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305 E Beach Drive, Panama City, FL 32401

Panama City
Local realty services provided by:CENTURY 21 Wimco Realty, Inc.
305 E Beach Drive,Panama City, FL 32401
$4,500,000
  • 3.25 Acres
  • Lots / Land
  • Active
Listed by: christopher s mccall, carl e allen
Office: counts real estate group inc
MLS#:1006912
Source:FL_ECAR

Price summary

  • Price:$4,500,000

About this home

Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer...

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Home facts

  • Listing ID #:1006912
  • Added:1 day(s) ago
  • Updated:July 05, 2026 at 03:21 PM

Structure and exterior

  • Lot area:3.25 Acres
  • Lot Features:Additional Land Available, Cleared, Corner, Irregular, Soil Map

Schools

  • High school:Bay
  • Middle school:Jinks
  • Elementary school:Cherry Street

Utilities

  • Water:Public Water
  • Sewer:Sewer Available

Finances and disclosures

  • Price:$4,500,000
  • Tax amount:$12,266 (2025)
The information being provided by Emerald Coast Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Emerald Coast Association Of REALTORS®. CENTURY 21 Wimco Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Wimco Realty, Inc., a broker participant of Emerald Coast Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Emerald Coast Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Emerald Coast Association Of REALTORS®. All rights reserved. FL_ECAR Member Broker: Charles Wimberly Jr

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