Waterfront Development Opportunity in
For Sale
$7,500,000
Fonza Road, Panama City, FL 32409
COMMERCIAL - Panama City, FL
Property SizeContact for details
Lot Size231.05 Acres
Days on Market486
Property Features for Fonza Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
County
Subdivision
[No Recorded Subdiv]
Directions
From Lynn Haven, north on Hwy 77, left on Hwy 2302, right on 13th St, left on Newman Point Rd. Land is connected to 13th St and Newman Point Rd.
Standard status
Active
APN
08426-020-000
Lot size
231.05 Acres
Taxes and HOA fees
Tax Description
29/32 2S 14W -2.2- 88 BEG NE COR OF NW1/4 OF SEC 32 TH E 808.59' S 117.34' SE 71.74' E 308.9' N 143' E 120.59' N 981.89' TO S ROW LI OF NEWMAN PT RD TH E ALG SAID ROW LI 57.70' ELY 564.64' TO W ROW LI 13TH S ALG W ROW LI OF 13TH ST 483.61 E 690.01' S 404.59' TO SE COR SEC 29 TH S 164.93' TO N ROW LI OF CUTCHENS RD TH WLY ALG N ROW LI 347.19' WLY 55.08' SWLY 58.32' S
Legal Description
29/32 2S 14W -2.2- 88 BEG NE COR OF NW1/4 OF SEC 32 TH E 808.59' S 117.34' SE 71.74' E 308.9' N 143' E 120.59' N 981.89' TO S ROW LI OF NEWMAN PT RD TH E ALG SAID ROW LI 57.70' ELY 564.64' TO W ROW LI 13TH S ALG W ROW LI OF 13TH ST 483.61 E 690.01' S 404.59' TO SE COR SEC 29 TH S 164.93' TO N ROW LI OF CUTCHENS RD TH WLY ALG N ROW LI 347.19' WLY 55.08' SWLY 58.32' S
Utilities
Water front
1
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(850) 234-6696
Listed By:
Jay W Burkey · License #SL3603671
(850) 866-8459
Added: Apr 15, 2025
Changed: Aug 4
Last Checked: Aug 13 at 1:06AM
MLS# 772017
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 is a rare waterfront development opportunity, encompassing approximately 231 acres with roughly 8,000 feet of natural shoreline on North Bay. Flexible deal structures are available, including seller financing and potential joint venture development partnerships. The seller is actively seeking qualified development partners and is open to creative structuring to bring this site to its highest and best use. The property is strategically located on Bay County's rapidly expanding north side, minutes from Northwest Florida Beaches International Airport, Panama City Beach, and the multi-billion-dollar redevelopment of Tyndall Air Force Base. Adjacent to the established Fanning Bayou subdivision and close to Gulf Coast State College's North Bay Campus, the site is positioned in the path of major regional growth. Previously approved for 218 residential units and a school, the site has utilities nearby and excellent access to infrastructure and major roads. Bay County planning supports new development in this corridor. The property is ideal for residential, mixed-use, institutional, or recreational development. It represents one of the largest contiguous, undeveloped waterfront parcels remaining in the area. With strong regional demand, supportive zoning, and a seller willing to structure a deal creatively, including JV partnerships, this property offers a compelling opportunity for developers and investors looking to capitalize on Northwest Florida's growth.
Key Highlights
- +/-231‑acre waterfront development opportunity with +/-8,000 feet of natural shoreline on North Bay.
- Flexible deal structures including seller financing and potential joint venture (JV) development partnerships.
- Strategically located minutes from Northwest Florida Beaches International Airport, Panama City Beach, and Tyndall Air Force Base redevelopment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 32409, FL
10,394
Population
4,525
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
90%
High-School Grad
126.6 sq mi
ZIP Area
82
Density / Sq Mi
$60,687
Median Household Income
$37,278
Median Earnings
$1,097
Median Rent
$221,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - 231-acre waterfront property with development potential near major landmarks.
Where is this waterfront land located?
The property is located at Fonza Road Panama City, FL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: +/-231‑acre waterfront development opportunity with +/-8,000 feet of natural shoreline on North Bay.; Flexible deal structures including seller financing and potential joint venture (JV) development partnerships.; Strategically located minutes from Northwest Florida Beaches International Airport, Panama City Beach, and Tyndall Air Force Base redevelopment.
