4508 Magnolia Beach Road, Panama City Beach, FL 32408

$1,150,000
Property Type: Residential Land Lot Size (sq. ft.): 91,302 Status: Active
Current Price: $1,150,000 List Date: 3/04/2026 Last Modified: 3/04/2026

Description

Prime development opportunity in Panama City! This residential development site comes with engineered plans and a completed development order for multiple detached single-family homes. The property has already gone through the development order process with engineered plans that include road layout, drainage, utilities, and lot configuration, significantly reducing the time and cost required for a developer to move forward with construction. The proposed subdivision features a private internal roadway (Grand Magnolia Drive) with a total of 15 residential home sites designed for detached single-family residences. Located just minutes from the bay and surrounded by established neighborhoods and new residential development, this property offers an excellent opportunity for builders, developers, or investors looking for a ready-to-move-forward project in a rapidly growing area. Conveniently located near shopping, dining, schools, and major roadways while still offering a quiet residential setting. Development order and engineering plans available upon request. Buyer to verify all measurements, zoning, development details, and feasibility if important.

More Information MLS# 786238

Contract Info

List Price/Acre: 547619.05 Status: Active List Date: 2026-03-04 List Price: $1,150,000 Current Price: $1,150,000

Location

Sub Area: 0319 – Beach – East Community/Resort: None Waterfront: No Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: Take a right onto 4508 MAGNOLIA BEACH RD off Thomas Drive and go down and property will be on your left. Street #: 4508 Street Name: Magnolia Beach Street Suffix: Road Area: 03 – Bay County – Beach State: FL Zip Code: 32408 County: Bay Subdivision: No Named Subdivision Parcel ID: 31235-010-000 Legal Description: 10 4S 15W -9.10- 69D1 COM NE COR OF SECS TH S 903′ W 50′ S 264.38′ FOR POB TH W 460 SLY 183.49′ SELY 339.70′ SELYB 77.89′ NLY 101.83′ N 50′ ELY 50′ NLY 102.65′ TO POB LESS RD R/WS *AND* COM AT SE COR OF SE COR GOVT LOT 7 W 100′ FOR POB N 50′ E 22.14′ SWLY 75.63′ N 21.31′ TO POB ORB 1635 P 1256 ORB 1635 P 1260 ORB 2394 P 2113

General Property Info

Acreage: 2.1 Lot Size (SqFt): 91302 Lot Dimensions: Irregular Sub-Type: Residential Lots

Listing Info, Tax & Legal

HOA Fee: No Last Taxes: 5975 Last Tax Year: 2025 As Is: Yes

Remarks & Misc

Remarks: Prime development opportunity in Panama City! This residential development site comes with engineered plans and a completed development order for multiple detached single-family homes. The property has already gone through the development order process with engineered plans that include road layout, drainage, utilities, and lot configuration, significantly reducing the time and cost required for a developer to move forward with construction. The proposed subdivision features a private internal roadway (Grand Magnolia Drive) with a total of 15 residential home sites designed for detached single-family residences. Located just minutes from the bay and surrounded by established neighborhoods and new residential development, this property offers an excellent opportunity for builders, developers, or investors looking for a ready-to-move-forward project in a rapidly growing area. Conveniently located near shopping, dining, schools, and major roadways while still offering a quiet residential setting. Development order and engineering plans available upon request. Buyer to verify all measurements, zoning, development details, and feasibility if important.

Financing

Cash: 1 Conventional: 1

Lot Features

Site Plan: 1 Storm Sewer: 1 Survey Available: 1

Present Zoning

Resid Single Family: 1

Utilities

All Utilities: 1 Public Sewer Available: 1 Water Available: 1

Sale Type

As Is: 1

Property Features

Financing: Cash; Conventional Lot Features: Site Plan; Storm Sewer; Survey Available Sale Type: As Is Utilities: All Utilities; Public Sewer Available; Water Available Present Zoning: Resid Single Family
Listing Office: EXP Realty LLC
Last Updated: March – 04 – 2026
Information deemed reliable but not guaranteed.