4402 HIGHWAY 2321, Panama City, FL 32404

$1,980,000
Property Type: Residential Land Lot Size (sq. ft.): 2,025,540 Status: Pending
Current Price: $1,980,000 List Date: 2/03/2018 Last Modified: 3/23/2026

Overview

Description

Excellent 46.5 Acre Residential North Bay Waterfront Development Opportunity with almost 3/4 of a mile of pristine shoreline on North Bay and McKitchen’s Bayou. This site is noted as Site 2 on the property aerial and part of a fragmented parcel consisting of 76.6 acres (Bay County Parcel Number 08671-000-000). Zoned Agriculture/Timberland (AG-2) in Unincorporated Bay County, rezoning & access to municipal water & sewer would require annexation into the City of Lynn Haven. Additional vacant waterfront and interior land parcels available from .84 acres to 130 acres along the Highway 2321 corridor in the Deer Point Lake and North Bay area. This property is west and adjacent to the Mill Bayou Residential Mixed Use Development and the new approved 97.8 acre Lynn Haven Bayou Park & Preserve.

Listing Details MLS# 667659

Contract Info

List Price/Acre
42580.65

Location

Street #
4402
Street Name
HIGHWAY 2321
Area
02 – Bay County – Central
State
FL
Zip Code
32404
County
Bay
Sub Area
0201 – Bay – Central NE
Subdivision
No Named Subdivision
Community/Resort
None
Waterfront
Yes
Parcel ID
08671-000-000
Elementary School
Deer Point
Middle School
Merritt Brown
High School
Mosley
Directions
From Panama City Mall, travel north on Hwy 231, turn left on Hwy 2321, property is located on the left from just past the unpaved portion of Harlan Shope Road to the Deer Point Dam. Site is accessable via the unpaved portion of Harlan Shope Road or Little Dirt Road.
Legal Description
36 2S 14W & 01 3S 14W ORG LOTS 1,2,3 S OF BAY LESS PRCLS & LESS RD R/W TO CO IN ORIG LOT 1 ALSO S 30' OF W 122.32' OF SE1/4 LESS R/W TO SR 77A IN SEC 36 2S 14W 01 3S 14W ** COM AT THE NORTH LINE OF SEC 1 & SWLY R/W OF HWY 2321 TH W 529.49' FOR POB TH CONT W 1276.26' TH S 357.50 ' TH W 431'M/L TO WATERS EDGE TH SLY ALONG WATERS EDGE TO MCKITHENS BAYOU TH NLY ELY SLY ALONG WATERS EDGE OF BAYOU 3168'

General Property Info

Sub-Type
Vacant Land
Lot Dimensions
Irregular
Acreage
46.5
Lot Size (SqFt)
2025540

Status Change Info

Under Contract Date
2025-06-01

Listing Info, Tax & Legal

HOA Fee
No
Last Taxes
3784
Last Tax Year
2017
As Is
Yes

Remarks & Misc

Remarks
Excellent 46.5 Acre Residential North Bay Waterfront Development Opportunity with almost 3/4 of a mile of pristine shoreline on North Bay and McKitchen's Bayou. This site is noted as Site 2 on the property aerial and part of a fragmented parcel consisting of 76.6 acres (Bay County Parcel Number 08671-000-000). Zoned Agriculture/Timberland (AG-2) in Unincorporated Bay County, rezoning & access to municipal water & sewer would require annexation into the City of Lynn Haven. Additional vacant waterfront and interior land parcels available from .84 acres to 130 acres along the Highway 2321 corridor in the Deer Point Lake and North Bay area. This property is west and adjacent to the Mill Bayou Residential Mixed Use Development and the new approved 97.8 acre Lynn Haven Bayou Park & Preserve.

More Information

Financing

Cash
Yes
Conventional
Yes

Lot Features

Survey Available
Yes
Waterfront
Yes
Wooded
Yes

Waterfront Feature

Shore – Natural
Yes

Lot Access

County Road
Yes
Dirt/Clay Road
Yes

Present Zoning

Agriculture
Yes

Utilities

Public Sewer Available
Yes
Water Available
Yes

Waterview

Bay
Yes
Bayou
Yes

Sale Type

As Is
Yes

Waterfront Type

Bay/Harbor
Yes
Bayou w/ Gulf Access
Yes

Property Features

Financing: Cash; Conventional Lot Access: County Road; Dirt/Clay Road Lot Features: Survey Available; Waterfront; Wooded Sale Type: As Is Utilities: Public Sewer Available; Water Available Waterfront Type: Bay/Harbor; Bayou w/ Gulf Access Waterfront Feature: Shore – Natural Waterview: Bay; Bayou Present Zoning: Agriculture
Listing Office: Counts Real Estate Group
Last Updated: March – 23 – 2026
Information deemed reliable but not guaranteed.