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Waterfront Commercial Land
For Sale
$6,500,000

9129 N Lagoon Drive, Panama City Beach, FL 32408

Commercial for Sale, Panama City Beach, FL

Property SizeContact for details
Lot Size7.00 Acres
Days on Market1112

Property Features for 9129 N Lagoon Drive

General Information

Property type Commercial Sale
Property subtype Other
Directions Hwy 98 to Joan Ave head south. Take right onto North Lagoon Drive.
Subdivision 27 - Bay County
Standard status Active
APN 30185-005-000
Lot size 7.00 Acres

Taxes and HOA fees

Tax Description 6 4S 15W -1.C1- COM AT INTERSECTION OF W LINE OF SEC & SLY R/W N LAGOON DR TH SELY 440.47' FOR POB TH CONT SELY 998.38' TO W LINE OF GOVT LOT 4 S 406' TO N EDGE OF GRAND LAGOON TH NWLY,SWLY & NWLY 1260' TO A PT SWLY FROM PT OF BEG TH NELY 238' TO POB LESS PRCL -1.C2- ORB 3609 P 2015
Legal Description 6 4S 15W -1.C1- COM AT INTERSECTION OF W LINE OF SEC & SLY R/W N LAGOON DR TH SELY 440.47' FOR POB TH CONT SELY 998.38' TO W LINE OF GOVT LOT 4 S 406' TO N EDGE OF GRAND LAGOON TH NWLY,SWLY & NWLY 1260' TO A PT SWLY FROM PT OF BEG TH NELY 238' TO POB LESS PRCL -1.C2- ORB 3609 P 2015
Listing Agency: Counts Real Estate Group Inc
Listed By: Cory E Herrman · License #3285407
Added: Aug 28, 2023 Changed: Sep 11 Last Checked: Sep 12 at 9:06AM
MLS# 931581

Copyright © 2026 Emerald Coast 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 7-acre commercial land tract at 9129 N Lagoon Drive offers waterfront positioning along North Lagoon in Panama City Beach. The property is zoned Commercial High Intensity and lies within the Tourist District. Development parameters identified for the site include up to 200 hotel rooms or 74 townhome units, with conceptual renderings available.

The parcel is across from Signal Hill Golf Course and less than 1500 feet from the beach. It includes almost 900 feet along North Lagoon, and topo and boundary surveys are on file.

Key Highlights

  • 7 Acres of commercial land in Panama City Beach
  • Almost 900 feet along North Lagoon
  • Commercial High Intensity zoning within the Tourist District

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Law Firm Electrical Service Building Supply Auto Repair Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

627
Businesses Nearby

Demographics for 32408, FL

17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Tourist District commercial land with Commercial High Intensity zoning and frontage along North Lagoon.
Where is this commercial land located?
The property is located at 9129 N Lagoon Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 7 Acres of commercial land in Panama City Beach; Almost 900 feet along North Lagoon; Commercial High Intensity zoning within the Tourist District
More about this property
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