21405 Panama City Beach Pkwy Panama City Beach, FL 32413

Positioned on 1.5 acres along US Highway 98, directly across from the entrance to Wild Heron, this newly rezoned CM parcel offers a rare opportunity in one of the fastest-growing corridors along the Emerald Coast. The property features approximately 512 linear feet of prominent highway frontage, with existing curb cuts and dedicated turn lanes from both directions, providing seamless access and strong visibility supported by high FDOT traffic counts. Located on the south side of the highway, the site sits within a short walk to the beach and along the primary route connecting 30A to the area's international airport, just 20 minutes away. The surrounding area continues to see significant investment, including the adjacent Sunnyside PUD and the 734-acre Wild Heron community, home to the Greg Norman-designed Sharks Tooth course and the newly introduced Davis Love III course, The Third, both part of the Watersound Club portfolio. Minutes from Inlet Beach, Rosemary Beach, and Alys Beach, the site is further supported by long-term regional growth driven by the St. Joe Bay-Walton Sector Plan, which allows for up to 170,000 residential units and 22 million square feet of commercial space. Ownership prefers a ground lease structure but remains open to a sale.