Residential Land for Sale in Panama City Beach, Florida

Prime PCB acreage just minutes from everything. Located less than 1 mile to the white sandy beaches and under 5 miles to Frank Brown Park, with quick access to 30A, this 1.65+/- acre tract on Malaga Place offers a rare opportunity to secure larger land near the coast. The property features public water and sewer available at the street and is zoned R-2, allowing for single & multi family opportunities. Surrounded by established neighborhoods and ongoing development, this location supports a wide range of potential uses, including townhomes, duplexes, or a small residential project. Larger tracts in this area are becoming increasingly scarce as nearby acreage trades at premium coastal values. Bonus opportunity: This parcel adjoins additional Malaga tracts that can be purchased separately or as a package for a combined ~3.7+/- acres, offering expanded development or investment potential.