509 N JAMES AVENUE, PANAMA CITY, FL, 32401
Active715 days on marketListed Aug 28, 2024MLS #O6230003
About this home
509 N JAMES AVENUE
Affordable opportunity to acquire a 0.15-acre vacant lot at 509 N James Avenue, Panama City, FL 32401. "Zoning: GC 1" This compact parcel is ideal for a retreat or holding as a future investment. Located in a quiet neighborhood with convenient access to local amenities, schools, and major roadways, the property offers flexibility and strong long-term potential. Perfect for first-time buyers, investors, or builders seeking an easily developable estate in Panama City.. Pin Location: Latitude 30.15749554, Longitude -85.62438168. Note: buyers I emphasize the importance of conducting thorough due diligence to ensure that the property meets your expectations and requirements.
Facts & features
The home at a glance
0.15 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$571 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$571/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Millville Sherman Addition
Get to know Panama City. See the full Panama City guide →
Millville Sherman Addition — neighborhood snapshot
Population
30
Median age
35
Median income
$44,844
Median home value
$182,900
Avg household
2
Households w/ children
6%
For the school run
Bay County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Panama City market
$250K → $54K
Panama City median sold, yr/yr
90.7%
Sale-to-list ratio (12 mo)
Median sold price, Panama City, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 33% below the PANAMA CITY 32401 median. See the full Panama City market guide →
Paper trail
This home's history
Reality check
What actually sold near 509 N JAMES AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$54,000
1008 CYPRESS AVENUE
2 bd · 1 ba · 1,798 sqft · $30/sqft · 28 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Krystina Allen
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 509 N JAMES AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 509 N JAMES AVENUE — before you fall in love.
See it in person
Schedule a tour
Live availability from Krystina's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
509 N JAMES AVENUE FAQs
What would the monthly payment be for 509 N JAMES AVENUE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $571/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 509 N JAMES AVENUE?+
The most recent tax bill on record (2023) was $524. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Panama City?+
At $58,000, this home is listed about 78% below the Panama City median of $264,999. The market section on this page shows how the area is trending.
Which schools are assigned to 509 N JAMES AVENUE?+
Rutherford High School (high) — Bay County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of KELLY RIGHT REAL ESTATE · Samih Sadiq. MLS #O6230003.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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