7222 Boat Race Rd Panama City, FL 32404
Estimated payment $10,499/month
About This Lot
Discover this rare investment opportunity! 7.137 acres of prime waterfront property in Panama City, Florida. Located on beautiful East Bay, directly across from Tyndall Air Force Base. This parcel is on the last deep water access east of Panama City with plans already in place for a state-of-the-art marina.
Fully entitled development opportunity with permitted commercial space totaling 16,310 sq/ft, and a 24,394 sq/ft parking lot. And 174 permitted slips.
-47 Docks situated in the serene Osprey Inlet.
-120 Docks located in the highly sought-after Callaway Bayou.
-6 temporary mooring slips and 1 fueling dock with temporary mooring.
This property is primed for development and designed to meet the growing demand for marina facilities.
Co-Listing Agent
John Staver
EXP Realty LLC License #3553867
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,090
Lot Details
- 7.14 Acre Lot
- Property fronts a bayou
- Property is zoned Commercial
Property Views
- Bayou Views
Schools
- Callaway Elementary School
- Everitt Middle School
- Bay High School
Listing and Financial Details
- Assessor Parcel Number 07378-000-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $2,090 | $150,408 | $150,408 | -- |
| 2023 | $2,090 | $150,408 | $150,408 | $0 |
| 2022 | $1,943 | $150,408 | $150,408 | $0 |
| 2021 | $1,995 | $150,408 | $150,408 | $0 |
| 2020 | $2,013 | $150,408 | $150,408 | $0 |
| 2019 | $2,010 | $150,408 | $150,408 | $0 |
| 2018 | $1,923 | $150,408 | $0 | $0 |
| 2017 | $1,722 | $129,848 | $0 | $0 |
| 2016 | $1,767 | $129,848 | $0 | $0 |
| 2015 | $1,824 | $129,848 | $0 | $0 |
| 2014 | $5,355 | $381,708 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Price Changed | $1,895,000 | -27.0% | -- |
| 04/14/2025 04/14/25 | Price Changed | $2,595,000 | -12.8% | -- |
| 02/03/2025 02/03/25 | For Sale | $2,975,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $176,334 | Dhi Title Of Florida Inc | |
| Deed | $176,400 | -- | |
| Warranty Deed | $1,034,800 | Attorney | |
| Warranty Deed | $14,171,300 | Attorney | |
| Warranty Deed | $30,000,000 | Attorney | |
| Warranty Deed | $10,000,000 | Attorney |
Source: Emerald Coast Association of REALTORS®
MLS Number: 967641
APN: 07378-000-000
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