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$260,000
789657 MLS
HUGE INVESTMENT POTENTIAL!! Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike. Located in an opportunity zone. Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community. Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development. With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations. All measurements and items of importance are to be confirmed by buyer or buyer agent.

1014 Mercedes Avenue, Panama City

$37,000
789646 MLS
Looking for land but overwhelmed by permits, wetlands, and all the ''extra stuff'' that usually comes with building? This property already has much of the hard work completed for you. Welcome to 12109 Caruso Drive in Panama City, Florida -- an approximately 0.97-acre homesite with an approved Environmental Resource Permit already in place for a single-family home, pool, garage, yard, and driveway. What does that mean for you? It means the current owner has already gone through the lengthy and expensive environmental permitting process that many buyers don't realize can take months -- sometimes over a year -- to complete. Surveys, environmental studies, wetland evaluations, engineering plans, and mitigation requirements have already been addressed, potentially saving a future buyer significant time, stress, and thousands of dollars in upfront costs. Instead of starting from scratch, you can move forward with a property that already has a development plan approved through the state for a homesite with room for outdoor living and a pool. Public water and sewer are available at the road, along with electric access, making the building process even more convenient. The property offers a peaceful, natural setting while still being close to shopping, schools, dining, and everything Bay County has to offer. Whether you are planning your forever home, a private getaway, or simply investing in land for the future, this parcel offers flexibility and opportunity. Even better -- the seller is offering owner financing with only $14,000 down, making it easier to secure land now without traditional bank financing. Build sooner. Skip months of permitting headaches. Save money on upfront environmental work. And start creating your vision on a property that is already one step ahead.

12109 Caruso Drive, Panama City

$395,000
789572 MLS
Welcome to an extraordinary opportunity inside the prestigious gated waterfront community of Finnisterre -- one of Bay County's most exclusive luxury neighborhoods. Situated along the sparkling waters of St. Andrews Bay, this rare waterfront homesite at 3303 Terra Cotta offers a breathtaking setting to build a true coastal masterpiece. Surrounded by elegant custom homes, lush tropical landscaping, and winding private streets, Finnisterre is renowned for its upscale atmosphere, stunning architecture, and unmatched waterfront lifestyle. Residents enjoy beautifully maintained common areas, a private and peaceful setting, and a sense of luxury that is immediately felt the moment you enter the neighborhood. These exceptional lots feature expansive water views and a unique peninsula-style setting that creates an incredible sense of privacy and exclusivity. Boaters will appreciate the prime location just minutes from the Pass, providing quick and convenient access from St. Andrews Bay directly to the Gulf of America for world-class fishing, boating, waterfront dining, and endless days on the water. Whether you envision a luxury coastal estate with panoramic bay views, a private retreat surrounded by nature, or the ultimate entertaining property, this homesite offers a rare combination of beauty, location, and lifestyle that is becoming increasingly difficult to find along the Emerald Coast. Enjoy the perfect blend of tranquility and convenience while remaining close to premier marinas, golf courses, shopping, dining, and the white sand beaches that make Northwest Florida famous. Luxury waterfront opportunities like this in Finnisterre are exceptionally rare.

3303 Terra Cotta Drive, Panama City

$35,000
789518 MLS
DUPLEX ALLOWED Exceptional opportunity to own a spacious corner lot in a steadily growing area of Panama City. Offering excellent visibility, added accessibility, and flexible building potential, this homesite is ideal for those looking to build a primary residence, second home, investment property, or income-producing duplex. The corner lot positioning provides additional design possibilities for driveway placement, garage access, separate entrances, outdoor living areas, and overall site layout while creating an open feel and enhanced curb appeal. This property is well suited for duplex construction, making it an excellent opportunity for investors, builders, or buyers looking to live in one side while generating rental income from the other. With the continued demand for long-term and workforce housing in the area, the lot presents strong future income and development potential. Located in an area experiencing continued growth and development, this property offers the perfect balance of convenience and opportunity. Enjoy close proximity to shopping, restaurants, schools, parks, marinas, and nearby waterways while still having the flexibility to create your own private retreat or investment project. With easy access to major roadways, commuting throughout Panama City and surrounding areas is simple and convenient. Whether you envision a coastal-style duplex, modern new construction investment property, or custom-built residence with additional rental potential, this lot offers a blank canvas ready to bring your vision to life. Utilities are nearby, and the location makes it appealing for both full-time living and future resale value. Corner lots with this kind of flexibility, visibility, and development potential do not come available often. Take advantage of the opportunity to secure land in one of the area's expanding markets and start planning your future build today.Located in an area experiencing continued growth and development, this property offers the perfect balance of convenience and potential. Enjoy close proximity to shopping, restaurants, schools, parks, marinas, and nearby waterways while still having the space and freedom to create your own private retreat. With easy access to major roadways, commuting throughout Panama City and surrounding areas is simple and convenient. Whether you envision a coastal-style home with room for boat parking, a modern new construction investment property, or a custom residence designed exactly to your needs, this lot offers a blank canvas ready to bring your vision to life. Utilities are nearby, and the location makes it appealing for both full-time living and future resale potential. Corner lots with this kind of flexibility and location do not come available often. Take advantage of the opportunity to secure land in one of the area's expanding markets and start planning your future build today.

6412 Omoko Street, Panama City

$36,000
789491 MLS
Attention builders, future homeowners, and investors! This prime vacant lot offers an incredible opportunity just outside the Callaway city limits in a fast-growing area. Conveniently located within walking distance to Callaway Elementary and only minutes from Eastern Shipbuilding and Tyndall Air Force Base, this property provides both accessibility and long-term investment potential. This larger buildable lot features paved road frontage along with access to city water and sewer, making the building process even more convenient and cost-effective. Situated right next to the new Fox Glen subdivision, this location is ideal for a new construction home, rental investment, or buy-and-hold opportunity. Whether you're looking to build now or invest for the future, this property checks all the boxes for location, convenience, and potential.

718 N Fox Avenue, Panama City

$135,000
789453 MLS
Discover a rare opportunity to own nearly two acres of waterfront property , a boatable, spring fed lake known for its clear water, white sandy bottom, and pristine shoreline. Whether you are looking for adventure or relaxation, this property offers it all. Spend your days boating, fishing, wakeboarding, jet skiing, canoeing, or paddleboarding, or simply unwind and take in the peaceful lake views from your own backyard. With no HOA restrictions, you have the freedom to bring your vision to life. Build your dream home or create the perfect private weekend getaway. Tucked away from the hustle and bustle, Little Island Pond offers a quiet, laid back setting where properties like this rarely come available. Do not miss your chance to secure a unique slice of waterfront paradise.

462 E Highway 20, Panama City

$120,000
789404 MLS
Gorgeous 0.626-acre waterfront lot with access to the Gulf, offering an exceptional opportunity to build your dream home in a beautiful, serene setting, with no HOA restrictions. This spacious parcel provides ample room for a custom residence, outdoor living areas, and thoughtfully designed landscaping. Whether you envision a modern retreat, a traditional family home, or a peaceful coastal getaway, this property serves as the perfect canvas to bring your vision to life. Enjoy the freedom to design and build without HOA limitations, allowing flexibility for parking, storage, or additional features such as a pool, workshop, or outdoor entertainment space. Take advantage of the direct water access and create your own private oasis with stunning views and coastal living at its finest. Conveniently located with easy access to nearby amenities, this lot offers the perfect balance of privacy, space, and accessibility. Don't miss this rare opportunity to secure a versatile Gulf-access property and turn your dream into reality. Buyer to verify all measurements. Please verify if important.

00 Stephens Drive, Panama City

$80,000
789401 MLS
Gorgeous 0.223-acre lot offering an exceptional opportunity to build your dream home in a beautiful setting--with no HOA restrictions. This spacious parcel provides plenty of room for a custom residence, outdoor living areas, and thoughtfully designed landscaping. Whether you envision a modern retreat, a traditional family home, or a peaceful getaway, this property serves as the perfect canvas to bring your ideas to life. Enjoy the freedom to design and build without HOA limitations, giving you flexibility for parking, storage, or even additional features like a pool or workshop. Conveniently located with easy access to nearby amenities, this lot offers the perfect balance of privacy, space, and accessibility. Don't miss the chance to secure this versatile piece of land and turn your vision into reality. Buyer to verify all measurements. Please verify if important.

00 Charles Drive, Panama City

$80,000
789082 MLS
Build your dream home at 5309 Hometown Lane in the exclusive, gated community of Martinique! Located on the quiet East End of Panama City Beach, Martinique is highly sought after for its classic ''Old Florida'' charm, peaceful nature trails, and freshwater lakes. It's a very golf-cart-friendly neighborhood packed with great amenities, including an island-style community pool, a pavilion, a playground, and a basketball court. The location is unbeatable. You're just a short ride away from the white-sand beaches of St. Andrews State Park, the Grand Lagoon, Lighthouse Marina, and local waterfront staples like Captain Anderson's and The Grand Marlin. This is a great opportunity to secure a prime, buildable lot in one of PCB's best neighborhoods.

5309 Hopetown Lane, Panama City

$469,000
789064 MLS
Prime development opportunity in one of Panama City's most desirable coastal corridors. Conveniently located just minutes from Gulf Coast State College and Florida State University Panama City campus. This ±0.80-acre parcel offers exceptional potential for builders, developers, and investors looking to maximize returns in a high demand area. Positioned just across from the bay and surrounded by established homes, this property is ideally suited for subdivision into 4/5 residential lots or a custom smaller scale development. With its proximity to the bay, a multi story build may offer the opportunity for water views, adding long term value and appeal. With three sides of road frontage, access and layout flexibility make this site especially attractive for multiple build scenarios. Opportunities like this are hard to find. Motivated to sell! This location adds even more value, minutes from waterfront access, dining, shopping, and the continued growth of the Panama City market. Demand for new construction and short term rental opportunities in this area remains strong, making this a compelling play for both builders and long term investors.

2616 Mound Avenue, Panama City

$399,000
789048 MLS
PRICE DROP- MOTIVATED SELLERS! Accepting all offers until July 7th. Bring your best offer. Rare Land Opportunity with immediate Income-Producing Carriage House in Beach Drive Positioned on an expansive quarter-acre corner lot in the highly sought-after Beach Drive area, 710 Moore Circle presents a unique opportunity to secure valuable land in one of Panama City's most desirable locations. Just a short walk to St. Andrews Bay, this property offers the ideal setting to build, expand, or reimagine. The primary value lies in the land and its potential. The existing main residence is in need of a full renovation or possible redevelopment, allowing the next owner to design and create something truly special that maximizes the homesite and water view potential from a future build. Adding immediate upside, the property includes a charming two-bedroom carriage house that is already livable and well-suited for rental income, guest accommodations, or a temporary residence while building. Featuring wood flooring, an updated kitchen, inviting living space, and unique architectural details like skylights and a private balcony, this secondary structure blends character with functionality. Surrounded by mature live oaks and located within walking distance to downtown coffee shops, restaurants, breweries, parks, and the farmers market, this homesite offers both lifestyle and long-term value. Whether you're an investor, builder, or visionary buyer, this is a rare chance to secure land in a premier location with built-in income potential and endless possibilities.

710 Moore Circle, Panama City

$399,000
789039 MLS
Highly Motivated Seller! 11 ACRES! Bonus! Seller will remove the existing red iron building and offer a $25,000 price reduction, creating added flexibility and opportunity for future use of the property. Rare opportunity in booming Southport! This 11-acre property offers the space, privacy, and flexibility that is almost impossible to find today. Located on a paved road with no HOA, this property gives you the quiet lifestyle people want while still being close to everything--about 10 minutes to Lynn Haven, 20 minutes to the airport, and 30 minutes to the beaches and Pier Park. With new construction and growth expanding north, this is a prime opportunity for a private estate, family compound, or potential subdivision for multiple homes or spec builds. The property already has septic, well, power, and full camper hookups on site. There is plenty of room for your RV, boat, heavy equipment, and all the toys, plus space to create your own micro-farm with chickens, horses, goats, and more. A massive red iron building has also been started, offering approximately 14,000 square feet of heated and cooled space when completed. Permits are pulled, and a floor plan is available. Whether you are looking for land, privacy, investment potential, or room to build something big, this Southport property is an opportunity worth paying attention to, come tour today!

1002 Skunk Valley Road, Panama City

$539,000
788931 MLS
Water, power and boat lift already in place for you! Bring your boat now and build your dream waterfront home later! This is one of the few remaining deep-water canal homesites available in the gated community of Bay Point. Ready for construction, the property is already equipped with water, power, and a boat lift, saving valuable time and significant development costs. An added bonus is its ideal positioning, offering long, picturesque views down the canal rather than directly across, creating a more open and impressive waterfront setting. House plans are available, making it even easier to bring your vision to life. Enjoy direct deep-water access from your dock to the Gulf, whether you're heading out for a day of fishing, cruising to Shell Island, or simply enjoying life on the water. Bay Point is one of Panama City Beach's premier gated communities, featuring 24-hour security, a Jack Nicklaus championship golf course, a full-service marina, on-site dining, and beautifully maintained grounds. Conveniently located just minutes from St. Andrews State Park, Shell Island, shopping, restaurants, and the sugar-white beaches of the Gulf Coast. Rare opportunities like this don't come along often. Build exactly what you've been dreaming of in one of the area's most desirable waterfront communities. Seller is a Florida licensed real estate agent.

1420 Trout Drive, Panama City

$88,500
788732 MLS
FLOOD ZONE X! ZONED R-2! OPPORTUNITY TO BE SPLIT INTO 2! Rare chance to own a full 1 ACRE high and dry homesite on Kingswood Road in the rapidly growing Southport area of Bay County. This selectively cleared parcel offers a clean slate for your future build with no HOA and plenty of space to design and develop to fit your needs, subject to applicable Bay County requirements. Located near Edwards Rd with easy access to ECP Airport. With approximately 106.5 feet of road frontage and roughly 410 feet in depth, this lot provides a full acre of usable land while still maintaining a natural setting. Whether you are planning a primary residence, second home, or investment property, the layout and size offer excellent flexibility for a variety of potential uses. This property may also offer the potential for a future split into two half acre parcels. Buyer to verify all allowable uses, zoning, density, permitting, and subdivision requirements with Bay County. Located in a quiet, established area while still being centrally positioned, this property is approximately 20 to 30 minutes from Panama City, Lynn Haven, and the beaches. You are also just minutes from Deer Point Lake, multiple public boat launches, and the new Southport Sports Complex, making this an ideal location for both convenience and lifestyle. Opportunities like this are becoming increasingly limited, especially full acre parcels in this area offering this combination of usable land, location, and flexibility. If you have been searching for land in a growing area of Bay County, this property is worth a look. New survey available to Buyer.

9306 Kingswood Road, Panama City

$92,500
788731 MLS
FLOOD ZONE X! ZONED R-2! OPPORTUNITY TO BE SPLIT INTO 2! Rare opportunity to own a full 1 acre homesite on Kingswood Road in the rapidly growing Southport area of Bay County. This selectively cleared parcel offers excellent flexibility with no HOA and plenty of space to plan and develop your future property, subject to applicable Bay County requirements. A driveway and culvert are already in place, and the property includes an existing well and septic system. Seller makes no warranties as to the condition or functionality of the existing well or septic system. A recent survey is available, providing added clarity for future planning and development. This property may also offer the potential for a future split into two half acre parcels. Buyer to verify all allowable uses, zoning, density, permitting, and subdivision requirements with Bay County. With approximately 106.5 feet of road frontage and roughly 410 feet in depth, this high and dry Flood Zone X lot offers a full acre of usable space while still maintaining a natural setting. Located in a quiet, established area while still being centrally positioned, this property is approximately 20 to 30 minutes from Panama City, Lynn Haven, and the beaches. You are also just minutes from Deer Point Lake, multiple public boat launches, and the new Southport Sports Complex, making this an ideal location for both convenience and lifestyle. Opportunities like this are becoming increasingly limited, especially full acre parcels in this area offering this combination of usable land, location, and flexibility. If you have been searching for land in a growing area of Bay County, this property is worth a look. New survey available to Buyer.

9300 Kingswood Road, Panama City