W 12th St, Panama City, FL 320401

Panama City
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
W 12th St,Panama City, FL 320401
$780,000
Virtual Tour
  • 5.11 Acres
  • Lots / Land
  • Active
Listed by: damaso medina
Office: united realty group inc954-450-2000
MLS#:A11989551
Source:SEFMLS

Price summary

  • Price:$780,000

About this home

Prime development opportunity in Panama City. This parcel allows for residential development with current zoning supporting up to 10 units per acre, with a maximum potential of approximately 51 units (subject to buyer’s verification). Additionally, the property may qualify for increased density under Florida’s Live Local Act, which can allow for significantly higher density when developing qualifying affordable or workforce housing projects, subject to local approvals and compliance requirements. The site may also be eligible for incentives under the Low-Income Housing Tax Credit (LIHTC) program, offering potential tax advantages for developers. Strategically located near key roads, employment centers, and growing residential demand, this property presents a compelling opportunity for builders and investors. Buyer to verify zoning, density, utilities, and eligibility for all incentives.

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Home facts

  • Listing ID #:A11989551
  • Updated:June 29, 2026 at 09:55 AM

Structure and exterior

  • Lot area:5.11 Acres

Utilities

  • Water:Lake, Public

Finances and disclosures

  • Price:$780,000
  • Tax amount:$6,650 (2025)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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