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$264,000
989803 MLS
Prime investment opportunity: six cleared and buildable lots ready for immediate development. This 30,000-sqft parcel offers a 100-ft depth and an impressive 300-ft frontage, allowing six individual 50' x 100' lots. The property is already rezoned, and the city confirms no subdivision conversion is required—simply install a front culvert for drainage. With local homes recently selling around $255K and build costs for a 1,200-sqft home averaging $110K-$130K, each project offers strong equity and compelling ROI. Multiply that potential by six and the profit becomes undeniable. The land also supports alternative strategies, including three duplexes for long-term cash flow or resale. Don't miss this versatile, high-return opportunity.

2911 E 5th Ct, Panama City

Listing courtesy of Salty Marlin Realty.

$114,000
980106 MLS
Prime Commercial Opportunity Near Watson Bayou - Cleared Corner Lot in Central Millville Business District Strategically situated at a busy intersection with dual road frontage, the site benefits from excellent accessibility and exposure, boasting a high daily traffic count of 21,500 vehicles (FDOT, 2017). This makes it an ideal location for businesses seeking maximum visibility and customer convenience. Discover the potential of this high-visibility corner parcel located in the heart of the revitalizing Millville Community of Panama City, just steps from the scenic Watson Bayou. Positioned within the Central Millville Business District and zoned General Commercial (GC-2), this cleared property offers unmatched flexibility for a wide range of commercial ventures retail, office, service industry, mixed-use development, and more. Whether you're an investor, developer, or business owner, this property presents a rare opportunity to establish a presence in an area poised for growth, with easy access to Downtown Panama City, major transportation routes, and waterfront attractions. Key Features: Zoned GC-2 - broad commercial use allowances High-traffic corner parcel with superior visibility Cleared and ready for development Two road access points for optimal traffic flow. Close proximity to Watson Bayou and Downtown Panama City Located within a designated business district, fostering economic development This is more than just a parcel it's a platform for your next successful venture.

425 Maine Ave, Panama City

Listing courtesy of Keller Williams Realty SRB.

$1,825,000
977593 MLS
4.5+/- acres available. This listing is for two parcels- 14605-000-000 and 14606-000-000. Zoned C3-A which is very flexible zoning and provides opportunity for investment and financial gain. C3-A Zoning encompasses all the uses of C1 and C2 which include (but are not limited to): Retail, Transportation, Warehouses, even Waste Management (the only type of warehousing not allowed is refrigeration products and like-kind refrigeration storage), maximum building height allowed is 100 feet. See photos for diagram of the types of warehouses. Four (4) 9100 square foot warehouses, and One (1) 7215 warehouse. 43,615 total square feet for warehouses. Ample room for driveways, water retention, and parking. There is a 2186 square foot home that can be remodeled (for renting or use it as a home for management or property oversight) or demolished to provide more room for parking and/or an additional warehouse. There is an option to demolish the current granite retail store fronting 15th Street, or convert it to your own retail space. You can even utilize the retail space as a check-in for management if you decide to build a storage facility. The Boot Store was sold and is not included in the 4.5+/- acres. Setbacks are: 25 feet off 15th Street and 5 feet off the sides. Commercial properties are to the east and west of this property.

2515 E 15th St, Panama City

Listing courtesy of Keller Williams Realty SRB.

$45,500
985502 MLS
Build Your Dream Home or place your manufactured home on this Ready-to-Go Corner Lot! This .25-acre lot at the corner of Bayou Avenue and E 6th Street offers the perfect opportunity for your next home or investment project. Recently bush hogged, the property has been cleared for easy access and future construction. Even better—city water, sewer, and power are already in place, saving you time and money on utility connections. Enjoy the convenience of being located in a neighborhood setting while still close to local amenities, shopping, and schools. With utilities ready and a freshly groomed lot, all that's left is your vision. Don't miss this chance to secure a prime corner lot that's truly ready for development! NO HOA!!!

525 Bayou Ave, Panama City

Listing courtesy of HomeBiz Properties.

$159,000
988100 MLS
Waterfront Lot with Gulf Access - Rare Opportunity in the Panama City area. Discover the perfect blend of seclusion and convenience with this stunning waterfront lot located in Callaway on the east end of Panama City. Just minutes from Tyndall Air Force Base and only a 30-minute drive to the white-sand beaches of Panama City Beach, this property offers a peaceful escape while keeping you close to everything the area has to offer. This is one of six prime waterfront lots available—buy one, two, or all six for an incredible investment or development opportunity. Each lot offers direct Gulf access, and this particular lot features its own dock, making it ready for you to build your dream home right away.

1444 W Park Dr, Panama City

Listing courtesy of EXP Realty LLC.

$65,000
783290 MLS
Prime Residential Vacant Lot in Sanctuary Beach ready for your new custom dream house! Gated subdivision, not in a flood zone (Flood Zone X), half a block from the community pool, and in the most beautiful neighborhood in Bay County! Located in an exclusive gated community, Sanctuary Beach, and perfectly positioned beside the 12th hole of the prestigious Bay Point Golf Course, this rare opportunity offers golf course views, woods, added privacy, and endless possibilities. Watch deer walking through your back yard! Secluded property, underground utilities, low association fees. Natural gas is an option on this lot for cooking and heating. Close to shopping, marinas, the Bay, golf courses, plenty of restaurants, entertainment, and minutes from the Gulf of Mexico. $175 New Buyer fee includes Capital Contribution Fee and Transfer fee per lot. Building restrictions have been lowered to make it easy to build.

3918 Bungalow Lane, Panama City

Listing courtesy of Coastal Living Realty & Associates.

$2,000
783046 MLS
This 4.9± acre development site, with up to 3± acres available, is centrally located in Panama City near the intersection of Highway 231 and Highway 77, the area's two primary north-south corridors. Pricing is per acre, and alternative parcel sizes may be considered. The property is currently accessible from Highway 77, with plans underway for an additional driveway on 17th Street that would provide multi-directional access to Highway 77 and convenient connectivity to Highway 98, the area's primary east-west corridor. The site is zoned General Commercial within the City of Panama City, allowing for a wide range of potential uses. A portion of the property was recently acquired by FDOT in connection with planned roadway improvements, including an overpass and two RIRO access points on the northbound Highway 77 access ramp. Acreage stated reflects the parcel size after the taking. Electric service is already in place, and Landlord may consider constructing improvements to accommodate a tenant's specific requirements.

1806 MLK Boulevard, Panama City

Listing courtesy of Clubbs Real Estate Group LLC.

$175,000
782968 MLS
11.6± Acres | Three Parcels | Private Homesite with Natural Ponds & Wildlife An exceptional opportunity to own three contiguous parcels totaling 11± acres, offering the perfect blend of space, privacy, and natural beauty. This expansive property invites you to embrace nature while creating your dream home, with ample room to build, explore, and enjoy the outdoors. The southern portion of the property features natural ponds, creating a peaceful backdrop and attracting abundant wildlife—ideal for those seeking a quiet retreat or a homesite that truly feels connected to the land. With multiple parcels, the property also provides flexibility for future use, estate-style living, or thoughtful site planning. Whether you envision a private homestead, a custom estate, or a long-term land investment, this property offers the acreage and setting to make it happen. Enjoy the serenity of country living with the freedom to design your home around open space, water features, and wooded surroundings. Properties of this size with natural water features and wildlife are increasingly hard to find—this is a rare chance to own a truly special piece of land.

10342 Heather Lane, Panama City

Listing courtesy of Think Real Estate.

$149,900
782886 MLS
Welcome to Laird Point, where waterfront living meets everyday ease. Tucked along a peaceful natural peninsula off the Intracoastal Waterway, this cleared homesite offers the rare opportunity to build your dream home with year-round deep water access right from your backyard. From your future dock, you can cruise straight from the bayou out to the Gulf, making this an ideal spot for boaters, anglers, and anyone who loves life on the water. The lot is ready to build and showcases beautiful water views, creating the perfect backdrop for morning coffee, sunset dinners, and everything in between. It's easy to picture stepping outside and heading straight to the water; whether for a day of fishing, kayaking, or simply enjoying the calm and quiet. Laird Point is known for its sense of privacy while still offering a strong community feel. Residents enjoy a variety of amenities, including tennis and pickleball courts, a basketball court, boat and RV storage, and scenic walking trails that wind through the neighborhood. It's a place where active living and coastal relaxation go hand in hand. If you've been searching for a waterfront lot that offers both natural beauty and lifestyle convenience, this is a special opportunity to create something truly yours.

1000 Spirit Sail Court, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$214,000
782227 MLS
Buildable Double Lot - Steps to the Water! Opportunity knocks... and this one is loud. Just one block off the water, this oversized double lot offers flexibility that's almost impossible to find in this part of Panama City Beach. Build two homes for maximum investment potential, or spread out and create one custom coastal dream home with room for everything you've ever pictured. Located just down the road from The Preserve on the Bay and Bay Point, you'll enjoy the convenience of premier neighborhoods—without the HOA fees. That's right... freedom to build what you want, how you want it. A two-story home on this property can capture peek-a-boo water views from the upper level, giving you that daily ''pinch-me'' moment. Even better, the lot sits in Flood Zone X, meaning no flood insurance requirement—a rare win this close to the coast. Whether you're a builder, investor, or someone ready to design your forever beach retreat, this location simply can't be beat.

4133 Catherine Street, Panama City

Listing courtesy of Beachy Beach Real Estate.

$264,000
781653 MLS
Prime Investment Opportunity: Seven Buildable Lots that's already CLEARED!! Unlock the potential of this amazing 30,000 sqft (0.68-acre) parcel, perfectly positioned for immediate development! The lot is a 100ft deep and has an impressive 300ft frontage, making it an ideal site for seven (7) individual 40' x 100' buildable lots. The best part is the lot is already zoned NEIGHBORHOOD RESIDENTIAL and per the city you could convert it to a minor subdivision, which doesn't take long!! Just $500 bucks to start the process and $50 per new addresses. That's a win-win situation for you!! The best part about this opportunity is the ROI, the average homes in that area sold in the past few months were about 255k. The average cost to build a 1200sqft house is 110k-130k. That leaves a lot of equity built into each home!! Now, do the math and times that by 7! Wouldn't you say that's worth it? Also, because the property has exceptional versatility, another option could be to build 3-Duplex units and cash flow or resell. ''The world is your oyster'' on this one. Don't miss your chance to secure a strategic cash flow opportunity.

2911 E 5th Court, Panama City

Listing courtesy of Salty Marlin Realty LLC.

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