Prime opportunity awaits with this vacant land zoned C1, allowing for the construction of a stunning 3-story duplex. Just steps away from beach access and schooners, this cleared lot in unincorporated Bay County offers the perfect canvas for your vision. Water, sewer, and gas are readily available, alongside a survey and builder plans, making this 50x110 lot a developer's dream. Located in flood zone X. The seller will not sell this lot separately; it must be purchased with 5233 Thomas Drive.
Property Details
Property Features
Listing Office:
Office Name: Seltzer Real Estate, LLC
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 0.13 Acres
Other
Directions Information:
Directions: Traveling West on Thomas Drive, lot will be on your right hand side.
Price Information
Listing Price Info
Price Summary:
List Price: $449,500
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,311
Per Month
Principal & Interest
$2,244
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
$1,414
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
7
/10
Patronis Elementary School
7400 Patronis Dr
Distance between this listing and this school2.01 miles
Public District Grades KG-5
3
/10
Lucille Moore Elementary School
1900 Michigan Ave
Distance between this listing and this school4.01 miles
Public District Grades PK-5
1
/10
St. Andrew School at Oakland Terrace
2010 W 12th St
Distance between this listing and this school4.27 miles
Public District Grades PK-5
Nearby Schools
7
/10
Breakfast Point Academy
601 N Richard Jackson Blvd
Distance between this listing and this school5.25 miles
Public District Grades KG-8
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school5.48 miles
Public District Grades 6-8
10
/10
University Academy Sabl Inc
1980 Discovery Loop
Distance between this listing and this school6.21 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Rising Leaders Academy
1527 Lincoln Ave
Distance between this listing and this school4.45 miles
Public Charter Grades KG-12
7
/10
Bay Virtual Franchise
1515 June Ave
Distance between this listing and this school5.10 miles
Public District Grades KG-12
1
/10
Central High School
1250 W 17th St
Distance between this listing and this school5.11 miles
The neighbors living near this home have an average income of $41,776. Typical income of Panama City, FL residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5229 Thomas Dr
What is the listing price of this property?
The listing price of 5229 Thomas Dr property is $449,500.
What type of property is this?
The property 5229 Thomas Dr is land located in Panama City, Florida, 32408.
Is this property for sale now?
Active Listing: 5229 Thomas Dr is For Sale (Active/New) which means the seller is accepting offers.
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 5229 Thomas Dr in Panama City, FL and zip code 32408 in the Gulf Lagoon Beach neighborhood. This home sits on a 0.13 acre lot. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $449,500.
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. In November 2024 in Panama City, FL there were 3.9% less homes for sale than in October 2024. While the average time on the market in November 2024 was 79 days, the median list price was $339,223.
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.
Figure Skating
Figure Skating
Pro Wrestling
College Football
Kmart
Family Dollar
Express/Express For Men
Bob Evans
Dominos Pizza
Sonic
Buick
Ford
Kia
Oldies
New Country
News/Talk/Information