Address
305 E Beach Drive, Panama City, FL
Price
$ 4,500,000
Property Attributes
- MLS#792242
- TypeCom Land
- Listing Status Active
- CountyBay
- CityPanama City
- Area02 - Bay County - Central
- NeighborhoodNo Named Subdivision
- Zip32401
- Style
- Price$ 4,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3.25 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
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.
| Price History | |
|---|---|
| 7/6/2026 | Listed $4,500,000 |
General Features
| Property Subtype | Commercial |
|---|---|
| County | Bay |
| Property Type | Land |
| HOA | false |
| Subdivision Name | No Named Subdivision |
| Special Listing Conditions | ListedAsIs,Other |
| Status | Active |
| Directions | 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 |
| City | Panama City |
| Zoning Description | Resid Single Family, Resid Multi-Family, Other - See Remarks, City |
| MLS Area | 02 - Bay County - Central |
| Lot Size Units | Acres |
| Lot Size Square Feet | 141439 |
| MLS Area Minor | 0203 - Bay - Central SW |
| Standard Status | Active |
| Property Sub Type Additional | Commercial,UnimprovedLand |
| Waterfront Features | Bayou,GulfAccess,Riprap,ShorelineSand,Seawall,ShorelineNatural,SeeRemarks |
| Association Fee Includes | Other,SeeRemarks |
| View | Bay,Bayou |
Exterior Features
| Lot Size Area | 3.25 |
|---|---|
| Lot Size Acres | 3.25 |
| Road Surface Type | Paved |
| Road Frontage Type | CityStreet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Com Land Average in 32401
Price
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Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
