4231 Fl-389 Panama City, FL 32405
This exceptional 4.71-acre parcel presents a remarkable opportunity for residential development in the thriving city of Lynn Haven, Florida. Located within city limits at 4231 FL-389, Panama City, FL 32405 (APN: 11537-020-000), this property is zoned R-1, permitting single-family residential construction. A significant advantage is the pre-approved plan for a 16-lot subdivision, streamlining the development process and minimizing potential delays. The land's strategic location near several recently completed subdivisions underscores the area's robust growth and high demand for new housing. This makes it an ideal investment for builders or developers seeking a turnkey project in a desirable location. The asking price is $675,000. Buyers are encouraged to conduct their own due diligence to verify all information. This property offers a compelling combination of approved plans, prime location, and significant development potential, making it a highly attractive investment opportunity. The property is situated in Bay County and offers easy access to local amenities and transportation networks. This is a rare chance to acquire a ready-to-develop residential site in a flourishing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.