$4,500,000
Panama City, FL 32401
MLS# 1006912
1 / 20
Property Description
Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.
Details
Contract Info
Listing Board: Emerald Coast
List Price/Acre: 1384615.38
List Date: 2026-07-01
List Price: $4,500,000
Location, Tax and Legal
Sub Area: 2703 - Bay - Central SW
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Legal Description: 9 4S 14W -1- 70A All That Part Of Nw1/4 Of Sw1/4 Lying S & E Of Massalina Bayou Less Davis Plats & Less Pcls -1.1- & -1.2 Subj To Cons Esmt Or3108 P1693 Subj To Cons Esmt Or3108 P1714 Orb 4754 P 1342
General Property Info
Sub-Type: Vacant Land
Acreage: 3.25
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 12265.53
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.
Waterfront
Bayou: 1
Waterfront Feet: 650
Waterview
Bay: 1
Bayou: 1
Lot Features
Addl Land Available: 1
Cleared: 1
Corner: 1
Irregular: 1
Soil Map: 1
Survey Available: 1
Lot Access
City Road: 1
Paved Road: 1
Utilities
Electric: 1
Gas - Natural: 1
Gas Available: 1
Lift Station: 1
Phone: 1
Public Sewer: 1
Public Water: 1
Sewer Available: 1
TV Cable: 1
Zoning
City: 1
Commercial: 1
Resid Multi-Family: 1
Resid Single Family: 1
See Remarks: 1
Financing
Conventional: 1
None
Current Price: $4,500,000
Status Change Info
Status: Active
Location Tax and Legal
Street #: 305
Street Direction: E
Street Name: Beach
Street Suffix: Drive
Area: 27 - Bay County
State: FL
Zip Code: 32401
County: Bay
Project Name/Subdivision: Pelican Pass
Parcel ID: 20154-000-000
Property Features
Lot Access: City Road; Paved Road
Lot Features: Addl Land Available; Cleared; Corner; Irregular; Soil Map; Survey Available
Zoning: Commercial; Resid Multi-Family; Resid Single Family; See Remarks
Waterfront: Bayou
Waterview: Bay; Bayou
Utilities: Electric; Gas - Natural; Gas Available; Lift Station; Phone; Public Sewer; Public Water; Sewer Available; TV Cable
Financing: Conventional
Listing Office: Counts Real Estate Group Inc
Last Updated: July - 03 - 2026
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.
