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W 12th St Panama City, FL $ 780,000
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$ 780,000 Get more info
W 12th St
$ 780,000
Back to search
Share Save

W 12th St

Panama City, FL, 32040
$ 780,000
Baths0.0

Monthly Estimate*

$ 4,866

W 12th St, Panama City, FL 32040 - Image 1
W 12th St, Panama City, FL 32040 - Image 2
W 12th St, Panama City, FL 32040 - Image 3
W 12th St, Panama City, FL 32040 - Image 4
W 12th St, Panama City, FL 32040 - Image 5
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Studio

Lots and Land for sale in Panama City, FL

for $780,000. The lot size is 5.11.

Exceptional development opportunity in Panama City, Florida! This 5.11-acre MU-2 zoned property offers the potential to build up to 51 multifamily units by right, with additional density possible under Florida’s Live Local Act. The site features paved road frontage on W 12th Street, utilities nearby, and close proximity to W 15th Street, the area’s main commercial corridor with shopping, schools, and public transportation. Environmental and geotechnical studies are complete, showing no recognized environmental concerns. Existing natural pond and wetlands delineated for future planning. Please contact the listing agent for full Offering Memorandum, survey, Phase I ESA, and other due diligence files.

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Lots and Land Active

Price

$ 780,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 6,650

Style

Lot Size

5.11

Town/City

Panama City

County/Region

Bay

MLS | Web ID

A11837641
Features
General
Sewer None Other
Utilities None Other Sewer Not Available
Possession Closing & Funding Close Of Escrow
Property Subtype Multi Family
Tax Year 2024
Ownership Corporation
County Bay
Property Type Land
Status Active
City Panama City
Zoning Description MU-2
MLS Area 5940 Florida Other
Lot Size Units Square Feet
Lot Size Square Feet 222592
Listing Terms Cash Conventional Investor Financing
Tax Annual Amount 6650
MLS Area Minor Other Geographic Area (Out Of Area Only)
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11837641
Standard Status Active
Property Sub Type Additional Multi Family
Legal Description 6 4S 14W -11- SE1/4 OF NE1/4 LESS PLATTED PORT.& PCLS ORB 4601 P 546
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Interior
Total Baths 0
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Exterior
Lot Features 5-10 Acres
Water Source Lake Public Other
Lot Size Area 222592
Lot Dimensions 450x495
Lot Size Acres 5.11
Road Surface Type Paved
Waterfront Y/N false
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded Features
List By
United Realty Group Inc

Broker

damaso@MiamiLuxHome.com

Email

Affordability Calculator

$5,420
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,866
Monthly Property Taxes
$554
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/22/2025$780,000 Listed Price

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W 12th St, Panama City, FL, 32040 is a Lots and Land for sale at $780,000 with a lot size of 5.11. W 12th St is a studio with 0.0 baths. The property's zip code is 32040 which is in Panama City, FL

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