$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 Addition, you're getting land at a price point that suggests either significant upside potential or underlying complications worth investigating—the low per-foot cost relative to waterfront proximity raises questions about title, zoning restrictions, or site limitations. The 0.15-acre lot is quite small and would need to be paired with adjacent parcels or fit a very specific use case, so you'll want to clarify what's actually buildable here before getting excited about the price. Being in flood zone X is a genuine plus for insurance costs, but verify the lot's exact elevation and whether any environmental or infrastructure constraints exist that might explain why it's sitting at this price point.
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
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
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
More homes like this
$49,999
525 Sanders Ln
Panama City, FL 32401
0.52 acres
MLS ID #A4697589, NEW ALLIANCE GROUP REALTY.
Listing provided by Stellar MLS
$86,000
135 Everitt Ave
Panama City, FL 32401
0.53 acres
MLS ID #O6230000, KELLY RIGHT REAL ESTATE.
Listing provided by Stellar MLS
$39,900
3504 E 5th St
Panama City, FL 32401
0.26 acres
Shopes 1st Add
MLS ID #O6230005, KELLY RIGHT REAL ESTATE.
Listing provided by Stellar MLS
$44,000
Bully Bal Pl
Panama City, FL 32404
0.31 acres
MLS ID #TB8511500, FIELDS OF PROSPER LLC.
Listing provided by Stellar MLS
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