7242 Bay Crest Road #Lot 1, Panama City, FL 32409
Local realty services provided by:Better Homes and Gardens Real Estate Historic
7242 Bay Crest Road #Lot 1,Panama City, FL 32409
$725,000
- - Beds
- - Baths
- - sq. ft.
- Single family
- Active
Listed by: kerry j jackson, issabella c marsh
Office: lpt realty llc.
MLS#:780202
Source:FL_BCMLS
Price summary
- Price:$725,000
About this home
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.
Contact an agent
Home facts
- Listing ID #:780202
- Added:36 day(s) ago
- Updated:November 15, 2025 at 04:57 PM
Structure and exterior
- Lot area:3.58 Acres
Schools
- High school:Deane Bozeman
- Middle school:Deane Bozeman
- Elementary school:Southport
Utilities
- Water:Water Available
- Sewer:Septic Needed, Water Available
Finances and disclosures
- Price:$725,000
- Tax amount:$3,614 (2024)
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