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641 Malaga Place

Panama City Beach, FL 32413
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Acres3.69

Acres(Lot)

ATTENTION FLORIDA INVESTORS & DEVELOPERS -- 3.69± ACRES NEAR THE BEACH, PIER PARK & PIRATES VOYAGE ATTENTION FLORIDA INVESTORS AND DEVELOPERS! Here is an opportunity to secure approximately 3.69 contiguous acres in one of Panama City Beach's quickly growing corridors--less than one mile from the beach and near Pier Park, Panama City Beach Parkway and Dolly Parton's Pirates Voyage Dinner & Show. Three adjoining parcels are being offered together for $549,000. The property has a Residential future land-use designation and current Bay County R-2 zoning, creating potential for a residential subdivision, townhome community or other residential development concept, subject to governmental approval and development requirements. Here are the numbers: recent nearby 0.07-acre residential lots sold for approximately $52,500 to $55,000, averaging about $53,333 per lot. At a conservative future retail value of $50,000 per finished lot, a conceptual 26-lot development would represent approximately $1.3 million in gross lot sales. A conceptual 31-lot development would represent approximately $1.55 million, while 36 lots could represent approximately $1.8 million in gross sales. These figures are illustrations only and are not representations of an approved lot count or guaranteed return. Actual yield and profitability will depend on zoning requirements, density, lot dimensions, access, roads, utilities, drainage, stormwater, wetlands, floodplain conditions, permitting and development expenses. Develop now or hold while continued residential, commercial and tourism investment expands throughout the Panama City Beach corridor. Large contiguous tracts this close to the Gulf and major attractions are increasingly difficult to find. Portions of the property appear to be within FEMA Flood Zone A. Buyers should complete independent due diligence and verify zoning, allowable density, flood designation, wetlands, utilities and suitability for their intended use.

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Detail Ic Property Details

Property Type : Land

Price : $549,000

AD Id : 91147659

MLS Id : 795231

Lot Size : 3.69 Acres(Lot)

Tax Amount : 9.61

County : Bay

Subdivision: Port St Lucie Section 21

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Feature Features

  • Lot Information

    Lot Dimensions: Irregular Main Square Feet: 3.69 Lot Size Acres: 3.69 Lot Size Square Feet: 160,736 Lot Description: Paved

    Property Information

    Subdivision: Sand Dollar Estates Source Property Type: Land MLS Area Minor: 0322 - Beach - North West Zoning Description: Multi-Family, Resid Single Family Property SubType: Residential

  • Listing Price Information

    Listing Price: $549000

  • Tax Information

    Parcel Number: 37252-760-000 Tax Year: 2025 Annual Tax: $9.61 Tax Legal Desc: SAND DOLLAR ESTATE 20C2 TRACT A & SAND DOLLAR ESTATES 20C1 LOT 23 BLK A & SAND DOLLAR ESTATES 20C1 LOT 24 BLK A ORB 1760 P 1799

  • School Information

    Elementary School: West Bay Junior High School: Surfside Senior High School: Arnold
  • Utility Information

    SewerAvailable
  • Location Information

    Direction: Head West on Highway 98 towards Inlet Beach. Take a right on Malaga, the property is on your left.
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Nearby Home Value

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6308 Turkey Cove Lane, Panama City Beach, FL, 32413 $205,000 -- -- -- 1.05 Acres(Lot)
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8414 Deepwater Creek Lane, Panama City Beach, FL, 32413 $199,000 -- -- -- 0.77 Acre(Lot)
6315 Turkey Cove Lane, Panama City Beach, FL, 32413 $295,000 -- -- -- 1.61 Acres(Lot)
7504 Loons Call Lane, Panama City Beach, FL, 32413 $438,500 -- -- -- 0.74 Acre(Lot)
7516 Morning Marsh Trail, Panama City Beach, FL, 32413 $134,500 -- -- -- 0.63 Acre(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/11/2026 @ 14:23

MLS: 795231 LISTED BY: Angela Foust, Performance Realty 850-547-9400 SOURCE: CPAR

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