Entitled Waterfront Development
For Sale
$4,500,000
305 E Beach Drive, Panama City, FL 32401
LAND - Panama City, FL
Property SizeContact for details
Lot Size3.25 Acres
Days on Market60
Property Features for 305 E Beach Drive
General Information
Property type
Land
Property subtype
Other
Zoning description
City, Commercial, Resid Multi-Family, Resid Single Family
Subdivision
No Named Subdivision
Lot features
Paved
Elementary school
Cherry Street
Middle school
Jinks
High school
Bay
Directions
From Downtown Panama City at the intersection of Harrison Avenue and East Beach Drive, travel east on Beach Drive, cross the Tarpon Dock Bridge over Massalina Bayou. The property is located on east side of Massalina Bayou at the base of the bridge to include all the way to the northwest corner of East 2nd Street
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
Legal 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 Agency:
Counts Real Estate Group Inc
(850) 249-3615
Listed By:
Chris S McCall · License #0666647
(850) 814-9889
Added: Jul 1
Last Checked: Aug 29 at 11:06AM
MLS# 792107
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.
This sale offers an entitled waterfront development land parcel in the Panama City waterfront district. The property provides approximately 3.25 acres with about 650 linear feet of direct frontage on Massalina Bayou. A recorded and assignable Development Agreement is included, providing vested rights for residential and marina development, with multiple supported development paths.
The development agreement supports attached residential/townhomes, detached single-family residential, multifamily residential, and marina-oriented waterfront development. The property is zoned Mixed-Use 3 (MU-3) within the City of Panama City, and the sale includes Bay County Parcel ID #19528-000-000.
Included materials reference ALTA/topographic survey, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, and seawall and marina proposals, supporting a partially assembled development evaluation versus raw land.
The development agreement supports attached residential/townhomes, detached single-family residential, multifamily residential, and marina-oriented waterfront development. The property is zoned Mixed-Use 3 (MU-3) within the City of Panama City, and the sale includes Bay County Parcel ID #19528-000-000.
Included materials reference ALTA/topographic survey, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, and seawall and marina proposals, supporting a partially assembled development evaluation versus raw land.
Key Highlights
- Approximately 3.247‑acre entitled waterfront development site with 650 linear feet direct frontage on Massalina Bayou
- Recorded and assignable Development Agreement provides vested rights for residential and marina development
- Zoned Mixed‑Use 3 (MU‑3) within the City of Panama City
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Entitled waterfront site with direct Massalina Bayou frontage and recorded, assignable development agreement in MU-3 zoning.
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 entitled waterfront development site with 650 linear feet direct frontage on Massalina Bayou; Recorded and assignable Development Agreement provides vested rights for residential and marina development; Zoned Mixed‑Use 3 (MU‑3) within the City of Panama City
