$899,000
Panama City, FL 32408
MLS# 793159
Status: Under Contract - Taking Backups
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Property Description
Prime Development Opportunity with Existing Residence on Expansive Acreage! Rarely does a property offer this combination of immediate usability and long-term development upside. Situated on a large tract in a rapidly growing area, this property features an existing 2-bedroom, 1-bath residence, while presenting exceptional redevelopment potential for builders, developers, and investors. Preliminary development discussions indicate the site may support approximately eight homes per acre, subject to all local, state, and federal approvals, engineering, zoning, permitting, and final governmental review. A small wetland area is believed to be mitigable through the purchase of wetland mitigation credits, potentially maximizing the property's overall development yield. The existing residence provides flexibility as a temporary office, rental property, caretaker's home, or holding asset while planning and entitlement work is completed. This property is currently zoned for a large equestrian estate, and is truly one of a kind. On site there is county water, sewer, two lift stations, and a foundation that is build ready! Rare opportunity to own nearly 3 acres of property just 5 minutes to the sugar white sands of Panama City Beach. Whether your vision is a boutique residential community, custom home enclave, strategic long-term investment, or an equestrian ranch or family estate, this property offers the scale and flexibility to bring that vision to life. Buyer to independently verify all zoning, density, permitted uses, environmental conditions, utility availability, wetland delineation, mitigation requirements, and development feasibility with the appropriate governmental agencies and licensed professionals.
Details
Maps
Contract Info
List Price/Acre: 313240.42
Status: Under Contract - Taking Backups
List Date: 2026-07-20
List Price: $899,000
Current Price: $899,000
Location
Sub Area: 0319 - Beach - East
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From US-98 E, Turn right onto Allison Ave and continue half a mile. Turn left onto Front Beach Rd, take a right after the gas station (on the right) onto Laurie Ave, turn left onto Laird St and property will be about a mile ahead on the right.
Street #: 7413
Street Name: Laird
Street Suffix: Street
Area: 03 - Bay County - Beach
State: FL
Zip Code: 32408
County: Bay
Subdivision: Thomas Drive Park U-2
Parcel ID: 27921-479-000
Legal Description: THOMAS DRIVE PARK UNIT 2 LOT 17 BLK A ORB 4403 P 1172
General Property Info
Acreage: 2.87
Lot Size (SqFt): 124974
Lot Dimensions: 200 x 625
Sub-Type: Vacant Land
Listing Info, Tax & Legal
HOA Fee: No
Last Taxes: 7428.07
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Prime Development Opportunity with Existing Residence on Expansive Acreage!
Rarely does a property offer this combination of immediate usability and long-term development upside. Situated on a large tract in a rapidly growing area, this property features an existing 2-bedroom, 1-bath residence, while presenting exceptional redevelopment potential for builders, developers, and investors.
Preliminary development discussions indicate the site may support approximately eight homes per acre, subject to all local, state, and federal approvals, engineering, zoning, permitting, and final governmental review. A small wetland area is believed to be mitigable through the purchase of wetland mitigation credits, potentially maximizing the property's overall development yield.
The existing residence provides flexibility as a temporary office, rental property, caretaker's home, or holding asset while planning and entitlement work is completed. This property is currently zoned for a large equestrian estate, and is truly one of a kind. On site there is county water, sewer, two lift stations, and a foundation that is build ready! Rare opportunity to own nearly 3 acres of property just 5 minutes to the sugar white sands of Panama City Beach.
Whether your vision is a boutique residential community, custom home enclave, strategic long-term investment, or an equestrian ranch or family estate, this property offers the scale and flexibility to bring that vision to life.
Buyer to independently verify all zoning, density, permitted uses, environmental conditions, utility availability, wetland delineation, mitigation requirements, and development feasibility with the appropriate governmental agencies and licensed professionals.
Assumable Mtg Typ
Conventional: 1
Existing Leases
Month To Month: 1
Other Structures
Pool House: 1
Residence: 1
Storage: 1
Farm Info
Fenced: 1
Financing
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Survey Available: 1
Within 1/2 Mile to Water: 1
Lot Access
City Street: 1
Paved Road: 1
Present Zoning
Resid Single Family: 1
Utilities
All Utilities: 1
Electricity - Connected: 1
Private Well: 1
Public Sewer - Connected: 1
Water Connected: 1
Underground Utilities: 1
Sale Type
As Is: 1
Status Change Info
Under Contract Date: 2026-07-21
Property Features
Assumable Mtg Typ: Conventional
Existing Leases: Month To Month
Farm Info: Fenced
Financing: Cash; Conventional
Lot Access: City Street; Paved Road
Lot Features: Cleared; Survey Available; Within 1/2 Mile to Water
Other Structures: Pool House; Residence; Storage
Sale Type: As Is
Utilities: All Utilities; Electricity - Connected; Private Well; Public Sewer - Connected; Water Connected; Underground Utilities
Present Zoning: Resid Single Family
Listing Office: EXP Realty LLC
Last Updated: July - 27 - 2026
Information deemed reliable but not guaranteed.