305 E Beach Dr Panama City, FL 32401
South Panama City NeighborhoodEstimated payment $25,328/month
Highlights
- Home fronts a seawall
- Bay View
- No HOA
- Water access To Gulf or Ocean
- 3.25 Acre Lot
About This Lot
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 to immediately evaluate the project as a partially assembled waterfront
development opportunity, not raw land.
Property Details
Property Type
- Land
Est. Annual Taxes
- $12,266
Lot Details
- 3.25 Acre Lot
- Home fronts a seawall
- Property fronts a bayou
- Zoning described as City, Commercial, Other - See Remarks, Resid Multi-Family, Resid Single Family
Property Views
- Bay
- Bayou
Schools
- Cherry Street Elementary School
- Jinks Middle School
- Bay High School
Utilities
- Three-Phase Power
Community Details
Overview
- No Home Owners Association
Recreation
- Water access To Gulf or Ocean
- Rip-Rap
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,246 | $775,052 | $773,700 | $1,352 |
| 2024 | $12,557 | $775,052 | $773,700 | $1,352 |
| 2023 | $12,557 | $775,052 | $773,700 | $1,352 |
| 2022 | $11,809 | $775,052 | $773,700 | $1,352 |
| 2021 | $12,146 | $775,052 | $773,700 | $1,352 |
| 2020 | $12,319 | $775,052 | $773,700 | $1,352 |
| 2019 | $12,527 | $775,052 | $773,700 | $1,352 |
| 2018 | $11,736 | $775,052 | $0 | $0 |
| 2017 | $11,615 | $775,052 | $0 | $0 |
| 2016 | $11,886 | $775,052 | $0 | $0 |
| 2015 | $12,589 | $798,340 | $0 | $0 |
| 2014 | $12,482 | $798,340 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/01/2026 07/01/26 | For Sale | $4,500,000 | +69.8% | -- | |
| 12/05/2022 12/05/22 | Off Market | $2,650,000 | -- | -- | |
| 09/30/2021 09/30/21 | Sold | $2,650,000 | -32.1% | -- | View Prior Sale |
| 05/18/2021 05/18/21 | Pending | -- | -- | -- | |
| 03/30/2017 03/30/17 | For Sale | $3,900,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $2,650,000 | Shoreline Title Llc | |
| Warranty Deed | $750,000 | Stewart Title Company | |
| Warranty Deed | $6,900,000 | -- | |
| Warranty Deed | $3,650,000 | Mcgill Escrow & Title Llc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $5,175,000 | Purchase Money Mortgage |
Source: Central Panhandle Association of REALTORS®
MLS Number: 792107
APN: 20154-000-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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