Waterfront

120-124 deluna place

Panama City Beach, FL 32413

$667,900

0.23 AC LOT
Land - Vacant Land
Waterfront
Image 1: 20260121025441987081000000
Image 2: 20260121025442101925000000
Image 3: 20260121025442141126000000
Image 4: so close to beach
Acreage 0.23
Status Active
MLS # 1004164
County Bay
More Info
Category Land - Vacant Land
Status Active
Acreage 0.23
MLS # 1004164
County Bay
RARE WEST END DEVELOPMENT OPPORTUNITY! Attention Builders and Investors, Lock in these buildable home lots for $672,800. today. SEWER LINE ACCESS Build bigger with R2 zoning allows you to build 3 homes across these parcels, your land cost drops to an unbeatable $224,266 per house lot! No HOA: Complete architectural freedom to build high-occupancy Airbnb/VRBO floor plans with no architectural review committee. Water Views: Vertical layouts capture overlapping views of the Gulf and the adjacent natural pond. Public Sewer Access: Skip the five-figure costs and footprint limits of coastal septic systems. Easy walking/golf-cart distance to the beach, the Carousel, and Thomas Donut & Snack Shop. Secure the bundle today and maximize the best pro-forma per-door land price on the West End. Proof of funds or builder pre-approval required. Short-term seller financing considered for qualified buyers. The Shovel-Ready Margin Potential: All-In Cost: ~$1.63M (Includes $672,800 land, $910,000 build budget for ~3,500 total sq ft, and $55,000 for permits/fees) estimated. The Exit Value: $2,040,000+ total portfolio retail value based on recent West End sales possibilities. The Profit Potential: Net over $400,000 in gross profit (~24.5% margin) by mobilizing one crew for anticipated gains. Agents standing by, call now. Owner finance options available w/ interest only payments, call for info!

Exterior Features

  • Construction Single Family
  • Garage No
  • Lot Dimensions 150x67
  • Lot Description Level, Within 1/2 Mile to Water, See Remarks

Neighborhood & Schools

  • Subdivision METES & BOUNDS
  • Elementary School West Bay
  • Middle School Surfside
  • High School Arnold

Financial Information

  • Parcel ID 37245-030-000
  • Zoning County, Resid Multi-Family, Resid Single Family, Unrestricted

Listing Information

Listing Provided Courtesy of Gulf Real Estate
Emerald Coast Association of REALTORS
Listing data is current as of 08/30/2026.

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