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$549,000
795231 MLS
ATTENTION FLORIDA INVESTORS & DEVELOPERS -- 3.69± ACRES NEAR THE BEACH, PIER PARK & PIRATES VOYAGE ATTENTION FLORIDA INVESTORS AND DEVELOPERS! Here is an opportunity to secure approximately 3.69 contiguous acres in one of Panama City Beach's quickly growing corridors--less than one mile from the beach and near Pier Park, Panama City Beach Parkway and Dolly Parton's Pirates Voyage Dinner & Show. Three adjoining parcels are being offered together for $549,000. The property has a Residential future land-use designation and current Bay County R-2 zoning, creating potential for a residential subdivision, townhome community or other residential development concept, subject to governmental approval and development requirements. Here are the numbers: recent nearby 0.07-acre residential lots sold for approximately $52,500 to $55,000, averaging about $53,333 per lot. At a conservative future retail value of $50,000 per finished lot, a conceptual 26-lot development would represent approximately $1.3 million in gross lot sales. A conceptual 31-lot development would represent approximately $1.55 million, while 36 lots could represent approximately $1.8 million in gross sales. These figures are illustrations only and are not representations of an approved lot count or guaranteed return. Actual yield and profitability will depend on zoning requirements, density, lot dimensions, access, roads, utilities, drainage, stormwater, wetlands, floodplain conditions, permitting and development expenses. Develop now or hold while continued residential, commercial and tourism investment expands throughout the Panama City Beach corridor. Large contiguous tracts this close to the Gulf and major attractions are increasingly difficult to find. Portions of the property appear to be within FEMA Flood Zone A. Buyers should complete independent due diligence and verify zoning, allowable density, flood designation, wetlands, utilities and suitability for their intended use.

641 Malaga Place, Panama City Beach

Listing courtesy of Performance Realty.

$120,000
995735 MLS
Step into coastal opportunity with this prime .22 of an acre lot at 621 Malaga Place—a tranquil street in Sand Dollar Estates. Just blocks from the Gulf and beach access, this parcel offers endless potential: build your dream beach home, vacation rental, or custom retreat in a no‑HOA neighborhood. The lot features an easy circular street and ample space for outdoor living, a pool, or RV parking. Surrounded by established homes and convenient to Pier Park's dining, shopping, and entertainment, it's the perfect foundation for your coastal lifestyle or investment plans.Nothing currently stands on this beautiful corner of paradise—just a canvas awaiting your vision. Come take a look today!

621 Malaga Pl, Panama City Beach

Listing courtesy of Keller Williams Realty Destin.

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Vendor Member Number : 28166