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7909 Madison Ave, Southport, FL, 32409

$175,000

8.00 Acres
Land

Location

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Property Highlights

Home TypeResidential
MLS #764531
Lot Size8.00 Acres
StatusActive

About 7909 Madison Ave

INVESTOR OPPORTUNITY!!! Land development investment opportunity in one of the fastest growing locations in the Panhandle! SELLER WILL CONSIDER OWNER FINANCING!!! Explore the potential of 8 acres of land in one of the fastest growing areas of the Panhandle. As per Panhandle Engineering study, the property could accommodate 15 homes which makes this an outstanding investment opportunity!There is a 3-bedroom house, barn, and pasture, on the property considered to be of no value. However, the true value lies in the land itself and its strategic location. Given the expected growth in West Bay and its surroundings, this property offers an appealing investment prospect, especially for developers. With the current zoning allowing for R-1 and R-2 use, there is significant building potential just a quick 20-minute drive to the Airport, 30 minutes to the Beaches, and roughly 15 minutes to Panama City. This is an opportunity not to be missed!

Property Details

Property Features

Listing Office:

  • Office Name: Chipola Realty, Chipley Office

Lot Features

Lot Information:

  • Lot Size: 8.00 Acres

Other

Directions Information:

  • Directions: Traveling N on Hwy 77 from Lynn Haven, Turn left on Liberty Ave, Turn right on 1st Avenue. Continue on to turn right on Madison Avenue (the right turn onto Madison does not have a street sign, only a Dead End sign but ''Madison Ave'' sign will be shown on left hand turn) Turn right on Madison Ave, property will be at the end of Madison Ave on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000

Tax Information:

  • Annual Amount: $2,969
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Southport, FL.

Med. Sold Price

$439.4K

Med. Price/SqFt

$225

Avg. Days On Market

102

# of Sold Homes

19

7909 Madison Ave vs Southport

50 DAYS ON ROCKET

-52 Days

$175,000

-$264.4K Less

KEY TAKEAWAY

This property is $264.4K less than the Median Sold Price in Southport, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #764531

Listing Office:

  • Office Name: Chipola Realty, Chipley Office

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: 12/21/2024, 11:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 12, 2005Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,969$243,746
2018$2,931$237,570
2017$2,989$237,952

History based on county public records data.

Payment Calculator

$941

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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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-811986
7
/10
  • Southport Elementary School

  • 1835 Bridge St

  • 0.71 miles

  • Public District Grades PK-5

school-card-donut-811987
4
/10
  • Lynn Haven Elementary School

  • 301 W 9th St

  • 3.36 miles

  • Public District Grades PK-5

school-card-donut-811988
4
/10
  • Deer Point Elementary School

  • 4800 Highway 2321

  • 4.34 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,980. Residents of Southport, FL typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7909 Madison Ave

What is the listing price of this property?

The listing price of 7909 Madison Ave property is $175,000.

What type of property is this?

The property 7909 Madison Ave is land located in Southport, Florida, 32409.

Is this property for sale now?

Active Listing: 7909 Madison Ave 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 $2,969 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 12, 2005 for $300,000. (source: MLS/tax record).

How much acreage is this property?

The property 7909 Madison Ave is 8.00 acres.
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Rocket HomesFloridaBay CountySouthport324097909 Madison Ave

This home is located at 7909 Madison Ave in Southport, FL and zip code 32409. This home sits on a 8.00 acre lot. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $175,000.

While more than 1 listings in Southport, FL in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 14 were sold below. In November 2024, listings were on the market for 102 days. During the same period, the median list price in this real estate market was $439,450.

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

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