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$7,500,000
772998 MLS
Parcel ID and Legal Description are coming soon. Property is presently being surveyed and divided to make a 90.9 acre parcel. One approximately mile of creek frontage! This breathtaking property features two crystal clear natural springs flowing directly into Holmes Creek, offering the future owner exclusive access. Whether your'e seeking a serene conservation retreat or a prime opportunity for a water bottling venture, this property holds endless potential. Included is 50 plus acres of high and dry land ideal for a plant site or facility site. Conveniently located just off of Highway 79, you're only minutes from Panama City Beach and Interstate 10, providing excellent access for a business. Property could potentially be zoned commercial. It's truly one of a kind with limitless potential.

000 79 Highway, Vernon

Listing courtesy of CENTURY 21 Commander Realty.

$3,750,000
729404 MLS
Zoning is 2 units per acre. This serene piece of pristine coastline covers 167 acres in Panama City, Florida, with its approx. 7200 ft (1.3 miles) of shoreline on the Intercoastal Waterway. Located a leisurely boat ride away from the Gulf of Mexico, in the East Bay area, this tract of land is ideal for a waterfront community. This amazing parcel of land is one of the best and most stunning pieces of land with deep water accessibility left in Panama City, Florida with huge potential for development. There are engineering and feasibility studies completed in the past and this property could have 173 up to 232 lots per these studies. There is a complete packet of information on file, along with survey, wetland delineations, and lots of photos.

00 Allanton Road, Panama City

Listing courtesy of Coastal Choice Realty LLC.

$4,950,000
778078 MLS
' Owner financing available' Rare opportunity to acquire a premier commercial/industrial property in Beach Commerce Park on the West End of Panama City Beach. Situated on 3.9± acres, this property offers a powerful combination of office, warehouse, and outdoor storage space in one of the area's only planned industrial parks. The improvements include 6,820 sq. ft. of professional office space and a 24,400 sq. ft. warehouse, providing ample room for administration, storage, distribution, or manufacturing operations. In addition, the site features an approximate 1.9-acre lay-down yard ideal for equipment staging, materials, or outdoor operations. Designed with functionality in mind, the property has ample parking and direct access for 18-wheelers and heavy equipment, making logistics and transportation seamless. Beach Commerce Park is a fully serviced development with public underground utilities, recorded covenants, and design standards that ensure a consistent, high-quality setting for businesses. Located just off Panama City Beach Parkway (U.S. Hwy 98), approximately one mile west of Highway 79, the site provides excellent connectivity east and west along the Parkway, as well as quick access north to Interstate 10 and Northwest Florida Beaches International Airport. With Panama City Beach's West End continuing to grow, this property stands out as a one-of-a-kind industrial opportunity. Its scale, versatility, and prime location make it ideally suited for a large construction company, distribution hub, or any enterprise needing significant office, warehouse, and yard space in one of the region's most strategic corridors.

17687 Ashley Drive, Panama City Beach

Listing courtesy of EXP Realty LLC.

$3,000,000
4 Beds 4 Baths 771470 MLS
MAJOR PRICE IMPROVEMENT - NOW $3,000,000. A rare opportunity to own 60 feet of direct Gulf frontage in the heart of Panama City Beach. Welcome to Parrotdise, a furnished, turnkey Gulf-front retreat offering the privacy of a residential beach street with the convenience of PCB's central location. Oleander Drive is tucked away from the constant traffic of Front Beach Road, yet places you within easy reach of both the east and west ends of the beach. Maggie Still Park, a charming neighborhood park, is just a short walk away. The property offers 4 bedrooms, 4 full baths and more than 3,000 square feet of living space, including a flexible second-floor bonus room with its own kitchenette - ideal for extended family, guests, a bunk/game space or additional rental flexibility. Outside is where this property earns its name. Step directly from the home into a private Gulf-front setting featuring an automated heated pool and spa, reinforced composite decking and unobstructed views across the emerald waters of the Gulf. With 60 feet of sandy beachfront, the backyard becomes the resort. The home is offered furnished and includes features rarely found together in a central PCB beachfront property: Two-car garage plus generous driveway parking Private heated pool and spa 60 feet of direct Gulf frontage Fully fenced yard with automatic privacy gate 400-amp electrical service Dedicated 50-amp RV hookup Luxury vinyl plank flooring on the main level Custom tiled showers Outdoor shower Second-floor bonus room with kitchenette No HOA Short-term rentals permitted Use it as a primary residence, private second home or vacation-rental property. The combination of direct beachfront, privacy, parking, pool, garage, flexible living space and central location creates a property that is increasingly difficult to duplicate along Panama City Beach. At its newly repositioned price, 13211 Oleander Drive offers buyers the opportunity to secure a substantial Gulf-front home with garage space and 60 feet of beachfront without paying new-construction pricing. Come see what $3 million buys on the Gulf.

13211 Oleander Drive, Panama City Beach

Listing courtesy of Anchor Realty Florida.

$2,879,000
5 Beds 7 Baths 771302 MLS
***AUCTION: BIDDER REGISTRATION DEADLINE: SEPTEMBER 16TH. STARTING BIDS EXPECTED BETWEEN $1M-$2M*** An exceptional bay front villa estate in Miramar Beach pairs old world craftsmanship with refined coastal living. Two hand carved curved staircases, a coffered ceiling with stained glass, and Italian marble floors set an unmistakable tone from the moment of arrival. Immaculate gated grounds welcome with mosaic fountains, marble statuary, and manicured gardens, while a built in bar imported from England anchors the billiards room and den. A heated atrium pool, private dock with covered boat lift and 107 feet of seawall protected waterfront invite effortless entertaining and quiet reflection alike. A separate guest cottage above the four car garage completes an estate built for gracious bay front living. All information is approximate and should be verified by buyers if important.

364 Walton Way, Miramar Beach

Listing courtesy of Counts Real Estate Group Inc.

$14,000,000
675020 MLS
124 Acres on West Bay in Panama City Beach - ''The Oak Grove on West Bay''. Located on the east-side of Colony Club & Trieste neighborhoods & the Legacy Golf Club (f/k/a Holiday Golf Course). Over 1,200 feet of waterfrontage on West Bay with expansive views across the Bay. It is comprised of 3 parcels; A=59.9 Acres on West Bay, B=60.1 Acre interior parcel and C=4.4 Acre parcel on West Bay and accessed via Moonlight Bay Drive. The sellers will not subdivide. The primary access is via the Clara Avenue extension, which is a 100' right of way, now paved close to the south property line. The site has been annexed into the City of Panama City Beach & zoned P.U.D. & Conservation. The highest-and-best use is residential &/or resort. Conceptual site plans, wetlands delineation, surveys and maps are attached. Call for detailed information & to setup a tour.

000 Clara Avenue, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

$3,200,000
729807 MLS
Approx 600' of WATERFRONT with Deep Water Access & 590' of Hwy 77 Road Frontage in the heart of Southports busiest intersection of Hwy 77 and Hwy 2321. This is a Rare Find of C-1 &C-3 and R2 (can be rezoned) The seller is offering the opportunity to buy all or plat. See CSP K in document section. The restaurant is a working restaurant and the Private home has been completely remodeled. The possibilities are endless. Southport is expanding and growing at a phenomenal rate. This property would make a Great Hotel/Motel site, RV Park with Boat docks, Commercial strip center, Fast Food or any number of combinations you can think of. The owner is will to consider subdividing. What a great, High Traffic area, with easy ingress. The owner has pulled sewer to the property with lift station that will accommodate growth.

7437 Highway 77, Southport

Listing courtesy of Panhandle Real Estate.

$2,495,000
728820 MLS
Owners will divide! Desirable 4.2 acre property located on busy Hwy 77 in Panama City. There is 330' of road frontage on Hwy 77 with ingress and egress in two locations. Annual average daily traffic count is 30,098 vehicles. The property consists of two metal 60' x 60' retail buildings complete with finished interior space and covered warehouse storage. There is parking at each building and a driveway between. There is no direct cut in the median at this location, but the cut is very nearby so turning in from the opposite side of the road is fairly easy. The back portion of the property is vacant land except for a cement slab where an additional storage building used to be. The sellers retail business is not for sale only the buildings and property. The other business onsite is in a month to month lease. Please do not disturb these tenants. The property has a Panama City address but was annexed by the city of Lynn Haven, so utilities and taxes are through Lynn Haven. Lots of potential with this size lot for teardown and redevelopment as Office, Hotel, Retail, Restaurant, Multi-Family, etc. Sellers will consider owner financing with 20% - 25% down and a 5 year balloon.

3407 S Highway 77, Panama City

Listing courtesy of Keller Williams Success Realty.

$5,395,000
771934 MLS
''Gulf Front Lot'' in Casa Magnolia: A Community by the Sea Nestled along the pristine shores of Miramar Beach, Florida, Casa Magnolia is a gated Gulf-front development that redefines luxury coastal living. Spanning 11 magnificent acres, this exclusive community offers an unparalleled lifestyle with a harmonious blend of elegance, comfort, and breathtaking natural beauty. Featuring 30 interior lots and 4 coveted Gulf-front lots, Casa Magnolia is a one-of-a-kind opportunity for those seeking a serene retreat by the sea. Each lot at Casa Magnolia is thoughtfully designed to accommodate your dream home, with the option to include private pools and serene outdoor spaces, ensuring your home becomes a personal oasis for your family to enjoy Architectural guidelines emphasize timeless sophistication, with white brick exteriors, upscale metal dimensional shingles, natural wood trim packages, broom-brushed concrete or paver driveways, and cedar fencing adding to the community's charm and cohesion. Interior lots can host homes up to 3,600 square feet, while Gulf-front lots offer expansive possibilities of up to 8,500 square feet. Casa Magnolia's thoughtfully curated amenities elevate coastal living to new heights. A private beach gateway provides exclusive access to 300 feet of sugar-white sands and sparkling Gulf waters, while a stunning community pool, complete with a water feature and luxurious bathhouse, offers a serene place to relax. Residents can enjoy the beautifully designed clubhouse, perfect for gatherings, or unwind on the recreational lawn, ideal for bocce ball, outdoor games and celebrations. For pet owners, the community features a dedicated dog park, and off-beach storage offers convenient space for beach gear and other essentials. This community is designed for those who desire an effortless lifestyle. Concierge services ensure every detail of your coastal experience is seamless. Casa Magnolia also allows short-term rentals with a one-week minimum booking, making it an ideal option for personal enjoyment or investment. With a five-year buildout requirement, the community maintains its refined aesthetic and sense of unity. Casa Magnolia is more than just a development; it is a sanctuary that captures the essence of life on the Emerald Coast. Imagine waking up to the gentle sound of waves and soaking in spectacular sunsets over the Gulf from your own home. This is your opportunity to claim a piece of paradise. Contact us today to learn more about Casa Magnolia: A Community by the Sea, and begin your journey to the ultimate coastal lifestyle.

TBD Casa Magnolia Drive Unit Lot 18, Miramar Beach

Listing courtesy of EXP Realty LLC.

$3,725,000
6 Beds 8 Baths 771613 MLS
MASSIVE PRICE REDUCTION, HIGHLY MOTIVATED SELLER!! Find coastal luxury with this magnificent 6 bedroom/6 bathroom 2 half bath beachfront retreat, designed to accommodate up to 16 guests in unparalleled comfort. Nestled against the shoreline, this haven offers an array of exceptional amenities that promise an unforgettable escape. Immerse yourself in the allure of outdoor leisure with a dedicated lawn game area featuring foot pool, cornhole, and mini golf. A symphony of style awaits within, where each corner is adorned with tasteful décor. A fully equipped kitchen and a convenient kitchenette cater to your culinary desires, ensuring every meal is a delight. There is an indoor elevator equipped in this home to help quickly and conveniently navigate between floors. This beachfront gem also showcases private walkout balconies with soothing Gulf views on every floor, accessible from each bedroom.

12401 Front Beach Road, Panama City Beach

Listing courtesy of Douglas Eliman 30A.

$6,250,000
760263 MLS
NEW DEVELOPMENT OPPORTUNITY. Being sold for land value only. All structures are in the process of being torn down and removed (Completion approx. September 15, 2026). Possible short-term Owner Financing available with substantial down, credit check, etc. Spectacular opportunity to own a large piece of waterfront property sitting directly on the GULF OF AMERICA! Located in the heart of Panama City Beach, this 184' of prime GULF FRONT property offers lots of options for re-development. Currently zoned CH (Commercial High Intensity...the same as condos), it will allow for new construction up to 120' in height (must be verified). Located next to Senor' Frog's Restaurant, it is 1/2 mile from Pier Park and the brand-new TOP GOLF, and just 1 mile from Dolly Parton's Pirates Voyage Dinner Theater. There is a concrete seawall in place allowing any new construction to use as much of the existing site as permitting will allow. Call today to view this fabulous development opportunity. All meas. and information to be verified.

14929 Front Beach Road, Panama City Beach

Listing courtesy of AMERICAN REALTY of Bay Co, Inc.

$2,495,000
777169 MLS
Waterfront Development Opportunity with Entitlements in Place. Bay Breeze Shores is nestled along North Bay in the City of Lynn Haven. This waterfront property offers a rare opportunity for visionary developers and investors. With panoramic water views and wildlife to observe, promising a lifestyle of tranquility and privacy, making it an ideal site for creating an exclusive multifamily community. Conveniently located half a mile to Highway 77 for easy access to Downtown City of Lynn Haven's Restaurants and friendly parks, as well as 15 miles to Northwest Florida Beaches International Airport. Ride golf cart 1 mile to Leslie Porter Wayside Park byway of Bailey Bridge Fishing Pier, to enjoy a Beach-Like feel or bask in the beautiful Florida Sun. Amenities are endless. Dock & Seawall permits in place giving this community direct access to the Gulf. This property's unique location makes it suitable for various types of developments. Whether you envision an upscale residential community with waterfront access or a tranquil rental resort that attracts visitors seeking relaxation to enjoy the natural beauty Florida has to offer. Currently Zoned High Density Residential with an Approved Development Order for 38 units on 2.92 acres. There is an additional .82 acre Out-parcel available for expansion. Entire Property is High and Dry.

1817 Bay Breeze Drive, Panama City

Listing courtesy of HomeCoin.com.

$7,500,000
772017 MLS
Rare ±231-acre waterfront development opportunity with ±8,000 feet of natural shoreline on North Bay — now available with flexible deal structures including seller financing and potential joint venture (JV) development partnerships. The seller is actively seeking qualified development partners and is open to creative structuring to bring this site to its highest and best use. Strategically located in Bay County's rapidly expanding north side, the property is just minutes from Northwest Florida Beaches International Airport, Panama City Beach, and the multi-billion-dollar redevelopment of Tyndall Air Force Base. Adjacent to the established Fanning Bayou subdivision and close to Gulf Coast State College's North Bay Campus, this site sits squarely in the path of major regional growth. Development Highlights: * ±231 acres with ±8,000' of natural shoreline * Previously approved for 218 residential units and a school * Utilities nearby; excellent access to infrastructure and major roads * Bay County planning supports new development in this corridor * Ideal for residential, mixed-use, institutional, or recreational development This is one of the largest contiguous, undeveloped waterfront parcels remaining in the area. With strong regional demand, supportive zoning, and a seller willing to structure a deal creatively—including JV partnerships—this property offers a compelling opportunity for developers and investors looking to capitalize on Northwest Florida's growth.

Fonza Road, Panama City

Listing courtesy of Coldwell Banker Realty.

$2,099,000
13 Beds 15 Baths 772255 MLS
* 5 Doors from the Shore - Invest in Style & Income!* Investor's dream in Panama City Beach! This exceptional turnkey rental package includes a beautifully designed triplex and duplex, sold together and fully furnished for immediate income generation. Built in 2020, the triplex offers over 4,000 square feet of thoughtfully planned space, featuring 9 bedrooms and 9 bathrooms across three individually themed units: The Beach Cabana, The Groovy Shack, and Welcome to Paradise. Each unit is uniquely styled to provide guests with a one-of-a-kind, Instagram-worthy experience, complete with private entrances, vibrant exterior doors, and modern coastal finishes that capture the laid-back beach vibe. The adjoining duplex adds another 2,800 square feet of living space, offering 4 bedrooms and 6 bathrooms across two distinct units: The Surf House and The Tropical House. Like the triplex, these units continue the playful, curated design aesthetic and are optimized for maximum guest appeal and rental performance. Every unit has been thoughtfully furnished and is fully equipped, making this a true plug-and-play investment opportunity. Guests will love the short walk to the Gulf, where they can enjoy white sandy beaches and turquoise waters—making these rentals even more attractive in Panama City Beach's thriving vacation market. With strong rental history and impressive income (figures available upon request), this property is already a high-performing asset with even more room to grow. Plans are in place for a 3-bedroom townhouse to be added on the west side of the lot, offering future expansion potential and additional income opportunities. Located just minutes from popular dining, shopping, and entertainment, this property package delivers the perfect combination of location, lifestyle, and long-term value. Whether you're looking to expand your portfolio or break into the short-term rental space, this opportunity checks all the boxes.

10609 Parkhill Circle, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

$2,600,000
755176 MLS
Prime 4.22± acre commercial development site on W. Highway 388 in the heart of one of Florida's hottest markets, West Bay/Panama City Beach and home to Latitude Margaritaville, a mixed use development included in the 110,000± acre Bay-Walton Sector Plan. The site is strategically located just 1.5± miles south of the primary entrance to Latitude Margaritaville and 4± miles west of Northwest Florida Beaches International Airport. Convenient access just 700± feet east of the Highway 79 corridor and the West Bay Bridge, the gateway to Panama City Beach to the south, and Latitude Margaritaville to the north. Zoned General Commercial (C-3) in Unincorporated Bay County which allows for many commercial uses. Bay County public water and sewer are available along W. Highway 388. There currently is a 2,136± square foot home on the property built in 1975 which may or may not contribute value. This site with its current entitlements is ready for immediate commercial development.

000 W. Highway 388, Panama City Beach

Listing courtesy of Counts Real Estate Group.

$4,100,000
7 Beds 9 Baths 774047 MLS
NO HOA Fees!! Looking for an Airbnb powerhouse, you've found it. With an experienced Airbnb host and aggressive pricing strategy, this fully furnished 7-bedroom, 8.5-bath Gulf-front beach house is built to support a high-capacity rental operation. Built in 2025, the property features a heated private pool, parking for up to 9 vehicles, no HOA restrictions, and direct beachfront access. The seller is also building a new construction home next door, creating a unique opportunity for buyers interested in expanding their Gulf-front investment footprint. The approximately 30 x 30 main living area is designed for large groups, with Gulf views from nearly every angle. The chef's kitchen centers around a 10 x 5 island with granite slabs imported from Brazil, dual refrigerators, wraparound seating, and a 75-inch wall-mounted TV. The home also includes 12 smart TVs, a 412-game arcade console, and a third-floor entertainment lounge with room for movies, games, a pool table, or air hockey. The primary suite features 16-foot ceilings, chapel windows overlooking the Gulf, and a private lounge with a coffee and wine bar. More than $150,000 in designer furnishings, accessories, and custom window treatments contribute to the home's turnkey appeal and reduce the need for immediate setup. Hurricane-impact windows, a 10-foot sliding glass door, triple-pane Therma-Tru doors, and a commercial-grade fire suppression system with 24-hour monitoring add notable durability and safety features. Outside, an approximately 30 x 25 beachfront deck overlooks a heated 12 x 23 Gulf-front pool with an 8 x 6 sun shelf and two heaters. A powder-coated aluminum safety fence helps secure the pool area while preserving Gulf views, and reinforced balcony railings provide an additional safety feature. The lot extends to the wet sand, providing direct beachfront access and space for beach gear and jet skis. The home was built on 12 x 12 concrete pilings driven 20 feet deep rather than traditional wood pilings. The exterior also features Hardie Board siding secured with stainless screws and a rust-resistant aluminum roof. Located minutes from Pier Park, Tootsies, Top Golf, and Dolly Parton's Pirates Voyage. Buyer to verify all dimensions.

8711 Surf Drive, Panama City Beach

Listing courtesy of Compass Florida, LLC.

$8,000,000
754214 MLS
LOCATION! LOCATION! LOCATION! Discover an exceptional opportunity with this 16.53-acre parcel situated at 401 N Kimbrel Avenue in the dynamic and developing Panama City, Florida. Boasting a prime location that is conveniently close to educational institutions, recreational areas, and vital employment hubs, including Tyndall Air Force Base, this site is ideal for developers looking to respond to the city's current and future housing needs. The property offers ample space for a significant multi-family residential project, with zoning classification R5-A, which allows for the construction of up to 25 residences per acre. The max allowable units in this location is 413. We are excited to welcome investors to the market for a development-ready project after Seller has completed the initial work and preparation. The potentially 400 door multifamily development has been cleared. The 16.5 acre parcel is situated along the major thoroughfare in the area, Highway22 and also connects to the main artery of the Bay County, Highway 98. All pre-development work and permits have been issued. The property is within a 30-minute drive to the sugary sands of the Panama City, Beach and offers various ecotourism opportunities. In a quick 15 minute drive, you will arrive to the revitalized Downtown Panama City, with its walkable shopping and waterfront dining venues. It lies within a strategic locale and is well-positioned outside the flood zone, making it a valuable find for a visionary development tailored to accommodate the influx of professionals and their households. This offering is a cornerstone opportunity to contribute to the area's resurgence with a development that captures the spirit of growth. This versatile plot stands ready for a transformative development that will cater to both civilian and military families, contributing to the rejuvenation of the community. Capitalize on the opportunities of Panama City by investing in a property that offers promising growth and profits. Buyers are encouraged to submit offers as they seek updated zoning to address their needs.

401 N Kimbrel Avenue, Panama City

Listing courtesy of Coldwell Banker Realty.

$4,000,000
771996 MLS
Exceptional Investment Opportunity in Prime Beachfront Location This commercial property, strategically zoned for high-intensity development, presents a rare chance to own a substantial parcel of land exceeding half an acre, situated directly across from the stunning beaches and the Gulf of Emerald Coast. The income-producing 11-unit inn, fully furnished and impeccably maintained, offers a unique opportunity for immediate cash flow and potential for expansion to 14 units, capitalizing on the area's high demand for accommodations. The property's expansive lot provides a canvas for redevelopment, allowing investors to explore various scenarios, including single-family residences, multi-family units, or a mix of both, thereby maximizing the potential for returns on investment. With its prime location and versatile zoning, this property is an investor's dream, offering endless possibilities for creative development and revenue generation. The property offers convenient beach Access, Providing an exceptional lifestyle. Its prime location give you easy access to a wide range of activities and amenities, all within walking distance. Enjoy swimming, sunbathing, and water sports on the pristine beaches, or explore the nearby parks and fresh water springs. The area is also known for its vibrant events calendar, featuring live music, festivals, and cultural events that attract tourists and locals alike. Studio units in Panama City Beach have consistently demonstrated exceptional performance, boasting some of the highest income potential and capitalization rates in the market. With its high tourist turnover and strong demand for short-term rentals, this property is poised to deliver significant returns on investment, making it an attractive opportunity for savvy investors seeking to capitalize on the area's growing popularity. This exceptional investment opportunity is not to be missed. Contact your preferred real estate agent today to schedule a tour and explore the vast potential of this remarkable property. We kindly request that guests not be disturbed. With its unparalleled location, income-generating potential, and endless possibilities for development, this property is sure to be a crown jewel in any investor's portfolio. Buyer to verify all information deemed important.

8614 Surf Drive, Panama City

Listing courtesy of CENTURY 21 Ryan Realty Inc.