Residential Land for Sale in Panama City, Florida
1427 1st St, Panama City, FL 32409
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.
Location
- Street address
- 1427 1st St
- County
- Bay County
- Zip code
- 32409
- Elevation
- 43 feet
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.
Property details
- Lot size
- 0.68 acres29,621 sq ft
- MLS #
- BCAR 792475
- Posted
Property taxes
- 2025
- $211
Parcels
- 08136-050-000
Legal description
SOUTHPORT PLAT 101B2 LOT 8 BLK 6 ORB 4830 P 503
Nearby schools
| Name | Type |
|---|---|
| Southport | Elementary |
| Deane Bozeman | Middle |
| Deane Bozeman | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 31, 2026 | Under contract | $119,000 | — | BCAR |
| Aug 19, 2026 | Price drop | $119,000 | $10,000 -7.8% | BCAR |
| July 30, 2026 | Price drop | $129,000 | $10,000 -7.2% | BCAR |
| July 22, 2026 | Price drop | $139,000 | $10,000 -6.7% | BCAR |
| July 10, 2026 | New listing | $149,000 | — | BCAR |