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Lot/land
  • Price cut: $175K (6/12)
    $975,000

    4508 Magnolia Beach Rd, Panama City Beach, FL 32408

    --beds
    --baths
    2.1Acres
    Unimproved Land
    Built in ----
    2.1 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Surrounded by established neighborhoods
    MOTIVATED SELLER - READY TO BREAK GROUND! Exceptional development opportunity in one of Panama City Beach's fastest-growing areas. This shovel-ready residential project includes approved engineering plans and a completed Development Order, allowing a developer to significantly reduce the time, cost, and uncertainty typically associated with the entitlement process. The project is designed for 15 detached single-family home sites and includes engineered plans for road layout, drainage, utilities, and lot configuration. With much of the heavy lifting already completed, this is a rare opportunity to step into a development that is substantially advanced through the approval process and positioned for immediate execution. The proposed subdivision features a private internal roadway, Grand Magnolia Drive, creating an attractive residential setting surrounded by established neighborhoods and ongoing growth. Conveniently located just minutes from the bay, shopping, dining, schools, and major transportation corridors, the location offers strong appeal for future homeowners and builders alike. Whether you're a builder, developer, or investor, this property provides a clear path to development with approvals and planning already in place. Development Order and engineering package available upon request. Buyer to verify all measurements, zoning, development details, and feasibility.
    122 days
    |
    56
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Justin Cater LLC 850-819-7445,

    EXP Realty LLC

    Source: CPAR,MLS#: 786238MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Property

      Lot
      • Size: 2.1 Acres
      Details
      • Parcel number: 31235010000
      • Zoning description: Resid Single Family
      • Special conditions: Listed As-Is

      Utilities & green energy

      • Utilities for property: Sewer Available

      Community & HOA

      Community
      • Subdivision: No Named Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Tax assessed value: $431,803
      • Annual tax amount: $5,975
      • Date on market: 3/4/2026
      • Cumulative days on market: 123 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,703/mo

        Price history

        DateEventPrice
        6/12/2026Price change$975,000-15.2%
        Source: CPAR #786238 Report a problem
        3/4/2026Listed for sale$1,150,000+170.6%
        Source: CPAR #786238 Report a problem
        11/21/2023Sold$425,000-57.5%
        Source: Public Record Report a problem
        4/30/2023Listing removed--
        Source: CPAR #731191 Report a problem
        11/28/2022Price change$999,000-9.2%
        Source: CPAR #731191 Report a problem
        10/13/2022Price change$1,100,000-8.3%
        Source: CPAR #731191 Report a problem
        8/22/2022Listed for sale$1,200,000+405.3%
        Source: CPAR #731190 Report a problem
        2/6/2004Sold$237,500
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,306 +73.1%$431,803 +76.2%
        2023$3,065 +13.8%$245,123 +5.3%
        2022$2,693 $232,821
        2021-- --
        2020$2,494 -1.3%$205,029
        2019$2,526 $205,029
        2018$2,526 -1.6%$205,029
        2017$2,566 -0.7%$205,029
        2016$2,584 -4.5%$205,029
        2015$2,706 $205,029
        2014$2,706 $205,029

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Upper Grand Lagoon

        Getting around

        1 / 100
        Car-Dependent
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Patronis
        • Middle: Surfside
        • High: Arnold

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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