5501 GULF Drive, Panama City Beach, FL 32408
$2,450,000
Property Type:
Residential Land
Lot Size (sq. ft.):
33,333
Status:
Sold
Current Price:
$2,600,000
List Date:
1/24/2018
Last Modified:
10/01/2024
Description
One of the last large Gulf-front lots available. The property includes 133 feet of Gulf-front land by 250 feet deep. The sellers will consider subdividing the property into two 66.7′ wide lots or even three 44.4′ wide lots (#3 lots would require a property owner’s association). Zoned SR-2, Seasonal Resort-2 in unincorporated Bay County. Maximum density is #11 units. Gulf Drive is a quiet Gulf-front street on the east-end of Panama City Beach. The property is down the street from Schooner’s-the last local beach club, and it is within walking distance to St. Andrew’s State Park. The marinas are within 1-mile along with other popular restaurants-Captain Anderson’s, The Grand Marlin, Sister’s of the Sea, etc. Additional pictures and the survey are attached. Call for additional information.
More Information MLS# 667207
Contract Info
List Price/Acre: 3376623.38
Status: Sold
List Date: 2018-01-22
List Price: $2,600,000
Current Price: $2,450,000
Location
Sub Area: 0323 – Beach – South of Grand Lagoon
Community/Resort: None
Waterfront: Yes
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: South on Thomas Drive, west of Schooner’s Local Beach Club. Turn south on Hurt Street to Gulf Drive. Look for large Gulf-front vacant lot at 5501 Gulf Drive.
Street #: 5501
Street Name: GULF
Street Suffix: Drive
Area: 03 – Bay County – Beach
State: FL
Zip Code: 32408
County: Bay
Subdivision: Gulf Lagoon Beach
Parcel ID: 32308-000-000
Legal Description: GULF LAGOON BEACH LOTS 4, 5 & W 33 1/3′ OF LOT 3 BLK 8 (5.01) ORB 3139 P 1323 ORB 3140 P 1
General Property Info
Acreage: 0.77
Lot Size (SqFt): 33333
Lot Dimensions: 133.33 x 250
Beach Frontage: 133.33
Sub-Type: Vacant Land
Listing Info, Tax & Legal
HOA Fee: No
Is Subject Leased: No
New Buyer Fee: No
Last Taxes: 9177
Last Tax Year: 2017
Brokerage Interest: No Interest
As Is: Yes
Section: 16
Township: 4S
Range: 15W
Remarks & Misc
Remarks: One of the last large Gulf-front lots available. The property includes 133 feet of Gulf-front land by 250 feet deep. The sellers will consider subdividing the property into two 66.7′ wide lots or even three 44.4′ wide lots (#3 lots would require a property owner’s association). Zoned SR-2, Seasonal Resort-2 in unincorporated Bay County. Maximum density is #11 units. Gulf Drive is a quiet Gulf-front street on the east-end of Panama City Beach. The property is down the street from Schooner’s-the last local beach club, and it is within walking distance to St. Andrew’s State Park. The marinas are within 1-mile along with other popular restaurants-Captain Anderson’s, The Grand Marlin, Sister’s of the Sea, etc. Additional pictures and the survey are attached. Call for additional information.
Status Change Info
Sold Price/Acre: 3181818.18
Under Contract Date: 2018-05-16
Sold Date: 2018-06-15
Sold Price: $2,450,000
Financing
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Coastal Construction Control Line: 1
Near Beach Access: 1
Survey Available: 1
Waterfront: 1
Will Divide: 1
Within 1/2 Mile to Water: 1
Waterfront Feature
Shore – Beach: 1
Shore – Natural: 1
Waterfront Feet: 133.33
Lot Access
County Road: 1
Paved Road: 1
Present Zoning
County: 1
Resid Multi-Family: 1
Resid Single Family: 1
Other – See Remarks: 1
Utilities
Public Sewer Available: 1
Water Connected: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Waterfront Type
Gulf: 1
Property Features
Financing: Cash; Conventional
Lot Access: County Road; Paved Road
Lot Features: Cleared; Coastal Construction Control Line; Near Beach Access; Survey Available; Waterfront; Will Divide; Within 1/2 Mile to Water
Sale Type: As Is
Utilities: Public Sewer Available; Water Connected
Waterfront Type: Gulf
Waterfront Feature: Shore – Beach; Shore – Natural
Waterview: Gulf
Present Zoning: County; Resid Multi-Family; Resid Single Family; Other – See Remarks
Listing Office:
Counts Real Estate Group Inc
Last Updated: October – 01 – 2024
Information deemed reliable but not guaranteed.