LOT SIZE 3.250 acres
MLS#1006912
STATUSActive
PROPERTY TYPELand - Commercial
SUBDIVISIONPelican Pass
Property Description
Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.
Property Features
Property Type: Land - Commercial
Lot Size: 3.25 Acres
Taxes: $12,265
Feature Descriptions
Days on Site: 5
Financing Terms: Conventional
Lot: Addl Land Available, Cleared, Corner, Irregular, Soil Map, Survey Available
Lot Dimensions: 440.0 x 325.0
Parcel Number: 20154-000-000
Road Frontage: City Road
Road Surface: Paved Road
Sewer: Public Sewer
Special View Info: Bayou, Bay
Sub Type: Vacant Land
Utilities: Electric, Gas - Natural, Lift Station, Phone, Public Water, Sewer Available, TV Cable, Gas Available
Waterfront: Bayou
Local Schools
High School: Bay
Middle School: Jinks
Elementary School: Cherry Street
Listed By / Shown By
Listed By
Agency Name: Counts Real Estate Group Inc
Shown By
Agency Title: Premier Property Group
Agency Phone: 850-337-1555
Estimate Your Payment
Estimated Payment
$ 12,349.63 per month $10,015.05 Principal & Interest $1,022.08 Property Tax $1,312.50 Homeowner's Insurance
305 E Beach Drive | MLS# 1006912
This land located at 305 E Beach Drive, Panama City, FL 32401 is currently listed for sale with an asking price of $4,500,000. The property has approximately 3.25 Acres. Search Panama City real estate on www.premierfl.com today.