Walton County, FL Waterfront Land for Sale

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Updated: Jan 1

Waterfront Class A Law Office

220 Mckenzie Avenue, Panama City, FL 32401

$2,950,000

10,157 sqft 1.10 AC lot

10,157 SF, two‑story Class A law office building built in 1986 on 1.1 acres
Adjacent to the Bay County Courthouse on Massalina Bayou (less than 300' up McKenzie Avenue)
Masonry construction with brick veneer and large windows; includes extensive wood moldings, paneling, and trim
Interior layout features 18 private offices, 2 conference rooms, law library, open office, administration workspace, breakroom, and reception
Renovated in 2019 after Hurricane Michael with storm‑rated impact windows/doors, new roof, new HVAC, and new flooring

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220 Mckenzie Avenue, Panama City, FL 32401

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Est. Cap Rate

4.3%
NOI ÷ price
Est. NOI

$128K
Annual
Mortgage

$1.28M
Jun 2016
Last Sold

Jul 2025
$625K
Property Type

Commercial Office (General)
Built 1986

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Updated: Mar 20

Gulf-Front Mixed-Use Land Parcel

5403 Gulf Drive, Panama City, FL 32408

$1,820,000

0.29 AC lot

Prime Gulf‑front property on Panama City Beach
Unmatched visibility and walkability due to its location directly beside public beach access #7
Zoned mixed‑use, allowing for a wide range of development possibilities
No HOA restrictions
Cleared 0.29‑acre parcel ready for development

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Waterfront Mixed-Use Development Land

6135 E Highway 98, Panama City, FL 32404

$500,000

0.75 AC lot

Waterfront land with mixed-use zoning, East Bay shoreline, and highway frontage for flexible residential or commercial concepts.

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Waterfront Property with Dock

9927 Bedgood Road, Panama City, FL 32409

$837,500

3,667 sqft

Waterfront home with direct Gulf access, two docks, and a separate income-producing 1 bed/1 bath cottage.

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Waterfront Mixed-Use Development Land

6135 E Highway 98, Panama City, FL 32404

$500,000

0.75 AC lot

Approximately 0.75-acre waterfront parcel with 90 feet of East Bay shoreline and Mixed-Use zoning.

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Gulf and Lake View Land

9 & 10 W County Highway 30A, Santa Rosa Beach, FL 32459

$2,800,000

0.62 AC lot

High-and-dry land in Flood Zone X with discreet rear access and proximity to Ft. Panic Beach Access.

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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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Waterfront Land with 150-Frontage

1185 North County Highway 393, Santa Rosa Beach, FL 32459

$230,000

14,810 sqft 0.34 AC lot

Oversized waterfront lot with mature trees, direct bay access, and approximately 150 feet of water frontage.

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Bayfront Residential Homesite

Bahia Vista Drive lot: 42, Santa Rosa Beach, FL 32459

$575,000

0.19 AC lot

Residentially zoned bayfront lot with water views and included spec plans for streamlined home design.

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Waterfront Land on Hogtown Bayou

Harley Road, Santa Rosa Beach, FL 32459

$650,000

0.38 AC lot

0.4-acre waterfront homesite with 250+ feet on Hogtown Bayou.

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Waterfront Land with Private Dock

291 Old Beach Road, Santa Rosa Beach, FL 32459

$10,000,000

4,784 sqft

Waterfront homesite with 245+ feet combined frontage and a private dock/boardwalk to Draper Lake and Gulf views.

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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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Shovel-Ready Waterfront Estate Lot

24 Woodland Bayou Drive, Santa Rosa Beach, FL 32459

$1,195,000

1.08 AC lot

Shovel-ready waterfront parcel on Hogtown Bayou with a newly installed seawall and permits already secured for development.

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Waterfront Homesite with Bay Views

4152 Belcourt Drive, Destin, FL 32541

$2,400,000

33,105 sqft

Waterfront land in a gated community with rental restrictions and prominent bay frontage for a custom home build.

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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 Development Site

305 E Beach Drive, Panama City, FL 32401

$4,500,000

3.25 AC lot

Entitled mixed-use waterfront land with direct Massalina Bayou frontage and recorded development agreement.

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Bayou-Front Homesite in Santa Rosa

Lot 4 Bay Magnolia Lane, Santa Rosa Beach, FL 32459

$810,000

19,166 sqft 0.44 AC lot

Waterfront property with boat access, ideal for coastal retreat.

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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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Coastal Homesite with Bay Access

Lot 35 East Georgie Street, Santa Rosa Beach, FL 32459

$215,000

7,405 sqft

Homesite in Magnolia Beach with no HOA, no wetlands, and no mapped flood zone per GIS, plus community amenities.

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Waterfront Homesite in Eden Bay

Adair lot: 9, Santa Rosa Beach, FL 32459

$550,000

0.61 AC lot

Waterfront land with bay views and mature trees.

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Waterfront Class A Law Office Building

220 Mckenzie Ave, Panama City, FL 32401

$2,950,000

10,157 sqft 1.10 AC lot

Two-story masonry office building with impact windows and renovated HVAC, plus deep-water dock access on Massalina Bayou.

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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 with Two Lots

Lot 10-11 Ash Street, Santa Rosa Beach, FL 32459

$450,000

16,552 sqft

Oversized waterfront land offered as two lots in one, located along 30A near the beach with no HOA.

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Waterfront Land with Existing Home

2554 Bay Grove Road, Freeport, FL 32439

$799,000

0.27 AC lot

Waterfront parcel in Freeport with approximately 60 feet of bay frontage and a 2-bedroom, 2-bath home.

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Walton County, FL Waterfront Land Market Trends and Statistics

Explore 250 waterfront land for sale in Walton County, FL, showcased through 250 active listings on our real estate platform. These investment opportunities span a total of 67,991,488 square feet of properties for sale, with an estimated market value of $300,636,887.

Sale prices for water rights properties in Walton County, FL start at $35,000, averaging $1,252,653, and reaching up to $29,700,000 — 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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