641 Malaga Place

Description

Less than one mile from the pristine sandy shores of Panama City Beach, this vacant land presents a remarkable opportunity for developers and investors. This spacious parcel of land encompasses 1.86 acres, providing ample space for a multi-family development project. Need more land? There are three more parcels available for a total of 3.5 acres. Zoned for multi-family use, this property offers the potential to construct apartments, single family, or townhomes, catering to the high demand for housing in this sought-after coastal area. Up to 15 units per acre! No mobile homes/RVs allowed. 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. It's important to note that wetlands mitigation will be required for development. Our team can guide you through the necessary steps and connect you with experienced environmental consultants to ensure compliance with all regulations.Local Amenities:Beyond the beautiful beach, Panama City Beach offers a wide array of recreational activities, from water sports to golf, ensuring residents and visitors alike have plenty of options for fun and relaxation.The area is also known for its vibrant dining and entertainment scene, with numerous restaurants, bars, and shops nearby.Don't miss this unique opportunity to invest in prime multi-family land so close to Panama City Beach. Contact us today to learn more and take the first steps toward turning this coastal dream into a reality.