ActiveIncome/MultiFamily
W 12th St, Panama City FL 320401
Panama City, FL 320401 · MLS #A11989551The residence
About this property
Prime development opportunity in Panama City. This parcel allows for residential development with current zoning supporting up to 10 units per acre, with a maximum potential of approximately 51 units (subject to buyer’s verification). Additionally, the property may qualify for increased density under Florida’s Live Local Act, which can allow for significantly higher density when developing qualifying affordable or workforce housing projects, subject to local approvals and compliance requirements. The site may also be eligible for incentives under the Low-Income Housing Tax Credit (LIHTC) program, offering potential tax advantages for developers. Strategically located near key roads, employment centers, and growing residential demand, this property presents a compelling opportunity for builders and investors. Buyer to verify zoning, density, utilities, and eligibility for all incentives.
At a glance
Property details
- Property type
- Income/MultiFamily
- Listing type
- For sale
- Status
- Active
- Lot size
- 222,592 sq. ft.
- County
- Bay County
- Days on market
- 217
- Original list price
- $780,000
- Listing date
- March 25, 2026
- MLS record updated
- October 28, 2026
- Annual property tax
- $6,650 (2025)
- Listing agent
- Damaso Medina
- Listing office
- United Realty Group Inc
- MLS number
- A11989551
Neighborhood & location
Explore Panama City
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
School assignments were not supplied with this MLS record. Use the local district locator to verify schools serving this address.
School boundaries, programs, ratings, and assignments can change. Confirm directly with the applicable school district.Plan your purchase
Mortgage calculator
- Principal & interest
- $3,944
- Property taxes
- $554
- Homeowners insurance
- $390
- Estimated total
- $4,888
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
Listing courtesy of United Realty Group Inc, 954-450-2000.
Data provided by MIAMI Association of REALTORS®. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.