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Harrison Lilly Team

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

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2524 Joan Ave , Panama City, FL 32408
$300,000
Est. Payment: $1,657.46/mo
0.54 Acres
Status: Active | Days on site: 107
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BGUL - B10910
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Harrison Lilly Team
Owner/Operator

House Description

Prime Development Opportunity in Panama City Beach - Short Term Rental District This parcel is one of four adjacent properties being offered together as a package sale, creating a rare development opportunity in a high-demand short term rental area of Panama City Beach. Collectively, the four parcels total approximately 1.79 acres and offer the potential to develop up to 16 single family homes (buyer to verify zoning, density, and development requirements). All parcels in the assemblage feature 250 feet of road frontage on Joan Avenue and 100 feet of frontage on Lagoon Knoll, providing excellent access and design flexibility for future development. The parcels have utilities available, reducing upfront development hurdles and making this an attractive site for builders and investors focused on vacation rental or residential income properties. Located just minutes from the beaches, popular restaurants, shopping and entertainment, this property sits in an area consistently sought after by visitors and second-home buyers alike. Property Highlights: *Part of a 4-parcel assemblage being sold together *Total combined acreage approx. 1.79 acres *Located in a short-term rental friendly area (buyer to verify local regulations) *Potential for up to 16 single-family homes across all parcels *250' frontage on Joan Ave. & 100' on Lagoon Knoll (The assemblage) *Utilities available *close to beach access, dining, attractions, and shopping *Ideal for developers, builders and short-term rental investors A rare chance to secure a well-located development footprint in one of Florida's most active vacation rental markets. (Buyer to verify all zoning, density, utilities, short-term rental regulations, and development feasibility)

Highlights

Listed by Alisa A Duren , 850-832-0950 Bluewater Realty of Bay County Inc , 850-832-0950. Bay County Association of REALTORS

Property Type

Vacant Land

Lot/Acreage
0.54

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Lagoon Heights

Listing ID

785090

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Interior Features

Exterior Features

Lot:Paved
Lot Dimensions:100 X 234
Zoning:Resid Single Family
Principal Interest
$1,657
Taxes
$118

Home Price

$300,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$60,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,657.46

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,657.46 $117.92 $0.00 $1,775.37
Yearly $19,889.48 $1,415.00 $0.00 $21,304.48
Total $596,684.44 $42,450.00 $0.00 $639,134.44

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, 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: 2026-10-07T08:07:44.000Z

© 2026 Bay County Association of REALTORS