$6,475,000
5201 N LAGOON Drive
Panama City Beach, FL 32408
MLS# 668422



5201 N LAGOON Drive, Panama City Beach, FL 32408
  1 / 20  
5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408 5201 N LAGOON Drive, Panama City Beach, FL 32408

Property Description
The last large waterfront property on Grand Lagoon with immediate unobstructed deep-water access to the Gulf of Mexico. 4.95 Acres adjacent to the Lighthouse Marina. Submerged land lease in-place with 27 large existing boat slips (currently leased), and boardwalks. The developer planned to build the ''Grand Lagoon Yacht Club'', which was a 75 unit luxury waterfront condominium providing large units, expansive views over Grand Lagoon, the State Park and the Gulf of Mexico, boat slips and dry-dock storage facilities for their owners. Please review the attached conceptual renderings and plans. Call for further details or to setup a tour of the property.

Details
Maps
Contract Info
List Price: 6475000
List Price/Acre: 1308080.81
Current Price: 6475000
Sub-Type: Land/Acres
List Type: ERS
Named Exception: Y
Location, Tax & Legal
Street #: 5201
Street Direction: N
Street Name: LAGOON
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Area: 03 - Bay County - Beach
Sub Area: 0319 - Beach - East
Business Name: Grand Lagoon Yacht Club Site
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: Yes
Parcel ID: 31243-000-000
Section: 10
Township: 4S
Range: 15W
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Legal Description: 3 parcels. Long legal description attached.
Directions: Located on Grand Lagoon on the east-side of the Anderson Bridge. Travel south on Thomas Drive to the signalized intersection of North Lagoon Drive. Turn left (east) on North Lagoon at Captain Anderson's Restaurant. The 5 acre site is located on the right adjacent to Lighthouse Marina and The Grand Marlin Restaurant.
HOA Fee: No
General Property Info
Acres: 4.95
Lot Size (SqFt): 215622
Frontage Feet: 477
Is Subject Leased: Yes
Status Change Info
Status: Active
Waterfront Feature
Waterfront Feet: 477
Property Features
TransportationAccess: 2 - Lane; County Road; Paved
Existing Leases: 7 - 12 Months; Month To Month
Financing: Cash; Conventional
Lot/Parcel Access: County Road
Lot Features: Aerials/Topo Available; Survey Available; Waterfront
Project Facilities: Boardwalk; Boat Launch; Dock; Fishing; Marina; Waterfront
Sale Type: As Is
Utilities: Electric On Site; Gas - Natural; Phone; Public Sewer; Public Water; TV Cable
Waterfront Type: Lagoon w/ Gulf Access; See Remarks
Waterfront Feature: Other - See Remarks
Present Zoning: Commercial; County; Resid Multi-Family
Waterview: Lagoon

Listing Office: Counts Real Estate Group Inc

Last Updated: July - 30 - 2018

Information deemed reliable but not guaranteed.

Monday 17th of December 2018 05:01 AM