$3,750,000
Panama City, FL 32404
MLS# 729404
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Property Description
Zoning is 2 units per acre. This serene piece of pristine coastline covers 167 acres in Panama City, Florida, with its approx. 7200 ft (1.3 miles) of shoreline on the Intercoastal Waterway. Located a leisurely boat ride away from the Gulf of Mexico, in the East Bay area, this tract of land is ideal for a waterfront community. This amazing parcel of land is one of the best and most stunning pieces of land with deep water accessibility left in Panama City, Florida with huge potential for development. There are engineering and feasibility studies completed in the past and this property could have 173 up to 232 lots per these studies. There is a complete packet of information on file, along with survey, wetland delineations, and lots of photos.
Details
Maps
Contract Info
List Price/Acre: 22455.09
Status: Active
List Date: 2022-07-05
List Price: $3,750,000
Current Price: $3,750,000
Location
Sub Area: 0516 - Bay East - Sandy Creek/East Callaway Heights
Community/Resort: None
Waterfront: Yes
Elementary School: Callaway
Middle School: Everitt
High School: Rutherford
Directions: From Tyndall Parkway, go east on Hwy. 22 approx. 9 miles, then right on Hwy. 2297, follow approx. 12 miles to Allanton Road. Follow to where road makes a 90 degree turn. Property starts at the water's edge and goes approx. 9/10 mile up the road.
Street #: 00
Street Name: Allanton
Street Suffix: Road
Area: 05 - Bay County - East
State: FL
Zip Code: 32404
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 04062-000-000
Legal Description: Property includes 3 parcels: 04062-000-000, 04061-000-000, and 03996-010-000. 21 5S 12W - complete legal attached in documents.
General Property Info
Acreage: 167
Lot Size (SqFt): 7274520
Lot Dimensions: irregular
Beach Frontage: 7188
Sub-Type: Vacant Land
Listing Info, Tax & Legal
HOA Fee: No
Last Taxes: 1000
Last Tax Year: 2021
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Zoning is 2 units per acre. This serene piece of pristine coastline covers 167 acres in Panama City, Florida, with its approx. 7200 ft (1.3 miles) of shoreline on the Intercoastal Waterway. Located a leisurely boat ride away from the Gulf of Mexico, in the East Bay area, this tract of land is ideal for a waterfront community. This amazing parcel of land is one of the best and most stunning pieces of land with deep water accessibility left in Panama City, Florida with huge potential for development. There are engineering and feasibility studies completed in the past and this property could have 173 up to 232 lots per these studies. There is a complete packet of information on file, along with survey, wetland delineations, and lots of photos.
Farm Info
Wooded: 1
Financing
Cash: 1
Conventional: 1
Lot Features
Addl Land Available: 1
Survey Available: 1
Waterfront: 1
Wetlands: 1
Wooded: 1
Waterfront Feature
Shore - Beach: 1
Shore - Natural: 1
Waterfront Feet: 7188
Lot Access
County Road: 1
Dirt/Clay Road: 1
Graded/Maintained: 1
Present Zoning
County: 1
Association Amenities
Waterfront: 1
Utilities
Electricity - Connected: 1
Private Well - Needed: 1
Septic - Needed: 1
Waterview
Bay: 1
Intercoastal Waterwy: 1
Sale Type
As Is: 1
Waterfront Type
Bay/Harbor: 1
Intracoastal Waterway: 1
Property Features
Farm Info: Wooded
Financing: Cash; Conventional
Lot Access: County Road; Dirt/Clay Road; Graded/Maintained
Lot Features: Addl Land Available; Survey Available; Waterfront; Wetlands; Wooded
Sale Type: As Is
Utilities: Electricity - Connected; Private Well - Needed; Septic - Needed
Waterfront Type: Bay/Harbor; Intracoastal Waterway
Waterfront Feature: Shore - Beach; Shore - Natural
Waterview: Bay; Intercoastal Waterwy
Present Zoning: County
Listing Office: Coastal Choice Realty LLC
Last Updated: December - 30 - 2025
Information deemed reliable but not guaranteed.