TBD 23 3S 16W, Panama City Beach, FL 32407 (MLS# 1008379)

TBD 23 3S 16W, Panama City Beach, FL 32407

$2,500,000

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Property Type: Land Lot Size (sq. ft.): 467,834 Status: Active

Current Price: $2,500,000 List Date: 7/24/2026 Last Modified: 7/31/2026

Overview

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 Tr ... (Read more)

Listing Details MLS# 1008379

Contract Info

Listing Board: Emerald Coast
List Price/Acre: 232774.67

Location Tax and Legal

Street #: TBD
Street Name: 23 3S 16W
Area: 27 - Bay County
State: FL
Zip Code: 32407
County: Bay
Project Name/Subdivision: NO RECORDED SUBDIVISION
Parcel ID: 34025-010-000

General Property Info

Sub-Type: Vacant Land
Acreage: 10.74

Location, Tax and Legal

Sub Area: 2721 - Beach - North Central
Elementary School: Hutchinson Beach
Middle School: Surfside
High School: Arnold
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

More Information

Listing Info, Tax & Legal

Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 941.46
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.

Utilities

Other: Yes

Zoning

Agriculture: Yes
Resid Multi-Family: Yes

Property Features

Zoning: Agriculture; Resid Multi-Family Utilities: Other

Listing Office: Think Real Estate

Last Updated: July - 31 - 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.