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120-124 Deluna Place, Panama City Beach, FL 32413 (MLS# 1004164)

120-124 Deluna Place, Panama City Beach, FL 32413

$667,900
Property Type: Land Lot Size (sq. ft.): 10,019 Status: Active
Current Price: $667,900 List Date: 5/28/2026 Last Modified: 8/14/2026

Description

RARE WEST END DEVELOPMENT OPPORTUNITY! Attention Builders and Investors, Lock in these buildable home lots for $672,800. today. SEWER LINE ACCESS Build bigger with R2 zoning allows you to build 3 homes across these parcels, your land cost drops to an unbeatable $224,266 per house lot! No HOA: Complete architectural freedom to build high-occupancy Airbnb/VRBO floor plans with no architectural review committee. Water Views: Vertical layouts capture overlapping views of the Gulf and the adjacent natural pond. Public Sewer Access: Skip the five-figure costs and footprint limits of coastal septic systems. Easy walking/golf-cart distance to the beach, the Carousel, and Thomas Donut & Snack Shop. Secure the bundle today and maximize the best pro-forma per-door land price on the West End. Proof of funds or builder pre-approval required. Short-term seller financing considered for qualified buyers. The Shovel-Ready Margin Potential: All-In Cost: ~$1.63M (Includes $672,800 land, $910,000 build budget for ~3,500 total sq ft, and $55,000 for permits/fees) estimated. The Exit Value: $2,040,000+ total portfolio retail value based on recent West End sales possibilities. The Profit Potential: Net over $400,000 in gross profit (~24.5% margin) by mobilizing one crew for anticipated gains. Agents standing by, call now. Owner finance options available w/ interest only payments, call for info!

More Information MLS# 1004164

Contract Info

Listing Board: Emerald Coast List Price/Acre: 2903913.04 List Date: 2026-05-26 List Price: $667,900

Location, Tax and Legal

Sub Area: 2724 - Beach - West Central Elementary School: West Bay Middle School: Surfside High School: Arnold Legal Description: 11 3S 17W-6.5- Beg 400' N Of Hwy 98 & Ely Li Deluna Pl Th Nely 150' Sely 67' Swly 150' Nwly 67' To Pob Map 20C4 Orb 4770 P 1991 Includes all 150' on the road front aka addresses 120 and 124 Deluna.

General Property Info

Sub-Type: Vacant Land Acreage: 0.23

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 2409.15 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: RARE WEST END DEVELOPMENT OPPORTUNITY! Attention Builders and Investors, Lock in these buildable home lots for $672,800. today. SEWER LINE ACCESS Build bigger with R2 zoning allows you to build 3 homes across these parcels, your land cost drops to an unbeatable $224,266 per house lot! No HOA: Complete architectural freedom to build high-occupancy Airbnb/VRBO floor plans with no architectural review committee. Water Views: Vertical layouts capture overlapping views of the Gulf and the adjacent natural pond. Public Sewer Access: Skip the five-figure costs and footprint limits of coastal septic systems. Easy walking/golf-cart distance to the beach, the Carousel, and Thomas Donut & Snack Shop. Secure the bundle today and maximize the best pro-forma per-door land price on the West End. Proof of funds or builder pre-approval required. Short-term seller financing considered for qualified buyers. The Shovel-Ready Margin Potential: All-In Cost: ~$1.63M (Includes $672,800 land, $910,000 build budget for ~3,500 total sq ft, and $55,000 for permits/fees) estimated. The Exit Value: $2,040,000+ total portfolio retail value based on recent West End sales possibilities. The Profit Potential: Net over $400,000 in gross profit (~24.5% margin) by mobilizing one crew for anticipated gains. Agents standing by, call now. Owner finance options available w/ interest only payments, call for info!

Sale Type

Accept Backup Offers: 1

Waterfront

Pond: 1 Waterfront Feet: 150

Waterview

Gulf: 1

Lot Features

Level: 1 Within 1/2 Mile to Water: 1 See Remarks: 1

Lot Access

County Road: 1 Graded/Maintained: 1 Paved Road: 1 See Remarks: 1

Utilities

Sewer Available: 1 Tap Fee Due: 1

Zoning

County: 1 Resid Multi-Family: 1 Resid Single Family: 1 Unrestricted: 1 See Remarks: 1

Financing

Construction Perm: 1 Conventional: 1 Other: 1

None

Current Price: $667,900

Status Change Info

Status: Active

Location Tax and Legal

Street #: 120-124 Street Name: Deluna Street Suffix: Place Area: 27 - Bay County State: FL Zip Code: 32413 County: Bay Project Name/Subdivision: METES & BOUNDS Parcel ID: 37245-030-000

Property Features

Sale Type: Accept Backup Offers Lot Access: County Road; Graded/Maintained; Paved Road; See Remarks Lot Features: Level; Within 1/2 Mile to Water; See Remarks Zoning: County; Resid Multi-Family; Resid Single Family; Unrestricted; See Remarks Waterfront: Pond Waterview: Gulf Utilities: Sewer Available; Tap Fee Due Financing: Construction Perm; Conventional; Other

Documents

Listing Office: Gulf Real Estate
Listing Agent: Krista R Navarro
Last Updated: August - 14 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.