4700 Magnolia Beach Road, Panama City, FL 32408

$900,000
Property Type: Residential Land Lot Size (sq. ft.): 125,017 Status: Sold
Current Price: $975,000 List Date: 6/19/2021 Last Modified: 11/25/2024

Description

BACK ON MARKET!! Imagine what you can build on this 2.87 acre waterfront parcel. Perhaps an estate home facing St. Andrews Bay with a private road, multiple guest cottages, maybe tennis courts or equestrian stables. Already permitted for a dock, this coastal lot is ready for your dream home and maybe a multi car garage, large swimming pool and exercise workout facility as part of the vision. The possibilities are endless, and it starts here tucked away in a quiet area of ”Magnolia Beach” in unincorporated Bay County. This huge vacant lot boasts 100 feet on the water with 1253′ in depth allowing for many ideas for this parcel. Zoned for up to 8 single family homes, (Zoned R-1) one could easily accommodate several generation’s homes, in one location. Residential lots of this size are

Supplements: very rare, and coupled with boating capabilities, and a great location just minutes away from the Emerald waters and white sand beaches, the peaceful country feeling of open spaces on the coast, is a unique offering. Surrounded by the desirable gated and upscale residential communities of Bay Point, The Preserve by the Bay and the Magnolia Bay Club, a Private estate would fit in with the near-by world class golf, tennis and boating facilities. Coastal build out would be 30′ from the high water mark with Magnolia Beach at sea level to well above sea level for much of the remaining site– And those views! St. Andrews Bay, the up-lit Hathaway Bridge at night and the Port of Panama City Beach with deep water and quick access to the Gulf of Mexico. A dream come true. Please feel free to drive by 4700 Magnolia Beach Road to see this unique parcel.’

More Information MLS# 711059

Contract Info

List Price/Acre: 339721.25 Status: Sold List Date: 2021-04-21 List Price: $975,000 Current Price: $900,000

Location

Sub Area: 0319 – Beach – East Community/Resort: None Waterfront: Yes Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: From US Highway 98, turn South on Thomas Drive. Travel 1.8 miles to Magnolia Beach Road. Head East on Magnolia Beach Road (stay left at V in road) 1.6 miles. Property is on the North side of Magnolia Beach Road. This property is the West 1/4 (approximately) of the larger vacant and cleared property. Street #: 4700 Street Name: Magnolia Beach Street Suffix: Road Area: 03 – Bay County – Beach State: FL Zip Code: 32408 County: Bay Subdivision: [No Recorded Subdiv] Parcel ID: 31232-010-000 Legal Description: WITH LINE RUNNING N00.35’13” FROM POB TH RUN S 1253.20′ M/L TO POB 10 4S 15W -5.1- 69D1 BEG 1381.6′ E OF THE NLY R/W LINE OF MAGNOLIA BCH RD & THE W LINE OF US GOV LOT 8 FOR POB TH RUN E ALONG SAID R/W 99′ TH N 1269.39′ M/L TO WATERS EDGE OF ST ANDRE WS BAY TH WLY ALONG WATERS EDGE 100.1′ M/L TO INT

General Property Info

Acreage: 2.87 Lot Size (SqFt): 125017 Lot Dimensions: 100 x 1253 Beach Frontage: 100 Sub-Type: Vacant Land

Listing Info, Tax & Legal

HOA Fee: No Last Taxes: 7782 Last Tax Year: 2020 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: BACK ON MARKET!! Imagine what you can build on this 2.87 acre waterfront parcel. Perhaps an estate home facing St. Andrews Bay with a private road, multiple guest cottages, maybe tennis courts or equestrian stables. Already permitted for a dock, this coastal lot is ready for your dream home and maybe a multi car garage, large swimming pool and exercise workout facility as part of the vision. The possibilities are endless, and it starts here tucked away in a quiet area of ”Magnolia Beach” in unincorporated Bay County. This huge vacant lot boasts 100 feet on the water with 1253′ in depth allowing for many ideas for this parcel. Zoned for up to 8 single family homes, (Zoned R-1) one could easily accommodate several generation’s homes, in one location. Residential lots of this size are

Status Change Info

Sold Price/Acre: 313588.85 Under Contract Date: 2021-06-18 Sold Date: 2021-07-30 Sold Price: $900,000

Assumable Mtg Typ

Conventional: 1

Financing

Cash: 1 Conventional: 1

Lot Features

Aerials/Topo Availbl: 1 Waterfront: 1 Within 1/2 Mile to Water: 1

Waterfront Feature

Shore – Natural: 1 Waterfront Feet: 100

Lot Access

County Road: 1 Paved Road: 1

Present Zoning

County: 1 Resid Single Family: 1

Utilities

Electricity – Connected: 1 Public Sewer – Connected: 1 Water Connected: 1 Other – See Remarks: 1

Waterview

Bay: 1

Sale Type

As Is: 1

Waterfront Type

Bay/Harbor: 1 See Remarks: 1

Property Features

Assumable Mtg Typ: Conventional Financing: Cash; Conventional Lot Access: County Road; Paved Road Lot Features: Aerials/Topo Availbl; Waterfront; Within 1/2 Mile to Water Sale Type: As Is Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected; Other – See Remarks Waterfront Type: Bay/Harbor; See Remarks Waterfront Feature: Shore – Natural Waterview: Bay Present Zoning: County; Resid Single Family
Listing Office: Counts Real Estate Group Inc
Last Updated: November – 25 – 2024
Information deemed reliable but not guaranteed.