306 Moonlight Bay Drive, Panama City Beach, FL 32407

$1,150,000
Property Type: Residential Land Lot Size (sq. ft.): 29,185 Status: Active
Current Price: $1,150,000 List Date: 1/13/2026 Last Modified: 1/16/2026

Description

TRANQUIL BAYFRONT OPPORTUNITY | 101.1′ OF WEST BAY FRONTAGE WITH GULF ACCESS Discover a rare opportunity to create your legacy home at 306 Moonlight Bay Drive, a serene bayfront homesite nestled along the peaceful shores of West Bay in Panama City Beach, Florida. This exceptional parcel offers 101.1 feet of bay frontage and is protected by a fortified seawall already in place, providing long-term shoreline stability while preserving the natural beauty of the property. The surrounding slow-moving saltwater marsh creates a calming, nature-rich setting—one of the Emerald Coast’s most beautiful and quietly treasured environments. Located within a designated West Bay sector plan, the area’s natural resources are intentionally preserved and protected, enhancing both lifestyle and long-term value. From your future dock, enjoy a scenic 25-minute boat ride to the turquoise waters of the Gulf of Mexico, offering the rare advantage of both sheltered bay boating and easy Gulf access. Despite its peaceful setting, the property is conveniently located near the best of Panama City Beach living, including shopping, dining, golf, and world-renowned white-sand beaches. This unique balance of privacy, accessibility, and natural beauty makes the property ideal for a custom waterfront estate or tranquil coastal retreat. Opportunities like this—bayfront, buildable, and protected—are increasingly rare along West Bay. 306 Moonlight Bay Drive offers the chance to secure a truly special waterfront setting and build something lasting in one of Northwest Florida’s most serene bayfront communities.

More Information MLS# 783658

Contract Info

List Price/Acre: 1716417.91 Status: Active List Date: 2026-01-16 List Price: $1,150,000 Current Price: $1,150,000

Location

Sub Area: 0321 – Beach – North Central Community/Resort: Colony Club Waterfront: Yes Elementary School: Hutchison Beach Middle School: Surfside High School: Arnold Directions: Take Panama City Beach Parkway going East from Pier Park, turn left onto Nautilus Street, then make a right onto Fair Way Circle, turn left onto Fair Way Blvd., then turn left onto Moonlight Bay Drive. You will see the lot between 304 and 308 Moonlight Bay Drive. Street #: 306 Street Name: Moonlight Bay Street Suffix: Drive Area: 03 – Bay County – Beach State: FL Zip Code: 32407 County: Bay Subdivision: Colony Club Hrbr Ph 1 Parcel ID: 32736-022-000 Legal Description: COLONY CLUB HARBOUR PHASE I LOT 21 MAP 37A ORB 1460 P 578

General Property Info

Acreage: 0.67 Lot Size (SqFt): 29185 Lot Dimensions: Approximately 101.1 x 272.9 x 101.1 x 279.2 Beach Frontage: 101 Sub-Type: Residential Lots

Listing Info, Tax & Legal

HOA Fee: No Last Taxes: 2430 Last Tax Year: 2025 As Is: Yes

Remarks & Misc

Remarks: TRANQUIL BAYFRONT OPPORTUNITY | 101.1′ OF WEST BAY FRONTAGE WITH GULF ACCESS Discover a rare opportunity to create your legacy home at 306 Moonlight Bay Drive, a serene bayfront homesite nestled along the peaceful shores of West Bay in Panama City Beach, Florida. This exceptional parcel offers 101.1 feet of bay frontage and is protected by a fortified seawall already in place, providing long-term shoreline stability while preserving the natural beauty of the property. The surrounding slow-moving saltwater marsh creates a calming, nature-rich setting—one of the Emerald Coast’s most beautiful and quietly treasured environments. Located within a designated West Bay sector plan, the area’s natural resources are intentionally preserved and protected, enhancing both lifestyle and long-term value. From your future dock, enjoy a scenic 25-minute boat ride to the turquoise waters of the Gulf of Mexico, offering the rare advantage of both sheltered bay boating and easy Gulf access. Despite its peaceful setting, the property is conveniently located near the best of Panama City Beach living, including shopping, dining, golf, and world-renowned white-sand beaches. This unique balance of privacy, accessibility, and natural beauty makes the property ideal for a custom waterfront estate or tranquil coastal retreat. Opportunities like this—bayfront, buildable, and protected—are increasingly rare along West Bay. 306 Moonlight Bay Drive offers the chance to secure a truly special waterfront setting and build something lasting in one of Northwest Florida’s most serene bayfront communities.

Financing

Cash: 1 Conventional: 1

Lot Features

Waterfront: 1

Waterfront Feature

Shore – Seawall: 1

Lot Access

Paved Road: 1

Present Zoning

Resid Single Family: 1

Utilities

Electricity – Connected: 1 Garbage: 1 Sewer Available: 1

Waterview

Bay: 1

Sale Type

As Is: 1

Waterfront Type

Bay/Harbor: 1

Property Features

Financing: Cash; Conventional Lot Access: Paved Road Lot Features: Waterfront Sale Type: As Is Utilities: Electricity – Connected; Garbage; Sewer Available Waterfront Type: Bay/Harbor Waterfront Feature: Shore – Seawall Waterview: Bay Present Zoning: Resid Single Family
Listing Office: Linda Miller Real Estate
Last Updated: January – 16 – 2026
Information deemed reliable but not guaranteed.