Entitled Waterfront Development
For Sale
$4,500,000
305 E Beach Drive, Panama City, FL 32401
Entitled waterfront development land with an assignable development agreement for residential and marina uses along Massalina Bayou.
Property SizeContact for details
Lot Size3.25 Acres
Days on Market130
Property Features for 305 E Beach Drive
General Information
Standard status
Active
Lot size
3.25 Acres
Property subtype
Land
Zoning
MU-3
Listing Agency:
Counts Real Estate Group Inc
Listed By:
Chris S McCall
(850) 230-4514
Source:
Cthomeseekers
Added: Apr 28
Changed: Sep 3
Last Checked: Sep 4 at 9:56AM
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 Counts Real Estate Group Inc
Investment Insights
Based on property information with market context.
Pelican Pass at Massalina Bayou is an entitled waterfront development site offering recorded, assignable development agreement rights for residential and marina development. The property totals approximately 3.247 acres and features about 650 linear feet of direct frontage on Massalina Bayou.
The site is zoned Mixed-Use 3 (MU-3) within the City of Panama City and supports multiple development paths, including attached residential/townhomes, detached single-family residential, multifamily residential, and marina-oriented waterfront development. The sale includes Bay County Parcel ID #19528-000-000.
Included materials support buyer due diligence and project evaluation, including ALTA/topographic survey, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal, and marina proposal.
The site is zoned Mixed-Use 3 (MU-3) within the City of Panama City and supports multiple development paths, including attached residential/townhomes, detached single-family residential, multifamily residential, and marina-oriented waterfront development. The sale includes Bay County Parcel ID #19528-000-000.
Included materials support buyer due diligence and project evaluation, including ALTA/topographic survey, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal, and marina proposal.
Key Highlights
- Approximately 3.247 acres with 650 linear feet of direct waterfront frontage on Massalina Bayou
- Recorded, assignable Development Agreement provides vested rights for residential and marina development
- Multiple development paths supported: attached townhomes, detached single‑family, multifamily, and marina‑oriented waterfront development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Entitled waterfront development land with an assignable development agreement for residential and marina uses along Massalina Bayou.
Where is this waterfront land located?
The property is located at 305 E Beach Drive Panama City, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 3.247 acres with 650 linear feet of direct waterfront frontage on Massalina Bayou; Recorded, assignable Development Agreement provides vested rights for residential and marina development; Multiple development paths supported: attached townhomes, detached single‑family, multifamily, and marina‑oriented waterfront development
