4 months on rocket

508 Emerald Coast Dr, Panama City, FL, 32404

$177,500

0.25 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeResidential
WaterfrontBayou, Waterfront
ViewBayou
MLS #760461
Lot Size0.25 Acres
StatusActive

About 508 Emerald Coast Dr

Seller is offering $4,000 toward Buyer's Closing Costs! Welcome to Emerald Coast Yacht Club community that offers the ultimate boater's paradise! This west facing(gorgeous sunsets!) cleared, construction ready (flood zone X) waterfront property with deep water gulf access ( to give an idea - neighbors got 40ft aft cabin cruiser) is PERFECT for fishing adventures by day, and sunset cruises in the evenings. There is a conveniently located public boat ramp and park situated directly across the expansive bayou offering boat access and ample playground activities for the family. This exclusive development features a charming brick paver entrance that makes the block stand out, and is a premier location located conveniently close to shopping, dining, Tyndall AFB, and pristine beaches. There is no expensive/ restrictive HOA; however, homeowners adhere to simple rules to ensure the subdivision remains exceptional! With only 3 vacant parcels remaining, this is the only waterfront lot available for purchase. Combined with relaxed building restrictions, this opportunity won't stay available for long! As an added value, when the original HOA covenants/restrictions expired, waterfront property owners were afforded the opportunity to annex the waterfront 'common' properties, adding useful building and storage space.With continuously improving infrastructure in Bay County, waterfront properties become more and more desirable and there are only a hand full of gulf access lots available for purchase overall!

Property Details

Property Features

Listing Office:

  • Office Name: Top Producers Real Estate Ctr

Exterior Features

Exterior Information:

  • Waterfront: Bayou, Waterfront
  • View: Bayou

Lot Features

Lot Information:

  • Lot: Cleared, Waterfront
  • Lot Size: 0.25 Acres

Other

Directions Information:

  • Directions: Turn right onto to state highway 719/N Star Ave. Turn Right onto Hiawatha St. Turn left into Emerald coast yacht club. Property on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $177,500

Tax Information:

  • Annual Amount: $837
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

508 Emerald Coast Dr vs Panama City

120 DAYS ON ROCKET

+43 Days

$177,500

-$161.9K Less

KEY TAKEAWAY

This property is $161.9K less than the Median Sold Price in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #760461

Listing Office:

  • Office Name: Top Producers Real Estate Ctr

IDX 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$837$71,550
2018$750$61,697
2017$765$61,697

History based on county public records data.

Payment Calculator

$953

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$599

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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.

Nearby Schools

school-card-donut-614576
3
/10
  • Callaway Elementary School

  • 7115 E Highway 22

  • 1.14 miles

  • Public District Grades KG-5

school-card-donut-614577
3
/10
  • Parker Elementary School

  • 640 S Highway 22 A

  • 2.03 miles

  • Public District Grades PK-5

school-card-donut-614578
1
/10
  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 4.20 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,042. Typical income of Panama City, FL residents is between $35k-100k annually. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 Emerald Coast Dr

What is the listing price of this property?

The listing price of 508 Emerald Coast Dr property is $177,500.

What type of property is this?

The property 508 Emerald Coast Dr is land located in Panama City, Florida, 32404.

Is this property for sale now?

Active Listing: 508 Emerald Coast 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 $837 (source: MLS/based on county public records data).

How much acreage is this property?

The property 508 Emerald Coast Dr is 0.25 acres.
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Rocket HomesFloridaBay CountyPanama City32404508 Emerald Coast Dr

This home is located at 508 Emerald Coast Dr in Panama City, FL and zip code 32404 in the Emerald Coast Yacht Club neighborhood. This home sits on a 0.25 acre lot. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $177,500.

In October 2024 more than 16 listings in Panama City, FL were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 138 were sold below. In October 2024 in Panama City, FL there were 1.7% less homes for sale than in September 2024. Listings spent 77 days on the market in October 2024, and had a median list price of $339,477 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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