Welcome to 7314 Rachel Way, a beautiful residential lot perfectly situated in a quiet North Panama City neighborhood. This .32-acre property offers the ideal setting to create your own private oasis, complete with tranquil waterfront views overlooking a peaceful pond.
Enjoy the serenity of nature while still being just a short drive to shopping, schools, and the amenities of Panama City. With utilities already available, this lot is ready for your vision. Whether you're building your forever home or an investment property, opportunities like this are rare.
Don't miss your chance to own affordable waterfront property in a growing area — schedule your showing today!
Sold for $57,000
$57,000
7314 Rachel Way, Panama City, FL 32404
--beds
--baths
0.32Acres
Unimproved Land
Built in ----
0.32 Acres Lot
$-- Zestimate®
$--/sqft
$1,725 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,725/mo
Zestimate® history
Owner options
List your home for rent
$1,725/mo
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$1,725/mo
Rent Zestimate®
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$301/mo
Est. payment
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$301/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Buck F Henry 850-541-5990,
CENTURY 21 Commander Realty,
Cari Henry 850-596-0303,
CENTURY 21 Commander Realty
Bought with:
Cari Henry, SL3468501
CENTURY 21 Commander Realty
Buck F Henry
CENTURY 21 Commander Realty
Source: CPAR,MLS#: 775914
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Property
Features
- Has view: Yes
- View description: Pond
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
Lot
- Size: 0.32 Acres
- Dimensions: 130 x 92 x 128 x 90 x 28
- Features: Paved
Details
- Parcel number: 05551124000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Utilities & green energy
- Utilities for property: Sewer Available
Community & HOA
Community
- Subdivision: Rachels Landing
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Tax assessed value: $57,120
- Annual tax amount: $608
- Date on market: 7/7/2025
- Cumulative days on market: 67 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $57,000-4.8% |
Source:  CPAR #775914 Report a problem | ||
| 9/13/2025 | Pending sale | $59,900 |
Source: CPAR #775914 Report a problem | ||
| 7/7/2025 | Listed for sale | $59,900+48.3% |
Source: CPAR #775914 Report a problem | ||
| 6/4/2025 | Sold | $40,400-32.7% |
Source: Public Record Report a problem | ||
| 6/21/2006 | Sold | $60,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $608 +3% | $43,307 +10% |
| 2023 | $590 +39.1% | $39,370 +10% |
| 2022 | $424 | $35,791 |
| 2021 | -- | -- |
| 2020 | $366 +13.6% | $29,579 +10% |
| 2019 | $323 | $26,890 |
| 2018 | $323 -1.4% | $26,890 +6.7% |
| 2017 | $327 +4.8% | $25,200 +2% |
| 2016 | $312 -14.1% | $24,700 -4% |
| 2015 | $363 | $25,740 +10% |
| 2014 | $363 | $23,400 |
Find assessor info on the county website
Neighborhood: Cedar Grove
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Nearby schools
GreatSchools rating
- 3/10Tommy Smith Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 4/10Merritt Brown Middle SchoolGrades: 6-8Distance: 2.7 mi
- 2/10Rutherford High SchoolGrades: 6-12Distance: 8.7 mi
Schools provided by the listing agent
- Elementary: Tommy Smith
- Middle: Merritt Brown
- High: Rutherford
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Florida
- Bay County
- Panama City
- 32404
- Cedar Grove
- 7314 Rachel Way
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