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    9129 Lagoon Dr Panama City Beach, FL 32408

    For Sale
    $6,500,000

    7-acre commercial lot, high-intensity zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 7-acre commercial property, located at 9129 N Lagoon Drive in Panama City Beach, Florida (zip code 32408), presents a unique investment opportunity. Boasting a substantial 304,920 square foot lot size, this prime location sits directly across from the Signal Hill Golf Course and offers nearly 900 feet of frontage along North Lagoon Drive. Its proximity to the beach (less than 1500 feet) places it within the heart of Panama City Beach's thriving tourist district. The property is zoned Commercial High Intensity, allowing for significant development potential. Conceptual renderings are available to illustrate the possibilities, which include up to 200 hotel rooms or 74 townhome units. Detailed topographical and boundary surveys are also on file for review. This is an unparalleled chance to acquire a large, strategically positioned parcel in a high-demand area, ideal for a hotel, multifamily development, or resort. The asking price for this exceptional property is $6,500,000. Don't miss this opportunity to capitalize on the vibrant Panama City Beach market.

    Property Features for 9129 Lagoon Dr

    General Information

    Property type
    Specialty properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -85.7936415
    Latitude
    30.173157

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    FAQs

    What type of property is this?
    Specialty property - 7-acre commercial lot, high-intensity zoning.
    Where is this specialty property located?
    The property is located at 9129 Lagoon Dr Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    Request Owner's contact information
    9129 Lagoon Dr Panama City Beach, FL 32408
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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
    9129 Lagoon Dr Panama City Beach, FL 32408
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