Prime Investment Opportunity: Vacant Land in Panama City Beach, FL Discover a fantastic opportunity to own a vacant parcel of land in the heart of Panama City Beach, one of Florida's most vibrant and sought-after coastal destinations. This property is just a 10-minute walk to the pristine sandy beaches and a 2-minute drive, making it an ideal location for beach lovers and savvy investors alike. Key Highlights: Unbeatable Location: Nestled in a thriving area of Panama City Beach, surrounded by upscale developments, popular restaurants, shopping centers, and lively attractions. Investment Potential: Perfect for building a vacation rental, a charming beach house to capitalize on the area’s booming tourism market. Coastal Lifestyle: Enjoy easy access to stunning Gulf waters, vibrant nightlife, and renowned spots like Pier Park, a hub for shopping, dining, and entertainment. About the Area: Panama City Beach is famous for its 27 miles of white sand beaches, crystal-clear waters, and a wide range of activities, from fishing and boating to golf and water sports. The area attracts millions of visitors annually, making it a lucrative hotspot for investors seeking high rental demand. The city also boasts family-friendly attractions like St. Andrews State Park and the Gulf World Marine Park, making it a well-rounded destination for visitors of all ages. This vacant land offers the perfect canvas to bring your vision to life in a location that promises value, growth, and endless possibilities. Don’t miss out—this is a rare chance to own a slice of paradise in Panama City Beach
Property Details
Property Features
Listing Office:
Office Name: Sellstate Achievers Realty
Office Phone: (239) 985-0777
Listing Agent: Arturo Sanchez Caram
Exterior Features
Exterior Information:
Waterfront: None
Lot Features
Lot Information:
Lot: Other
Lot Size: 0.13 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $230,000
Tax Information:
Annual Amount: $690
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 Beach, FL.
This property is $224.5K less than the Median Sold Price in Panama City Beach, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: SWFL
MLS Number: #224095598
Listing Office:
Office Name: Sellstate Achievers Realty
Office Phone: (239) 985-0777
Listing Agent: Arturo Sanchez Caram
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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 has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/4/2024, 3:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$690
$63,000
2018
$524
$41,911
2017
$463
$36,720
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,215
Per Month
Principal & Interest
$1,148
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
$756
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
7
/10
West Bay Elementary School
14813 School Dr
Distance between this listing and this school5.44 miles
Public District Grades KG-5
5
/10
Hutchison Beach Elementary School
12900 Hutchison Blvd
Distance between this listing and this school7.13 miles
Public District Grades KG-5
7
/10
Patronis Elementary School
7400 Patronis Dr
Distance between this listing and this school11.92 miles
Public District Grades KG-5
Nearby Schools
6
/10
Surfside Middle School
300 Nautilus St
Distance between this listing and this school6.03 miles
Public District Grades 6-8
7
/10
Breakfast Point Academy
601 N Richard Jackson Blvd
Distance between this listing and this school8.58 miles
Public District Grades KG-8
6
/10
Emerald Coast Middle School
4019 US Highway 98 E
Distance between this listing and this school12.74 miles
Public District Grades 6-8
Nearby Schools
5
/10
J.R. Arnold High School
550 N Alf Coleman Rd
Distance between this listing and this school8.26 miles
Public District Grades 9-12
10
/10
Seaside Neighborhood School
10 Smolian Cir
Distance between this listing and this school12.77 miles
Public Charter Grades 5-12
7
/10
Rising Leaders Academy
1527 Lincoln Ave
Distance between this listing and this school15.72 miles
The neighbors living near this home have an average income of $59,286. Residents of Panama City Beach, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 342 Palm Dr
What is the listing price of this property?
The listing price of 342 Palm Dr property is $230,000.
What type of property is this?
The property 342 Palm Dr is land located in Panama City Beach, Florida, 32413.
Is this property for sale now?
Active Listing: 342 Palm Dr 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 $690 (source: MLS/based on county public records data).
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 342 Palm Dr in Panama City Beach, FL and zip code 32413 in the Crestview Heights neighborhood. This home sits on a 0.13 acre lot. It has been listed on Rocket Homes since November 24, 2024 and is currently priced at $230,000.
In November 2024 more than 8 listings in Panama City Beach, FL were sold above the asking price. During the same period more than 25 listings were sold at asking price, while more than 90 were sold below. In November 2024 in Panama City Beach, FL there were 1% more homes for sale than in October 2024. Listings spent 104 days on the market in November 2024, and had a median list price of $454,516 during the same period.
From Rocket Homes Real Estate and based on county public records data.