$12,000,000
Panama City, FL 32404
MLS# 768474
1 / 6
Property Description
Waterfront Development opportunity with access to East Bay and the Gulf of Mexico. With over 5,600 FF on Cook's Bayou, the property has a mixture of Oaks, Magnolia and Pines. +/- 150 upland acres located on a bluff along the waterfront. The majority of the uplands is Zone X or outside of the 500 year flood zone. The property is zoned Conservation Habitation at 2 units per acre or 514 units. Cook's Bayou Bridge has been raised to 9'6''. An upland cut marina with slips, docks and dredging could be entitled as part of the development. Located near Eastern Shipbuilding recently awarded a $10.5B US Coast Guard contract, 20 minutes from Tyndall AFB which is being rebuilt post hurricane with an expanded mission resulting in an additional 4,000 jobs.
Details
Maps
Contract Info
List Price/Acre: 42402.83
Status: Active
List Date: 2025-01-01
List Price: $12,000,000
Current Price: $12,000,000
Location
Sub Area: 0516 - Bay East - Sandy Creek/East Callaway Heights
Community/Resort: None
Waterfront: Yes
Elementary School: Callaway
Middle School: Everitt
High School: Rutherford
Directions: From Hwy 22 and Hwy 2297 go South on Hwy 2297 to just past the Cook's Bayou bridge. Subject property is on the East side of Hwy 2297.
Street #: 1025
Street Name: Hwy 2297
Area: 05 - Bay County - East
State: FL
Zip Code: 32404
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 07397-100-000
Legal Description: COOK'S BAYOU EST MAP 116 LOT 11 ORB 1760 P 296 ORB 2115 P 1385 ORB 2969 P 139 ORB 3002 P 1062
General Property Info
Acreage: 283
Lot Size (SqFt): 12327480
Lot Dimensions: Irregular
Sub-Type: Residential Lots
Listing Info, Tax & Legal
HOA Fee: No
As Is: No
Remarks & Misc
Remarks: Waterfront Development opportunity with access to East Bay and the Gulf of Mexico. With over 5,600 FF on Cook's Bayou, the property has a mixture of Oaks, Magnolia and Pines. +/- 150 upland acres located on a bluff along the waterfront. The majority of the uplands is Zone X or outside of the 500 year flood zone. The property is zoned Conservation Habitation at 2 units per acre or 514 units. Cook's Bayou Bridge has been raised to 9'6''. An upland cut marina with slips, docks and dredging could be entitled as part of the development. Located near Eastern Shipbuilding recently awarded a $10.5B US Coast Guard contract, 20 minutes from Tyndall AFB which is being rebuilt post hurricane with an expanded mission resulting
in an additional 4,000 jobs.
Financing
Cash: 1
Conventional: 1
Lot Features
Waterfront: 1
Within 1/2 Mile to Water: 1
Waterfront Feature
Shore - Natural: 1
Lot Access
State Highway: 1
Paved Road: 1
Present Zoning
Other - See Remarks: 1
Association Amenities
Fishing: 1
Waterfront: 1
Utilities
Electricity - Connected: 1
Internet - Broadband Available: 1
Sewer Available: 1
Public Sewer Available: 1
Waterview
Bayou: 1
Waterfront Type
Bay/Harbor: 1
Bayou w/ Gulf Access: 1
Property Features
Financing: Cash; Conventional
Lot Access: Paved Road; State Highway
Lot Features: Waterfront; Within 1/2 Mile to Water
Utilities: Electricity - Connected; Internet - Broadband Available; Public Sewer Available; Sewer Available
Waterfront Type: Bay/Harbor; Bayou w/ Gulf Access
Waterfront Feature: Shore - Natural
Waterview: Bayou
Present Zoning: Other - See Remarks
Listing Office: NAI TALCOR
Last Updated: December - 01 - 2025
Information deemed reliable but not guaranteed.