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    1025 Highway 2297 Panama City, FL 32404

    For Sale
    $12,000,000

    Residential Lots/Land - Panama City, FL

    Lot size:
    283.00 Acres
    Days on Market:
    268
    Last Refresh:
    Dec 12 at 7:06 am

    Property Features for 1025 Highway 2297

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    07397-005-000
    Lot size
    283.00 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    NAI TALCOR (850) 229-6373

    Listing agent Wendy Partie (850) 249-2879

    Listing date Mar 20, 2025

    MLS# 320866 Listing URL

    Copyright © 2025 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Development Opportunity in Panama City

    This 283-acre waterfront property offers a development opportunity with access to East Bay and the Gulf of Mexico. The land features over 5,600 feet of frontage on Cook's Bayou and a mix of oak, magnolia, and pine trees. Approximately 150 acres consist of uplands situated on a bluff along the waterfront, with most of the uplands located in Zone X, outside of the 500-year flood zone. Zoned Conservation Habitation, the property allows for a density of 2 units per acre, potentially accommodating 514 units. The development could include an upland cut marina with slips, residential docks, and dredging. The location is near Eastern Shipbuilding, which was recently awarded a $10.5 billion US Coast Guard contract, and 20 minutes from Tyndall AFB. It is also situated 1.5 miles from the planned Gulf Coast Parkway, as part of the FDOT's 5-year plan to connect Hwy 231 to Gulf County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Clothing Store Electrical Service Convenience Store Computer & Electronic Repair Shoe Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.498678
    Latitude
    30.1278945

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    FAQs

    What type of property is this?
    Land - 283-acre waterfront property suitable for residential development near major employers.
    Where is this land located?
    The property is located at 1025 Highway 2297 Panama City, FL.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: - Waterfront development opportunity with over 5,600' on Cook's Bayou, providing access to East Bay and the Gulf of Mexico.; - Zoned Conservation Habitation allowing for a density of 2 units per acre, totaling 514 units.; - +/- 150 acres of uplands located on a bluff along the waterfront, with the majority in Zone X (outside the 500-year flood zone).
    (850) 249-2879
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    1025 Highway 2297 Panama City, FL 32404
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    Panama City, FL 32404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1025 Highway 2297 Panama City, FL 32404
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