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:
$2,450,000
List Date:
1/24/2018
Last Modified:
10/01/2024
Overview
Description
Listing Details MLS# 667207
Contract Info
- List Price/Acre
- 3376623.38
Location
- Street #
- 5501
- Street Name
- GULF
- Street Suffix
- Drive
- Area
- 03 – Bay County – Beach
- State
- FL
- Zip Code
- 32408
- County
- Bay
- Sub Area
- 0323 – Beach – South of Grand Lagoon
- Subdivision
- Gulf Lagoon Beach
- Community/Resort
- None
- Waterfront
- Yes
- Parcel ID
- 32308-000-000
- 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.
- 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
- Sub-Type
- Vacant Land
- Lot Dimensions
- 133.33 x 250
- Acreage
- 0.77
- Lot Size (SqFt)
- 33333
- Beach Frontage
- 133.33
Status Change Info
- Under Contract Date
- 2018-05-16
- Sold Date
- 2018-06-15
- Sold Price/Acre
- 3181818.18
Waterfront Feature
- Waterfront Feet
- 133.33
- Shore – Beach
- Yes
- Shore – Natural
- Yes
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
More Information
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.
Financing
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Cleared
- Yes
- Coastal Construction Control Line
- Yes
- Near Beach Access
- Yes
- Survey Available
- Yes
- Waterfront
- Yes
- Will Divide
- Yes
- Within 1/2 Mile to Water
- Yes
Lot Access
- County Road
- Yes
- Paved Road
- Yes
Present Zoning
- County
- Yes
- Resid Multi-Family
- Yes
- Resid Single Family
- Yes
- Other – See Remarks
- Yes
Utilities
- Public Sewer Available
- Yes
- Water Connected
- Yes
Waterview
- Gulf
- Yes
Sale Type
- As Is
- Yes
Waterfront Type
- Gulf
- Yes
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.