$5,900,000
17851 Front Beach Road
Panama City Beach, FL 32420
MLS# 507505
Status: Sold



17851 Front Beach Road, Panama City Beach, FL 32420
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Property Description
RARE OPPORTUNITY!! Spectacular potential for Condominium Development with in-place foundation: Fully permitted for 234 gulf front condominiums and a 5 story parking garage perfectly located in city limits and the most desirable West Panama City Beach, only minutes from world renowned Rosemary and Alys Beach. Entitlements and existing infrastructure offered at $5,900,000 an 88% discount from owner's cash investment of $51,000,000 for land and improvements. Current development order. Completed plans by Collins and Associates for one, two and three bedroom condominiums with featured Gulf front amenities including pool, spas, exercise room, and lobby. Additional planned amenities include a conference room, game room, and parking garage. Construction begun in 2006 with $11 million dollars

Details
Maps
Contract Info
List Price: 5900000
List Price/Acre: 2099644.13
Current Price: 4150000
Sub-Type: Land/Acres
List Type: Exclusive Right of S
Named Exception: N
Location, Tax & Legal
Street #: 17851
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32420
County: Bay
Area: 03 - Bay County - Beach
Sub Area: 0325 - Beach - West South
Subdivision: Wells Gulf Beach Estates
Community/Resort: None
Waterfront: Yes
Parcel ID: 38405-000-000
Elementary School: Bay
Middle School: Surfside
High School: Arnold
Legal Description: BLK 1 MIRAMAR BEACH AND THE SLY R/W LINE OF FRONT BEACH RD TH SW ALONG THE WEST LINE OF LOT 52' S 30.91 SW 68 M/L TO WATRES EDGE TH NWLY ALONG WATER 380' M/L TH NORTH 163' M/L TO SLY R/W 14 3S 17W -5.1- 21B1 COM AT NE COR OF SEC TH W 880' S 543.10' TO NWLY R/W OF HWY 98 FOR POB TH NWLY ALONG R/W 322.41' TO THE ELY R/W OF SEAKOVE ST NELY ALONG ELY R/W 105' TH SELY 264.57' TO THE WLY R/W OF
Directions: PROPERTY IS LOCATED ON THE WEST SIDE OF PCB APPROX. 2 MILES WEST OF HWY 79, GULF FRONT PARCEL IS WEST OF SPLASH AND CELEDON CONDOMINIUMS AND IS GATED, NORTH PARCEL IS ACROSS FRONT BEACH RD., BETWEEN SEAKOVE AND DEERMONT STREET
HOA Fee: No
General Property Info
Acres: 2.81
Frontage Feet: 402
Status Change Info
Status: Sold
Under Contract Date: 2013-05-02
Sold Date: 2013-07-31
Sold Price: 4150000
Sold Price/Acre: 1476868.33
Waterfront Feature
Waterfront Feet: 336
Property Features
TransportationAccess: 2 - Lane; Paved
Financing: Cash; Conventional
Lot/Parcel Access: Paved Road
Utilities: Electric; Public Sewer; Public Water
Waterfront Type: Gulf
Present Zoning: Resid Multi-Family; Resort
Waterview: Gulf
Supplements
of improvements completed including foundation with plumbing infrastructure. Site is gated. Ideal zoning with gulf front parcel zoned T-2 and north parcel zoned T-3. T-2 is zoned for apartments, hotels, motels, condominiums, churches, clubs, lounges, lodges, parking lots, parking garages, business uses, including retail sales and services, and single-family dwellings. T-3- is zoned for apartments, arcades and game rooms, hotels, motels, condominiums, churches, clubs, lounges, lodges, parking lots, parking lots, parking garages, business uses, professional uses, personal services, drive-in facilities, retail sales and services, and single family dwellings. Overall beach front parcel has 336+/- gulf frontage with 431+/- road frontage and is approximately 1.65 acres. Garage parcel is 1.16 acres with 322+/- road frontage and is located North of Front Beach Rd. between Seakove Street and Deermont Street. New Bay County International Airport: Only 15 miles to the new airport and less than 3 miles to Simon Pier Park with 1.1 million sqft of new retail and restaurants. Call associate for property brochure.

Listing Office: ResortQuest Real Estate

Last Updated: February - 06 - 2018

Information deemed reliable but not guaranteed.

Friday 20th of July 2018 08:13 PM