$119,000
Panama City, FL 32409
MLS# 792475
1 / 6
Property Description
Excellent development opportunity at 1427 1st Street in Panama City -- four buildable residential lots, each 50' x 150', zoned R-2 in Bay County. Located in Flood Zone X, and with water already available, this property helps simplify and speed up the building process. R-2 zoning allows for single family, duplex, townhomes, or manufactured homes, offering outstanding flexibility for builders and investors. Whether you're looking to build spec homes for investment or duplexes to rent, this is an ideal opportunity in a growing area of Panama City.
Details
Maps
Contract Info
List Price/Acre: 175000
Status: Active
List Date: 2026-07-10
List Price: $119,000
Current Price: $119,000
Location
Sub Area: 0410 - Bay North - West Deerpoint/Southport
Community/Resort: None
Waterfront: No
Elementary School: Southport
Middle School: Deane Bozeman
High School: Deane Bozeman
Directions: Travel north on Highway 77 toward Southport. Turn right onto Liberty Street, then turn right onto 1st Street. Continue east on 1st Street to 1427 1st Street, which will be on your left.
Street #: 1427
Street Name: 1st
Street Suffix: Street
Area: 04 - Bay County - North
State: FL
Zip Code: 32409
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 08136-050-000
Legal Description: SOUTHPORT PLAT 101B2 LOT 8 BLK 6 ORB 4830 P 503
General Property Info
Acreage: 0.68
Lot Size (SqFt): 29621
Lot Dimensions: 194x147
Sub-Type: Residential Lots
Listing Info, Tax & Legal
HOA Fee: No
Last Taxes: 210.98
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Excellent development opportunity at 1427 1st Street in Panama City -- four buildable residential lots, each 50' x 150', zoned R-2 in Bay County. Located in Flood Zone X, and with water already available, this property helps simplify and speed up the building process.
R-2 zoning allows for single family, duplex, townhomes, or manufactured homes, offering outstanding flexibility for builders and investors. Whether you're looking to build spec homes for investment or duplexes to rent, this is an ideal opportunity in a growing area of Panama City.
Utilities
Electricity - Connected: 1
Water Connected: 1
Property Features
Utilities: Electricity - Connected; Water Connected
Listing Office: Think Real Estate
Last Updated: August - 19 - 2026
Information deemed reliable but not guaranteed.