Discover this rare investment opportunity! 7.137 acres of prime waterfront property in Panama City, Florida. Located on beautiful East Bay, directly across from Tyndall Air Force Base. This parcel is on the last deep water access east of Panama City with plans already in place for a state-of-the-art marina. Fully intitled development opportunity with permitted commercial space totaling 16,310 sq/ft, and a 24,394 sq/ft parking lot. And 174 permitted slips. -47 Docks situated in the serene Osprey Inlet. -120 Docks located in the highly sought-after Callaway Bayou. -6 temporary mooring slips and 1 fueling dock with temporary mooring. This property is primed for development and designed to meet the growing demand for marina facilities.
Lot/land
Price cut: $700K (6/18)
$1,895,000
7222 Boat Race Rd, Panama City, FL 32404
--beds
--baths
7.14Acres
Unimproved Land
Built in ----
7.14 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fueling dockTemporary mooring slipsPrime waterfront propertyHighly sought-after callaway bayou
- 189 days
- on Zillow |
- 134 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 12:31pm
Listed by:
Abbott Martin Group 850-460-2900,
EXP Realty LLC
Source: CPAR,MLS#: 768202
Originating MLS: Central Panhandle Association of REALTORS

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: Bayou
- Has water view: Yes
- Water view: Bayou
- Waterfront features: Bayou, Gulf Access
Lot
- Size: 7.14 Acres
Details
- Parcel number: 07378000000
- Zoning description: Commercial,Other - See Remarks
Utilities & green energy
- Utilities for property: Other, See Remarks
Community & HOA
Community
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Tax assessed value: $17,072
- Annual tax amount: $234
- Date on market: 2/4/2025
- Listing terms: Conventional,Other,See Remarks
- Road surface type: Paved
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