The St. Andrew's Bay Railroad, Land & Mining Co. sold the 25ft. by 125ft. lots mail order for a dollar a piece. The company was based in Cincinnati. If you were coming from up north to see your property, you took the railroad to Pensacola and traveled by boat to the future site of Panama City.
This lot was Number 9 on Block Number 4 in Section 13, Township 3 South, Range 14 West and was sold to John Goodin of Tuskaloosa, Alabama.
http://www.youtube.com/watch?v=FKCnHWas3HQ