For Sale
$8,000,000

1025 Highway 2297Panama City, FL 32404

257 Acres, Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional 257-acre waterfront development opportunity in Panama City, Florida, boasting 5,604 feet of navigable Cook's Bayou frontage and access to both East Bay and the Gulf of Mexico. This property features a diverse landscape of mature oaks, magnolias, and pines, with approximately 150 acres of uplands situated on a bluff overlooking the water. A significant portion of the uplands falls within Zone X, outside the 500-year flood zone. Zoned Conservation Habitation, the land allows for a density of 2 units per acre, yielding a potential of 514 units. Public water and sewer are available. The Cook's Bayou Bridge is slated for a height increase to 9'6" clearance. Development possibilities include an upland-cut marina with slips and residential docks, subject to permitting. The property's strategic location near Eastern Shipbuilding (recipient of a $10.5 billion US Coast Guard contract), 20 minutes from Tyndall AFB, and 1.5 miles from the Gulf Coast Parkway (part of the Florida Department of Transportation's 5-year plan to connect Highway 231 to Gulf County) presents significant long-term growth potential. This offering presents a rare chance to acquire a substantial tract of land with exceptional waterfront access and development potential in a rapidly growing area. Asking price: $8,000,000.

Highlights

  • 257+/- Acres of Upland Land
  • 5,604 Feet of Cook's Bayou Waterfront
  • Public Water & Sewer Available
  • Potential for 514 Residential Units

Property Details for 1025 Highway 2297

Property type
Land
Lot Size (sq. ft)
11,194,920 SF

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.1278695
Longitude
-85.498594
1025 Highway 2297, Panama City, Florida

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1025 Highway 2297
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