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.
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
- 122 days |
- 56 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Justin Cater LLC 850-819-7445,
EXP Realty LLC
Source: CPAR,MLS#: 786238
Originating 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
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $975,000-15.2% |
Source: | ||
| 3/4/2026 | Listed for sale | $1,150,000+170.6% |
Source: | ||
| 11/21/2023 | Sold | $425,000-57.5% |
Source: Public Record Report a problem | ||
| 4/30/2023 | Listing removed | -- |
Source: | ||
| 11/28/2022 | Price change | $999,000-9.2% |
Source: | ||
| 10/13/2022 | Price change | $1,100,000-8.3% |
Source: | ||
| 8/22/2022 | Listed for sale | $1,200,000+405.3% |
Source: | ||
| 2/6/2004 | Sold | $237,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 2.2 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 8.1 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 6 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Bay County
- Panama City Beach
- 32408
- Upper Grand Lagoon
- 4508 Magnolia Beach Rd
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