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    1817 Bay Breeze Dr Panama City, FL 32409

    For Sale
    $1,475,000

    Waterfront property ideal for multifamily development with permits in place.

    Lot size:
    2.94 Acres

    Property Features for 1817 Bay Breeze Dr

    General Information

    Standard status
    Active
    Lot size
    2.94 Acres

    Source: HOMECOIN.COM Agent JONATHAN MINERICK

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Development Opportunity with Entitlements

    This waterfront property, Bay Breeze Shores, is located along North Bay in Lynn Haven. It presents a development opportunity for investors, with water views and wildlife observation potential. The location is suitable for creating a multifamily community. It is located half a mile from Highway 77, providing access to Downtown Lynn Haven's restaurants and parks, and 15 miles from Northwest Florida Beaches International Airport. Leslie Porter Wayside Park and Bailey Bridge Fishing Pier are located 1 mile away. Dock and seawall permits are in place, providing direct access to the Gulf. The property is zoned High Density Residential with an approved development order for 38 units on 2.92 acres. An additional 0.82 acre out-parcel is available for expansion. The entire property is high and dry. The property's location makes it suitable for various types of developments, including an upscale residential community with waterfront access or a rental resort.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.7317
    Latitude
    30.3555

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    FAQs

    What type of property is this?
    Commercial land - Waterfront property ideal for multifamily development with permits in place.
    Where is this commercial land located?
    The property is located at 1817 Bay Breeze Dr Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: - Waterfront property with direct Gulf access via existing dock and seawall permits.; - Approved Development Order for **38 high-density residential units** on 2.92 acres.; - **Panoramic water views** and a tranquil setting ideal for an exclusive multifamily community.
    (888) 400-2513
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    1817 Bay Breeze Dr Panama City, FL 32409
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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
    1817 Bay Breeze Dr Panama City, FL 32409
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