$780,000

W 12th, FL, 320401

Price per sqft$3.50

Lot size5.11 Acres

Property typeLand

Courtesy of Damaso Medina with United Realty Group Inc

Overview

Active

Listed Mar 25, 2026

Updated Sep 5

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.

Additional information

MLS^® ID: A11989551

Exterior Features

Lot Size: 5.11 Acres

Other Property Details

Taxes: $6,650
Tax Frequency: Annually

Courtesy of United Realty Group Inc, Damaso Medina,
Listing Contact: 305-776-3951

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 9/5/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 5:15 AM UTC, 9/5/2026