$2,500,000
Panama City Beach, FL 32407
MLS# 1008379
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Property Description
Development opportunity in the heart of Panama City Beach! This approximately 10+ acre parcel offers investment potential with dual zoning--approximately half located within Bay County and zoned AG-2, and approximately half within the City of Panama City Beach and zoned RTH (Residential Townhouse). The RTH zoning presents an opportunity for residential development, and the adjoining AG-2 portion may have the potential to be annexed into the City of Panama City Beach, subject to city approval and applicable requirements. Conveniently located just minutes from Panama City Beach Parkway, shopping, dining, schools, and the Gulf beaches, this property is ideally positioned in one of the area's fastest-growing corridors. Whether you're a builder, developer, or long-term investor, this is a rare opportunity to acquire a sizeable tract with significant residential development potential in a highly desirable location. The property is adjacent to approximately 1.5 miles of the paved Gayle's Trails recreational path along its northern boundary. Buyer to verify zoning, annexation potential, permitted uses, dimensions, utilities, access, development feasibility, and all other pertinent information through their own due diligence.
Details
Contract Info
Listing Board: Emerald Coast
List Price/Acre: 232774.67
List Date: 2026-07-13
List Price: $2,500,000
Location, Tax and Legal
Sub Area: 2721 - Beach - North Central
Elementary School: Hutchinson Beach
Middle School: Surfside
High School: Arnold
Legal Description: 23 3S 16W -1.1- Com At Sw Cor Of Sec E 2875.49 N 1574.37' For Pob Th Swly 413.25' Sely 208.6' S 294.51' Wly 233.34' N 110.65' Nwly 546.24' Swly 210.54' Nwly 239.64' Nely 395.79' Nely 594.64' Ely 187.82' To Pob Orb 3772 P 1478
General Property Info
Sub-Type: Vacant Land
Acreage: 10.74
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 941.46
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Development opportunity in the heart of Panama City Beach! This approximately 10+ acre parcel offers investment potential with dual zoning--approximately half located within Bay County and zoned AG-2, and approximately half within the City of Panama City Beach and zoned RTH (Residential Townhouse). The RTH zoning presents an opportunity for residential development, and the adjoining AG-2 portion may have the potential to be annexed into the City of Panama City Beach, subject to city approval and applicable requirements.
Conveniently located just minutes from Panama City Beach Parkway, shopping, dining, schools, and the Gulf beaches, this property is ideally positioned in one of the area's fastest-growing corridors. Whether you're a builder, developer, or long-term investor, this is a rare opportunity to acquire a sizeable tract with significant residential development potential in a highly desirable location. The property is adjacent to approximately 1.5 miles of the paved Gayle's Trails recreational path along its northern boundary.
Buyer to verify zoning, annexation potential, permitted uses, dimensions, utilities, access, development feasibility, and all other pertinent information through their own due diligence.
Utilities
Other: 1
Zoning
Agriculture: 1
Resid Multi-Family: 1
None
Current Price: $2,500,000
Status Change Info
Status: Active
Location Tax and Legal
Street #: TBD
Street Name: 23 3S 16W
Area: 27 - Bay County
State: FL
Zip Code: 32407
County: Bay
Project Name/Subdivision: NO RECORDED SUBDIVISION
Parcel ID: 34025-010-000
Property Features
Zoning: Agriculture; Resid Multi-Family
Utilities: Other
Listing Office: Think Real Estate
Last Updated: July - 31 - 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.
