7242 Bay Crest Rd Unit Lot 1 Panama City, FL 32409
Estimated payment $4,252/month
Highlights
- Water access To Gulf or Ocean
- Property fronts a bayou
- No HOA
About This Lot
DEEP WATER GULF ACCESS WATERFRONT PROPERTY! FULLY CLEARED 3.58 ACRES!This exceptional 3.58-acre lot on Gainer Bayou in Southport offers a unique chance to own deep water, Gulf-access frontage -- a truly rare find in Bay County. County has said 5 Homes could be build on this amazing piece of waterfront property! Recently cleared and boasting approximately 216 feet of waterfront along Bay Crest Road, the property provides direct access to North Bay and the Gulf of Mexico, making it perfect for boating, fishing, and coastal living.Zoned R-2 Residential, this versatile parcel supports a variety of residential uses. With paved road access, nearby public utilities like water and electric (septic needed), and no HOA or deed restrictions, you have the flexibility to design your ideal waterfront retreat or homestead.Despite its peaceful, natural setting, the location is incredibly convenient. You're just 10 minutes from Lynn Haven, 15 minutes to downtown Panama City, 20 minutes to Panama City Beach, 25 minutes from Northwest Florida Beaches International Airport, and 30 minutes to Tyndall Air Force Base. New community additions such as the Southport Sports Complex and a Dollar General currently under construction bring even more convenience to the area. One of the standout benefits of this Bay Crest waterfront lot is the unique zoning allowance permitting accessory structures--like a workshop, garage, or tennis court--to be situated in front of the main residence. This offers exceptional flexibility in design and functionality, making the most of the property's prime waterfront locationThis is a one-of-a-kind opportunity to create something special in a serene coastal setting with excellent access to everything Bay County has to offer.Note: Lot boundaries shown are for illustrative purposes only and do not represent a legal survey. Buyer to verify all information.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,614
Lot Details
- 3.58 Acre Lot
- Lot Dimensions are 192x821x216x758
- Property fronts a bayou
- Property fronts a county road
- Cleared Lot
Schools
- Southport Elementary School
- Deane Bozeman Middle School
- Deane Bozeman High School
Additional Features
- Bayou Views
- Septic Needed
Community Details
Overview
- No Home Owners Association
Recreation
- Water access To Gulf or Ocean
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 | $3,454 | $328,637 | -- | -- |
| 2023 | $3,454 | $311,689 | $225,016 | $86,673 |
| 2022 | $3,110 | $303,988 | $225,016 | $78,972 |
| 2021 | $3,156 | $299,678 | $0 | $0 |
| 2020 | $3,139 | $295,540 | $225,016 | $70,524 |
| 2019 | $3,142 | $296,187 | $225,016 | $71,171 |
| 2018 | $3,439 | $316,645 | $0 | $0 |
| 2017 | $3,511 | $317,292 | $0 | $0 |
| 2016 | $3,581 | $315,169 | $0 | $0 |
| 2015 | $3,677 | $312,978 | $0 | $0 |
| 2014 | $4,544 | $342,267 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | For Sale | $725,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $625,000 | Cornerstone Title Agency | |
| Warranty Deed | $375,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $325,000 | Lawyers Title Agency Of Nort |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | Construction | |
| Previous Owner | $345,000 | Seller Take Back | |
| Previous Owner | $292,500 | Purchase Money Mortgage |
Source: Central Panhandle Association of REALTORS®
MLS Number: 774688
APN: 07964-000-000
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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