Entitled Waterfront Development
305 E Beach Drive Panama City, FL 32401
305 E Beach Drive, Panama City, FL, 32401
$4,500,000
For Sale
$4,500,000
LAND - Panama City, FL
Lot Size3.25 Acres
Days on Market20
Property Features for 305 E Beach Drive
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- City, Commercial, Resid M
- Standard status
- Active
- APN
- 20154-000-000
- Lot size
- 3.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 9 4S 14W -1- 70A All That Part Of Nw1/4 Of Sw1/4 Lying S & E Of Massalina Bayou Less Davis Plats & Less Pcls -1.1- & -1.2 Subj To Cons Esmt Or3108 P1693 Subj To Cons Esmt Or3108 P1714 Orb 4754 P 1342
- Tax Annual Amount
- 12266
Utilities
- Sewer type
- Public Sewer
- Water front
- 1
Listing Agency
Counts Real Estate Group Inc
(850) 249-3615
2104 Thomas Dr, Panama City Beach, FL
Listed by
Christopher S McCall · License #666647
(850) 814-9889
Added: Jul 1 Updated: Jul 3 at 6:38 pm Checked: Jul 20 at 4:06 pm
MLS# 1006912
Listing URL
Copyright © 2026 Emerald Coast Association of Realtors. 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 entitled waterfront land site presents a partially assembled development opportunity with direct frontage on Massalina Bayou. The property includes approximately 3.25 acres with about 650 linear feet of direct frontage, and features a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential, and marina-oriented waterfront development. Zoning is identified as MU-3 within the City of Panama City.
The offering includes project documentation to support evaluation, including an ALTA/topographic survey, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal, and marina proposal. Also included is Bay County Parcel ID # 19528-000-000.
The offering includes project documentation to support evaluation, including an ALTA/topographic survey, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal, and marina proposal. Also included is Bay County Parcel ID # 19528-000-000.
Key Highlights
- Approximately 3.247‑acre waterfront development site in Panama City’s waterfront district on Massalina Bayou
- 650 linear feet of direct frontage on Massalina Bayou
- Recorded and assignable development agreement with vested rights for residential and marina development
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Waterfront Land
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FAQs
What type of property is this?
Waterfront Land - Entitled waterfront development land with direct Massalina Bayou frontage and a recorded, assignable development agreement.
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‑acre waterfront development site in Panama City’s waterfront district on Massalina Bayou; 650 linear feet of direct frontage on Massalina Bayou; Recorded and assignable development agreement with vested rights for residential and marina development
