306 Moonlight Bay Drive
Panama City Beach, FL 32407
MLS# 783658
Property DescriptionTRANQUIL BAYFRONT OPPORTUNITY | 101.1' OF WEST BAY FRONTAGE WITH GULF ACCESS
Discover a rare opportunity to create your legacy home at 306 Moonlight Bay Drive, a serene bayfront homesite nestled along the peaceful shores of West Bay in Panama City Beach, Florida.
This exceptional parcel offers 101.1 feet of bay frontage and is protected by a fortified seawall already in place, providing long-term shoreline stability while preserving the natural beauty of the property. The surrounding slow-moving saltwater marsh creates a calming, nature-rich setting—one of the Emerald Coast's most beautiful and quietly treasured environments.
Located within a designated West Bay sector plan, the area's natural resources are intentionally preserved and protected, enhancing both lifestyle and long-term value. From your future dock, enjoy a scenic 25-minute boat ride to the turquoise waters of the Gulf of Mexico, offering the rare advantage of both sheltered bay boating and easy Gulf access.
Despite its peaceful setting, the property is conveniently located near the best of Panama City Beach living, including shopping, dining, golf, and world-renowned white-sand beaches. This unique balance of privacy, accessibility, and natural beauty makes the property ideal for a custom waterfront estate or tranquil coastal retreat.
Opportunities like this—bayfront, buildable, and protected—are increasingly rare along West Bay. 306 Moonlight Bay Drive offers the chance to secure a truly special waterfront setting and build something lasting in one of Northwest Florida's most serene bayfront communities.
List Price/Acre: 1716417.91
Status: Active
List Date: 2026-01-16
List Price: $1,150,000
Current Price: $1,150,000
Sub Area: 0321 - Beach - North Central
Community/Resort: Colony Club
Waterfront: Yes
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Take Panama City Beach Parkway going East from Pier Park, turn left onto Nautilus Street, then make a right onto Fair Way Circle, turn left onto Fair Way Blvd., then turn left onto Moonlight Bay Drive. You will see the lot between 304 and 308 Moonlight Bay Drive.
Street #: 306
Street Name: Moonlight Bay
Street Suffix: Drive
Area: 03 - Bay County - Beach
State: FL
Zip Code: 32407
County: Bay
Subdivision: Colony Club Hrbr Ph 1
Parcel ID: 32736-022-000
Legal Description: COLONY CLUB HARBOUR PHASE I LOT 21 MAP 37A ORB 1460 P 578
Acreage: 0.67
Lot Size (SqFt): 29185
Lot Dimensions: Approximately 101.1 x 272.9 x 101.1 x 279.2
Beach Frontage: 101
Sub-Type: Residential Lots
HOA Fee: No
Last Taxes: 2430
Last Tax Year: 2025
As Is: Yes
Remarks: TRANQUIL BAYFRONT OPPORTUNITY | 101.1' OF WEST BAY FRONTAGE WITH GULF ACCESS
Discover a rare opportunity to create your legacy home at 306 Moonlight Bay Drive, a serene bayfront homesite nestled along the peaceful shores of West Bay in Panama City Beach, Florida.
This exceptional parcel offers 101.1 feet of bay frontage and is protected by a fortified seawall already in place, providing long-term shoreline stability while preserving the natural beauty of the property. The surrounding slow-moving saltwater marsh creates a calming, nature-rich setting—one of the Emerald Coast's most beautiful and quietly treasured environments.
Located within a designated West Bay sector plan, the area's natural resources are intentionally preserved and protected, enhancing both lifestyle and long-term value. From your future dock, enjoy a scenic 25-minute boat ride to the turquoise waters of the Gulf of Mexico, offering the rare advantage of both sheltered bay boating and easy Gulf access.
Despite its peaceful setting, the property is conveniently located near the best of Panama City Beach living, including shopping, dining, golf, and world-renowned white-sand beaches. This unique balance of privacy, accessibility, and natural beauty makes the property ideal for a custom waterfront estate or tranquil coastal retreat.
Opportunities like this—bayfront, buildable, and protected—are increasingly rare along West Bay. 306 Moonlight Bay Drive offers the chance to secure a truly special waterfront setting and build something lasting in one of Northwest Florida's most serene bayfront communities.
Electricity - Connected: 1
Garbage: 1
Financing: Cash; Conventional
Utilities: Electricity - Connected; Garbage; Sewer Available
Waterfront Type: Bay/Harbor
Waterfront Feature: Shore - Seawall
Present Zoning: Resid Single Family
Listing Office: Linda Miller Real Estate
Last Updated: January - 16 - 2026
Information deemed reliable but not guaranteed.