Residential Land for Sale in Panacea, Florida

Prime residential lot opportunity in Crawfordville, Wakulla County. Situated in a desirable area, this property offers convenient access to nearby highways (approximately 0.6 miles), Christ Church Global (0.53 miles), and Shell Point Station (0.53 miles). The lot is located in Flood Zone VE, a high-risk coastal flood zone with velocity wave action (base flood elevation applies). Construction requires elevated structures on pilings/columns (no fill allowed), breakaway walls below the base flood elevation, and engineered foundations to resist waves/erosion-significantly increasing build costs and complexity. Flood insurance is mandatory with high premiums; local permits will demand strict elevation certificates, V-zone design compliance, and possible environmental reviews, potentially delaying timelines. No wetlands nearby, so no additional federal/state wetland permitting, mitigation, or build restrictions apply from this hazard. Buyer should verify all zoning, setbacks, utility availability, and development requirements with the Wakulla County Planning Department. The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.