DEVELOPMENT OPPORTUNITY!! Build a new City! Approximately 240 acres on the newly 4 laned FL HWY 79, a major route into Panama City Beach, FL. Hwy 79 goes through the brand new LATITUDE MARGARITAVILLE, WATERSOUND, FLORIDA, with approximately 150,000 planned homes, 2000 of which have already sold. This development is less than 30 minutes away. This 240 acre tract has approximately 1/2 mile of frontage BOTH SIDES of FL HWY 79, AND approximately 1/2 mile of frontage on Washington County Hwy 279 (Pate Pond Rd), PLUS approximately 1/2 mile of frontage on the Canoe Lovers Holmes Creek. Previous development efforts led to agreements between The City of Vernon, FL and Washington County, FL to cooperate in development with commercial, medium density and high density land uses.
Lot/land
$7,900,000
2839 Highway 79, Vernon, FL 32462
--beds
--baths
240Acres
Unimproved Land
Built in ----
240 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 131 days
- on Zillow |
- 195 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: April 05, 2025 at 09:32am
Listed by:
Suzanne Moore 850-527-7024,
Coldwell Banker Realty
Source: CPAR,MLS#: 771508
Originating MLS: Central Panhandle Association of REALTORS

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: Lake, River
- Has water view: Yes
- Water view: Lake,River
- Waterfront features: Gulf Access, River Front, Shoreline - Natural
- Frontage length: 7600.00,7600.00
Lot
- Size: 240 Acres
Details
- Parcel number: 000000000046250000
- Zoning description: Agriculture,Commercial
- Special conditions: Listed As-Is
Utilities & green energy
- Sewer: Septic Needed
- Utilities for property: Electricity Available, Water Not Available
Community & HOA
Community
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Vernon
Financial & listing details
- Tax assessed value: $230,277
- Annual tax amount: $505
- Date on market: 4/2/2025
- Listing terms: Cash
- Electric utility on property: Yes
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