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    Entitled Waterfront Development Site

    305 E Beach Drive Panama City, FL 32401

    305 E Beach Drive, Panama City, FL, 32401
    $4,500,000
    For Sale
    Claim this Listing
    $4,500,000

    COMMERCIAL - Panama City, FL

    Lot Size3.25 Acres
    AddedJul 1
    Days on Market15
    Last RefreshJul 15 at 1:06 am

    Property Features for 305 E Beach Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20154-000-000
    Lot size
    3.25 Acres

    Taxes and HOA fees

    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

    Utilities

    Water front features
    Seawall
    Water front
    1

    Listing agent Chris S McCall License #0666647

    Listing office Counts Real Estate Group Inc 2104 Thomas Drive, PANAMA CITY BEACH, FL

    Listing date Jul 1, 2026

    MLS# 792242 Listing URL

    Copyright © 2026 Central Panhandle 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.

    Pelican Pass at Massalina Bayou is an entitled waterfront development site in Panama City’s waterfront district. The property is offered with a recorded and assignable development agreement providing vested rights for residential and marina development. Supporting materials included with the sale encompass an ALTA/topographic survey, existing conditions, development agreement, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, and marina and seawall proposals.

    The site includes approximately 650 linear feet of direct frontage on Massalina Bayou and is zoned Mixed-Use 3 (MU-3) within the City of Panama City. The listing includes Bay County Parcel ID #19528-000-000.

    The development agreement supports multiple development paths, including attached residential/townhomes, detached single-family residential, multifamily residential, and marina-oriented waterfront development.

    Key Highlights

    • Approximately 3.247‑acre waterfront development site with 650 linear feet of direct frontage on Massalina Bayou
    • Recorded, assignable Development Agreement with vested rights for residential and marina development
    • Zoned Mixed‑Use 3 (MU‑3) within the City of Panama City

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Law Firm (Bike/Boat/Book/etc) Store Daycare Center Pharmacy Home Appliance Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Waterfront Land - Entitled mixed-use waterfront land with direct Massalina Bayou frontage and recorded 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 with 650 linear feet of direct frontage on Massalina Bayou; Recorded, assignable Development Agreement with vested rights for residential and marina development; Zoned Mixed‑Use 3 (MU‑3) within the City of Panama City
    Contact an agent
    (850) 814-9889
    We can help!
    Contact an agent
    Chris S McCall
    Chris S McCall
    Real Estate License ID: 0666647
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