1025 Hwy 2297 | Panama City, FL 32404 Panama City, FL 32404

This exceptional 283-acre property presents a unique waterfront development opportunity in Panama City, Florida. Boasting over 5,600 feet of frontage on navigable Cook's Bayou, this expansive tract offers unparalleled access to the East Bay and the Gulf of Mexico. Approximately 150 acres of uplands are situated on a bluff, with the majority located in Zone X, outside the 500-year flood zone. The property is zoned Conservation Habitation, allowing for a density of 2 units per acre, yielding a potential of 514 residential units. Public water and sewer are readily available. The site features a diverse landscape of mature oaks, magnolias, and pines. Development possibilities include an upland cut marina with slips and residential docks, subject to permitting and entitlements. This location benefits from proximity to significant infrastructure, including Eastern Shipbuilding (recipient of a $10.5B US Coast Guard contract), Tyndall Air Force Base (20 minutes away), and the Gulf Coast Parkway (1.5 miles), which is slated for expansion in the Florida Department of Transportation's 5-year plan to connect Highway 231 to Gulf County. This is an exceptional investment opportunity with significant potential for high-value development. The property is easily accessible from Highways 22 and 2297. Located at 1025 Hwy 2297, Panama City, FL 32404. The asking price is $8,000,000.