The value of farms and rural land for sale in Florida's Bay County recently on Land.com was almost $483 million. This represents 8,000 acres of land and rural real estate for sale in Bay County. Bay County ranks 23rd out of 67 counties in the Sunshine State for the total number of acres of land currently advertised for sale. Of all locations in Bay County with farms and rural land for sale, Panama City had the most land for sale. Based on its natural assets, tourism and recreation contribute significant revenue toward Bay County's overall GDP. Bay County is Florida's 22nd biggest county (1,033 square miles). It's located in the Northwest Florida region of the state.