CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS -- Prime Development Opportunity with Existing Residence on Expansive Acreage!
Rarely does a property offer this combination of immediate usability and long-term development upside. Situated on a large tract in a rapidly growing area, this property features an existing 2-bedroom, 1-bath residence, while presenting exceptional redevelopment potential for builders, developers, and investors.
Preliminary development discussions indicate the site may support approximately eight homes per acre, subject to all local, state, and federal approvals, engineering, zoning, permitting, and final governmental review. A small wetland area is believed to be mitigable through the purchase of wetland mitigation credits, potentially maximizing the property's overall development yield.
The existing residence provides flexibility as a temporary office, rental property, caretaker's home, or holding asset while planning and entitlement work is completed. This property is currently zoned for a large equestrian estate, and is truly one of a kind. On site there is county water, sewer, two lift stations, and a foundation that is build ready! Rare opportunity to own nearly 3 acres of property just 5 minutes to the sugar white sands of Panama City Beach.
Whether your vision is a boutique residential community, custom home enclave, strategic long-term investment, or an equestrian ranch or family estate, this property offers the scale and flexibility to bring that vision to life.
Buyer to independently verify all zoning, density, permitted uses, environmental conditions, utility availability, wetland delineation, mitigation requirements, and development feasibility with the appropriate governmental agencies and licensed professionals.
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Zillow last checked:
Listing updated:
Listed by:
Abbott Martin Group850-460-2900,
EXP Realty LLC,
Tyler D Southerland850-381-9270,
EXP Realty LLC
Source: CPAR,MLS#: 793159Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Property
Lot
Size: 2.87 Acres
Dimensions: 200 x 625
Features: Paved
Details
Additional structures: Pool House, Residence, Storage
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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