$1,500,000
Panama City, FL 32401
MLS# 706257
Status: Sold
2100 sqft
1 / 12
Property Description
This development opportunity consists of multiple means of acquisition. Currently 23 lots would be inclusive to this sale. Each lot would have the availability to lease a deep water slip with each sale at the amount of $1,000.00 per slip per year. The boat slip has the capability of housing a boat up to 50' in length. This is an excellent investment opportunity to complete development of a waterfront community with excellent access to the Bayou and the Bay and the Gulf. The seller will consider financing the development with a minimum of 30% down. The Marina can also be purchased outright as well as the parcel where the marina office now exists. That parcel can be divided to build 3 more waterfront homes. The property does have the zoning to do some multi units as well.
Details
Maps
Contract Info
List Price/SqFt: 761.9
List Date: 2020-12-18
List Price: $1,600,000
Current Price: $1,500,000
Sub-Type: Other
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: Yes
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Harrison Ave and 6th St travel East on 6th St until you cross over Watson Bayou. Take next right on Maple and enter Watson Bayou Marina development on right.
Area: 02 - Bay County - Central
Street #: 409
Street Name: Maple
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 22307-000-000
Legal Description: The development property mas multiple Legal descriptions that are attached to listing.
General Property Info
List Class: Commercial
Acreage: 5
Immediate Occupancy: Yes
Construction Status: Under Construction
SqFt Tot Bldg: 2100
Year Built: 2021
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: This development opportunity consists of multiple means of acquisition. Currently 23 lots would be inclusive to this sale. Each lot would have the availability to lease a deep water slip with each sale at the amount of $1,000.00 per slip per year. The boat slip has the capability of housing a boat up to 50' in length. This is an excellent investment opportunity to complete development of a waterfront community with excellent access to the Bayou and the Bay and the Gulf. The seller will consider financing the development with a minimum of 30% down. The Marina can also be purchased outright as well as the parcel where the marina office now exists. That parcel can be divided to build 3 more waterfront homes. The property does have the zoning to do some multi units as well.
Status Change Info
Sold Price/SqFt: 714.29
Sold Price/Acre: 300000
Status: Sold
Under Contract Date: 2021-01-21
Sold Date: 2021-05-05
Sold Price: $1,500,000
Present Zoning
Resid Multi-Family: 1
Resid Single Family: 1
Association Amenities
Marina: 1
Waterfront: 1
Utilities
All Utilities: 1
Public Sewer - Connected: 1
Water Connected: 1
Waterview
Bayou: 1
Sale Type
Accept Backup Offers: 1
As Is: 1
Waterfront Type
Bayou w/ Gulf Access: 1
Waterfront Feature
Shore - Seawall: 1
Floors in Unit/Home
Three Or More: 1
Transport. Access
2-Lane: 1
4-Lane: 1
Property Features
Present Zoning: Resid Multi-Family; Resid Single Family
Sale Type: Accept Backup Offers; As Is
Utilities: All Utilities; Public Sewer - Connected; Water Connected
Waterfront Type: Bayou w/ Gulf Access
Waterfront Feature: Shore - Seawall
Waterview: Bayou
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.