$4,150,000
Panama City Beach, FL 32413
MLS# 579610
Status: Sold
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Property Description
RARE OPPORTUNITY!! Spectacular potential for Condominium Development with in-place foundation: Fully permitted for 234 gulf front condominiums and a 5 story parking garage perfectly located in city limits and the most desirable West Panama City Beach, only minutes from world renowned Rosemary and Alys Beach. Entitlements and existing infrastructure offered at $5,900,000 an 88% discount from owern's cash investment of $51,000,000 for land and improvements. Current development order expires Oct. 5, 2013. Completed plans by Collins and Associates for one, two and three bedroom condominiums with featured Gulf front amenities including pool, spas, exercise room, and lobby. Additional planned amenities include a conference room, game room, and parking garage. Construction begun in 2006 with
Details
Contract Info
Listing Board: Emerald Coast
List Date: 2012-06-26
List Price: $5,900,000
Location, Tax and Legal
Sub Area: 2724 - Beach - West Central
Property Name: BEACHSCAPE
Legal Description: BLK 1 MIRAMAR BEACH AND THE SLY R/W LINE OF FRONT BEACH RD TH SW ALONG THE WEST LINE OF LOT 52' S 30.91 SW 68 M/L TO WATRES EDGE TH NWLY ALONG WATER 380' M/L TH NORTH 163' M/L TO SLY R/W 14 3S 17W -5.1- 21B1 COM AT NE COR OF SEC TH W 880' S 543.10' TO NWLY R/W OF HWY 98 FOR POB TH NWLY ALONG R/W 322.41' TO THE ELY R/W OF SEAKOVE ST NELY ALONG ELY R/W 105' TH SELY 264.57' TO THE WLY R/W OF DEERMONT
General Property Info
Lot Frontage: 402
Acreage: 2.81
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: RARE OPPORTUNITY!! Spectacular potential for Condominium Development with in-place foundation: Fully permitted for 234 gulf front condominiums and a 5 story parking garage perfectly located in city limits and the most desirable West Panama City Beach, only minutes from world renowned Rosemary and Alys Beach. Entitlements and existing infrastructure offered at $5,900,000 an 88% discount from owern's cash investment of $51,000,000 for land and improvements. Current development order expires Oct. 5, 2013. Completed plans by Collins and Associates for one, two and three bedroom condominiums with featured Gulf front amenities including pool, spas, exercise room, and lobby. Additional planned amenities include a conference room, game room, and parking garage. Construction begun in 2006 with
Class
Land: 1
Waterfront
Waterfront Feet: 336
Construction Status
Proposed: 1
None
Current Price: $4,150,000
Status Change Info
Status: Sold
Under Contract Date: 2012-08-29
Sold Date: 2013-07-31
Sold Price: $4,150,000
Location Tax and Legal
Area: 27 - Bay County
Street #: 17851
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32413
County: Bay
Parcel ID: 38405-000-000
Property Features
Class: Land
Construction Status: Proposed
Supplements
$11 million dollars of improvements completed including foundation with plumbing infrastructure. Site is gated and landscaped. Ideal zoning with gulf front parcel zoned T-2 and north parcel zoned T-3. T-2 is zoned for apartments, hotels, motels, condominiums, churches, clubs, lounges, lodges, parking lots, parking garages, business uses, including retail sales and services, and single-family dwellings. T-3- is zoned for apartments, arcades and game rooms, hotels, motels, condominiums, churches, clubs, lounges, lodges, parking lots, parking lots, parking garages, business uses, professional uses, personal services, drive-in facilities, retail sales and services, and single family dwellings. Overall beach front parcel has 336+/- gulf frontage with 431+/- road frontage and is approximately 1.65 acres. Garage parcel is 1.16 acres with 322+/- road frontage and is located North of Front Beach Rd. between Seakove Street and Deermont Street. New Bay County International Airport: Only 15 miles to the new airport and less than 3 miles to Simon Pier Park with 1.1 million sqft of new retail and restaurants. Call associate for property brochure.
Listing Office: ResortQuest Real Estate Destin
Last Updated: October - 11 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
