645 Malaga Place, Panama City Beach, FL 32413

Property Description

Less than one mile from the pristine white sandy beaches of Panama City Beach, this vacant land offers an exceptional opportunity for builders, developers, or investors seeking a coastal location with strong upside. This quarter of an acre parcel provides ample space for a small multi-family, townhome, or residential development in an area experiencing continued growth and demand. The property features paved road access with public water and sewer available at the street and is zoned R-2, allowing for single family & multi-family. Need more land? Additional adjoining Malaga parcels are available, allowing for a combined assemblage of approximately 3.7± acres for a larger development footprint or long-term investment strategy. The property's proximity to Panama City Beach's sandy shores, less than one mile away, ensures that residents will enjoy the ultimate beach lifestyle, with sun, surf, and relaxation just a short stroll from their doorstep. Panama City Beach consistently ranks as one of Florida's top tourist destinations, offering investors the potential for significant rental income and long-term appreciation.