Residential Waterfront Development Opportunity
Fanning Bayou Drive
Panama City, FL 32409
FOR SALE
Property Type:
Residential Land DevelopmentAmount:
$5,000,000
Cap Rate:
0.00%Last Verified:
Nov 05, 2025Daily Email Blast
0 times
Waterfront development opportunity with R-2 zoning already in place, allowing for up to 89 units.
Property offers deepwater access via Newman Bayou and North Bay, providing an ideal setting for waterfront living.
Conveniently located just 30 minutes from Panama City and Panama City Beach.
Panama City Beach is experiencing unprecedented growth and recognition, forecasted by CNN’s Money Magazine as the nation’s fastest-growing city and ranked as one of the Top 3 Beaches in the U.S. by TripAdvisor.
Readily available utilities and completed curb cuts for seamless roadway access.

