305 E Beach Drive
Panama City, FL 32401
3.25Acres(Lot)
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 co
Property Details
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Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Water front: 1
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Lot Information
Lot Dimensions: 440.0 ft x 325.0 ft Main Square Feet: 3.25 Lot Size Acres: 3.25 Lot Size Square Feet: 141,439 Lot Description: PavedProperty Information
Subdivision: No Named Subdivision Source Property Type: Land MLS Area Minor: 0203 - Bay - Central SW Zoning Description: City, Commercial, Other - See Remarks, Resid Multi-Family, Resid Single Family Property SubType: Unimproved Land
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Listing Price Information
Listing Price: $4500000
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Tax Information
Parcel Number: 20154-000-000 Tax Year: 2025 Annual Tax: $12265.5 Tax Legal Desc: 9 4S 14W -1- 70A ALL THAT PART OF NW1/4 OF SW1/4 LYING S & E OF MASSALINA BAYOU LESS DAVIS PLATS & LESS PCLS -1.1- & -1.2 SUBJ TO CONS ESMT OR3108 P1693 SUBJ TO CONS ESMT OR3108 P1714 ORB 4754 P 1342
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School Information
Elementary School: Cherry Street Junior High School: Jinks Senior High School: Bay -
Utility Information
SewerAvailable -
Location Information
Direction: From Downtown Panama City at the intersection of Harrison Avenue and East Beach Drive, travel east on Beach Drive, cross the Tarpon Dock Bridge over Massalina Bayou. The property is located on east side of Massalina Bayou at the base of the bridge to include all the way to the northwest corner of East 2nd Street
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 81 Bayou Avenue, Panama City, FL, 32401 | $16,500 | -- | -- | -- | 0.41 Acre(Lot) |
| 525 Sanders Lane, Panama City, FL, 32401 | $45,999 | -- | -- | 22,433 | 0.52 Acre(Lot) |
| 3504 E 5th Street, Panama City, FL, 32401 | $39,900 | -- | -- | 11,195 | 0.26 Acre(Lot) |
| 3502 E 5th Street, Panama City, FL, 32401 | $225,000 | -- | -- | 21,562 | 0.50 Acre(Lot) |
| 3400 E 1st Court, Panama City, FL, 32401 | $40,000 | -- | -- | -- | 0.23 Acre(Lot) |
| 613 Powell Avenue, Panama City, FL, 32401 | $15,000 | -- | -- | -- | 0.19 Acre(Lot) |
| 135 Everitt Avenue, Panama City, FL, 32401 | $86,000 | -- | -- | 23,087 | 0.53 Acre(Lot) |
| 2911 E 5th Court, Panama City, FL, 32401 | $265,000 | -- | -- | -- | 0.69 Acre(Lot) |
| 915 Everitt Avenue, Panama City, FL, 32401 | $129,000 | -- | -- | -- | 1.50 Acres(Lot) |
| 509 N James Avenue, Panama City, FL, 32401 | $58,000 | -- | -- | 6,708 | 0.15 Acre(Lot) |
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ByOwner last updated this listing 07/02/2026 @ 15:38
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