#764895, Listing office: Counts Real Estate Group Inc
Property details
About 5505 Shores Rd
PRIME COMMERCIAL OPPORTUNITY-4.18 ACRES ON HIGHWAY 231. Don't miss this rare opportunity to own a highly visible 4.18-acre corner parcel on bustling Highway 231, just north of Highway 390, a key gateway corridor into Lynn Haven, Panama City and Panama City Beach, Florida. Situated just south of the Cherokee Heights Road intersection and minutes from the new Publix shopping center, this property offers unmatched exposure in one of the region's fastest growing areas. With high traffic counts, convenient access, and proximity to established and new residential communities, this site is ideal for a variety of commercial developments- restaurant, medical or professional office space, retail center, or storage units- you name it! Its strategic location captures consistent flow from both locals and tourists traveling to the 'World's Most Beautiful Beaches' via Highway 231, making it a smart investment for businesses seeking high visibility and growth potential. Two parcel numbers are included 05857-013-000 and 05857-137-000.
Highlights
Home typeBusiness
StatusActive
Lot size4.18 Acres
MLS #767026
Summary
- List Price: $1,400,000
- Annual Tax Amount: $883
- Tax Year: 2023
- Directions: AT THE LIGHT, THE INTERSECTION OF HWY 231 AND CHEROKEE LANDING HEADING SOUTH, MAKE YOUR FIRST RIGHT ONTO SHORES ROAD. PROPERTY IS THE TWO PARCELS LOCATED ON THE CORNER OF HWY 231 AND SHORES RD. LOOK FOR SIGN.
- Lot Size: 4.18 Acres
- MLS Number: 767026
- MLS Name: BCAR
- Office Name: Coldwell Banker Realty
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© 2025 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: 7/24/2025, 8:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 31, 2022 | Home Sold | $265,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $104,402 | $883 |
| 2022 | $70,530 | $631 |
| 2021 | $36,542 | $631 |
| 2020 | $36,542 | $439 |
| 2018 | $38,807 | $512 |
| 2017 | $38,807 | $520 |
History based on county public records data.
Nearby schools
4
Tommy Smith Elementary School
Public District PK-5
0.3 mi
•5044 Tommy Smith Dr
9
North Bay Haven Charter Academy Elementary School
Public Charter KG-5
1.7 mi
•1 Buccaneer Dr
4
Deer Point Elementary School
Public District KG-5
1.8 mi
•4800 Highway 2321
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $69,200. The most common annual income of people living in Panama City, FL is between $35k-100k. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
16%
<35k
65%
35k-100k
18%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
23%
Single, No Kids
8%
Single, with Kids
48%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
8%
12-17 yrs old
14%
18-34 yrs old
51%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5505 Shores Rd
The listing price of 5505 Shores Rd property is $1,400,000.
The property 5505 Shores Rd is land located in Panama City, Florida, 32404.
Active Listing: 5505 Shores Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5505 Shores Rd are: Tommy Smith Elementary School (GreatSchools Rating 4/10), North Bay Haven Charter Academy Elementary School (GreatSchools Rating 9/10), Deer Point Elementary School (GreatSchools Rating 4/10), Merritt Brown Middle School (GreatSchools Rating 3/10), North Bay Haven Charter Academy Middle School (GreatSchools Rating 8/10), Bay Haven Charter Middle School (GreatSchools Rating 6/10), North Bay Haven Career Academy (GreatSchools Rating 9/10), A Crawford Mosley High School (GreatSchools Rating 6/10), Rutherford High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $883 (source: MLS/based on county public records data).
The last sale was on October 31, 2022 for $265,000 (source: MLS/tax record).
The property 5505 Shores Rd is 4.18 acres.
This home is located at 5505 Shores Rd in Panama City, FL and zip code 32404. Features: 0 bathroom. It has been listed on Rocket Homes since July 22, 2025 and is currently priced at $1,400,000.
Panama City, FL housing market in June 2025 saw over 26 listings sold above listed price, more than 47 sold at listed price and over 144 sold below. Between May and June 2025, Panama City, FL real estate market has seen decrease in the number of listings by 2.4%. In June 2025, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $330,871.
From Rocket Homes Real Estate and based on county public records data.