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    Highway 2297 Panama City, FL 32404

    For Sale
    $1,519,000

    55 Acres, 27 Parcels, Runway Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity encompasses 55.8 acres of prime real estate in Panama City, Florida, within the Sandy Creek Air Park. The property includes a fully entitled platted subdivision featuring 27 parcels, with 17 air park lots (13 directly on the runway), catering to aviation enthusiasts. A significant 29.5-acre parcel offers substantial expansion potential, conveniently located off Hwy 2297. The air park boasts a 3200-foot paved runway equipped with lights and a beacon for night operations. The community comprises 94 residential homesites and three commercial lots, each with direct taxiway access and underground utilities. The Sandy Creek Airpark Owners Association diligently maintains the runway, roads, and taxiways, while an Architectural Control Committee ensures consistent construction quality. A public boat ramp, just two miles away, provides additional recreational access. This development presents a unique blend of residential and commercial opportunities within a thriving aviation community, offering significant potential for growth and return on investment. The property is zoned residential and is owned by Sandt Creek Air Park Holdings, LLC. The asking price is $1,519,000. The property is located at Hwy 2297, Panama City, FL 32404. The airpark uses Multicom Frequency 122.9 (designator 75FL) for communication.

    Property Features for 0 Highway 2297

    General Information

    Property type
    Land
    Lot Size
    2,430,648 SF

    HighLights

    • 23 platted Air Park lots available, including 16+ runway lots and 7 lots with runway access.
    • 29.5‑acre parcel available for future development, fronting Hwy 2297.
    • Multiple commercial parcels along Hwy 2297, plus additional residential lots.
    • Fully entitled platted subdivision with covenants, offering community expansion potential.
    • 3200 ft paved runway with lights and beacon.
    • Runway, roads, and taxiways maintained by the Sandy Creek Airpark Owners Association.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.482476
    Latitude
    30.0983679

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    FAQs

    What type of property is this?
    Land - 55 Acres, 27 Parcels, Runway Access
    Where is this land located?
    The property is located at Highway 2297 Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,519,000.
    What are key features of this property?
    This property features: 23 platted Air Park lots available, including 16+ runway lots and 7 lots with runway access.; 29.5-acre parcel available for future development, fronting Hwy 2297.; Multiple commercial parcels along Hwy 2297, plus additional residential lots.
    Request Owner's contact information
    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

    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
    Highway 2297 Panama City, FL 32404
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