0 Fonza RdPanama City, FL 32409

This exceptional 231-acre (+/-) bayfront development parcel presents a unique investment opportunity in Southport, Florida. Located on North Bay, this fully entitled property boasts approximately 8,000 feet of navigable waterfront access, offering unparalleled potential for a variety of development projects. Environmental permits are already secured, streamlining the development process. Previously approved for 218 residential units, this expansive site is situated adjacent to Fanning Bayou, Panama City's premier waterfront community. The property's strategic location benefits from significant population growth in Bay County, averaging 2,300 new residents annually, a trend projected to continue for the next two decades. Furthermore, the multi-billion dollar redevelopment of Tyndall Air Force Base into a state-of-the-art "Installation of the Future" promises sustained economic growth and increased demand for housing and related services. With 27 miles of coastline and abundant sunshine, the area offers a desirable lifestyle with ample opportunities for outdoor recreation, including fishing, boating, hiking, and golfing. The asking price for this remarkable property is $8,900,000. The lot size encompasses 10,062,360 square feet. This is a rare chance to acquire a large-scale development site in a thriving coastal community with significant long-term growth potential.