$12,200,000
Panama City Beach, FL 32413
MLS# 622933
Status: Sold
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Property Description
This stunning 13+ acre resort parcel is the largest contiguous waterfront property offering more beach frontage and access than any property available for redevelopment in Florida. Located in the Florida Panhandle on Panama City Beach, the property is in the heart of the state's most stable condominium market which is currently undergoing a dramatic transformation. Situated at the intersection of two main thoroughfares, the This is a Bank owned property. Property has 570-feet of dedicated beachfront and abuts a half-mile long protected beach reserve. Fully entitled for 998 hotel, timeshare or residential units and 43,000 square feet of retail space, the property represents significant land-bank and turnkey development opportunities. Milestones: Development Agreement for 998
Details
Maps
Contract Info
List Date: 2014-02-18
List Price: $12,200,000
List Price/Acre: 918674.7
Current Price: $10,300,000
Sub-Type: Land/Acres
List Type: Exclusive Right of S
Named Exception: n
Location, Tax & Legal
Street #: 13623
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32413
County: Bay
Area: 03 - Bay County - Beach
Sub Area: 0318 - Beach - Central South
Business Name: XXX
Subdivision: Bid-A-Wee
Community/Resort: Bid a Wee
Waterfront: Yes
Parcel ID: INCLUDES 3 SEPERATE PARCE
Elementary School: Bay
Middle School: Breakfast Point
High School: Arnold
Legal Description: INLCUDES 3 SEPERATE PARCELS
Directions: From Back Beach Road (Hy.98/Panama City Beach Parkway) take Argonaut (Chevron Station) south all the way to Front Beach Road. Take a left on Front Beach Road and the property encompasses both the south & north sides of Front Beach Road (the old Fiesta motel on the south side and the castle looking structure on the north side). Front Beach Road & Middle Beach Road/Hutchison Road intersect at this p
HOA Fee: No
General Property Info
Acreage: 13.28
Frontage Feet: 570
Is Subject Leased: No
Status Change Info
Status: Sold
Under Contract Date: 2015-09-03
Sold Date: 2015-12-31
Sold Price: 10300000
Sold Price/Acre: 775602.41
Waterfront Feature
Waterfront Feet: 570
Property Features
TransportationAccess: State Road
Financing: Cash; Conventional
Lot/Parcel Access: State Highway
Utilities: Electric On Site
Waterfront Type: Gulf
Present Zoning: Business; Commercial
Waterview: Gulf
Supplements
hotel, timeshare, or residential units & 43,000 SF of retail space, Development Order valid through 2013, 100% Design Drawings by Arquitectonica, Pre-Construction Engineering Services, DEP Permit, Soil Borings, All Environmental Reports, Wind Tunnel Study, Website. Demolition was completed in 2010.
Listing Office: Andrews & Arnsdorff Realty
Last Updated: March - 17 - 2017
Information deemed reliable but not guaranteed.
Thursday 9th of April 2020 08:29 AM
