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    2839 Highway 79 Vernon, FL 32462

    New
    For Sale
    $7,900,000

    COMMERCIAL - Vernon, FL

    Lot size:
    240.00 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 2839 Highway 79

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    00000000-00-4625-0000
    Lot size
    240.00 Acres

    Utilities

    Sewer type
    Septic Needed
    Water front
    1

    Coldwell Banker Realty (850) 814-0037 [email protected]

    Listing agent Suzanne Moore (850) 234-6696 License #3048452

    Listing date Dec 2, 2025

    MLS# 771508 Listing URL

    Copyright © 2025 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.

    Overview

    240 Acres Development Opportunity, Vernon

    This commercial land offers a development opportunity encompassing approximately 240 acres in Vernon, Florida. The property is located on the newly expanded four-lane Florida Highway 79, a major route leading to Panama City Beach, Florida. The site features approximately one-half mile of frontage on both sides of FL HWY 79, as well as approximately one-half mile of frontage on Washington County Highway 279 (Pate Pond Rd), and approximately one-half mile of frontage on the Canoe Lovers Holmes Creek. The location is less than 30 minutes from Latitude Margaritaville Watersound, Florida, a development with approximately 150,000 planned homes, of which approximately 2,000 have already been sold. Previous development efforts have resulted in agreements between the City of Vernon, Florida, and Washington County, Florida, to cooperate in development with commercial, medium-density, and high-density land uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Clothing Store Nail Salon Gym & Fitness Department Store Accounting Firm Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Washington
    State
    Florida
    Longitude
    -85.708224
    Latitude
    30.63407

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    FAQs

    What type of property is this?
    Land - 240 acres on Highway 79, Vernon, Florida. Development opportunity.
    Where is this land located?
    The property is located at 2839 Highway 79 Vernon, FL.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: - 240-acre development opportunity on FL HWY 79.; - Frontage on both sides of FL HWY 79 and Washington County Hwy 279.; - Approximately 1/2 mile of frontage on Canoe Lovers Holmes Creek.
    (850) 234-6696
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    2839 Highway 79 Vernon, FL 32462
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    Vernon, FL 32462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2839 Highway 79 Vernon, FL 32462
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