$549,000
Panama City Beach, FL 32413
MLS# 795231
1 / 21
Property Description
ATTENTION FLORIDA INVESTORS & DEVELOPERS -- 3.69± ACRES NEAR THE BEACH, PIER PARK & PIRATES VOYAGE ATTENTION FLORIDA INVESTORS AND DEVELOPERS! Here is an opportunity to secure approximately 3.69 contiguous acres in one of Panama City Beach's quickly growing corridors--less than one mile from the beach and near Pier Park, Panama City Beach Parkway and Dolly Parton's Pirates Voyage Dinner & Show. Three adjoining parcels are being offered together for $549,000. The property has a Residential future land-use designation and current Bay County R-2 zoning, creating potential for a residential subdivision, townhome community or other residential development concept, subject to governmental approval and development requirements. Here are the numbers: recent nearby 0.07-acre residential lots sold for approximately $52,500 to $55,000, averaging about $53,333 per lot. At a conservative future retail value of $50,000 per finished lot, a conceptual 26-lot development would represent approximately $1.3 million in gross lot sales. A conceptual 31-lot development would represent approximately $1.55 million, while 36 lots could represent approximately $1.8 million in gross sales. These figures are illustrations only and are not representations of an approved lot count or guaranteed return. Actual yield and profitability will depend on zoning requirements, density, lot dimensions, access, roads, utilities, drainage, stormwater, wetlands, floodplain conditions, permitting and development expenses. Develop now or hold while continued residential, commercial and tourism investment expands throughout the Panama City Beach corridor. Large contiguous tracts this close to the Gulf and major attractions are increasingly difficult to find. Portions of the property appear to be within FEMA Flood Zone A. Buyers should complete independent due diligence and verify zoning, allowable density, flood designation, wetlands, utilities and suitability for their intended use.
Details
Maps
Contract Info
List Price/Acre: 148780.49
Status: Active
List Date: 2026-09-10
List Price: $549,000
Current Price: $549,000
Location
Sub Area: 0322 - Beach - North West
Community/Resort: None
Waterfront: No
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: Head West on Highway 98 towards Inlet Beach. Take a right on Malaga, the property is on your left.
Street #: 641
Street Name: Malaga
Street Suffix: Place
Area: 03 - Bay County - Beach
State: FL
Zip Code: 32413
County: Bay
Subdivision: Sand Dollar Estates
Parcel ID: 37252-760-000
Legal Description: SAND DOLLAR ESTATE 20C2 TRACT A &
SAND DOLLAR ESTATES 20C1 LOT 23 BLK A &
SAND DOLLAR ESTATES 20C1 LOT 24 BLK A ORB 1760 P 1799
General Property Info
Acreage: 3.69
Lot Size (SqFt): 160736
Lot Dimensions: Irregular
Sub-Type: Residential Lots
Listing Info, Tax & Legal
HOA Fee: No
Last Taxes: 9.61
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: ATTENTION FLORIDA INVESTORS & DEVELOPERS -- 3.69± ACRES NEAR THE BEACH, PIER PARK & PIRATES VOYAGE
ATTENTION FLORIDA INVESTORS AND DEVELOPERS! Here is an opportunity to secure approximately 3.69 contiguous acres in one of Panama City Beach's quickly growing corridors--less than one mile from the beach and near Pier Park, Panama City Beach Parkway and Dolly Parton's Pirates Voyage Dinner & Show.
Three adjoining parcels are being offered together for $549,000. The property has a Residential future land-use designation and current Bay County R-2 zoning, creating potential for a residential subdivision, townhome community or other residential development concept, subject to governmental approval and development requirements.
Here are the numbers: recent nearby 0.07-acre residential lots sold for approximately $52,500 to $55,000, averaging about $53,333 per lot. At a conservative future retail value of $50,000 per finished lot, a conceptual 26-lot development would represent approximately $1.3 million in gross lot sales. A conceptual 31-lot development would represent approximately $1.55 million, while 36 lots could represent approximately $1.8 million in gross sales.
These figures are illustrations only and are not representations of an approved lot count or guaranteed return. Actual yield and profitability will depend on zoning requirements, density, lot dimensions, access, roads, utilities, drainage, stormwater, wetlands, floodplain conditions, permitting and development expenses.
Develop now or hold while continued residential, commercial and tourism investment expands throughout the Panama City Beach corridor. Large contiguous tracts this close to the Gulf and major attractions are increasingly difficult to find. Portions of the property appear to be within FEMA Flood Zone A. Buyers should complete independent due diligence and verify zoning, allowable density, flood designation, wetlands, utilities and suitability for their intended use.
Financing
Cash: 1
Lot Features
Flood Plain: 1
Near Beach Access: 1
Need Fill: 1
Wetlands: 1
Wooded: 1
Lot Access
County Road: 1
Paved Road: 1
Present Zoning
Multi-Family: 1
Resid Single Family: 1
Utilities
Electricity - Connected: 1
Public Sewer Available: 1
Water Available: 1
Sale Type
As Is: 1
Property Features
Financing: Cash
Lot Access: County Road; Paved Road
Lot Features: Flood Plain; Near Beach Access; Need Fill; Wetlands; Wooded
Sale Type: As Is
Utilities: Electricity - Connected; Public Sewer Available; Water Available
Present Zoning: Multi-Family; Resid Single Family
Listing Office: Performance Realty
Last Updated: September - 10 - 2026
Information deemed reliable but not guaranteed.