7928 W Highway 388, Panama City Beach, FL 32413

$1,699,000
Property Type: Land Lot Size (sq. ft.): 348,480 Status: Pending
Current Price: $1,699,000 List Date: 8/03/2025 Last Modified: 4/29/2026

Description

Discover an incredible opportunity with this 8-acre property located in one of the most rapidly growing areas of Panama City Beach. Zoned WBC (West Bay Center) within the West Bay Sector Plan, this property offers exceptional flexibility for a wide range of development possibilities. At the rear of the property lies a picturesque pond, an ideal focal point for a future community amenity or serene natural retreat. Strategically positioned, this property is just two miles from the bustling Northwest Florida Beaches International Airport and one mile from thriving Latitude Margaritaville Watersound, a vibrant 55+ community poised for significant expansion.

Supplements: Its proximity to the newly established Tallahassee Memorial Healthcare Hospital and a growing commercial hub enhances its appeal. Adjacent to the upscale RiverCamps on Crooked Creek, the property benefits from a tranquil and desirable neighboring community. Utilities, including water and sewer, are conveniently located nearby, providing the essential infrastructure and flexibility for a visionary development. Whether you're envisioning a residential enclave or exploring the possibilities of commercial ventures, this prime acreage combines natural beauty, a strategic location and limitless potential to bring your vision to life.

More Information MLS# 966956

Contract Info

Listing Board: Emerald Coast List Price/Acre: 212375 List Date: 2025-01-23 List Price: $1,699,000

Location, Tax and Legal

Sub Area: 2711 - Bay North - West Bay Elementary School: West Bay Middle School: Surfside High School: Arnold Legal Description: BARRETT SUBDIV LOT 1 34C ORB 4737 P 443

General Property Info

Sub-Type: Vacant Land Acreage: 8

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 1967.2 Last Tax Year: 2024 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Discover an incredible opportunity with this 8-acre property located in one of the most rapidly growing areas of Panama City Beach. Zoned WBC (West Bay Center) within the West Bay Sector Plan, this property offers exceptional flexibility for a wide range of development possibilities. At the rear of the property lies a picturesque pond, an ideal focal point for a future community amenity or serene natural retreat. Strategically positioned, this property is just two miles from the bustling Northwest Florida Beaches International Airport and one mile from thriving Latitude Margaritaville Watersound, a vibrant 55+ community poised for significant expansion.

Waterfront

Pond: 1 Waterfront Feet: 0

Lot Features

Survey Available: 1 Within 1/2 Mile to Water: 1 Wooded: 1

Lot Access

County Road: 1 Paved Road: 1

Utilities

Other: 1

Zoning

Commercial: 1 Resid Multi-Family: 1 Resid Single Family: 1 See Remarks: 1

None

Current Price: $1,699,000

Status Change Info

Status: Pending Under Contract Date: 2026-04-25

Location Tax and Legal

Street #: 7928 Street Direction: W Street Name: Highway 388 Area: 27 - Bay County State: FL Zip Code: 32413 County: Bay Project Name/Subdivision: BARRETT S/D Parcel ID: 32598-000-000

Property Features

Lot Access: County Road; Paved Road Lot Features: Survey Available; Within 1/2 Mile to Water; Wooded Zoning: Commercial; Resid Multi-Family; Resid Single Family; See Remarks Waterfront: Pond Utilities: Other
Listing Office: Scenic Sotheby's International Realty
Last Updated: April - 29 - 2026
Broker Attribution: taylor@scenicsir.com

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.