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Harrison Lilly Team

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

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305 E Beach Dr , Panama City, FL 32401
$4,500,000
Est. Payment: $24,861.85/mo
3.25 Acres
Status: Active | Days on site: 5
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BSGC - B3004,B0322
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly Team, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Harrison Lilly Team
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House Description

Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.
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Highlights

Listed by Chris S McCall , 850-814-9889 and Carl E Allen , 850-960-8808 Counts Real Estate Group Inc , 850-249-3615. Bay County Association of REALTORS

Property Type

Vacant Land
Lot/Acreage
3.25

County

Bay

Area

02 - Bay County - Central

 Neighborhood

No Named Subdivision

Listing ID

792242

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Interior Features

Exterior Features

Zoning:Resid Single Family, Resid Multi-Family, Other - See Remarks, City
Principal Interest
$24,862
Taxes
$2,869

Home Price

$4,500,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$900,000
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:
$24,861.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $24,861.85 $2,868.75 $0.00 $27,730.60
Yearly $298,342.22 $34,425.00 $0.00 $332,767.22
Total $8,950,266.66 $1,032,750.00 $0.00 $9,983,016.66

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: 2026-10-07T14:28:03.000Z

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