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$4,500,000 Just Listed

  • For Sale
  • Active
  • Commercial Land
  • 3.25 Acres
  • Updated 3 days ago
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Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.

Full Property Details for 305 E Beach Dr

General

  • Price: $4,500,000
  • Status: Active
  • Type: Commercial Land
  • Source: Bay_County
  • MLS ID: 792242
  • Updated: 7/6/2026
  • Added to Site: 4 day(s) ago

Location

  • County: Bay
  • Subdivision: No Named Subdivision
  • Driving Directions: From Downtown Panama City at the intersection of Harrison Avenue and East Beach Drive, travel east on Beach Drive, cross the Tarpon Dock Bridge over Massalina Bayou. The property is located on east side of Massalina Bayou at the base of the bridge to include all the way to the northwest corner of East 2nd Street

Community

  • Community Name: 02 - Bay County - Central

Lot Features

  • Property View: Bay, Bayou
  • Lot Size (Acres): 3.25
  • Lot Size (Sq. Ft.): 141,439
  • Lot Size: 3.25
  • Frontage: City Street, Paved
  • Zoning: Resid Single Family, Resid Multi-Family, Other - See Remarks, City

Water Features

  • Water View: Yes
  • Water Front Desc.: Bayou, Gulf Access, Riprap, Shoreline - Sand, Seawall, Shoreline - Natural, See Remarks
  • Water Front View: Bayou, Gulf Access, Riprap, Shoreline - Sand, Seawall, Shoreline - Natural, See Remarks

Disclosures and Reports

  • Special Conditions: Listed As-Is, Other
  • Legal Description: 9 4S 14W -1- 70A ALL THAT PART OF NW1/4 OF SW1/4 LYING S & E OF MASSALINA BAYOU LESS DAVIS PLATS & LESS PCLS -1.1- & -1.2 SUBJ TO CONS ESMT OR3108 P1693 SUBJ TO CONS ESMT OR3108 P1714 ORB 4754 P 1342
  • Property ID: 20154-000-000

Listed by Counts Real Estate Group Inc

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Listing agents

— 305 E Beach Dr —

  • Counts Real Estate Group Inc

  • Counts Real Estate Group Inc

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 305 E Beach Dr

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
6-81.5 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 305 E Beach Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/06/2026
Listed
$4,500,000
69.81%
MLS
9/30/2021
Sold
$2,650,000
—
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 305 E Beach Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,246
-2%
$775,052
—
2023
$12,557
6%
$775,052
—
2022
$11,809
-3%
$775,052
—
2021
$12,146
-3%
$775,052
—
2019
$12,527
7%
$775,052
—
2018
$11,736
1%
$775,052
—
2017
$11,615
-2%
$775,052
—
2016
$11,886
-6%
$775,052
-3%
2015
$12,589
1%
$798,340
—
2014
$12,482
8%
$798,340
—
2013
$11,557
—
$798,340
—
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.

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NMLS#: 1598647

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Listed by Counts Real Estate Group Inc

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305 E Beach Drive, Panama City, FL 32401 (MLS# 792242) is a Commercial Land property with a lot size of 3.25 acres. 305 E Beach Drive is currently listed for $4,500,000 and was received on July 06, 2026. Want to learn more about 305 E Beach Drive? 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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