1025 Hwy 2297, Panama City, FL 32404 (MLS# 768474)

1025 Hwy 2297, Panama City, FL 32404

$12,000,000

Property Type: Residential Land Lot Size (sq. ft.): 12,327,480 Status: Active

Current Price: $12,000,000 List Date: 2/07/2025 Last Modified: 12/01/2025

Overview

Description

Waterfront Development opportunity with access to East Bay and the Gulf of Mexico. With over 5,600 FF on Cook’s Bayou, the property has a mixture of Oaks, Magnolia and Pines. +/- 150 upland acres located on a bluff along the waterfront. The majority of the uplands is Zone X or outside of the 500 year flood zone. The property is zoned Conservation Habitation at 2 units per acre or 514 units. Cook’s Bayou Bridge has been raised to 9’6”. An upland cut marina with slips, docks and dredging could be entitled as part of the development. Located near Eastern Shipbuilding recently awarded a $10.5B US Coast Guard contract, 20 minutes from Tyndall AFB which is being rebuilt post hurricane with an expanded mission resulting in an additional 4,000 jobs.

Listing Details MLS# 768474

Contract Info

List Price/Acre: 42402.83

Location

Street #: 1025
Street Name: Hwy 2297
Area: 05 – Bay County – East
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0516 – Bay East – Sandy Creek/East Callaway Heights
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: Yes
Parcel ID: 07397-100-000
Elementary School: Callaway
Middle School: Everitt
High School: Rutherford
Directions: From Hwy 22 and Hwy 2297 go South on Hwy 2297 to just past the Cook's Bayou bridge. Subject property is on the East side of Hwy 2297.
Legal Description: COOK'S BAYOU EST MAP 116 LOT 11 ORB 1760 P 296 ORB 2115 P 1385 ORB 2969 P 139 ORB 3002 P 1062

General Property Info

Sub-Type: Residential Lots
Lot Dimensions: Irregular
Acreage: 283
Lot Size (SqFt): 12327480

Listing Info, Tax & Legal

HOA Fee: No
As Is: No

Remarks & Misc

Remarks: Waterfront Development opportunity with access to East Bay and the Gulf of Mexico. With over 5,600 FF on Cook's Bayou, the property has a mixture of Oaks, Magnolia and Pines. +/- 150 upland acres located on a bluff along the waterfront. The majority of the uplands is Zone X or outside of the 500 year flood zone. The property is zoned Conservation Habitation at 2 units per acre or 514 units. Cook's Bayou Bridge has been raised to 9'6''. An upland cut marina with slips, docks and dredging could be entitled as part of the development. Located near Eastern Shipbuilding recently awarded a $10.5B US Coast Guard contract, 20 minutes from Tyndall AFB which is being rebuilt post hurricane with an expanded mission resulting in an additional 4,000 jobs.

Financing

Cash: Yes
Conventional: Yes

More Information

Lot Features

Waterfront: Yes
Within 1/2 Mile to Water: Yes

Waterfront Feature

Shore – Natural: Yes

Lot Access

State Highway: Yes
Paved Road: Yes

Present Zoning

Other – See Remarks: Yes

Association Amenities

Fishing: Yes
Waterfront: Yes

Utilities

Electricity – Connected: Yes
Internet – Broadband Available: Yes
Sewer Available: Yes
Public Sewer Available: Yes

Waterview

Bayou: Yes

Waterfront Type

Bay/Harbor: Yes
Bayou w/ Gulf Access: Yes

Property Features

Financing: Cash; Conventional Lot Access: Paved Road; State Highway Lot Features: Waterfront; Within 1/2 Mile to Water Utilities: Electricity – Connected; Internet – Broadband Available; Public Sewer Available; Sewer Available Waterfront Type: Bay/Harbor; Bayou w/ Gulf Access Waterfront Feature: Shore – Natural Waterview: Bayou Present Zoning: Other – See Remarks

Listing Office: NAI TALCOR

Last Updated: December – 01 – 2025

Information deemed reliable but not guaranteed.