7242 Bay Crest Road, Panama City, FL 32409

Property Description

ZONED R-2 UP TO 5 UNITS PER ACRE! DEEP WATER GULF ACCESS WATERFRONT PROPERTY! FULLY CLEARED 5.13 ACRES! This exceptional 5.13-acre waterfront property on Gainer Bayou in Southport presents a rare opportunity to own direct deep-water Gulf-access frontage, a true find in Bay County. Recently cleared and ready for development, the property offers approximately 348 feet of waterfront along Bay Crest Road and 288 feet of road frontage, providing direct boat access to North Bay and the Gulf of America. Whether you're envisioning a private waterfront estate, family compound, or custom residential development, this property combines natural beauty, privacy, and flexibility. Zoned R-2 (Residential), it allows for a variety of residential uses and even the possibility of multiple homesites (subject to verification). With paved road access, nearby public utilities including electric and water (septic required), and no HOA or deed restrictions, you have the freedom to design your ideal waterfront retreat or investment project. Despite its peaceful, secluded setting, the location offers excellent convenience. You're just 5 minutes from Lynn Haven, 15 minutes to downtown Panama City, 20 minutes to Panama City Beach, 25 minutes from Northwest Florida Beaches International Airport, and 30 minutes to Tyndall Air Force Base. The area continues to grow, with new community amenities such as the Southport Sports Complex and a Dollar General Market currently under construction, adding even more convenience and value to the area. One of the standout advantages of this Bay Crest property is the unique zoning allowance permitting accessory structures such as a workshop, garage, or tennis court to be situated in front of the main residence. This provides exceptional flexibility in both design and functionality, allowing you to make the most of the property's prime waterfront orientation. This is truly a one-of-a-kind opportunity to own and create something special in a peaceful coastal setting that still offers easy access to all the amenities, recreation, and beauty of Bay County, Florida. Depictions of lot boundaries are approximate and provided solely for visualization. They do not constitute a legal survey. A recent survey is available. Buyer to verify all information.

Listing Status:

Active

Date Added:

November 17, 2025 at 06:00AM

Listing Office:

LPT Realty LLC : 877-366-2213

MLS ID:

781780

Location

• Originating MLS: CPAR_CPAR
• County: Bay

Lot

• Zoning: 27 2S 14W -45- BEG 960' E & 1013.65' N OF SW COR OF SE1/4 OF SE1/4 TH N 192.74' E 821.57' TO BAYOU SELY 53.17' SWLY 50.91' SWLY 112.63' ALG WATER'S EDGE TH W 758.79' TO POB ORB 4901 P 232 --AND-- 27 2S 14W -45.1- BEG 960' E & 1013.65' N & 192.74' N OF SE1/4 OF SE1/4 TH N 96.37' E 319.60' E 423.97' TO BAYOU TH SELY ALG WATER EDGE 132.74' TH W 821.57' TO POB ORB 4901 P 23207964-000-000 & 07964-010-000
• View: BayouGulfView

Utilities

• Sewer: Septic Needed

Financial

• Source: CPAR_CPAR

This listing courtesy of LPT Realty LLC