Fonza Rd Panama City, FL 32409

This is a rare waterfront development opportunity, encompassing approximately 231 acres with roughly 8,000 feet of natural shoreline on North Bay. Flexible deal structures are available, including seller financing and potential joint venture development partnerships. The seller is actively seeking qualified development partners and is open to creative structuring to bring this site to its highest and best use. The property is strategically located on Bay County's rapidly expanding north side, minutes from Northwest Florida Beaches International Airport, Panama City Beach, and the multi-billion-dollar redevelopment of Tyndall Air Force Base. Adjacent to the established Fanning Bayou subdivision and close to Gulf Coast State College's North Bay Campus, the site is positioned in the path of major regional growth. Previously approved for 218 residential units and a school, the site has utilities nearby and excellent access to infrastructure and major roads. Bay County planning supports new development in this corridor. The property is ideal for residential, mixed-use, institutional, or recreational development. It represents one of the largest contiguous, undeveloped waterfront parcels remaining in the area. With strong regional demand, supportive zoning, and a seller willing to structure a deal creatively, including JV partnerships, this property offers a compelling opportunity for developers and investors looking to capitalize on Northwest Florida's growth.