$2,500,000
Panama City Beach, FL 32407
MLS# 793080
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Property Description
Development opportunity in the heart of Panama City Beach! This approximately 10+ acre parcel offers investment potential with dual zoning--approximately half located within Bay County and zoned AG-2, and approximately half within the City of Panama City Beach and zoned RTH (Residential Townhouse). The RTH zoning presents an opportunity for residential development, and the adjoining AG-2 portion may have the potential to be annexed into the City of Panama City Beach, subject to city approval and applicable requirements. Conveniently located just minutes from Panama City Beach Parkway, shopping, dining, schools, and the Gulf beaches, this property is ideally positioned in one of the area's fastest-growing corridors. Whether you're a builder, developer, or long-term investor, this is a rare opportunity to acquire a sizeable tract with significant residential development potential in a highly desirable location. The property is adjacent to approximately 1.5 miles of the paved Gayle's Trails recreational path along its northern boundary. Buyer to verify zoning, annexation potential, permitted uses, dimensions, utilities, access, development feasibility, and all other pertinent information through their own due diligence.
Details
Maps
Contract Info
List Price/Acre: 239005.74
Status: Active
List Date: 2026-07-13
List Price: $2,500,000
Current Price: $2,500,000
Location
Sub Area: 0321 - Beach - North Central
Community/Resort: None
Waterfront: No
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: PCB Pkwy to N Alf Coleman Road, left on Victoria Falls, property is at the end/corner of Victoria Falls/Waterfall and Inspiration Falls.
Street #: TBD
Street Name: 23 3S 16W
Area: 03 - Bay County - Beach
State: FL
Zip Code: 32407
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 34025-010-000
Legal Description: 23 3S 16W -1.1- COM AT SW COR OF SEC E 2875.49 N 1574.37' FOR POB TH SWLY 413.25' SELY 208.6' S 294.51' WLY 233.34' N 110.65' NWLY 546.24' SWLY 210.54' NWLY 239.64' NELY 395.79' NELY 594.64' ELY 187.82' TO POB ORB 3772 P 1478
General Property Info
Acreage: 10.46
Lot Size (SqFt): 455638
Lot Dimensions: 235x115x544x211x240x393x556x214x393x210x286
Sub-Type: Vacant Land
Listing Info, Tax & Legal
HOA Fee: No
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Development opportunity in the heart of Panama City Beach! This approximately 10+ acre parcel offers investment potential with dual zoning--approximately half located within Bay County and zoned AG-2, and approximately half within the City of Panama City Beach and zoned RTH (Residential Townhouse). The RTH zoning presents an opportunity for residential development, and the adjoining AG-2 portion may have the potential to be annexed into the City of Panama City Beach, subject to city approval and applicable requirements.
Conveniently located just minutes from Panama City Beach Parkway, shopping, dining, schools, and the Gulf beaches, this property is ideally positioned in one of the area's fastest-growing corridors. Whether you're a builder, developer, or long-term investor, this is a rare opportunity to acquire a sizeable tract with significant residential development potential in a highly desirable location. The property is adjacent to approximately 1.5 miles of the paved Gayle's Trails recreational path along its northern boundary.
Buyer to verify zoning, annexation potential, permitted uses, dimensions, utilities, access, development feasibility, and all other pertinent information through their own due diligence.
Present Zoning
Agriculture: 1
Multi-Family: 1
Utilities
Other - See Remarks: 1
Property Features
Utilities: Other - See Remarks
Present Zoning: Agriculture; Multi-Family
Listing Office: Think Real Estate
Last Updated: July - 24 - 2026
Information deemed reliable but not guaranteed.