305 E Beach Drive, Panama City, FL 32401 (MLS# 792242)

305 E Beach Drive, Panama City, FL 32401

$4,500,000

Property Type: Commercial Land Lot Size (sq. ft.): 141,439 Status: Active

Current Price: $4,500,000 List Date: 7/06/2026 Last Modified: 7/06/2026

Overview

Description

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 conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buye … (Read more)

Listing Details MLS# 792242

Location, Tax & Legal

Street #: 305
Street Direction: E
Street Name: Beach
Street Suffix: Drive
State: FL
Zip Code: 32401
County: Bay
Area: 02 – Bay County – Central
Subdivision: No Named Subdivision
Parcel ID: 20154-000-000
Legal Description: 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
Sub Area: 0203 – Bay – Central SW
Community/Resort: None
Waterfront: Yes
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: 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
HOA Fee: No

Contract Info

List Price/Acre: 1384615.38
Sub-Type: Land/Acres
List Type: Exclusive Right of Sale
Named Exception: No

General Property Info

Site Dimensions: 440.0 ft x 325.0 ft
Acreage: 3.25
Lot Size (SqFt): 141439
Is Subject Leased: No

Remarks & Misc

Remarks: 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 conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.

Financing

Cash: Yes
Conventional: Yes

More Information

Lot Features

Aerials/Topo Available: Yes
Cleared: Yes
Corner Lot: Yes
Irregular: Yes
Site Plan: Yes
Soil Test: Yes
Survey Available: Yes
Topographical Survey: Yes
Waterfront: Yes

Waterfront Feature

Shore – Beach: Yes
Shore – Natural: Yes
Shore – Rip Rap: Yes
Shore – Seawall: Yes
Other – See Remarks: Yes

Lot/Parcel Access

City Road: Yes
Paved Road: Yes

Present Zoning

City: Yes
Resid Multi-Family: Yes
Resid Single Family: Yes
Other – See Remarks: Yes

Utilities

TV Cable: Yes
Electric 220/240: Yes
Electricity – Availabile: Yes
Electric-3-Phase: Yes
Natural Gas – Available: Yes
Internet – Broadband Available: Yes
Lift Station: Yes
Phone – Connected: Yes
Water Connected: Yes

Waterview

Bay: Yes
Bayou: Yes

Sale Type

As Is: Yes
Other – See Remarks: Yes

Waterfront Type

Bayou w/ Gulf Access: Yes
See Remarks: Yes

TransportationAccess

City Road: Yes
Paved: Yes

Property Features

TransportationAccess: City Road; Paved Financing: Cash; Conventional Lot Features: Aerials/Topo Available; Cleared; Corner Lot; Irregular; Site Plan; Soil Test; Survey Available; Topographical Survey; Waterfront Sale Type: As Is; Other – See Remarks Utilities: Electric 220/240; Electricity – Availabile; Electric-3-Phase; Natural Gas – Available; Internet – Broadband Available; Lift Station; Phone – Connected; Water Connected; TV Cable Waterfront Type: Bayou w/ Gulf Access; See Remarks Waterfront Feature: Shore – Beach; Shore – Natural; Shore – Rip Rap; Shore – Seawall; Other – See Remarks Present Zoning: Resid Multi-Family; Resid Single Family; Other – See Remarks Waterview: Bay; Bayou

Listing Office: Counts Real Estate Group Inc

Last Updated: July – 06 – 2026

Information deemed reliable but not guaranteed.