9905 Florida 79 Panama City Beach, FL 32413
Estimated payment $4,303/month
About This Lot
This is an excellent opportunity for future commercial development in Panama City Beach, Florida, less than a mile north of Latitude Margaritaville, a booming master-planned community by St. Joe, featuring 3,500 new construction homes as well as a Publix Super Market-anchored shopping center that has just broken ground. Two separate parcels are combined here (9909 & 9905), offering 1.78 acres of land and 335' of road frontage on Hwy 79, with AADT of 16,200. The Northwest Florida Beaches International Airport, ranked the 4th fastest growing airport in the United States, is a little over 3 miles to the east. The new Tallahassee Memorial Hospital complex is just 6 miles to the south, with the first building opened this past summer and a large campus planned over 87 acres. This propertyis zoned Village Center, which allows for a multitude of uses, including R-5 (Residential), C-1 (Neighborhood Commercial), C-2 (Plaza Commercial), C-4 (Research and Design), Public Institutional, Parks and Open Space, Civic use and others. Village Center zoning allows for 10 dwelling units per acre. The current owners also applied for and received a CUP approval for operation of a WAREHOUSE FACILITY. Buyer is encouraged to contact Bay County Planning and Zoning to verify all zoning information. 2 septic systems, 2 well houses, and 2 power poles exist on site, along with numerous RV hookups. FDOT has already approved an entrance from 79 to property. Soil borings and geotechnical reports have been completed for a warehouse and can convey.The county currently allows for up to 8 mobile homes, which presents an opportunity to offset holding costs until further development. Existing RV hookups and water connections are on site now, but RV park is not an allowable use. This is the perfect opportunity to seize a commercial development opportunity in a booming area!St. Joe is working with the county to develop an additional 1702 acres across the street, between this parcel and the airport. That development is proposed to offer an additional 3,300 residential units and 450,000 sq ft of commercial space. St. Joe is negotiating with county on how utilities will be run to their property, but that proposed development should be a great asset to this property.
Listing Agent
Scenic Sotheby's International Realty License #BK3325676 Listed on: 12/28/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,822
Lot Details
- 1.78 Acre Lot
- Property fronts a highway
- Cleared Lot
- Zoning described as Commercial,Multi-Family,Other - See Remarks,Resid Multi-Family
Schools
- West Bay Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Well
- Septic Tank
Community Details
- No Home Owners Association
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 | $1,822 | $113,284 | -- | -- |
| 2023 | $1,822 | $102,985 | $197,173 | $2,950 |
| 2022 | $1,587 | $120,120 | $90,900 | $29,220 |
| 2021 | $1,617 | $119,181 | $90,900 | $28,281 |
| 2020 | $1,632 | $119,181 | $90,900 | $28,281 |
| 2019 | $1,630 | $119,181 | $90,900 | $28,281 |
| 2018 | $1,651 | $119,181 | $0 | $0 |
| 2017 | $1,677 | $119,181 | $0 | $0 |
| 2016 | $1,719 | $119,181 | $0 | $0 |
| 2015 | $1,770 | $119,181 | $0 | $0 |
| 2014 | $1,787 | $120,608 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/28/2024 12/28/24 | For Sale | $750,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $435,000 | Attorney | |
| Warranty Deed | $272,000 | First International Ttl Inc | |
| Warranty Deed | $265,000 | Dba Bay County Land & Abstra | |
| Warranty Deed | -- | Dba Bay County Land & Abstra | |
| Deed In Lieu Of Foreclosure | $249,700 | First American Title | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $304,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $250,000 | Seller Take Back |
Source: Central Panhandle Association of REALTORS®
MLS Number: 766588
APN: 32446-000-000
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