7928 W Highway 388, Panama City Beach, FL 32413

$1,699,000
Property Type: Residential Land Lot Size (sq. ft.): 348,480 Status: Active
Current Price: $1,699,000 List Date: 8/03/2025 Last Modified: 2/24/2026

Description

Discover an incredible opportunity with this 8-acre property located in one of the most rapidly growing areas of Panama City Beach. Zoned WBC (West Bay Center) within the West Bay Sector Plan, this property offers exceptional flexibility for a wide range of development possibilities. At the rear of the property lies a picturesque pond, an ideal focal point for a future community amenity or serene natural retreat. Strategically positioned, this property is just two miles from the bustling Northwest Florida Beaches International Airport and one mile from thriving Latitude Margaritaville Watersound, a vibrant 55+ community poised for significant expansion. Its proximity to the newly established Tallahassee Memorial Healthcare Hospital and a growing commercial hub enhances its appeal. Adjacent to the upscale RiverCamps on Crooked Creek, the property benefits from a tranquil and desirable neighboring community. Utilities, including water and sewer, are conveniently located nearby, providing the essential infrastructure and flexibility for a visionary development. Whether you’re envisioning a residential enclave or exploring the possibilities of commercial ventures, this prime acreage combines natural beauty, a strategic location and limitless potential to bring your vision to life.

More Information MLS# 767649

Contract Info

List Price/Acre: 212375 Status: Active List Date: 2025-01-23 List Price: $1,699,000 Current Price: $1,699,000

Location

Sub Area: 0411 – Bay North – West Bay Community/Resort: None Waterfront: No Elementary School: West Bay Middle School: Surfside High School: Arnold Directions: From PCB Parkway (Highway 98), head north on Highway 79. Turn right onto Highway 388. The property is located approximately 1/4 mile on the right. Street #: 7928 Street Direction: W Street Name: Highway 388 Area: 04 – Bay County – North State: FL Zip Code: 32413 County: Bay Subdivision: Barrett Sub Parcel ID: 32598-000-000 Legal Description: BARRETT SUBDIV LOT 1 34C ORB 4737 P 443

General Property Info

Acreage: 8 Lot Size (SqFt): 348480 Lot Dimensions: 366×989 Sub-Type: Vacant Land

Listing Info, Tax & Legal

HOA Fee: No Last Taxes: 1967.2 Last Tax Year: 2024 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Discover an incredible opportunity with this 8-acre property located in one of the most rapidly growing areas of Panama City Beach. Zoned WBC (West Bay Center) within the West Bay Sector Plan, this property offers exceptional flexibility for a wide range of development possibilities. At the rear of the property lies a picturesque pond, an ideal focal point for a future community amenity or serene natural retreat. Strategically positioned, this property is just two miles from the bustling Northwest Florida Beaches International Airport and one mile from thriving Latitude Margaritaville Watersound, a vibrant 55+ community poised for significant expansion. Its proximity to the newly established Tallahassee Memorial Healthcare Hospital and a growing commercial hub enhances its appeal. Adjacent to the upscale RiverCamps on Crooked Creek, the property benefits from a tranquil and desirable neighboring community. Utilities, including water and sewer, are conveniently located nearby, providing the essential infrastructure and flexibility for a visionary development. Whether you’re envisioning a residential enclave or exploring the possibilities of commercial ventures, this prime acreage combines natural beauty, a strategic location and limitless potential to bring your vision to life.

Lot Features

Near Public Boat Ramp: 1 Survey Available: 1 Within 1/2 Mile to Water: 1 Wooded: 1

Lot Access

County Road: 1 Paved Road: 1

Present Zoning

Commercial: 1 Multi-Family: 1 Resid Multi-Family: 1 Resid Single Family: 1 Other – See Remarks: 1

Utilities

Other – See Remarks: 1

Waterview

Pond: 1

Property Features

Lot Access: County Road; Paved Road Lot Features: Near Public Boat Ramp; Survey Available; Within 1/2 Mile to Water; Wooded Utilities: Other – See Remarks Waterview: Pond Present Zoning: Commercial; Multi-Family; Resid Multi-Family; Resid Single Family; Other – See Remarks
Listing Office: Scenic Sotheby's International Realty
Last Updated: February – 24 – 2026
Information deemed reliable but not guaranteed.