Address: 000 ALLANTON RD PANAMA CITY, FL 32404, USA Map It
$9,999,000: in PANAMA CITY
This serene piece of pristine coast covers 164.11 acres in Panama City, Florida, with its 7188' of shores on the Intercoastal Waterway. Located a leisurely boat ride away from the Gulf of Mexico, in the East Bay area, this tract of land is ideal for a waterfront community. This land is adjacent to, and available with, an additional 228.5 acres with additional water frontage. The combined acreage, of the two parcels, would be almost 400 acres of incredible development potential. This amazing parcel of land is one of the best and largest pieces of deep water land left in Panama City, Florida with huge potential for development. Local engineering firms have already done a preliminary feasibility study and this property could have 173 up to 232 lots per these studies. There is a complete packet of information on file, along with survey, wetland delineations, and lots of photos. There is also the possibility of having a marina with slips or indiviudal slips for the waterfront lots. Property is currently zoned two units per acre. The return on this property can be enormous.
