Clara Ave, Panama City Beach, FL 32407
124.4 Acres of Residential Land Offered at $12,500,000 USD in Panama City Beach, FL 32407
For Sale
Active
Asking Price $12,500,000
- Property Type
-
Land
- Square Feet
- 5,418,864 SF
Listing Contacts
Chris McCall, SIOR
Property Overview
UPDATE: The second phase of the Clara Avenue extension is now completed and is now paved close to the south property line of the property. The extension has been cleared in to the south side of the property and up to the Gulf Power easement on the property. See attached aerial photos. Three new multi-family projects along the new Clara Avenue extension are now completed and 100% occupied, which include; "Clara Beach Way Residences"-257 apartments, "The Tyde at Clara Avenue"-#300 apartments. The adjacent"Colonial Landing" 20 acres recently sold for $6,500,000. It is fully-entitle and planned for a #200 unit townhome project (see updated pictures attached).
"The Oak Grove on West Bay" includes 124 Acres on West Bay in Panama City Beach, Florida. Located on the east-side of Colony Club, Holiday Golf Club and Trieste residential neighborhoods and the Holiday Golf Course. The property has over 1,200 feet on West Bay with expansive views across the Bay to the north. It is comprised of 3 parcels (see legal description above); A-59.8 Acres on West Bay, ''B''=60 Acre interior parcel and ''C''=+/-4.4 Acre parcel on West Bay and accessed via Moonlight Bay Drive. The two large tracts will have access via the Clara Avenue extension, which is a 100' right of way. The site has been annexed into the City of Panama City Beach and has P.U.D. and Conservation Zoning. The highest-and-best uses include, but are not limited to: single-family, multi-family and condo residential development, RV Resort, etc.. Conceptual site plans, surveys and maps are attached. Call for detailed information and to setup a tour.
"The Oak Grove on West Bay" includes 124 Acres on West Bay in Panama City Beach, Florida. Located on the east-side of Colony Club, Holiday Golf Club and Trieste residential neighborhoods and the Holiday Golf Course. The property has over 1,200 feet on West Bay with expansive views across the Bay to the north. It is comprised of 3 parcels (see legal description above); A-59.8 Acres on West Bay, ''B''=60 Acre interior parcel and ''C''=+/-4.4 Acre parcel on West Bay and accessed via Moonlight Bay Drive. The two large tracts will have access via the Clara Avenue extension, which is a 100' right of way. The site has been annexed into the City of Panama City Beach and has P.U.D. and Conservation Zoning. The highest-and-best uses include, but are not limited to: single-family, multi-family and condo residential development, RV Resort, etc.. Conceptual site plans, surveys and maps are attached. Call for detailed information and to setup a tour.
Property Details
- Property Subtype
- Residential/Multifamily
All available spaces
- Space
- Lot 1
- Size
- 5,418,864 SF
- Price
- $12,500,000
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