FL > Panama City Beach > [No Recorded Subdiv]
Panama City Beach, FL 32413,224 E Lakeshore DR
Panama City Beach, FL 32413,224 E Lakeshore DR
Panama City Beach, FL 32413,224 E Lakeshore DR
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$1,200,000
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3 Beds
3 Baths
2,344 SqFt
New

224 E Lakeshore DR Panama City Beach, FL 32413

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Randall Fisher

Randall Fisher

+1(850) 249-2050

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,344 sqft

Price per Sqft $511

Subdivision [No Recorded Subdiv]

MLS Listing ID 783112

Style Coastal

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1990

Annual Tax Amount $1,729

Tax Year 2024

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type Single Family Residence

Property Description

Prime development opportunity in the heart of Laguna Beach! Located just ~390 yards from the Gulf and near the area's highly sought-after ''Reserved Beach'', 224 E Lakeshore Drive offers exceptional upside for builders, developers, and long-term investors.

This .407-acre parcel is zoned Bay County R-2 (Urban), allowing for duplexes, townhomes, and multiple dwelling units, making it ideal for redevelopment. The true value lies in the development flexibility—the property may be subdivided into multiple lots (up to approximately 4, subject to county approval) or developed as a multi-unit project, including duplexes or townhomes.

The R-2 zoning supports a variety of configurations, including:

Duplex or townhome development

Potential lot splits for multiple single-family or attached residences

Higher-density residential build-out consistent with surrounding newer construction

City utilities are available, and the site is surrounded by newer homes and townhome projects, reinforcing both market viability and resale potential. Whether your strategy is to split lots, build duplexes, or develop townhomes, this property presents a rare opportunity west of Front Beach Road in an area with limited remaining undeveloped land.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Luxury Vinyl Plank

Fireplace No

Appliance Electric Range

Exterior

Exterior Feature Patio

Garage Spaces 3.0

Garage Description 3.0

Fence Full, Chain Link, Fenced

Community Features Short Term Rental Allowed

Utilities Available Electricity Available, Sewer Available

Roof Type Shake

Porch Enclosed, Patio, Covered, Porch

Building

Architectural Style Coastal

New Construction No

Schools

Elementary Schools West Bay

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 37365-000-000

Listed by Think Real Estate

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Randall Fisher

Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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224 E Lakeshore DR

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