$4,500,000
Panama City, FL 32401
MLS# 792107
1 / 20
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.
Details
Maps
Contract Info
List Price/Acre: 1384615.38
Status: Active
List Date: 2026-07-01
List Price: $4,500,000
Current Price: $4,500,000
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: Yes
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Downtown Panama City at the intersection of Harrison Avenue and East Beach Drive, travel east on Beach Drive, cross the Tarpon Dock Bridge over Massalina Bayou. The property is located on east side of Massalina Bayou at the base of the bridge to include all the way to the northwest corner of East 2nd Street
Street #: 305
Street Direction: E
Street Name: Beach
Street Suffix: Drive
Area: 02 - Bay County - Central
State: FL
Zip Code: 32401
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 20154-000-000
Legal Description: 9 4S 14W -1- 70A ALL THAT PART OF NW1/4 OF SW1/4 LYING S & E OF MASSALINA BAYOU LESS DAVIS PLATS & LESS PCLS -1.1- & -1.2 SUBJ TO CONS ESMT OR3108 P1693 SUBJ TO CONS ESMT OR3108 P1714 ORB 4754 P 1342
General Property Info
Acreage: 3.25
Lot Size (SqFt): 141439
Lot Dimensions: 440.0 ft x 325.0 ft
Beach Frontage: 650
Sub-Type: Vacant Land
Listing Info, Tax & Legal
HOA Fee: No
Is Subject Leased: No
New Buyer Fee: No
Last Taxes: 12265.5
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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.
Office/Member Info
Seller Concessions: No
Assumable Mtg Typ
Conventional: 1
Financing
Cash: 1
Conventional: 1
Lot Features
Aerials/Topo Availbl: 1
Cleared: 1
Corner Lot: 1
Irregular: 1
Site Plan: 1
Soil Test: 1
Survey Available: 1
Topographical Survey: 1
Waterfront: 1
Waterfront Feature
Shore - Beach: 1
Shore - Natural: 1
Shore - Rip Rap: 1
Shore - Seawall: 1
Other - See Remarks: 1
Lot Access
City Street: 1
Paved Road: 1
Present Zoning
City: 1
Commercial: 1
Resid Multi-Family: 1
Resid Single Family: 1
Other - See Remarks: 1
Utilities
TV Cable: 1
Electric - 220/240: 1
Electric - On-Site: 1
Electric-3 Phase: 1
Natural Gas - Available: 1
Internet - Broadband Available: 1
Lift Station: 1
Phone - Connected: 1
Public Sewer Available: 1
Water Connected: 1
Waterview
Bay: 1
Bayou: 1
Sale Type
As Is: 1
Other - See Remarks: 1
Waterfront Type
Bayou w/ Gulf Access: 1
See Remarks: 1
Property Features
Assumable Mtg Typ: Conventional
Financing: Cash; Conventional
Lot Access: City Street; Paved Road
Lot Features: Aerials/Topo Availbl; Cleared; Corner Lot; Irregular; Site Plan; Soil Test; Survey Available; Topographical Survey; Waterfront
Sale Type: As Is; Other - See Remarks
Utilities: Electric - 220/240; Electric - On-Site; Electric-3 Phase; Natural Gas - Available; Internet - Broadband Available; Lift Station; Phone - Connected; Public Sewer Available; Water Connected; TV Cable
Waterfront Type: Bayou w/ Gulf Access; See Remarks
Waterfront Feature: Shore - Beach; Shore - Natural; Shore - Rip Rap; Shore - Seawall; Other - See Remarks
Waterview: Bay; Bayou
Present Zoning: Commercial; Resid Multi-Family; Resid Single Family; Other - See Remarks
Listing Office: Counts Real Estate Group Inc
Last Updated: July - 01 - 2026
Information deemed reliable but not guaranteed.