Panama City Beach - Beach Property For Sale #1788223

Investor alert! Don't miss this rare opportunity to maximize rental potential with a custom home, multi-family project or Bed & Breakfast on this oversized 85' x 165' (.33 acres) waterfront Bay/Lagoon lot in Panama City Beach. Conveniently located adjacent to Sheraton Hotel Bay Pointe amenities, this primely situated western waterfront lot has Bay/Lagoon views and views of Shell Island. Parcel is permitted for either 6,000 SF single family home or 6,200 SF duplex featuring approximately 3,100 sf each and four to five bedrooms. Property is zoned SR-1 Seasonal/Resort Residential with allowable building uses to include: R-1, R-3, R-5 and R-5A uses, Rental Beach Houses and Cottages, Bed and Breakfasts or Public Lodging Establishments not to exceed 60' in height. No HOA.