Waterfront Development Opportunity in
For Sale
$12,000,000
1025 Hwy 2297, Panama City, FL 32404
LAND - Panama City, FL
Property SizeContact for details
Lot Size283.00 Acres
Days on Market250
Property Features for 1025 Hwy 2297
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential Single Family
Subdivision
No Named Subdivision
Lot features
Additional Land Available, Boating Access
View
Water
Directions
From Hwy 22 and Hwy 2297 go South on Hwy 2297 to just past the Cook's Bayou bridge. Subject property is on the East side of Hwy 2297.
Standard status
Active
APN
07397005000
Lot size
283.00 Acres
Taxes and HOA fees
Tax Description
24 4S 13W -2.1- 163D N1/2 OF N1/2 E OF CO RD 2296 LESS TO COOK BAYOU ESTS LESS 6.1 AC TO 07397-100-000 SUBJ TO CONS ESMT ORB 2072 P 1441
Legal Description
24 4S 13W -2.1- 163D N1/2 OF N1/2 E OF CO RD 2296 LESS TO COOK BAYOU ESTS LESS 6.1 AC TO 07397-100-000 SUBJ TO CONS ESMT ORB 2072 P 1441
Utilities
Water front
1
Listing Agency:
Nai Talcor
(850) 249-2879
Listed By:
Wendy Partie · License #SL3580252
(601) 405-9820
Added: Dec 22, 2025
Changed: Jun 10
Last Checked: Aug 29 at 11:06AM
MLS# 320866
Copyright © 2026 Forgotten Coast Realtor Association. 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 283-acre waterfront property offers a development opportunity with access to East Bay and the Gulf of Mexico. The land features over 5,600 feet of frontage on Cook's Bayou and a mix of Oak, Magnolia, and Pine trees. Approximately 150 acres are uplands situated on a bluff along the waterfront, with the majority of these uplands located in Zone X, outside of the 500-year flood zone. Zoned Conservation Habitation, the property allows for a density of 2 units per acre, totaling 514 units. Development possibilities include an upland cut marina with slips, residential docks, and dredging, all of which could be entitled as part of the overall project. The property is located near Eastern Shipbuilding, which was recently awarded a $10.5 billion US Coast Guard contract. It is also situated 20 minutes from Tyndall AFB and 1.5 miles from the Gulf Coast Parkway, which is included in the FDOT's 5-year plan to connect Hwy 231 to Gulf County.
Key Highlights
- Waterfront development opportunity with 5,600' on Cook's Bayou, providing access to East Bay and the Gulf of Mexico.
- Zoned Conservation Habitation allowing for a density of 2 units per acre, totaling 514 units.
- Approximately 150 acres of uplands, mostly in Zone X (outside the 500‑year flood zone).
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - 283-acre waterfront land with development potential near major landmarks.
Where is this waterfront land located?
The property is located at 1025 Hwy 2297 Panama City, FL.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Waterfront development opportunity with **5,600' on Cook's Bayou**, providing access to East Bay and the Gulf of Mexico.; Zoned Conservation Habitation allowing for a density of **2 units per acre, totaling 514 units**.; Approximately 150 acres of uplands, mostly in Zone X (outside the 500‑year flood zone).
