641 Malaga Place Panama City Beach, FL 32413

Listing agent Angela M Foust License #SL3416662 Show Phone

Listing office Performance Realty m***@gmail.com 190 E Brock Ave, Bonifay, FL Show Phone

Listing date Feb 24, 2026

Report an issue

MLS# 785823 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.

This 1.86+/- acre property on Malaga Place is located less than 1 mile from the white sandy beaches and under 5 miles from Frank Brown Park, with quick access to 30A. The property is positioned in one of the most in-demand pockets of Panama City Beach. It features paved road access and available public water and sewer, offering strong build potential. With R-2 zoning, the property allows for the construction of single-family and multi-family homes. Surrounded by established neighborhoods and ongoing development, this parcel presents an excellent opportunity for residential development. Adjoining parcels are available for a total of 3.7+/- acres.

Key Highlights

• Prime location: Less than 1 mile to white sandy beaches.
• Development potential: R‑2 zoning allows for single‑family and multi‑family homes.
• Convenient access: Quick access to 30A and under 5 miles to Frank Brown Park.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $925,000

  3,179 SF

  Professional Office Building

  Two-level office layout with multiple private offices, conference space, and on-site front and rear parking.

  10010 Hutchison Boulevard, Panama City Beach, FL 32407

  View Details
• 

  $745,000

  3,732 SF

  Quadplex with Commercial Mixed Use

  Four-unit quadplex with a roof replacement in 2019 and 4-Point Inspection reports for each unit’s HVAC and plumbing.

  133 Gwyn Drive, Panama City Beach, FL 32408

  View Details
• 

  $650,000

  2,556 SF

  Panama City Beach Multifamily Opportunity

  Versatile property near the beach with redevelopment potential.

  604 Fernwood Street, Panama City Beach, FL 32407

  View Details
• 

  $950,000

  Commercial Land with 90-Foot Frontage

  Commercially zoned land with 90 feet of Thomas Drive frontage and city road access, suited for tourism-oriented development.

  9823 Thomas Drive, Panama City Beach, FL 32408

  View Details
• 

  $650,000

  2,556 SF

  Former Motel Income Property

  Former motel with 7 bedrooms, 6 bathrooms, and an on-site swimming pool for multiple rental configuration possibilities.

  604 Fernwood Street, Panama City Beach, FL 32407

  View Details
• 

  $1,525,000

  4,000 SF

  Luxury Duplex with Heated Pool

  2024-built furnished duplex with two 5-bedroom units, each with covered balcony access and a resort-style heated saltwater pool.

  108 San Vincente Street, Panama City Beach, FL 32413

  View Details
• 

  $699,000

  3,804 SF

  Three-Unit Triplex with Separate Entrances

  Triplex with three private layouts, including a split-level 4-bedroom unit, plus ample parking and no HOA.

  5612 Hilltop Avenue, Panama City Beach, FL 32408

  View Details
• 

  $525,000

  General Commercial Development Land

  Zoned General Commercial, this development parcel sits in a maintained commercial association for flexible mixed-use planning.

  11600 Market Street, Panama City Beach, FL 32407

  View Details
• 

  $5,975,000

  28,010 SF

  Industrial Warehouse with High Clear Height

  Steel-frame warehouse in Beach Commerce Park featuring clear-span space and multiple overhead roll-up doors for flexible logistics and storage.

  109 Estes Place, Panama City Beach, FL 32413

  View Details
• 

  $750,000

  Commercial Land at Corner Intersection

  Approximately 1.13-acre commercial site at the southeast corner of Front Beach Road and Holley Lane.

  7413 Front Beach Road, Panama City Beach, FL 32407

  View Details
• 

  $4,950,000

  31,220 SF

  Panama City Beach Commercial Property

  Office, warehouse, and outdoor storage on 3.9 acres.

  17687 Ashley Drive, Panama City Beach, FL 32413

  View Details
• 

  $1,525,000

  4,000 SF

  Luxury Duplex with Heated Pool

  Nearly new 2024-built duplex offers two fully appointed units, each with multiple bedrooms and private outdoor space.

  108 San Vincente Street, Panama City Beach, FL 32413

  View Details

FAQs

What type of property is this?

Land - 1.86+/- acre residential land parcel near Panama City Beach.

Where is this land located?

The property is located at 641 Malaga Place Panama City Beach, FL.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: Prime location: Less than 1 mile to white sandy beaches.; Development potential: R‑2 zoning allows for single‑family and multi‑family homes.; Convenient access: Quick access to 30A and under 5 miles to Frank Brown Park.