Panama City Beach, FL 32413,631 Malaga PL

$79,000

$79,000

Est.Price: ?

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Est. payment /mo

0.28 Acres Lot


SOLD DATE : 11/08/2024

Key Details

Sold Price $79,000

Property Type Vacant Land

Sub Type Residential

Listing Status Sold

Purchase Type For Sale

Subdivision Sand Dollar Estates

MLS Listing ID 764876

Sold Date 11/08/24

HOA Y/N No

Lot Size 0.280 Acres

Acres 0.28

Property Description

Less than one mile from the pristine sandy shores of Panama City Beach, this vacant land presents a remarkable opportunity for developers and investors. This spacious parcel of land encompasses a quarter of an acre, providing ample space for a multi-family development project. Need more land? There are three more parcels available for a total of 3.5 acres. Zoned for multi-family use, this property offers the potential to construct apartments, single family, or townhomes, catering to the high demand for housing in this sought-after coastal area. Up to 15 units per acre! No mobile homes/RVs allowed. The property's proximity to Panama City Beach's sandy shores, less than one mile away, ensures that residents will enjoy the ultimate beach lifestyle, with sun, surf, and relaxation just a short stroll from their doorstep. Panama City Beach consistently ranks as one of Florida's top tourist destinations, offering investors the potential for significant rental income and long-term appreciation. It's important to note that wetlands mitigation will be required for development. Our team can guide you through the necessary steps and connect you with experienced environmental consultants to ensure compliance with all regulations. Local Amenities: Beyond the beautiful beach, Panama City Beach offers a wide array of recreational activities, from water sports to golf, ensuring residents and visitors alike have plenty of options for fun and relaxation. The area is also known for its vibrant dining and entertainment scene, with numerous restaurants, bars, and shops nearby. Don't miss this unique opportunity to invest in prime multi-family land so close to Panama City Beach. Contact us today to learn more and take the first steps toward turning this coastal dream into a reality.

Location

State FL

County Bay

Area 03 - Bay County - Beach

Interior

Fireplace No

Exterior

Utilities Available Sewer Available, Water Available

Schools

Elementary Schools West Bay

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 37252-632-000

Financing Cash

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Listed by Performance Realty
Bought with Local Insight Realty
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