645 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 25, 2026

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MLS# 785825 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.

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Investment Insights

Based on property information with market context.

This quarter-acre parcel of vacant land is located less than one mile from the beaches of Panama City Beach. The property is zoned R-2, allowing for single-family and multi-family development. It is suited for builders, developers, or investors seeking a coastal location. The site offers ample space for a small multi-family, townhome, or residential development. Paved road access is available, along with public water and sewer at the street. Additional adjoining Malaga parcels are available, allowing for a combined assemblage of approximately 3.7 acres for a larger development footprint or long-term investment strategy. Its proximity to Panama City Beach's sandy shores, less than one mile away, ensures convenient access to the beach. Panama City Beach is a popular tourist destination in Florida, offering potential for rental income and long-term appreciation.

Key Highlights

• Less than one mile to Panama City Beach
• Zoned R‑2, allowing for single family & multi‑family development
• Public water and sewer available at the street

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FAQs

What type of property is this?

Residential land & home lot - Quarter-acre parcel near Panama City Beach, ideal for development.

Where is this residential land & home lot located?

The property is located at 645 Malaga Place Panama City Beach, FL.

What is the asking price?

The asking price for this property is $79,000.

What are key features of this property?

This property features: Less than one mile to Panama City Beach; Zoned R‑2, allowing for single family & multi‑family development; Public water and sewer available at the street