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$11,000,000 Just Listed

  • For Sale
  • Active
  • Commercial Residential Facility
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Property has been re-built from the ground up; so everything is brand new even the parking lot. This opportunity is about 95% complete. The asking price is about half of the true value. 90 rooms and another 6 or so comprising of the Lobby, Electrical, Washer and Dryer area etc. All of the furniture is in and the TV's are hung. It was formerly known as The Labrisa Inn. It is located just down the street from the new Tyndall Air Force Base. More pics and drone footage coming soon...

Full Property Details for 5711 E Hwy 98

General

  • Price: $11,000,000
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: Bay_County
  • MLS ID: 788472
  • Updated: 4/16/2026
  • Added to Site: 2 day(s) ago

Business

  • Name: Quality Inn

Interior

  • Flooring: Concrete

Parking

  • Parking Features: Paved

Location

  • County: Bay
  • Subdivision: [No Recorded Subdiv]
  • Driving Directions: 3 miles West of Tyndall Air Force Base on your right off of Tyndall Pkwy / Hwy 98 E.

School Information

  • Elementary School: Tyndall
  • Middle School: Everitt
  • High School: Rutherford

Community

  • Community Name: 02 - Bay County - Central

Heating & Cooling

  • Heating Type: Window Unit

Utilities

  • Sewer: Public Sewer
  • Utility Description: Sewer Available

Structural Information

  • Construction: Block, Concrete, Vinyl Siding
  • Roof: Shingle
  • Stories/Levels: 2
  • Year Built: 2025

Lot Features

  • Lot Size (Acres): 1.88
  • Lot Size (Sq. Ft.): 81,892.8
  • Lot Size: 1.88
  • Lot Features: Cleared
  • Zoning: General Commercial

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: 24 4S 14W -67.4- 119D4 BEG WLY COR LOT 7 BAY FRONT U-5 TH NELY 411.42' NWLY 199.89' SWLY 409.42' SELY 200.02' TO POB ORB 3686 P 1089
  • Property ID: 25818-040-000

Listed by Counts Real Estate Group Inc

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Listing agent

— 5711 E Hwy 98 —

  • Counts Real Estate Group Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 5711 E Hwy 98 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/16/2026
Listed
$11,000,000
942.65%
MLS
6/03/1999
Sold
$1,055,000
—
Public Record
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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 5711 E Hwy 98

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,424
—
$244,660
—
2024
$3,418
-1%
$244,660
—
2023
$3,460
35%
$244,660
—
2021
$2,572
3%
$244,660
—
2022
$2,487
-3%
$244,660
-12%
2021
$2,572
-8%
$278,987
6%
2019
$2,801
-75%
$263,870
-74%
2018
$11,066
-7%
$1,025,370
-5%
2017
$11,840
-7%
$1,075,122
-4%
2016
$12,775
-6%
$1,124,374
-3%
2015
$13,614
-4%
$1,154,224
-4%
2014
$14,180
7%
$1,203,974
-4%
2013
$13,294
—
$1,253,726
—
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 5711 E Hwy 98

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

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NMLS#: 1598647

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Listed by Counts Real Estate Group Inc

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5711 E Highway 98, Panama City, FL 32404 (MLS# 788472) is a Commercial Residential Facility property. 5711 E Highway 98 is currently listed for $11,000,000 and was received on April 16, 2026. Want to learn more about 5711 E Highway 98? Do you have questions about finding other Commercial Residential Facility 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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