Recreational Land for Sale in Panama City, Florida

Waterfront Development opportunity with access to East Bay and the Gulf of Mexico. With over 5,600' on Cook's Bayou the property has a mixture of Oaks, Magnolia and Pines. +/- 150 acres is uplands located on a bluff along the waterfront. The majority of the uplands is Zone X or outside of the 500 year flood zone. The property is zoned Conservation Habitation with a density of 2 units per acre or 514 units. An upland cut marina with slips, residential docks and dredging could be entitled as part of the development. Located near Eastern Shipbuilding recently awarded a $10.5B US Coast Guard contract, 20 minutes from Tyndall AFB and 1.5 miles from the Gulf Coast Pkwy in the FDOT's 5 year plan to connect Hwy 231 to Gulf County.