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Land for Sale in Panama City Beach, Florida

23 3S 16W, Panama City Beach, FL 32407

$2,500,000
10.5 acres
Active sale
ago
Est $18,436/mo

Development opportunity in the heart of Panama City Beach! This approximately 10+ acre parcel offers investment potential with dual zoning--approximately half located within Bay County and zoned AG-2, and approximately half within the City of Panama City Beach and zoned RTH (Residential Townhouse). The RTH zoning presents an opportunity for residential development, and the adjoining AG-2 portion may have the potential to be annexed into the City of Panama City Beach, subject to city approval and applicable requirements. Conveniently located just minutes from Panama City Beach Parkway, shopping, dining, schools, and the Gulf beaches, this property is ideally positioned in one of the area's fastest-growing corridors. Whether you're a builder, developer, or long-term investor, this is a rare opportunity to acquire a sizeable tract with significant residential development potential in a highly desirable location. The property is adjacent to approximately 1.5 miles of the paved Gayle's Trails recreational path along its northern boundary. Buyer to verify zoning, annexation potential, permitted uses, dimensions, utilities, access, development feasibility, and all other pertinent information through their own due diligence.

Location

Street address
23 3S 16W
Zip code
32407
Elevation
20 feet
Coordinates
30.2093, -85.8206

Directions

PCB Pkwy to N Alf Coleman Road, left on Victoria Falls, property is at the end/corner of Victoria Falls/Waterfall and Inspiration Falls.

Property details

Acreage
10.46 acres
MLS #
BCAR 793079
Posted

Parcels

  • 34025-010-000

Legal description

Listing history

DateEventPriceChangeSource
July 24, 2026New listing$2,500,000BCAR
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This 10.46-acre property is located at 23 3S 16W in Panama City Beach, FL 32407. The land is available for sale, priced at $2,500,000 — $239,006 per acre.

Listed by Think Real Estate, (850) 890-6262

Checked 1 hour agoUpdated Source

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