Panama City, FL Waterfront Land for Sale

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156 properties

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Updated: Jul 6

Waterfront Quadplex

405 Massalina Drive, Panama City, FL 32401

$865,000

2,988 sqft 0.14 AC lot

Quadplex with four apartments and a fully furnished carriage house
2,988 square feet on a 0.14‑acre site
7 bedrooms and 6 bathrooms
Massalina Bayou waterfront with direct water views and a seawall
Shared dock with fish cleaning station and boat parking

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Updated: Jan 1

Waterfront Office Building

220 Mckenzie Avenue, Panama City, FL 32401

$2,950,000

10,157 sqft 1.10 AC lot

10,157‑square‑foot, two‑story office building on 1.1 acres
18 private offices, 2 conference rooms, law library, reception, and administrative workspace
Approximately +/-550 linear feet of waterfront on Massalina Bayou
Submerged land lease in‑place with deep‑water dock space, pier, and wooden dock
Renovated in 2019 with impact windows and doors, roof, HVAC systems, and flooring

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Entitled Waterfront Development Site

305 E Beach Drive, Panama City, FL 32401

$4,500,000

3.25 AC lot

Entitled waterfront development land with direct Massalina Bayou frontage and a recorded, assignable development agreement.

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See what stands out in Bay County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Updated Waterfront Triplex

6722 S Lagoon Dr, Panama City, FL 32408

$1,100,000

2,720 sqft

Three-unit waterfront property with two boat slips and a boat lift.

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Entitled Waterfront Development Land

305 E Beach Drive, Panama City, FL 32401

$4,500,000

3.25 AC lot

Entitled waterfront site with direct Massalina Bayou frontage and recorded, assignable development agreement in MU-3 zoning.

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Entitled Waterfront Land

305 E Beach Drive, Panama City, FL 32401

$4,500,000

3.25 AC lot

MU-3 zoning and a recorded development agreement provide vested rights for residential and marina development.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Waterfront Land With Mixed-Use Zoning

6135 E Highway 98, Panama City, FL 32404

$490,000

0.75 AC lot

Mixed-use zoning combines with East Bay shoreline access and nearby parks, dining, and marina amenities.

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Waterfront Home Lot Land Parcels

2718 SAND FLEA St, Panama City, FL 32404

$775,000

107.00 AC lot

Multiple parcels for up to 31 single-family home lots within a waterfront community with common dock access.

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Waterfront Land with Double Garage

6135 E Highway 98, Panama City, FL 32404

$490,000

0.75 AC lot

Mixed-use zoning and public sewer accompany an improved bayfront parcel with an oversized double garage.

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Cleared Waterfront Land

3627 Delwood Beach Road, Panama City, FL 32408

$2,250,000

1.69 AC lot

Cleared, filled waterfront parcel with an existing seawall and shared driveway access.

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Private Waterfront Residential Lot

8916 N Lagoon Drive, Panama City, FL 32408

$699,900

0.48 AC lot

Vacant waterfront homesite with public utilities and approved dock and seawall for coastal building plans.

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Deep-Water Canal Homesite Land

1420 Trout Drive, Panama City, FL 32408

$539,000

0.20 AC lot

Build-ready waterfront lot in Bay Point with utilities installed and a boat lift for direct deep-water access to the Gulf.

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Waterfront Homesite in Gated Community

3536 Preserve Boulevard, Panama City, FL 32408

$1,500,000

0.83 AC lot

Vacant waterfront lot within The Preserve gated community, offering 100 feet of frontage and 0.83 acres for development.

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Waterfront Land on Emerald Coast

1442 W Park Drive, Panama City, FL 32404

$695,000

2.03 AC lot

Six platted waterfront home sites with deep-water shoreline.

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Waterfront Land with Gulf Access

3030 W 27th Court, Panama City, FL 32405

$620,000

0.46 AC lot

Build-ready waterfront land in Kings Point with direct Gulf access for quick trips to Shell Island.

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Waterfront Land in Panama City, FL

1248 W Beach Drive, Panama City, FL 32401

$685,000

0.47 AC lot

Waterfront land to build your dream home with stunning views.

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Entitled Waterfront Development Site

305 E Beach Drive, Panama City, FL 32401

$4,500,000

3.25 AC lot

Entitled waterfront development land with an assignable development agreement for residential and marina uses along Massalina Bayou.

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Waterfront Development Land

1025 Hwy 2297, Panama City, FL 32404

$12,000,000

283.00 AC lot

Large waterfront tract with bay access, upland areas, and Conservation Habitation zoning supporting planned development.

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Waterfront Land with Lake Shoreline

Lot 39 Powell Ave, Panama City, FL 32401

$1,000,000

5.58 AC lot

5.58-acre waterfront lot on Powell Lake with approximately 300 feet of shoreline, positioned between Watersound Origins and Wild Heron.

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Waterfront Land with Deep-Water Shoreline

1442 W Park Drive, Panama City, FL 32404

$695,000

2.03 AC lot

Platted waterfront home sites with stubbed utilities and shared site improvements.

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Waterfront Land in Kings Point

3030 W 27th Court, Panama City, FL 32405

$620,000

0.50 AC lot

Waterfront land with direct gulf access and sunset views.

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Waterfront Residential Land with Bay Access

1108 W Beach Drive, Panama City, FL 32401

$1,099,000

1.18 AC lot

Single-family zoned, street-to-street waterfront homesite with deeded Bay access, 132 feet of frontage, and no HOA.

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Waterfront Land in Panama City

000 Plantation Drive, Panama City, FL 32404

$650,000

1.49 AC lot

1.49-acre waterfront lot with direct water access, no HOA.

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Waterfront Lot in Panama City

Hwy 2297, Panama City, FL 32404

$500,000

1.67 AC lot

Spacious waterfront lot with Gulf access in East Bay.

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Panama City, FL Waterfront Land Market Trends and Statistics

Explore 156 waterfront land for sale in Panama City, FL, showcased through 156 active listings on our real estate platform. These investment opportunities span a total of 94,394,321 square feet of properties for sale, with an estimated market value of $139,610,496.

Sale prices for water rights properties in Panama City, FL start at $34,900, averaging $983,172, and reaching up to $12,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 154K

Population Growth (5Y) +1,132.7%

Median Household Income $71,237

College Educated 29.8%

High-Yield Neighborhoods for Investment

Identify Panama City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Panama City Beach - 32413	$105K
Panama City - 32401	$856.6K

Taxes & Financing

Tax Rate (average for all types) 1.42%

Property Tax per SF $28.37 per SF

Tax Rate vs County Average 0.07 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Bay County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Bay County

Retail

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Panama City fall within the 1 to 5 acres range.

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Panama City, FL Waterfront Land for Sale

405 Massalina Drive, Panama City, FL 32401

220 Mckenzie Avenue, Panama City, FL 32401

305 E Beach Drive, Panama City, FL 32401

6722 S Lagoon Dr, Panama City, FL 32408

305 E Beach Drive, Panama City, FL 32401

305 E Beach Drive, Panama City, FL 32401

6135 E Highway 98, Panama City, FL 32404

2718 SAND FLEA St, Panama City, FL 32404

6135 E Highway 98, Panama City, FL 32404

3627 Delwood Beach Road, Panama City, FL 32408

8916 N Lagoon Drive, Panama City, FL 32408

1420 Trout Drive, Panama City, FL 32408

3536 Preserve Boulevard, Panama City, FL 32408

1442 W Park Drive, Panama City, FL 32404

3030 W 27th Court, Panama City, FL 32405

1248 W Beach Drive, Panama City, FL 32401

305 E Beach Drive, Panama City, FL 32401

1025 Hwy 2297, Panama City, FL 32404

Lot 39 Powell Ave, Panama City, FL 32401

1442 W Park Drive, Panama City, FL 32404

3030 W 27th Court, Panama City, FL 32405

1108 W Beach Drive, Panama City, FL 32401

000 Plantation Drive, Panama City, FL 32404

Hwy 2297, Panama City, FL 32404

Panama City, FL Waterfront Land Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

Residential Income

Property Size Breakdown

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