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305 E Beach Drive, Panama City, FL 32401 Active 1 / 20
$4,500,000

305 E Beach Drive, Panama City, FL 32401

Panama City, FL 32401
  • MLS 792242

About this home

Pelіcаn Ρаsѕ at Μassalina Bayou preѕents a rаre 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.

Property details

Property typeCommercial
StatusActive
Area02 - Bay County - Central
SubdivisionNo Named Subdivision
CityPanama City
CountyBay
Zip32401
ViewBay,Bayou
Special conditionsListedAsIs,Other

Exterior & lot

Lot size3.25 acres
Road frontageCity Street

Community

DirectionsFrom 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

Data source: Central Panhandle Association of REALTORS®

Location

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