Old Majette Tower Rd Panama City, FL 32404

    For Sale
    $90,000

    12.56 Acres, Panama City, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 12.56-acre parcel presents a unique opportunity for residential development in desirable Bay County, Florida. Located on Old Majette Tower Road, this property boasts convenient access to Panama City's amenities, including the Panama City Mall, situated just minutes away. Enjoy the proximity to the recreational opportunities of Panama City Beach, a mere 20-minute drive. The land is zoned for residential use, offering significant potential for building your dream home or developing a residential project. Utilities are readily available, with public water and sewer services accessible at the street, along with electricity. The property's expansive size provides ample space for a variety of building plans, offering privacy and room to create a truly special property. The advantageous location across the road from the Majette Dunes Golf Course adds to the appeal, providing a tranquil and scenic backdrop. The property's APN is 05894-020-000. This is a for sale by owner listing, priced at $90,000. Don't miss this chance to acquire this substantial piece of land in a highly sought-after area. The property's address is 5100 Old Majette Tower Rd, Panama City, FL 32404.

    Property Features for 5100 Old Majette Tower Rd

    General Information

    Property type
    Land
    Lot Size
    547,114 SF

    HighLights

    • $90,000 asking price.
    • 12.56 acres of residential land.
    • Located in Panama City, FL, with APN 05894‑020‑000.
    • Residential zoning.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Wholesale Shop Kitchen & Bath Plumbing Service Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.5257466
    Latitude
    30.2444309

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    FAQs

    What type of property is this?
    Land - 12.56 Acres, Panama City, FL
    Where is this land located?
    The property is located at 5100 Old Majette Tower Rd Panama City, FL.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: $90,000 asking price.; 12.56 acres of residential land.; Located in Panama City, FL, with APN 05894-020-000.
    Request Owner's contact information
    5100 Old Majette Tower Rd Panama City, FL 32404
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    Panama City, FL 32404
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    Realmo Value Estimation

    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.

    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.

    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
    5100 Old Majette Tower Rd Panama City, FL 32404
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