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$490,000
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Property Description
Enjoy exceptional waterfront living on this stunning .75-acre property featuring 90 feet of bayfront along beautiful East Bay in the heart of Bay County, Florida. The property also includes an oversized double garage, offering plenty of additional space for vehicles, storage, hobbies, and more. Privacy fencing creates a peaceful retreat where you can relax and enjoy the waterfront views, while a sprinkler system helps maintain your landscaping and garden. This property offers an unbeatable lifestyle location. Sidewalks provide easy access to two nearby parks, including a public pier, walking trails, a large wooded playground, and a Frisbee golf course--all within walking distance. Directly across the street, enjoy a wide variety of restaurants, cafés, bakeries, coffee shops, and dining options, including Thai, sushi, Italian, and more. A nearby full-service marina offers charter fishing excursions, waterfront dining, a tiki bar, and opportunities to gather and socialize. Zoned Mixed-Use, this property presents opportunities beyond personal enjoyment. Whether you envision a private waterfront retreat, short-term rental investment, multifamily development, townhomes, apartments, or up to 12 units, the development potential is substantial. Its prime frontage along Tyndall Parkway, with thousands of daily passing vehicles, also makes it a potential location for retail, hospitality, restaurant, or other commercial uses. Rarely does a property combine waterfront beauty, walkable amenities, flexible mixed-use zoning, and significant development potential in one offering. Whether you're seeking a waterfront homesite, income-producing investment, or development opportunity, this East Bay property offers a variety of possibilities. Some photos have been modified using AI. Buyer to verify all information deemed important.
Full Property Details
Full Property Details for 6135 E Hwy 98
General
- Price: $490,000
- Status: Active
- Type: Commercial Land
- Source: Bay_County
- MLS ID: 791816
- Updated: 8/29/2026
- Added to Site: 77 day(s) ago
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: Heading to TAFB from PCB, just pass Under The Oaks Park to the left, drive .8 of a mile, and you will see a sign Pelican Manner this 2935 HWY 98 E is at that sign. Legal Description: BLACKSHEAR-COOPER 1ST ADD (5.01) LOT 5 & NLY 1/2 LOT 6 ORB 851 P 793
Community
- Community Name: 02 - Bay County - Central
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Additional Structures
- Other Structures: Workshop
Lot Features
- Property View: Bay
- Lot Size (Acres): 0.75
- Lot Size (Sq. Ft.): 32,670
- Lot Size: .75
Water Features
- Water View: Yes
- Water Front Desc.: Bayfront, Gulf Access, Shoreline - Sand, Shoreline - Natural
- Water Front View: Bayfront, Gulf Access, Shoreline - Sand, Shoreline - Natural
Disclosures and Reports
- Legal Description: BLACKSHEAR-COOPER 1ST ADD (5.01) LOT 5 & NLY 1/2 LOT 6 ORB 851 P 793 SUB TO CITY OF PARKER ESMT
- Property ID: 26224-000-000
Listed by Keller Williams Success Realty
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Schools
Schools serving 6135 E Hwy 98
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Tyndall Elementary School 7800 Tyndall Pkwy, Tyndall Air Force Base, FL 32403 | PK-8 | 2.2 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 3.7 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 6135 E Hwy 98
Date
Details
Price
Change
Source
8/29/2026
Price Reduced
$490,000
-2%
MLS
6/24/2026
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6135 E Hwy 98
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,509
—
$197,535
10%
2024
$2,509
6%
$179,577
7%
2023
$2,367
239%
$167,363
63%
2021
$698
-1%
$102,491
-3%
2022
$702
1%
$105,566
-35%
2021
$698
-21%
$163,470
37%
2019
$884
4%
$119,262
4%
2018
$848
1%
$114,422
2%
2017
$842
—
$112,069
2%
2016
$841
-3%
$109,764
1%
2015
$869
1%
$109,001
1%
2014
$857
11%
$108,136
1%
2013
$769
—
$106,538
—
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
Estimate the Cost for 6135 E Hwy 98
6135 E Highway 98, Panama City, FL 32404 (MLS# 791816) is a Commercial Land property with a lot size of 0.75 acres. 6135 E Highway 98 is currently listed for $490,000 and was received on June 24, 2026. Want to learn more about 6135 E Highway 98? 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.

