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6101 THOMAS Drive, Panama City Beach, FL 32408 (MLS# 660515)

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6101 THOMAS Drive, Panama City Beach, FL 32408

$16,500,000
Property Type: Residential Land Lot Size (sq. ft.): 409,899 Status: Sold
Current Price: $16,500,000 List Date: 8/17/2020 Last Modified: 3/30/2021

Description

Gulf Front development parcel with +/- 9.41 acres in the heart of the Thomas Drive area of Panama City Beach, FL. With +/- 845 FF on the Gulf and +/- 650 FF on Thomas Drive this is a rare opportunity to acquire a large gulf front tract that was previously approved for a 688 unit condominium development. Prior permitting, renderings and engineering documents available upon request. Transfer of Density agreement in place allowing for an additional 80' in height for a height allowance of up to 320'.

More Information MLS# 660515

Contract Info

Status: Sold List Date: 2017-07-01 List Price: $16,500,000 Current Price: $12,000,000 List Price/Acre: 1753453.77

Location

Street #: 6101 Street Name: THOMAS Street Suffix: Drive Area: 03 - Bay County - Beach State: FL Zip Code: 32408 County: Bay Sub Area: 0323 - Beach - South of Grand Lagoon Subdivision: Gulf Lagoon Beach Community/Resort: None Waterfront: Yes Parcel ID: 30574-000-000 Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: Located between Watercrest and Regency Towers Condominiums. Legal Description: Long Legal..Survey available

General Property Info

Sub-Type: Vacant Land Lot Dimensions: Irregular Acreage: 9.41 Lot Size (SqFt): 409899 Beach Frontage: 845

Listing Info, Tax & Legal

HOA Fee: No As Is: No

Status Change Info

Under Contract Date: 2021-02-09 Sold Date: 2021-03-26 Sold Price: $12,000,000 Sold Price/Acre: 1275239.11

Property Features

Financing: Cash; Conventional Lot Access: Paved Road; U.S. Highway Lot Features: Coastal Construction Control Line; Survey Available Utilities: All Utilities Waterfront Type: Gulf Waterview: Gulf Present Zoning: Resort
Listing Office: NAI TALCOR
Last Updated: March - 30 - 2021

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.