13623 Front Beach Road, Panama City Beach, FL 32413 (MLS# 622933)

13623 Front Beach Road, Panama City Beach, FL 32413

$10,300,000

Property Type: Commercial Land Lot Size (sq. ft.): 578,477 Status: Sold

Current Price: $10,300,000 List Date: 7/06/2015 Last Modified: 10/08/2024

Overview

Description

This stunning 13+ acre resort parcel is the largest contiguous waterfront property offering more beach frontage and access than any property available for redevelopment in Florida. Located in the Florida Panhandle on Panama City Beach, the property is in the heart of the state’s most stable condominium market which is currently undergoing a dramatic transformation. Situated at the intersection of two main thoroughfares, the This is a Bank owned property. Property has 570-feet of dedicated beachfront and abuts a half-mile long protected beach reserve. Fully entitled for 998 hotel, timeshare or residential units and 43,000 square feet of retail space, the property represents significant land-bank and turnkey development opportunities. Milestones: Development Agreement for 998

Supplements: hotel, timeshare, or residential units & 43,000 SF of retail space, Development Order valid through 2013, 100% Design Drawings by Arquitectonica, Pre-Construction Engineering Services, DEP Permit, Soil Borings, All Environmental Reports, Wind Tunnel Study, Website. Demolition was completed in 2010.

Listing Details MLS# 622933

Location, Tax & Legal

Street #: 13623
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32413
County: Bay
Area: 03 – Bay County – Beach
Subdivision: Bid-A-Wee
Parcel ID: INCLUDES 3 SEPERATE PARCE
Legal Description: INLCUDES 3 SEPERATE PARCELS
Sub Area: 0318 – Beach – Central South
Business Name: XXX
Community/Resort: Bid a Wee
Waterfront: Yes
Elementary School: Bay
Middle School: Breakfast Point
High School: Arnold
Directions: From Back Beach Road (Hy.98/Panama City Beach Parkway) take Argonaut (Chevron Station) south all the way to Front Beach Road. Take a left on Front Beach Road and the property encompasses both the south & north sides of Front Beach Road (the old Fiesta motel on the south side and the castle looking structure on the north side). Front Beach Road & Middle Beach Road/Hutchison Road intersect at this p
HOA Fee: No

Contract Info

List Price/Acre: 918674.7
Sub-Type: Land/Acres

General Property Info

Acreage: 13.28
Frontage Feet: 570
Is Subject Leased: No

Status Change Info

Under Contract Date: 2015-09-03
Sold Date: 2015-12-31
Sold Price/Acre: 775602.41

Waterfront Feature

Waterfront Feet: 570

Remarks & Misc

Remarks: This stunning 13+ acre resort parcel is the largest contiguous waterfront property offering more beach frontage and access than any property available for redevelopment in Florida. Located in the Florida Panhandle on Panama City Beach, the property is in the heart of the state's most stable condominium market which is currently undergoing a dramatic transformation. Situated at the intersection of two main thoroughfares, the This is a Bank owned property. Property has 570-feet of dedicated beachfront and abuts a half-mile long protected beach reserve. Fully entitled for 998 hotel, timeshare or residential units and 43,000 square feet of retail space, the property represents significant land-bank and turnkey development opportunities. Milestones: Development Agreement for 998

More Information

Financing

Cash: Yes
Conventional: Yes

Lot/Parcel Access

State Highway: Yes

Present Zoning

Business: Yes
Commercial: Yes

Utilities

Electricity – Availabile: Yes

Waterview

Gulf: Yes

Waterfront Type

Gulf: Yes

TransportationAccess

State Road: Yes

Property Features

TransportationAccess: State Road Financing: Cash; Conventional Utilities: Electricity – Availabile Waterfront Type: Gulf Present Zoning: Business; Commercial Waterview: Gulf

Listing Office: Andrews & Arnsdorff Realty

Last Updated: October – 08 – 2024

Information deemed reliable but not guaranteed.