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    Waterfront Land on Allanton Bluff Title is generated by Realmo AI

    Hotelan Bluff Road, Panama City, FL 32404

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    Claim this Listing
    For Sale
    $295,000

    LAND - Panama City, FL

    Lot size:
    2.29 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for Hotelan Bluff Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03961-050-000
    Lot size
    2.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    3-5S-12W -2.6- 209 BEG 2295.81' E & 500' N OF SW COR OF S1/2 ORIG LOT 3 TH E TO THE WATER'S EDGE OF SANDY CREEK AKA S LINE OF PRCL FROM POB TH N 250' E TO WATER'S EDGE OF SANDY CREEK SWLY ALG CREEK TO INTERSECT OF S LINE ORB 1134 P 1957
    Tax Annual Amount
    365

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed
    Water front
    1

    We can help!

    Listing Contact
    Dennis M Dunnigan

    Listing agent Dennis M Dunnigan License #3316049

    Listing office Coastal Choice Realty LLC 2195 Jenks Ave Unit C, Panama City, FL

    Listing date Mar 12, 2026

    MLS# 786806 Listing URL

    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.

    HighLights

    • 2.29 acre waterfront lot on a bluff overlooking the intercoastal waterway.
    • Approximately 300 ft of water frontage.
    • Enjoy deep water access suitable for various boat sizes, kayaking, and canoeing.
    • Excellent fishing location with short boat ride to East Bay and Tyndall Bridge.
    • Zoning (CSVH) allows for residential use.
    • Secluded location in Allanton, ideal for a dream home or private getaway.

    Overview

    This 2.29-acre waterfront lot is situated on a bluff overlooking the intercoastal waterway in eastern Bay County, in the Allanton area. The location is suitable for building a dream home or private getaway. The water is deep, providing access to East Bay and the Tyndall Bridge via a short boat ride. The area is suited for fishing, kayaking, canoeing, and boating. The lot features approximately 300 feet of water frontage. The zoning is Bay County Conservation Habitation (CSVH), which allows for residential uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.438414
    Latitude
    30.080425

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    FAQs

    What type of property is this?
    Waterfront Land - 2.29 acre waterfront lot in eastern Bay County.
    Where is this waterfront land located?
    The property is located at Hotelan Bluff Road Panama City, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 2.29 acre waterfront lot on a bluff overlooking the intercoastal waterway.; Approximately 300 ft of water frontage.; Enjoy deep water access suitable for various boat sizes, kayaking, and canoeing.
    (850) 258-3880
    We can help!
    Listing Contact
    Dennis M Dunnigan
    Real Estate License ID: 3316049
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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