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    601 Fernwood St Panama City Beach, FL 32407

    For Sale
    $425,000

    Prime Beachfront Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional .28-acre (12,058 sq ft) double lot presents a remarkable investment opportunity in Panama City Beach's coveted Bahama Beach neighborhood. Situated on the corner of Hutchison Blvd. and Fernwood St., this high-intensity commercially zoned (CH PCB) property enjoys a prime location near thriving new residential and tourist developments, ensuring easy access to major thoroughfares. Its proximity to the Gulf of Mexico—approximately 1200 feet from Beach Access 45—adds significant value. The CH (PCB) zoning allows for a diverse range of uses, including short-term rentals, making it ideal for investors seeking high returns. Additionally, the zoning permits the construction of a single-family dwelling, duplex, or triplex, offering flexibility for residential development. Potential buyers should independently verify all permitted uses with the local Planning and Zoning department and confirm short-term rental details with Code Enforcement. This level lot features light vegetation, simplifying site preparation. Its dimensions are 116.5 ft by 103.5 ft, and its location within a golf cart-friendly neighborhood with multiple beach access points (44-49) within a half-mile radius further enhances its appeal. This rare offering presents a unique chance to capitalize on Panama City Beach's booming real estate market. The asking price is $425,000.

    Property Features for 601 Fernwood St

    General Information

    Property type
    Land

    HighLights

    • $425,000 asking price for a vacant land parcel.
    • .28‑acre (12,058 sq ft) double lot in Panama City Beach, Florida's Bahama Beach neighborhood.
    • High‑intensity commercial zoning (CH PCB) allows for diverse development options, including short‑term rentals (verify with local authorities).
    • Prime location on Hutchison Blvd. and Fernwood St., near new developments and major thoroughfares, offering convenient access.
    • Approximately 1200 feet from beach access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.839693
    Latitude
    30.198529

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    FAQs

    What type of property is this?
    Land - Prime Beachfront Investment Opportunity
    Where is this land located?
    The property is located at 601 Fernwood St Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price for a vacant land parcel.; .28-acre (12,058 sq ft) double lot in Panama City Beach, Florida's Bahama Beach neighborhood.; High-intensity commercial zoning (CH PCB) allows for diverse development options, including short-term rentals (verify with local authorities).
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    601 Fernwood St Panama City Beach, FL 32407
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    Panama City Beach, FL 32407
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    601 Fernwood St Panama City Beach, FL 32407
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