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Mixed-Use Land for Sale in Panama City, Florida

6135 E Highway 98, Panama City, FL 32404

$430,000
0.75 acres
Active sale
$25k drop
Est $3,299/mo

Enjoy exceptional waterfront living on this stunning .75-acre property featuring 90 feet of bayfront along beautiful East Bay in the heart of Bay County, Florida. The property also includes an oversized double garage, offering plenty of additional space for vehicles, storage, hobbies, and more. Privacy fencing creates a peaceful retreat where you can relax and enjoy the waterfront views, while a sprinkler system helps maintain your landscaping and garden. This property offers an unbeatable lifestyle location. Sidewalks provide easy access to two nearby parks, including a public pier, walking trails, a large wooded playground, and a Frisbee golf course--all within walking distance. Directly across the street, enjoy a wide variety of restaurants, cafes, bakeries, coffee shops, and dining options, including Thai, sushi, Italian, and more. A nearby full-service marina offers charter fishing excursions, waterfront dining, a tiki bar, and opportunities to gather and socialize. Zoned Mixed-Use, this property presents opportunities beyond personal enjoyment. Whether you envision a private waterfront retreat, short-term rental investment, multifamily development, townhomes, apartments, or up to 12 units, the development potential is substantial. Its prime frontage along Tyndall Parkway, with thousands of daily passing vehicles, also makes it a potential location for retail, hospitality, restaurant, or other commercial uses. Rarely does a property combine waterfront beauty, walkable amenities, flexible mixed-use zoning, and significant development potential in one offering. Whether you're seeking a waterfront homesite, income-producing investment, or development opportunity, this East Bay property offers a variety of possibilities. Some photos have been modified using AI. Buyer to verify all information deemed important.

Location

Street address
6135 E Highway 98
Zip code
32404
Elevation
36 feet
Coordinates
30.1138, -85.599

Directions

Heading to TAFB from PCB, just pass Under The Oaks Park to the left, drive .8 of a mile, and you will see a sign Pelican Manner this 2935 HWY 98 E is at that sign. Legal Description: BLACKSHEAR-COOPER 1ST ADD (5.01) LOT 5 & NLY 1/2 LOT 6 ORB 851 P 793

Property details

Lot size
0.75 acres32,670 sq ft
MLS #
BCAR 791816
Posted

Parcels

  • 26224-000-000

Legal description

Details and features

Listing

Type
Commercial Sale
Franchise
Keller Williams Realty

Lot

Waterfront
Yes

Exterior

Structures
Workshop

Structure

Sewer
Public Sewer

Listing history

DateEventPriceChangeSource
Sept 18, 2026Price drop$430,000$25,000 -5.5%BCAR
Sept 10, 2026Price drop$455,000$34,500 -7%BCAR
Sept 9, 2026Price drop$489,500$500 -0.1%BCAR
Aug 30, 2026Price drop$490,000$10,000 -2%BCAR
July 4, 2026New listing$500,000—BCAR
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This 0.75-acre property is located at 6135 E Highway 98 in Panama City, FL 32404. The land is available for sale, priced at $430,000.

Listed by Keller Williams Success Realty, (850) 249-0313

Checked 1 hour agoUpdated Source

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