305 E Beach DR, Panama City, FL 32401
305 E Beach DR, Panama City, FL 32401
305 E Beach DR, Panama City, FL 32401
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$4,500,000
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141,570 SqFt
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305 E Beach DR Panama City, FL 32401

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Tammi Montgomery

Tammi Montgomery

+1(850) 585-4106

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Key Details

Property Type Vacant Land

Sub Type Vacant Land

Listing Status Active

Purchase Type For Sale

Square Footage 141,570 sqft

Price per Sqft $31

Subdivision Pelican Pass

MLS Listing ID 1006912

HOA Y/N No

Annual Tax Amount $12,265

Tax Year 2025

Lot Size 3.250 Acres

Acres 3.25

Lot Dimensions 440.0 x 325.0

Property Sub-Type Vacant Land

Source Emerald Coast Association of REALTORS®

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.

Location

State FL

County Bay

Area 27 - Bay County

Zoning City, Commercial, Resid Multi-Family, Resid Single Family

Direction From Downtown Panama City at the intersection of Harrison Avenue and East Beach Drive, travel east on Beach Drive, cross the Tarpon Dock Bridge over Massalina Bayou. The property is located on east side of Massalina Bayou at the base of the bridge to include all the way to the northwest corner of East 2nd Street

Exterior

Utilities Available Electric, Gas - Natural, Lift Station, Phone, Public Water, Sewer Available, TV Cable, Gas Available

Waterfront Description Bayou

View Bayou, Bay

Street Surface Paved Road

Road Frontage City Road

Garage No

Building

Lot Description Addl Land Available, Cleared, Corner, Irregular, Soil Map, Survey Available

Faces From Downtown Panama City at the intersection of Harrison Avenue and East Beach Drive, travel east on Beach Drive, cross the Tarpon Dock Bridge over Massalina Bayou. The property is located on east side of Massalina Bayou at the base of the bridge to include all the way to the northwest corner of East 2nd Street

Sewer Public Sewer

Schools

Elementary Schools Cherry Street

Middle Schools Jinks

High Schools Bay

Others

Pets Allowed No

Tax ID 20154-000-000

Emerald Coast MLS - IDX
Listed by Christopher S McCall Counts Real Estate Group Inc

NEARBY SCHOOL & BUSINESS

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Tammi Montgomery

Tammi Montgomery

Agent | License ID: SL3545094

+1(850) 585-4106

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305 E Beach DR