7242 Bay Crest Road Lot 1, Panama City, FL 32409

Property Description

THE LOWEST PRICE PER ACRE ON DEEP WATER GULF ACCESS LAND IN ALL OF BAY COUNTY — AND IT'S FULLY CLEARED, 3.58 ACRES, WITH NO HOA! Located directly next door to another Bay Crest property also recognized for exceptional waterfront value, this expansive 3.58-acre parcel on Gainer Bayou offers true deep-water Gulf access, privacy, and limitless potential. The County has confirmed that up to five homes could be built on this incredible piece of waterfront land, making it ideal for a private estate, family compound, or boutique residential development. Recently cleared and featuring approximately 216 feet of deep-water frontage along Bay Crest Road, the property provides direct access to North Bay and the Gulf of Mexico—perfect for boating, fishing, and relaxed coastal living. Zoned R-2 Residential, the land allows a wide range of residential uses and includes paved road access, nearby public utilities (water and electric available, septic required), and no HOA or deed restrictions. This combination of size, waterfront access, zoning flexibility, and location simply doesn't exist elsewhere in Bay County at this level of value. The property sits just 5 minutes from Lynn Haven, 20 minutes from Downtown Panama City, Northwest Florida Beaches International Airport, and Panama City Beach, and 30 minutes from Tyndall Air Force Base. The Southport Sports Complex (under construction) and the new Dollar General Market nearby add everyday convenience to the area. Bay Crest zoning even permits accessory structures—such as a workshop, garage, or guest suite—to be placed in front of the main residence, offering exceptional design freedom and functionality. This is a truly rare opportunity to own one of the lowest-priced deep-water Gulf-access tracts per acre in Bay County—cleared, ready, and perfectly positioned for your vision. Note: Lot boundaries are approximate and for visualization only. Recent survey available. Buyer to verify all information.

Listing Status:

Active

Date Added:

October 9, 2025 at 05:00AM

Listing Office:

LPT Realty LLC : 877-366-2213

MLS ID:

780202

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 289.5' E 827.5' TO BAYOU SWLY ALG WATER EDGE 290' W 825.7' TO POB ORB 3613 P 159507964-000-000
• View: Bayou

Utilities

• Sewer: Septic Needed

Financial

• Source: CPAR_CPAR

This listing courtesy of LPT Realty LLC