Multi-Zoned Development Land
For Sale
$2,500,000
23 3S 16W, Panama City Beach, FL 32407
COMMERCIAL - Panama City Beach, FL
Property SizeContact for details
Lot Size10.74 Acres
Days on Market25
Property Features for 23 3S 16W
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
No Named Subdivision
Directions
PCB Pkwy to N Alf Coleman Road, left on Victoria Falls, property is at the end/corner of Victoria Falls/Waterfall and Inspiration Falls.
Standard status
Active
APN
34025-010-000
Lot size
10.74 Acres
Taxes and HOA fees
Tax 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
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
Listing Agency:
Think Real Estate
(850) 270-4200
Listed By:
Tina Lamonica · License #BK3432425
(850) 832-7162
Added: Jul 13
Changed: Aug 4
Last Checked: Aug 6 at 5:06PM
MLS# 793079
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale land tract totals approximately 10.46 acres and offers a dual-zoning configuration across the property. Approximately half of the acreage is in Bay County and zoned AG-2, while approximately half is within the City of Panama City Beach and zoned RTH (Residential Townhouse).
The property is described as being located just minutes from Panama City Beach Parkway, shopping, dining, schools, and the Gulf beaches. The northern boundary is adjacent to approximately 1.5 miles of the paved Gayle’s Trails recreational path.
The seller notes potential implications tied to annexation and development feasibility, but buyers are instructed to verify zoning, annexation potential, permitted uses, dimensions, utilities, access, and all other factors through due diligence.
The property is described as being located just minutes from Panama City Beach Parkway, shopping, dining, schools, and the Gulf beaches. The northern boundary is adjacent to approximately 1.5 miles of the paved Gayle’s Trails recreational path.
The seller notes potential implications tied to annexation and development feasibility, but buyers are instructed to verify zoning, annexation potential, permitted uses, dimensions, utilities, access, and all other factors through due diligence.
Key Highlights
- Approximately 10+ acre development parcel with dual zoning across Bay County and the City of Panama City Beach
- About half of the property is in Bay County and zoned AG‑2
- About half of the property is in the City of Panama City Beach and zoned RTH (Residential Townhouse)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 32407, FL
14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large development parcel with dual zoning, including AG-2 and RTH townhouse residential zoning.
Where is this residential land & home lot located?
The property is located at 23 3S 16W Panama City Beach, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 10+ acre development parcel with dual zoning across Bay County and the City of Panama City Beach; About half of the property is in Bay County and zoned AG‑2; About half of the property is in the City of Panama City Beach and zoned RTH (Residential Townhouse)
