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$7,500,000 -$400,000 (-5.06%) Price Reduced

  • For Sale
  • Active
  • Commercial Land
  • 240 Acres
  • Updated 5 days ago
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DEVELOPMENT OPPORTUNITY!! Build a new City! Approximately 240 acres on the newly 4 laned FL HWY 79, a major route into Panama City Beach, FL. Hwy 79 goes through the brand new LATITUDE MARGARITAVILLE, WATERSOUND, FLORIDA, with approximately 150,000 planned homes, 2000 of which have already sold. This development is less than 30 minutes away. This 240 acre tract has approximately 1/2 mile of frontage BOTH SIDES of FL HWY 79, AND approximately 1/2 mile of frontage on Washington County Hwy 279 (Pate Pond Rd), PLUS approximately 1/2 mile of frontage on the Canoe Lovers Holmes Creek. Previous development efforts led to agreements between The City of Vernon, FL and Washington County, FL to cooperate in development with commercial, medium density and high density land uses.

Full Property Details for 2839 Hwy 79

General

  • Price: $7,500,000
  • Status: Active
  • Type: Commercial Land
  • Source: Bay_County
  • MLS ID: 771508
  • Updated: 1/12/2026
  • Added to Site: 287 day(s) ago

Location

  • County: Washington
  • Subdivision: No Named Subdivision
  • Driving Directions: Just North of the Holmes Creek Bridge on Florida State Highway 79, Vernon, Florida. The property lies within the fork of Florida Hwy 79 and Washington County Hwy 279 (Pate Pond Rd) and along the east side of FL ST Hwy 79.

Community

  • Community Name: 10 - Washington County

Utilities

  • Sewer: Septic Needed

Lot Features

  • Property View: Lake, River
  • Lot Size (Acres): 240
  • Lot Size (Sq. Ft.): 10,454,400
  • Lot Size: 240
  • Frontage: County Road, Highway
  • Zoning: Commercial, Agriculture

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Shoreline - Natural
  • Water Front View: Shoreline - Natural

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: 3 Parcel Numbers -4625-0000, -4603-0000, -4632-0000. Large Legal
  • Property ID: 00000000-00-4625-0000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 2839 Hwy 79 —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 2839 Hwy 79

School District:Washington County School District, Vernon, FL
NameGradesDistance
Vernon Elementary School, Vernon, FL
3665 Roche Avenue, Vernon, FL 32462
PK-40.7 mi
Kate M. Smith Elementary School
1447 South Boulevard, Chipley, FL 32428
PK-413.1 mi
Vernon Middle School
3190 Moss Hill Road, Vernon, FL 32462
5-81.9 mi
Roulhac Middle School
1535 Brickyard Road, Chipley, FL 32428
5-812.5 mi
Vernon High School
3232 Moss Hill Road, Vernon, FL 32462
9-122.1 mi
Chipley High School
1545 Brickyard Road, Chipley, FL 32428
9-1212.5 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 2839 Hwy 79 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/12/2026
Price Reduced
$7,500,000
-5.06%
MLS
4/02/2025
Listed
$7,900,000
731.58%
MLS
8/08/2008
Sold
$950,000
—
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 2839 Hwy 79

Year
Property Taxes
Change
Tax Assessment
Change
2025
$521
3%
100%
2024
$505
-1%
100%
2023
$512
—
100%
2022
$510
-3%
-100%
2021
$524
-4%
$37,061
—
2019
$547
-3%
$37,061
1%
2018
$563
—
$36,654
3%
2017
$564
-10%
$35,418
-8%
2016
$627
-2%
$38,619
—
2015
$640
8%
$38,619
8%
2014
$595
2%
$35,661
1%
2013
$584
—
$35,384
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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2839 Highway 79, Vernon, FL 32462 (MLS# 771508) is a Commercial Land property with a lot size of 240 acres. 2839 Highway 79 is currently listed for $7,500,000 and was received on April 05, 2025. This property is listed by Suzanne Moore from our Panama City Beach - Thomas Dr. Office.Want to learn more about 2839 Highway 79? Do you have questions about finding other Commercial Land real estate for sale in Vernon? You can browse all Vernon real estate or contact a Coldwell Banker agent to request more information.

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