$7,500,000
Vernon, FL 32462
MLS# 771508
1 / 26
Property Description
DEVELOPMENT OPPORTUNITY!! Build a new City! Approximately 240 acres on the newly 4 laned FL HWY 79, a major route into Panama City Beach, FL. Hwy 79 goes through the brand new LATITUDE MARGARITAVILLE, WATERSOUND, FLORIDA, with approximately 150,000 planned homes, 2000 of which have already sold. This development is less than 30 minutes away. This 240 acre tract has approximately 1/2 mile of frontage BOTH SIDES of FL HWY 79, AND approximately 1/2 mile of frontage on Washington County Hwy 279 (Pate Pond Rd), PLUS approximately 1/2 mile of frontage on the Canoe Lovers Holmes Creek. Previous development efforts led to agreements between The City of Vernon, FL and Washington County, FL to cooperate in development with commercial, medium density and high density land uses.
Details
Maps
Contract Info
List Price/Acre: 31250
List Type: Exclusive Right of Sale
List Date: 2025-04-02
List Price: $7,500,000
Current Price: $7,500,000
Sub-Type: Land/Acres
Location, Tax & Legal
Sub Area: 1003 - Washington SW
Community/Resort: None
Waterfront: Yes
Section: 25 & 26
Township: 3
Range: 15
Elementary School: Vernon Elementary
Middle School: Vernon
High School: Vernon
Directions: Just North of the Holmes Creek Bridge on Florida State Highway 79, Vernon, Florida. The property lies within the fork of Florida Hwy 79 and Washington County Hwy 279 (Pate Pond Rd) and along the east side of FL ST Hwy 79.
HOA Fee: No
Street #: 2839
Street Name: Highway 79
State: FL
Zip Code: 32462
County: Washington
Area: 10 - Washington County
Subdivision: No Named Subdivision
Parcel ID: 00000000-00-4625-0000
Legal Description: 3 Parcel Numbers -4625-0000, -4603-0000, -4632-0000. Large Legal
General Property Info
Acreage: 240
Lot Size (SqFt): 10454400
Frontage Feet: 7600
Is Subject Leased: No
Remarks & Misc
Remarks: DEVELOPMENT OPPORTUNITY!! Build a new City! Approximately 240 acres on the newly 4 laned FL HWY 79, a major route into Panama City Beach, FL. Hwy 79 goes through the brand new LATITUDE MARGARITAVILLE, WATERSOUND, FLORIDA, with approximately 150,000 planned homes, 2000 of which have already sold. This development is less than 30 minutes away. This 240 acre tract has approximately 1/2 mile of frontage BOTH SIDES of FL HWY 79, AND approximately 1/2 mile of frontage on Washington County Hwy 279 (Pate Pond Rd), PLUS approximately 1/2 mile of frontage on the Canoe Lovers Holmes Creek. Previous development efforts led to agreements between The City of Vernon, FL and Washington County, FL to cooperate in development with commercial, medium density and high density land uses.
Financing
Cash: 1
Waterfront Feature
Shore - Natural: 1
Lot/Parcel Access
County Road: 1
State Highway: 1
Present Zoning
Agriculture: 1
Commercial: 1
Utilities
Electricity - Connected: 1
Septic - Needed: 1
Well - Needed: 1
Waterview
Lake: 1
River: 1
Sale Type
As Is: 1
Waterfront Type
River w/ Gulf Access: 1
TransportationAccess
2 - Lane: 1
4 - Lane: 1
County Road: 1
Divided Highway: 1
Median Cut: 1
Paved: 1
State Road: 1
Status Change Info
Status: Active
Property Features
TransportationAccess: 2 - Lane; 4 - Lane; County Road; Divided Highway; Median Cut; Paved; State Road
Financing: Cash
Sale Type: As Is
Utilities: Electricity - Connected; Septic - Needed; Well - Needed
Waterfront Type: River w/ Gulf Access
Waterfront Feature: Shore - Natural
Present Zoning: Agriculture; Commercial
Waterview: Lake; River
Listing Office: Coldwell Banker Realty
Last Updated: January - 12 - 2026
Information deemed reliable but not guaranteed.