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$1,850,000

  • For Sale
  • Active
  • Commercial Land
  • 1.36 Acres
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Great Location off Business Highway 98 with road and water frontage. This Commercial Waterfront parcel Zoned GC-2 fronts Watson Bayou and sits next to the exclusive Watson Landings Marina for your boating needs. New 14 wet slips and custom lifts recently added with power and water to each slip. Hydraulic lifts on slips. More slips can be added going through the proper channels. Can accommodate plus 40 foot boat. All utilities in place with city sewer and water, as there used to be a dwelling on the premises prior to Hurricane. Land has a seawall (250 ft) in place and a 136 foot long boat Dock (deep water access), to include over 250 feet of waterfront. Excellent location and land size to build a storage facility, Retail, multi family or single-family homes as it is zoned Commercial and Mixed Use. Easy water access to Gulf with upscale marina next door for your boat fuel, storage and goods. New City Public Boat Ramp in close vicinity. Will seller finance if needed. Zoned Special Needs with tax incentives.

Full Property Details for 1524 E 5th Business 98 St

General

  • Price: $1,850,000
  • Status: Active
  • Type: Commercial Land
  • Source: Bay_County
  • MLS ID: 759811
  • Updated: 12/2/2025
  • Added to Site: 211 day(s) ago

Location

  • County: Bay
  • Subdivision: Bayou Plat
  • Driving Directions: Go East on Highway 98 and take a right on Martin Luther King Road. Passing Bay Medical on the left, you will take a left at the stop light and follow the road (East Business 98) until you see the vacant land on the right next to Watson Landings Marina.

Community

  • Community Name: 02 - Bay County - Central

Utilities

  • Sewer: Public Sewer
  • Utility Description: Sewer Available

Additional Structures

  • Other Structures: Other, See Remarks

Lot Features

  • Property View: Bay
  • Lot Size (Acres): 1.36
  • Lot Size (Sq. Ft.): 59,242
  • Lot Size: 1.36
  • Frontage: City Street, Paved
  • Zoning: Resid Single Family, Industrial Light, Multi-Family, Resid Multi-Family, Commercial, General Commercial

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Bayou, Gulf Access, Seawall
  • Water Front View: Bayou, Gulf Access, Seawall

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: 10 4S 14W -5- 81A BEG 900' E OF SW COR OF NW1/4 OF NW1/4 TH NWLY 175' ALG S BDRY RD 10 TH SLY AT RT ANGLE TO WATER THSELY ON BAYOU TO PT S OF BEG TH N TO BEG ORB 3510 P 1713
  • Property ID: 22235-000-000

Listed by Coastal Sun Realty LLC

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Listing agent

— 1524 E 5th Business 98 St —

  • Coastal Sun Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1524 E 5th Business 98 St

School District:Bay County School District
NameGradesDistance
Merriam Cherry Street Elementary School
1125 Cherry Street, Panama City, FL 32401
PK-50.8 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-82 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-121.6 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 1524 E 5th Business 98 St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/26/2025
Price Reduced
$1,850,000
-19.57%
MLS
2/16/2025
Price Reduced
$2,300,000
-4.17%
MLS
11/12/2024
Price Increased
$2,400,000
4.35%
MLS
9/21/2024
Price Increased
$2,300,000
4.55%
MLS
7/12/2024
Listed
$2,200,000
75.3%
MLS
5/14/2013
Sold
$1,255,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1524 E 5th Business 98 St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,432
8%
$280,648
8%
2024
$4,114
-7%
$259,335
—
2023
$4,406
6%
$259,335
—
2022
$4,165
-2%
$259,335
—
2021
$4,269
2%
$259,335
—
2019
$4,192
7%
$259,335
—
2018
$3,927
-32%
$259,335
-33%
2017
$5,813
-2%
$387,855
—
2016
$5,948
-3%
$387,855
—
2015
$6,116
1%
$387,857
—
2014
$6,064
-20%
$387,857
-26%
2013
$7,544
—
$521,137
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1524 E 5th Business 98 St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Coastal Sun Realty LLC

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1524 E 5th, Business 98 Street, Panama City, FL 32401 (MLS# 759811) is a Commercial Land property with a lot size of 1.36 acres. 1524 E 5th, Business 98 Street is currently listed for $1,850,000 and was received on July 23, 2025. Want to learn more about 1524 E 5th, Business 98 Street? Do you have questions about finding other Commercial Land real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

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