17851 Front Beach Road, Panama City Beach, FL 32420
$4,150,000
Property Type:
Commercial Land
Lot Size (sq. ft.):
122,404
Status:
Sold
Current Price:
$4,150,000
List Date:
6/23/2012
Last Modified:
10/08/2024
Listing Details MLS# 507505
Location, Tax & Legal
- Street #
- 17851
- Street Name
- Front Beach
- Street Suffix
- Road
- State
- FL
- Zip Code
- 32420
- County
- Bay
- Area
- 03 – Bay County – Beach
- Subdivision
- Wells Gulf Beach Estates
- Parcel ID
- 38405-000-000
- Legal Description
- BLK 1 MIRAMAR BEACH AND THE SLY R/W LINE OF FRONT BEACH RD TH SW ALONG THE WEST LINE OF LOT 52' S 30.91 SW 68 M/L TO WATRES EDGE TH NWLY ALONG WATER 380' M/L TH NORTH 163' M/L TO SLY R/W 14 3S 17W -5.1- 21B1 COM AT NE COR OF SEC TH W 880' S 543.10' TO NWLY R/W OF HWY 98 FOR POB TH NWLY ALONG R/W 322.41' TO THE ELY R/W OF SEAKOVE ST NELY ALONG ELY R/W 105' TH SELY 264.57' TO THE WLY R/W OF
- Sub Area
- 0325 – Beach – West South
- Community/Resort
- None
- Waterfront
- Yes
- Elementary School
- Bay
- Middle School
- Surfside
- High School
- Arnold
- Directions
- PROPERTY IS LOCATED ON THE WEST SIDE OF PCB APPROX. 2 MILES WEST OF HWY 79, GULF FRONT PARCEL IS WEST OF SPLASH AND CELEDON CONDOMINIUMS AND IS GATED, NORTH PARCEL IS ACROSS FRONT BEACH RD., BETWEEN SEAKOVE AND DEERMONT STREET
- HOA Fee
- No
Contract Info
- List Price/Acre
- 2099644.13
- Sub-Type
- Land/Acres
General Property Info
- Acreage
- 2.81
- Frontage Feet
- 402
Status Change Info
- Under Contract Date
- 2013-05-02
- Sold Date
- 2013-07-31
- Sold Price/Acre
- 1476868.33
Waterfront Feature
- Waterfront Feet
- 336
Remarks & Misc
- Remarks
- RARE OPPORTUNITY!! Spectacular potential for Condominium Development with in-place foundation: Fully permitted for 234 gulf front condominiums and a 5 story parking garage perfectly located in city limits and the most desirable West Panama City Beach, only minutes from world renowned Rosemary and Alys Beach. Entitlements and existing infrastructure offered at $5,900,000 an 88% discount from owner's cash investment of $51,000,000 for land and improvements. Current development order. Completed plans by Collins and Associates for one, two and three bedroom condominiums with featured Gulf front amenities including pool, spas, exercise room, and lobby. Additional planned amenities include a conference room, game room, and parking garage. Construction begun in 2006 with $11 million dollars
More Information
Financing
- Cash
- Yes
- Conventional
- Yes
Lot/Parcel Access
- Paved Road
- Yes
Present Zoning
- Resid Multi-Family
- Yes
- Resort
- Yes
Utilities
- Electricity – Connected
- Yes
- Public Sewer – Connected
- Yes
- Water Connected
- Yes
Waterview
- Gulf
- Yes
Waterfront Type
- Gulf
- Yes
TransportationAccess
- 2 – Lane
- Yes
- Paved
- Yes
Property Features
TransportationAccess:
2 – Lane; Paved
Financing:
Cash; Conventional
Utilities:
Electricity – Connected; Public Sewer – Connected; Water Connected
Waterfront Type:
Gulf
Present Zoning:
Resid Multi-Family; Resort
Waterview:
Gulf
Listing Office:
ResortQuest Real Estate
Last Updated: October – 08 – 2024
Information deemed reliable but not guaranteed.