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$3,500,000 Just Listed
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Property Description
Nestled in the heart of Southport and located next to the tranquil waters of North Bay, this rare 40-acre waterfront property offers a truly unique opportunity. With a deeded easement already in place, this property is ideal for future development. The land features a beautiful mix of mature trees, open clearings, and serene water views, providing the perfect setting for those seeking natural beauty, and endless possibilities. It's minutes from Lynn Haven, Panama City, and the beaches, yet feels a world away. With no HOA, the potential here is as vast as the acreage itself. Opportunities like this are few and far between--don't miss your chance to own a rare piece of waterfront paradise in Southport.
Full Property Details
Full Property Details for 31 2S - 14W -5-
General
- Price: $3,500,000
- Taxes: $6,257 (2024)
- Status: Active
- Type: Vacant Land
- Source: Bay_County
- MLS ID: 778827
- Updated: 2/17/2026
- Added to Site: 2 day(s) ago
Location
- County: Bay
- Subdivision: [No Recorded Subdiv]
- Driving Directions: Start in Panama City, FL. Head north on US-231 N (also called FL-75). After about 6-8 miles, turn left onto County Road 2321 (CR-2321). Continue on CR-2321 for around 5-7 miles. Lot is located behind Fanning Bayou on the water.
School Information
- Elementary School: Southport
- Middle School: Deane Bozeman
- High School: Deane Bozeman
Community
- Community Name: 04 - Bay County - North
Lot Features
- Property View: Bayou
- Lot Size (Acres): 40
- Lot Size (Sq. Ft.): 1,742,400
- Lot Size: 40
- Lot Dimensions: 900 x 1300 x 1400 x 900
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Bayou, Gulf Access
- Water Front View: Bayou, Gulf Access
Financial Considerations
- Tax Amount: $6,257
- Tax Year: 2024
Disclosures and Reports
- Legal Description: 31 2S 14W 40A -5- 88 NE1/4 OF SE1/4 SUBJ TO ESMT FOR INGRESS & EGRESS AND ESMT TO FLA GAS TRANSMISSION CO AND N 30' OF E1/2 OF NW1/4 OF NW4 OF SE4 ORB 1562 P 1669 & 1672
- Property ID: 08424-000-000
Listed by Empire Real Estate of Florida LLC
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Price & Sales History for 31 2S - 14W -5-
Date
Details
Price
Change
Source
2/17/2026
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 31 2S - 14W -5-
31 2S - 14W -5-, Southport, FL 32409 (MLS# 778827) is a Vacant Land property with a lot size of 40 acres. 31 2S - 14W -5- is currently listed for $3,500,000 and was received on February 18, 2026. Want to learn more about 31 2S - 14W -5-? Do you have questions about finding other Vacant Land real estate for sale in Southport? You can browse all Southport real estate or contact a Coldwell Banker agent to request more information.

