305 E Beach Drive, Panama City, FL 32401 (MLS# 1006912)

305 E Beach Drive, Panama City, FL 32401

$4,500,000

Property Type: Land Lot Size (sq. ft.): 141,570 Status: Active

Current Price: $4,500,000 List Date: 7/03/2026 Last Modified: 7/03/2026

Overview

Description

Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to ... (Read more)

Listing Details MLS# 1006912

Contract Info

Listing Board: Emerald Coast
List Price/Acre: 1384615.38

Location Tax and Legal

Street #: 305
Street Direction: E
Street Name: Beach
Street Suffix: Drive
Area: 27 - Bay County
State: FL
Zip Code: 32401
County: Bay
Project Name/Subdivision: Pelican Pass
Parcel ID: 20154-000-000

General Property Info

Sub-Type: Vacant Land
Acreage: 3.25

Waterfront

Waterfront Feet: 650

More Information

Property Features

Lot Access: City Road; Paved Road Lot Features: Addl Land Available; Cleared; Corner; Irregular; Soil Map; Survey Available Zoning: Commercial; Resid Multi-Family; Resid Single Family; See Remarks Waterfront: Bayou Waterview: Bay; Bayou Utilities: Electric; Gas - Natural; Gas Available; Lift Station; Phone; Public Sewer; Public Water; Sewer Available; TV Cable Financing: Conventional

Listing Office: Counts Real Estate Group Inc

Last Updated: July - 03 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.