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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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000 W. Highway 388 , Panama City Beach, FL 32413
$2,600,000
Est. Payment: $14,364.63/mo
4.22 Acres
Status: Active | Days on site: 786
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BSG2 - B1965,B2140
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Harrison Lilly Team
Owner/Operator

House Description

Prime 4.22± acre commercial development site on W. Highway 388 in the heart of one of Florida's hottest markets, West Bay/Panama City Beach and home to Latitude Margaritaville, a mixed use development included in the 110,000± acre Bay-Walton Sector Plan. The site is strategically located just 1.5± miles south of the primary entrance to Latitude Margaritaville and 4± miles west of Northwest Florida Beaches International Airport. Convenient access just 700± feet east of the Highway 79 corridor and the West Bay Bridge, the gateway to Panama City Beach to the south, and Latitude Margaritaville to the north. Zoned General Commercial (C-3) in Unincorporated Bay County which allows for many commercial uses. Bay County public water and sewer are available along W. Highway 388. There currently is a 2,136± square foot home on the property built in 1975 which may or may not contribute value. This site with its current entitlements is ready for immediate commercial development.

Highlights

Listed by Charlie B Haas , 850-896-2240 and Jim Everitt , 850-814-9924 Counts Real Estate Group , 850-248-3615. Bay County Association of REALTORS

Property Type

Vacant Land

Lot/Acreage
4.22

County

Bay

Area

04 - Bay County - North

Neighborhood

[No Recorded Subdiv]

Listing ID

755176

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Interior Features

Exterior Features

Principal Interest
$14,365
Taxes
$1,658

Home Price

$2,600,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$520,000
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Monthly Price:
$14,364.63

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,364.63 $1,657.50 $0.00 $16,022.13
Yearly $172,375.51 $19,890.00 $0.00 $192,265.51
Total $5,171,265.18 $596,700.00 $0.00 $5,767,965.18

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:26:25.000Z

© 2026 Bay County Association of REALTORS