537 E 5th Ct, Panama City, FL 32401
Property image
Property image
OFF MARKET

$232,000

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 924 sqft (on 0.32 acres)

537 E 5th Ct, Panama City, FL 32401

Est. Refi. Payment $1,547/mo*
Refinance Your Home
Currently Off Market - Sold Nov 30, 2023 for $210,000

Home Value

Trulia Estimate
$232K
Since last month
Increased$3K (+1.5%)
Since last year
Increased$10K (+4.4%)
Since last sale
Increased$22K (+10.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +318% in the last 10 years
MonthEstimated value
2026
August 2026$232K
August 2026$231K
July 2026$229K
June 2026$238K
May 2026$242K
April 2026$231K
March 2026$227K
February 2026$229K
January 2026$222K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
524 E 4th Ct, Panama City, FL
0.18
Single-Family Home
$276,000
03/20/26
3
1
912
321 N Macarthur Ave, Panama City, FL
0.43
Single-Family Home
$215,000
11/18/25
2
1
1,170
625 3rd St, Panama City, FL
0.48
Single-Family Home
$150,000
03/10/26
2
1
875
518 E 4th Ct, Panama City, FL
0.20
Single-Family Home
$245,000
10/28/25
2
1.5
1,184
908 Cone Ave, Panama City, FL
0.52
Single-Family Home
$115,000
06/19/26
3
1
988
243 Allen Ave, Panama City, FL
0.52
Single-Family Home
$235,000
12/31/25
3
1
1,015
530 E 7th Ct, Panama City, FL
0.22
Single-Family Home
$120,000
10/22/25
3
1
1,004
323 N Palo Alto Ave, Panama City, FL
0.45
Single-Family Home
$215,000
08/17/26
2
2.5
1,080

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
527 E 5th St, Panama City, FL 32401
0.09
$216,000
2
1
986
Off Market
525 E 5th St, Panama City, FL 32401
0.10
$234,500
3
2
1,487
Off Market
546 5th St E, Panama City, FL 32401
0.10
$201,800
2
1
1,036
Off Market
522 E 5th St, Panama City, FL 32401
0.13
$232,800
3
1
1,170
Off Market
608 Massalina Dr, Panama City, FL 32401
0.10
$252,100
5
2
1,414
Off Market
504 Massalina Dr, Panama City, FL 32401
0.13
-
-
-
-
Off Market
507 Massalina Dr, Panama City, FL 32401
0.14
$125,000
-
-
-
For Sale
610 E 5th St, Panama City, FL 32401
0.11
$138,400
1
1
704
Off Market
606 E 5th St, Panama City, FL 32401
0.14
$355,900
3
2
2,120
Off Market
519-531 E 6th St, Panama City, FL 32401
0.15
$1,600,000
-
-
-
For Sale
619 E 4th Ct, Panama City, FL 32401
0.15
$343,800
3
2
1,510
Off Market

Local Information

  • Map ViewExplore the area around 537 E 5th Ct.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1925
0.32 acre lot
924 sqft
$251/sqft

About this House

Currently under contract, seller considering back up offers. This is truly a rare find! ZONED COMMERCIAL and a completely remodeled 1925 home that sits on .32 acres in Downtown Panama City/Cove area! This oversized corner lot with 111' frontage on Business Hwy 98 has so much potential.

Previously used as a residential rental, this property is zoned commercial and can be used for a business or office or continue as a residential property. This would be ideal for a business that needs office space but also needs secured storage for work vehicles, equipment, etc. on site! The privacy fence offers a gate on Hamilton Avenue with access. The privacy fence on the property is not indicative of the property lines so there's much more potential for enclosed fence space. Just blocks from Harrison Avenue and Ascension Sacred Heart, this property is in a Prime Location!

The home is a beautiful 2 bedroom, 1 bath offering a modern boho vibe with new plumbing, electrical, HVAC, windows, exterior doors, roof, insulation, sheetrock and a 100+ year old clawfoot tub that was restored. The concept for the remodel was carefully thought through and planned out to keep the original character intact but with new modern finishes and fixtures.

This would also make for a great rental property to add to anyone's current investment portfolio with its close proximity to all that historical downtown Panama City has to offer. Traveling nurses, visitors downtown, etc. The AIRBNB potential is endless! Or long term rent for stability in your investment.

Don't miss this opportunity to purchase a COMMERCIAL property in Downtown Panama City where business is booming!
537 E 5th Ct, Panama City, FL 32401 is a 2 bedroom, 1 bathroom, 924 sqft single-family home built in 1925. It last sold for $210,000 on Nov 30, 2023 (16% below the $249,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $232,000, with a rent estimate of $1,805/month.
Last check for updates: about 23 hours ago
Listed by Sostheim Group, (850) 814-4560
Corcoran Reverie
Bought with: Sostheim Group, (850) 814-4560, Corcoran Reverie
Originating MLS: Central Panhandle Association of REALTORS
Source: CPAR, MLS#748402

Home Details for 537 E 5th Ct

Interior Features

Interior Details
Number of Rooms: 2Types of Rooms: Bedroom
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Appliances & Utilities
Utilities: Electricity Available, Water ConnectedAppliances: Electric Range, Electric Water Heater
Heating & Cooling
Heating: Central,ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Central
Gas & Electric
Has Electric on Property
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: One

Exterior Features

Exterior Home Features
Roof: ShingleFencing: Fenced, Partial
Parking & Garage
No GarageNo Attached GarageParking: Additional Parking,Gated
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 7

Property Information

Year Built
Year Built: 1925
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Asbestos
Property Information
Parcel Number: 20445000000

Price & Status

Price
List Price: $249,000
Status Change & Dates
Off Market Date: Thu Nov 02 2023

Active Status

MLS Status: Closed

Location

Direction & Address
City: Panama CityCommunity: Sudduths 1st Add
School Information
Elementary School: Cherry StreetJr High / Middle School: JinksHigh School: Bay

Building

Building Area
Building Area: 924 Square Feet

Community

Community Features: Short Term Rental Allowed

HOA

Association for this Listing: Central Panhandle Association of REALTORSNo HOA

Lot Information

Lot Area: 0.32 acres

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Rental Terms, Policies & Fees

Are Units Furnished: None

Miscellaneous

Mls Number: 748402Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-12005-N-20445000000-R-N

Additional Information

Short Term Rental Allowed

Price and Tax history

DateEventPrice
Nov 30, 2023
Source: CPAR #748402
Sold
$210,000
Nov 4, 2023
Source: CPAR #748402
Contingent
$249,000
Oct 26, 2023
Source: CPAR #748402
Listed For Sale
$249,000
Mar 20, 2023
Source: ECAOR #916555
Sold
$250,000
Feb 16, 2023
Source: ECAOR #916555
Pending
$272,000

Market trends in Panama City

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$292K
$3.3KMoM
Sale-to-List Price
97.2%
0.2%MoM
Price per sq ft
$182
$1MoM
Available listings
449
7MoM

Around this home

What Locals Say about Panama City

At least 485 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 82 % Say parking is easy

  • 81 % Say it's dog friendly

  • 80 % Say yards are well-kept

  • 75 % Say there's holiday spirit

  • 67 % Say kids play outside

  • 64 % Say it's quiet

  • 61 % Say people would walk alone at night

  • 52 % Say they plan to stay for at least 5 years

  • 51 % Say neighbors are friendly

  • 46 % Say there are sidewalks

  • 45 % Say streets are well-lit

  • 38 % Say there's wildlife

  • 37 % Say it's walkable to restaurants

  • 37 % Say it's walkable to grocery stores

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Aaliyah Beam
    "A lot of people let their dogs free roam around which can be bothersome. They will come into your yard if they want and if you have a reactive dog it can cause a lot of problems"
    2
    Flag
  • Kelliej1313
    "Annual gatherings & parades.everybody meets up for potlucks, holiday gatherings and golf cart parades. We are very close to downtown where there are often festivals and markets. There are also events for the children at Halloween."
    2
    Flag
  • Nino Maruashvili
    "It's very safe and friendly neighborhood. In college station community you can see kids walking and playing around like in our childhood. I love everything about it. It has easy access to grocery stores and shopping. "
    1
    Flag
  • Emili Turnage
    "i live in st andrews & i love it here! the area is super fun, super safe, & there is always something interesting going on. we're also very close to the water & downtown! "
    1
    Flag
  • Dana Dubose
    "Fun beach time in our backyard is our best attribute, we have sunset celebrations ceremonies every evening in the summers."
    3
    Flag
  • Albertcross37
    "My commute in and around my neighborhood is exceptional. There are no barriers or obstacles that prevents a smooth commute"
    2
    Flag
  • Trulia User
    "Traffic is too fast and dangerous it’s not safe area for children to play they drive too fast and everybody is looking at cellphones "
    2
    Flag
  • Trulia User
    "we have a rap party a couple times a month at the end of the street. block parties every other weekend "
    1
    Flag
  • Trulia User
    "dogs roaming free and never maintained. cars speeding down the roads loud noises. unruly kids the kids can be mean to animals "
    1
    Flag
  • Trulia User
    "It’s known to have high rates of crime. The schools located in this neighborhood have extreme violence. "
    2
    Flag
  • Trulia User
    "I see people walking dogs all the time and they are all very well trained dogs.Makes it nice to see them so wl behaved. "
    0
    Flag
  • Trulia User
    "Everyone pitches is when there’s a need. Holidays are always special with Easter egg hunts or Christmas progressive diners. A real sense of community. "
    1
    Flag
  • Michael A
    "Dogs seem welcomed and most people have at least one dog. The only problem I have is with people walking their dog from outside the immediate area, across the road into a different neighborhood and coming over to the area around me and not picking up behind them "
    0
    Flag
  • Kiara G.
    "To many strays running lose and some people don’t clean up behind their dogs at all i live in magnolia pointe "
    0
    Flag
  • Susan L.
    "People walk their dogs here. It's safe to to so, even at night. I've never seen dogs running loose. "
    1
    Flag
  • George B.
    "I've lived here 32 years and love it. Beach is gorgeous and in town has a nice charm.Good community "
    0
    Flag
  • Jennifer N.
    "In this neighborhood I don’t see many dog walkers because they all have a yard for their dogs so not many have to walk their dogs. When I do see a person walking their dog in this neighborhood they are friendly and always walk their dogs on a leash in this neighborhood. "
    0
    Flag
  • Kristi W.
    " several other dogs in the neighborhood, all well trained, and maintained by their owners "
    0
    Flag
  • Margarita C.
    "Best place to live, friendly and the safest place I've ever lived in and or visited. love driving through and seeing how clean the areas are from gas stations to parks, it is absolutely beautiful . The beaches are amazing, we truly love fishing from the pier and afterwards enjoying a delicious and affordable dinner along the beaches many wonderful restarunts. "
    0
    Flag
  • Lmas0602
    "great place to raise children. Schools are wonderful. Teachers really care about the students and ensure they are learning"
    0
    Flag
  • Laderriabyrden
    "It is a quiet family friendly environment that is neatly kept for the most part. The only issues I have had is people stealing from cars where doors are unlocked, but this can happen anywhere."
    0
    Flag
  • Mary F.
    "Even dough this is a pretty safe neighborhood I would say please keep an eye on there kids since the storm you never know what can happen."
    0
    Flag
  • Tim G.
    "Lived here for 11 years now and went through Hurricane Michael. Convenient to downtown and St. Andrews. Local restaurants and beach attractions. "
    0
    Flag
  • Pamelia1966
    "Neighbors are very friendly and they watch out for each other. Nothing is too far from the neighborhood "
    6
    Flag
  • Marissamarie961
    "This town was ok for the most part until hurricane micheal. Now its unlivable with high rental prices the average worker cant afford. Kindness has left this town and all that's left is snooty rich people and the average people living in tents cars or campers in front of torn apart houses."
    0
    Flag
  • Laderriabyrden
    "I've lived here for years and have never had concerns for my safety until after the hurricane. The neighborhood is quiet and clean and for the most part neighbors are courteous."
    0
    Flag
  • Peg S. J.
    "Ive lived here 18 years, neighbors are good people we respect each other’s privacy while at the same time being available to help each other if needed"
    13
    Flag
  • Laurette C.
    "Great park for kids safe area. family and pet friendly. you can ride a bike or walk to Piggly Wiggly and a couple of Dollar stores. "
    0
    Flag
  • Stephcrites
    "I have lived here for 2 years and absolutely LOVE our neighborhood. If you are in need of anything, most any of the neighbors will help you out. (Neighborhood Facebook page gives everyone access to each other). Great schools and access."
    14
    Flag
  • Randy W.
    "Easy and quick. I only live 2.3 miles from my work. Traffic is usually always really light when I’m heading into the office. So everything is perfect here! "
    0
    Flag
  • Jrblaster
    "Great neighbors and serene community. Great and quick access to amenities. I enjoy this place. "
    0
    Flag
  • JB
    "We just experienced a category 4.99 Hurricane... we are a stronger community and neighborhood for it. "
    0
    Flag
  • Shirley C.
    "My neighborhood is very nice. Well kept houses and considerate neighbors. I enjoy living here very much. "
    3
    Flag
  • Carmel
    "Prior to Hurricane Michael my commute and traffic were not really an issue for me a long commute for me was an extra 5 minutes of I had to stop for a train or there was an accident. Since Hurricane Michael I have to plan ny cross town travelers around the traffic flows. "
    0
    Flag
  • Hannah
    "I drive my car but you can take a trolley as well. I’m not sure what else to say because that really the only options I do see people walking and riding bikes"
    0
    Flag
  • Barbara A.
    "my neighborhood has a lot of traffic. its near movie theater and stores.its walking distance. Not a quite neighborhood. but I have been living here for 7 years."
    0
    Flag
  • Meloberlander
    "busy af in the morning. traffic lights haven't been updated since the 70s. busy af at night. if theres a car crash you're going to be stuck for awhile "
    0
    Flag
  • Heather W.
    "Veteran's day parade to the Veteran's Park. Every Christmas Santa rides a fire truck through the neighborhoods and waves to the children."
    0
    Flag

LGBTQ Local Legal Protections

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it 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 the MLS.

Frequently asked questions about 537 E 5th Ct

  • What is 537 E 5th Ct estimated to be worth?
    Trulia's estimated value for 537 E 5th Ct in Panama City, FL is $232,000.
  • What is the price history for 537 E 5th Ct?
    537 E 5th Ct in Panama City, FL last sold for $210,000 in November 2023.
  • Is Panama City a buyer's or seller's market?
    Panama City is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Panama City?
    The median sale price in Panama City is $292K. That is up $3.3K from the prior month.
  • Does 537 E 5th Ct have air conditioning?
    Yes, 537 E 5th Ct in Panama City, FL has air conditioning.
  • Does 537 E 5th Ct have a yard?
    Yes, 537 E 5th Ct in Panama City, FL has a yard.

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