12405 Front Beach Rd, Panama City Beach, FL 32407

Foreclosed Gulf Front Property! This is an incredible opportunity to own a gulf front development parcel with a third parcel just to the north. Located in a prime location adjacent to the county Pier with unobstructed views of the beach and Gulf of Mexico. The Gulf front portion of the lot offers two parcels of land combined (PID #'s 34089-000-000 and 34088-010-000), totaling .92 acres wtih 216 feet on the gulf. The non-contiguous parcel(PID # 34073-010-000), located approximately 123 yards north of the beach, is .83 acres. All three parcels together offer 1.75 acres (76,099 square feet). There is not a current development order in place, however, there was one previously for a high-rise beachfront condominium development (Renata Resort) for 130 units with 121 on-site garage parking spaces and over flow parking only steps away. This property is conveniently located to Pier Park, a 900,000 sq. ft. beautifully landscaped outdoor shopping mall and entertainment complex. The new Northwest Florida Beaches International Airport is only 20 minutes away and offers travel channels from all over the nation and direct flights within the US. From 2010 through 2012, inventory in Panama City Beach has drastically declined. There is a need for new inventory to hit the market and with the prices low, this is a great opportunity to own a great potential development site. Panama City Beach has some of the world's "most beautiful beaches." The crystal clear emerald green waters of the Gulf of Mexico and the shimmering white sands will not only take your breath away but will lend hours of entertainment with fishing, boating, swimming, snorkeling, surfing and more! Or just simply relax and enjoy the beauty that surrounds you. With the supportive infrastructure, Panama City is sure to be one of the most dynamic future economies in the State of Florida. CNN.com's Money Magazine rated Panama City Beach within the top cities for the fastest growth in the nation. Do not miss out on this incredible development opportunity.