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Bayfront Homesite on West Bay
For Sale
$1,150,000

306 Moonlight Bay Drive, Panama City Beach, FL 32407

Land, Panama City Beach, FL

Property SizeContact for details
Lot Size0.67 Acres
Days on Market238

Property Features for 306 Moonlight Bay Drive

General Information

Property type Land
Property subtype Other
Zoning Resid Single Family
Subdivision COLONY CLUB HARBOUR PH 1
Elementary school Hutchinson Beach
Middle school Surfside
High school Arnold
Directions Take Panama City Beach Parkway going East from Pier Park, turn left onto Nautilus Street, then make a right onto Fair Way Circle, turn left onto Fair Way Blvd., then turn left onto Moonlight Bay Drive. You will see the lot between 304 and 308 Moonlight Bay Drive.
Standard status Active
APN 32736-022-000
Lot size 0.67 Acres

Taxes and HOA fees

Tax Description COLONY CLUB HARBOUR PHASE I LOT 21 MAP 37A ORB 1460 P 578
Legal Description COLONY CLUB HARBOUR PHASE I LOT 21 MAP 37A ORB 1460 P 578

Utilities

Water front features Seawall
Water front 1
Listing Agency: Linda Miller Real Estate LLC
Listed By: Angela L Cummins · License #3348309
Added: Jan 13 Changed: Sep 5 Last Checked: Sep 8 at 1:06AM
MLS# 992817

Copyright © 2026 Emerald Coast 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 bayfront homesite at 306 Moonlight Bay Drive presents a tranquil opportunity on the shores of West Bay in Panama City Beach. The buildable parcel features 101.1 feet of bay frontage and includes a fortified seawall for shoreline protection. The property is set amidst a slow-moving saltwater marsh, offering a serene and naturally beautiful environment. Situated within a designated West Bay sector plan, the area's resources are preserved for the future. The location provides convenient access to various amenities, including shopping, dining, golf, and the white-sand beaches of Panama City Beach. The site is intended for residential use, allowing for the creation of a legacy home. The property offers Gulf access via a 25-minute boat ride to the Gulf of Mexico. The lot size is 0.67 acres.

Key Highlights

  • 101.1' of West Bay frontage with Gulf access
  • Buildable parcel ready for a legacy home
  • Fortified seawall already in place for shoreline protection

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Land - Rare bayfront homesite with Gulf access in Panama City Beach.
Where is this land located?
The property is located at 306 Moonlight Bay Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 101.1' of West Bay frontage with Gulf access; Buildable parcel ready for a legacy home; Fortified seawall already in place for shoreline protection
More about this property
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