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.

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