Waterfront Development Land
For Sale
$14,000,000
Clara Avenue, Panama City Beach, FL 32407
LAND - Panama City Beach, FL
Property SizeContact for details
Lot Size124.00 Acres
Days on Market2955
Property Features for Clara Avenue
General Information
Property type
Land
Property subtype
Other
Zoning description
City
Subdivision
No Named Subdivision
Elementary school
Hutchison Beach
Middle school
Surfside
High school
Arnold
Directions
The property is located on West Bay in Panama City Beach, Florida. The primary access is via the new Clara Avenue extension at the signalized intersection of Panama City Beach Parkway. Parcel ''C'' can be accessed via a 30' easement located on the east-end of Moonlight Bay Drive. Agent must accompany.
Standard status
Active
APN
32733-000-000
Lot size
124.00 Acres
Taxes and HOA fees
Tax Description
5 Parcels with long legal descriptions. Bay County Parcel I.D. #'s: 32733-010-000, 32733-000-000, 33996-000-000
Legal Description
5 Parcels with long legal descriptions. Bay County Parcel I.D. #'s: 32733-010-000, 32733-000-000, 33996-000-000
Utilities
Water front
1
Listing Agency:
Counts Real Estate Group Inc
(850) 249-3615
Listed By:
Chris S McCall · License #0666647
(850) 814-9889
Added: Aug 1, 2018
Changed: May 30
Last Checked: Sep 2 at 6:06PM
MLS# 675020
Copyright © 2026 Central Panhandle 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 124-acre waterfront land offering on West Bay includes three parcels, with shoreline frontage on West Bay and an interior parcel. The property is accessed via Moonlight Bay Drive and also has primary access via the Clara Avenue extension, described as a 100' right of way that is paved close to the south property line. The sellers will not subdivide.
The land has been annexed into the City of Panama City Beach and is zoned P.U.D. & Conservation. The listing notes over 1,200 feet of waterfrontage on West Bay with expansive views across the bay, and it is located near the Colony Club & Trieste neighborhoods and the Legacy Golf Club (f/k/a Holiday Golf Course).
Conceptual site plans, wetlands delineation, surveys, and maps are attached. The listing identifies the highest-and-best use as residential and/or resort, and the property is described as a single combined offering.
The land has been annexed into the City of Panama City Beach and is zoned P.U.D. & Conservation. The listing notes over 1,200 feet of waterfrontage on West Bay with expansive views across the bay, and it is located near the Colony Club & Trieste neighborhoods and the Legacy Golf Club (f/k/a Holiday Golf Course).
Conceptual site plans, wetlands delineation, surveys, and maps are attached. The listing identifies the highest-and-best use as residential and/or resort, and the property is described as a single combined offering.
Key Highlights
- 124‑acre property on West Bay in Panama City Beach ("The Oak Grove on West Bay") with over 1,200 ft of waterfrontage.
- 3‑parcel configuration: 59.9 acres on West Bay, 60.1‑acre interior parcel, and 4.4‑acre parcel on West Bay.
- Primary access via Clara Avenue extension through a 100' right of way, paved close to the south property line; also accessed via Moonlight Bay Drive.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 32407, FL
14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - 124-acre waterfront property on West Bay with over 1,200 feet of shoreline, zoned P.U.D. & Conservation and annexed into the city.
Where is this waterfront land located?
The property is located at Clara Avenue Panama City Beach, FL.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 124‑acre property on West Bay in Panama City Beach ("The Oak Grove on West Bay") with over 1,200 ft of waterfrontage.; 3‑parcel configuration: 59.9 acres on West Bay, 60.1‑acre interior parcel, and 4.4‑acre parcel on West Bay.; Primary access via Clara Avenue extension through a 100' right of way, paved close to the south property line; also accessed via Moonlight Bay Drive.
