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Land for Sale in Panama City, Florida

W 231 Hwy, Panama City, FL 32405

$5,200,000
323 acres
Active sale
Est $38,566/mo

323 RAW ACREAGE AVAILABLE - Discover an exceptional development opportunity with approximately 323 acres strategically located along Highway 231. Zoned commercial/agriculture and offering multiple access points from the highway, this expansive property provides flexibility for a variety of potential uses. Its highest and best use may be a thoughtfully planned single-family residential community, with ample space to create a neighborhood that balances convenience, privacy, and Northwest Florida's natural surroundings. Located just a few miles from the busier areas of town and within convenient driving distance of the area's beautiful beaches, this property offers the accessibility today's buyers want while maintaining plenty of room to grow. A rare opportunity for developers and investors seeking substantial acreage in the path of future growth. Buyer to verify zoning, land use, access, utilities, environmental conditions, and development potential.

Location

Street address
W 231 Hwy
Zip code
32405
Elevation
60 feet
Coordinates
30.2922, -85.4969

Directions

From Panama City, head North towards Hwy 231. Continue on Hwy 231 for approximately 13 miles. Look for Agents signage on the left near Johnny Lane. There are multiple access points from Hwy 231. Contact Listing Agent.

Property details

Acreage
323 acres
Zoning
General Commercial, Agriculture
MLS #
BCAR 794189
Posted

Parcels

  • xxxxx-xxx-xxx

Legal description

Listing history

DateEventPriceChangeSource
Aug 18, 2026New listing$5,200,000BCAR
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This 323-acre property is located at W 231 Hwy in Panama City, FL 32405. The land is available for sale, priced at $5,200,000 — $16,099 per acre.

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

Checked 2 hours agoUpdated Source

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