305 E Beach Drive, Panama City, FL 32401

Panama City
Local realty services provided by:ERA American Real Estate
305 E Beach Drive,Panama City, FL 32401
$4,500,000
  • 3.25 Acres
  • Lots / Land
  • Active
Listed by: christopher s mccall, carl e allen
Office: counts real estate group inc
MLS#:1006912
Source:FL_ECAR

Price summary

  • Price:$4,500,000

About this home

Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer...

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Home facts

  • Subdivision & Development:Pelican Pass
  • Listing ID #:1006912
  • Added:92 day(s) ago
  • Updated:October 04, 2026 at 03:10 PM

Structure and exterior

  • Lot area:3.25 Acres
  • Lot Features:Additional Land Available, Cleared, Corner, Irregular, Soil Map

Schools

  • High school:Bay
  • Middle school:Jinks
  • Elementary school:Cherry Street

Utilities

  • Water:Public Water
  • Sewer:Sewer Available

Finances and disclosures

  • Price:$4,500,000
  • Tax amount:$12,266 (2025)
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