Waterfront Development Opportunity in
For Sale
$5,000,000
Fanning Bayou Drive, Panama City, FL 32409
Waterfront land suitable for development with deepwater access.
Property Size36 SF
Price / SF$138,888
Days on Market261
Property Features for Fanning Bayou Drive
General Information
Standard status
Active
Size
36 SF
Property subtype
Land
Listing Agency:
First Capital Property Group
(407) 872-0177
Listed By:
Jesse King · License #SL3545010
Source:
Corfac
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Aug 11 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Capital Property Group
Investment Insights
Based on property information with market context.
This property presents a waterfront development opportunity with R-2 zoning, permitting up to 89 units. The land offers deepwater access via Newman Bayou and North Bay, creating an ideal environment for waterfront residences. It is located 30 minutes from Panama City and Panama City Beach. The site benefits from readily available utilities and completed curb cuts for roadway access. The property size is 36 acres.
Key Highlights
- Waterfront development opportunity with R‑2 zoning allowing up to 89 units.
- Deepwater access via Newman Bayou and North Bay.
- Located 30 minutes from Panama City and Panama City Beach.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 32409, FL
10,394
Population
4,525
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
90%
High-School Grad
126.6 sq mi
ZIP Area
82
Density / Sq Mi
$60,687
Median Household Income
$37,278
Median Earnings
$1,097
Median Rent
$221,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Waterfront land suitable for development with deepwater access.
Where is this land located?
The property is located at Fanning Bayou Drive Panama City, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Waterfront development opportunity with R‑2 zoning allowing up to 89 units.; Deepwater access via Newman Bayou and North Bay.; Located 30 minutes from Panama City and Panama City Beach.
