$58,000
509 James Avenue
Panama City, FL 32401
Listing updated: June 16, 2026 at 3:49 AM ET
Listing courtesy of Kelly Right Real Estate · Samih Sadiq · MLS #O6230003 · Active · 813-321-2282Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Affordable opportunity to acquire a 0.15-acre vacant lot at 509 N James Avenue, Panama City, FL 32401. "Zoning: GC 1" This compact parcel is ideal for building a retreat or holding as a future investment. Located in a quiet neighborhood with convenient access to local amenities, schools, and major roadways, the property offers flexibility and strong long-term potential. Perfect for first-time buyers, investors, or builders seeking an easily developable estate in Panama City.. Pin Location: Latitude 30.15749554, Longitude -85.62438168. Note: buyers I emphasize the importance of conducting thorough due diligence to ensure that the property meets your expectations and requirements.
Local Insight
At $9 per square foot in downtown Panama City's Shermans Add subdivision, you're getting raw land in an established urban area without the typical constraints of HOA fees or flood zone complications—but you'll want to verify what the actual zoning allows since 0.15 acres is small enough that your development options could be severely limited. The 360° tour should tell you exactly what's around this lot, because proximity to commercial corridors, residential neighborhoods, or industrial zones will make or break whether this feels like a genuine opportunity or a speculative gamble on future revitalization.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history657 days on market
- Status: ActiveAug 29, 2024
- Listed$58,000Aug 28, 2024
- Price increased$58,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 657
- Subdivision
- Shermans Add
- County
- Bay
- Price/sq ft
- $9
- Lot size
- 6,708 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X
- Annual taxes
- $524 (2023)
- Parcel #
- 23722-000-000
- Zoning
- GC 1
- MLS #
- O6230003
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HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Dirt
Utilities
- Sewer
- None
- Water source
- None
- Utilities
- Other
Listing Details
- Listing date
- 2024-08-28
- On market date
- 2024-08-28
- Original list price
- $58,000
- MLS area
- 32401 - Panama City
- Listing AOR
- Pinellas Suncoast
- Status changed
- 2024-08-29
- Tax legal description
- SHERMANS ADD LOT 16 BLK B ORB 4723 P 540
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
860 W 11th St Head south 135 ft Turn right toward Wood Ave 187 ft Turn left onto Wood Ave 469 ft Turn left onto W 11th St 2.9 mi Turn right onto N East Ave 0.6 mi Turn left onto E 6th St 341 ft Turn right onto N James Ave Destination will be on the right 374 ft 509 N James Ave, Panama City, FL 32401
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 16, 2026 at 3:49 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA