Location: The parcel is situated on 23rd Street, with 400 feet of frontage on 23rd Street and an additional 230 feet on Frankford Ave.Traffic: The area experiences significant traffic, with a traffic count ranging from approximately 26,000 to 29,000 vehicles per day on 23rd Street and about 5,000 vehicles per day between 23rd Street and Hwy 390 on Frankford Ave.Utilities: Utilities are readily available to the site, making it suitable for development.Zoning: The frontage is currently zoned for general commercial use, while a portion of the interior is zoned residential. There's potential for annexation into the City of Panama City jurisdiction.Proximity to Landmarks: The parcel is conveniently located near various landmarks, including:3.4 miles to Panama City Beach2.2 miles to Gulf Coast Regional Medical Center4 miles to City Marina-Downtown2.3 miles to St. Andrews Marina1.9 miles to Gulf Coast College and Florida State University Panama Campus.Nearby Businesses: Major businesses in the vicinity include Sam's Club, Bill Cramer Chevrolet, Buick, GMC, and CEFCO oil.
Property Details
Property Features
Listing Office:
Office Name: ERA Neubauer Real Estate Inc
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 6.24 Acres
Other
Directions Information:
Directions: Located in the Northwest Corner of Frankford Ave and W 23rd Street directly accross from Cramer Chevrolet, GMC, Buick, Cadillac Dealership.
Price Information
Listing Price Info
Price Summary:
List Price: $3,900,000
Tax Information:
Annual Amount: $33,240
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Panama City, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.5K
Per Month
Principal & Interest
$19.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Lucille Moore Elementary School
1900 Michigan Ave
Distance between this listing and this school0.82 miles
Public District Grades PK-5
4
/10
Northside Elementary School
2001 Northside Dr
Distance between this listing and this school1.09 miles
Public District Grades PK-5
1
/10
St. Andrew School at Oakland Terrace
2010 W 12th St
Distance between this listing and this school1.31 miles
Public District Grades PK-5
Nearby Schools
10
/10
University Academy Sabl Inc
1980 Discovery Loop
Distance between this listing and this school1.45 miles
Public Charter Grades KG-8
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school2.15 miles
Public District Grades 6-8
4
/10
Mowat Middle School
1903 W Highway 390
Distance between this listing and this school3.56 miles
Public District Grades 6-8
Nearby Schools
7
/10
Rising Leaders Academy
1527 Lincoln Ave
Distance between this listing and this school0.91 miles
Public Charter Grades KG-12
1
/10
Central High School
1250 W 17th St
Distance between this listing and this school1.10 miles
Public Charter Grades 9-12
7
/10
Bay Virtual Franchise
1515 June Ave
Distance between this listing and this school1.34 miles
The neighbors living near this home have an average income of $40,266. Residents of Panama City, FL typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2251 W 23rd St
What is the listing price of this property?
The listing price of 2251 W 23rd St property is $3,900,000.
What type of property is this?
The property 2251 W 23rd St is land located in Panama City, Florida, 32405.
Is this property for sale now?
Active Listing: 2251 W 23rd St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $33,240 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 30, 1997 for $794,500. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2251 W 23rd St in Panama City, FL and zip code 32405. This home sits on a 6.24 acre lot. It has been listed on Rocket Homes since May 04, 2024 and is currently priced at $3,900,000.
Panama City, FL housing market in November 2024 saw over 13 listings sold above listed price, more than 33 sold at listed price and over 120 sold below. The inventory of homes for sale in Panama City, FL between October 2024 and November 2024 decreased by 3.9%. In November 2024 median list price was $339,223 and the average listing age was 79 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Horse Races
Horse Races
Pro Boxing
NHRA Drag Racing
Stein Mart
Family Dollar
Big Lots
LongHorn Steakhouse
White Castle
Golden Corral
Buick
Chevrolet
Kia
Contemporary Inspirational
Rock
Adult Standards