Discover an exceptional opportunity to own a prime piece of real estate in the thriving community of Callaway, Florida. Located on Boat Race Road, this expansive parcel of land offers a perfect canvas for commercial, or mixed-use development. With its strategic location close to Tyndall Air Force base, generous size, and unparalleled potential, this property is ideal for investors, developers, and visionaries looking to make their mark in a dynamic and growing region.
Property Details
Property Features
Listing Office:
Office Name: ERA Neubauer Real Estate Inc
Lot Features
Lot Information:
Lot Size: 0.40 Acres
Other
Directions Information:
Directions: Traveling east from Panama City on Hwy 98, turn right on Boa Race rd. lot located on right.
Price Information
Listing Price Info
Price Summary:
List Price: $69,000
Tax Information:
Annual Amount: $560
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.
$412
Per Month
Principal & Interest
$345
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
$273
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
Parker Elementary School
640 S Highway 22 A
Distance between this listing and this school0.46 miles
Public District Grades PK-5
3
/10
Callaway Elementary School
7115 E Highway 22
Distance between this listing and this school2.20 miles
Public District Grades KG-5
1
/10
Merriam Cherry Street Elementary School
1125 Cherry St
Distance between this listing and this school3.20 miles
Public District Grades PK-5
Nearby Schools
8
/10
Tyndall Academy
7800 Tyndall Pkwy
Distance between this listing and this school3.41 miles
Public District Grades PK-8
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school5.08 miles
Public District Grades 6-8
7
/10
Bay Haven Charter Middle School
2501 Hawks Landing Blvd
Distance between this listing and this school6.01 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
Rutherford High School
1000 School Ave
Distance between this listing and this school2.74 miles
Public District Grades 6-12
1
/10
Rosenwald High School
924 Bay Ave
Distance between this listing and this school3.64 miles
Public District Grades 6-12
4
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school4.70 miles
The neighbors living near this home have an average income of $39,500. Residents of Panama City, FL typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5209 Boat Race Rd
What is the listing price of this property?
The listing price of 5209 Boat Race Rd property is $69,000.
What type of property is this?
The property 5209 Boat Race Rd is land located in Panama City, Florida, 32404.
Is this property for sale now?
Active Listing: 5209 Boat Race Rd 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 $560 (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 5209 Boat Race Rd in Panama City, FL and zip code 32404. This home sits on a 0.40 acre lot. It has been listed on Rocket Homes since May 31, 2024 and is currently priced at $69,000.
In November 2024, from all listings sold in Panama City, FL there were more than 13 sold above asking price, over 120 sold below and more than 33 were sold right at the asked price. In November 2024 in Panama City, FL there were 3.9% less homes for sale than in October 2024. Listings spent 79 days on the market in November 2024, and had a median list price of $339,223 during the same period.
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
Extreme Sports
Stein Mart
Family Dollar
Sam's Club
LongHorn Steakhouse
White Castle
Church's Chicken
Buick
Chevrolet
Oldsmobile
Contemporary Inspirational
Rock
Adult Hits