11740 Poston Rd Panama City, FL 32404

Property Details for 11740 Poston Rd

Lot size

60.12 lot acres

Property type

Commercial real estate

APN

07390-020-000

Description

This exceptional 60.12-acre property in Panama City, Florida (APN: 07390-020-000), presents a unique investment opportunity. Comprising 190 undeveloped residential lots within the East Bay Plat, this land boasts prime waterfront access to Cook's Bayou, leading to St. Andrew's Bay, the Intracoastal Waterway, and the Gulf of Mexico. The property's strategic location offers convenient proximity to amenities, including a Super Walmart (10 minutes away) and Tyndall Air Force Base (20 minutes away). Significant infrastructure improvements are underway in the area, including the construction of the Gulf Coast Parkway, designed to alleviate traffic congestion around Tyndall AFB. This development is expected to further enhance the property's value and desirability. All 190 lots have pre-paid water and sewer impact fees totaling $5,502 each. This offering also includes the option to purchase separately seven finished lots from Phase 1, a six-acre marina site featuring a 3,300 square foot cedar-sided clubhouse, and a 2.72-acre marina/boat storage site. The City of Callaway's projected growth, fueled by Eastern Shipbuilding's substantial Coast Guard Cutter contract and Tyndall AFB's expanded missions, positions this property for substantial long-term appreciation. The property is zoned for residential development and offers significant potential for both immediate and future returns. The asking price for this expansive parcel is $1,638,000. This is a rare opportunity to acquire a large-scale waterfront development in a rapidly growing area.