7242 Bay Crest Road, Panama City, FL 32409 - Bay County

FAST-GROWING SOUTHPORT CLEARED WATERFRONT ACREAGE NO HOA OPTION TO PURCHASE TWO PARCELS (5.13 ACRES TOTAL) One of the best waterfront land values in Bay County's fastest-growing area almost fully cleared, no HOA, and ready for your vision. This Bay Crest offering includes a 3.58-acre waterfront parcel with the option to also purchase the adjacent 1.55-acre parcel, creating a rare 5.13-acre combined waterfront assemblage in an area where rare opportunities like this are getting harder to find. The primary parcel features approximately 216 feet of waterfront along Gainer Bayou and offers boating access out to North Bay and beyond. When combined, the two parcels provide approximately 350 feet of total waterfront (per survey/legal descriptions) and significantly expanded flexibility for a private estate, multi-generational family compound, or a small boutique residential development. The County has indicated residential build potential (buyer to verify final density, entitlements, and infrastructure requirements), and the property is zoned R-2 Residential, offering a range of residential-use options. You'll also appreciate the practical advantages: paved road access, nearby public utilities (water and electric available; septic required), and no HOA or deed restrictions holding you back. Bay Crest zoning can also allow design flexibility, including certain accessory structures such as a workshop, garage, or guest suite positioned in front of the main residence (buyer to verify intended site plan and permitting). The location is a major driver of long-term value just minutes to Lynn Haven, with convenient access to Panama City, Northwest Florida Beaches International Airport, and Panama City Beach. Growth and new amenities nearby continue to make Southport a standout for buyers who want space, water, and upside. If you've been waiting for cleared waterfront acreage with flexibility and a strong location this is a rare chance to buy one parcel or assemble both for maximum potential. Note: Lot boundaries are approximate and for visualization only. Recent survey available. Buyer to verify all information deemed important, including zoning, density, utilities, waterfront measurements, and navigability/boat access.