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$147,500
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Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Discover the perfect canvas for your beach retreat on this 50' x 105' homesite at 509 Palm Beach Drive, ideally located on the desirable west end of Panama City Beach. Tucked into a quiet neighborhood yet just minutes from the Gulf, this property presents a rare opportunity: purchase the adjacent vacant lot as well to create a double homesite at a bundled price. With no HOA restrictions, public sewer available at the street, and plenty of space to design your ideal coastal residence, the options are wide open. Build your dream home, a vacation escape, or maximize income potential with a short-term rental. For builders, the ability to secure two side-by-side parcels offers the perfect chance to deliver multiple projects in a high-demand market. From this prime location, enjoy the best of both worlds, the serenity of Lake Powell and pristine Gulf beaches just blocks away, plus convenient access to 30A, Inlet Beach, Rosemary Beach, Pier Park, local dining, shopping, and entertainment. With land availability on the west end shrinking, opportunities like this don't come along often. Offered at $155,000 each or $300,000 for both lots together, an unbeatable value for such a versatile setup.
Full Property Details
Full Property Details for 509 Palm Beach Dr
General
- Sold For: $147,500
- Taxes: $1,158 (2024)
- Status: Closed
- Type: Land Residential
- Source: Bay_County
- MLS ID: 778348
- Added to Site: 175 day(s) ago
Location
- County: Bay
- Subdivision: Inlet Beach Heights
- Driving Directions: From Hwy 98 turn north onto Palm Beach Drive. Vacant Lot is on the left.
School Information
- Elementary School: West Bay
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Utilities
- Utility Description: Sewer Available
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,250
- Lot Size: .12
- Lot Dimensions: 50' x 105'
- Lot Features: Paved
- Zoning: County, Resid Single Family
Financial Considerations
- Tax Amount: $1,158
- Tax Year: 2024
Disclosures and Reports
- Legal Description: INLET BEACH HEIGHTS MAP 6A1 LOT 478 ORB 4200 P 2208
- Property ID: 36440-000-000
Listed by Corcoran Reverie
Sold by Local Insight Realty
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Schools
Schools serving 509 Palm Beach Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
West Bay Elementary School 14813 School Dr, Panama City Beach, FL 32413 | K-5 | 6.8 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 8.1 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 10.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 Palm Beach Dr
Date
Details
Price
Change
Source
1/30/2026
Sold
$147,500
-4.84%
MLS
8/29/2025
Listed
$155,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
509 Palm Beach Drive, Panama City Beach, FL 32413 (MLS# 778348) is a Land Residential property that was sold at $147,500 on January 30, 2026. Want to learn more about 509 Palm Beach Drive? Do you have questions about finding other Land Residential real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

