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4508 Magnolia Beach Rd Panama City, FL 32408
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Key Details
Sold Price $446,250
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
MLS Listing ID A11437200
Sold Date 11/15/23
HOA Y/N No
Annual Tax Amount $2,693
Tax Year 2022
Contingent 3rd Party Approval
Lot Size 2.111 Acres
Acres 2.111
Lot Dimensions 418x220
Property Sub-Type Residential
Property Description
Auction Sale: Starting Bid of $75,000. Mark your calendar for September 11 through the 13th, 2023, as the property will be auctioned live online. This expansive parcel, spanning 2.11 acres, presents a rare chance for savvy investors to capitalize on the booming housing market in the area.
The property is zoned R-1, allowing for the construction of up to 8 detached single-family homes per acre. With this generous zoning allowance, you have the potential to build an impressive total of 16 lots and homes.
The property boasts an enviable location, with road frontage on both Magnolia Beach Road and Bear Point Road. This dual access not only provides convenience but also enhances the development's visibility, making it an appealing prospect for potential homeowners and tenants alike.
Location
State FL
County Bay County
Area 5940 Florida Other
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Street Surface Paved
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 31235-010-000
Financing Cash
Special Listing Condition Auction
Read Less
Bought with Moecker Realty, Inc.