0 Allanton RdPanama City, FL 32404

This exceptional 167-acre property in Callaway, Florida, presents a unique investment opportunity. Boasting approximately 1.3 miles of waterfront on the Intracoastal Waterway, this expansive parcel offers deep-water access and stunning bay views. Located in Bay County, near Panama City, the land is zoned for two units per acre, allowing for various development scenarios. Prior feasibility studies indicate potential for 173 to 232 lots, making it ideal for a waterfront community, exclusive resort, or collection of large estate lots. The property includes completed engineering and feasibility studies, a survey, wetland delineations, and extensive photographic documentation, all available for review. This pristine coastal land is a rare find, offering significant potential for residential, commercial, or recreational development. The property's location provides easy access to the Gulf of Mexico by boat. The wooded acreage provides a tranquil setting, while the extensive waterfront offers unparalleled access to the Intracoastal Waterway. This is a truly remarkable opportunity to acquire a significant piece of Florida's beautiful coastline. The property's APN is 04062-000-000 and is located on Allanton Rd, Callaway, FL 32404. The asking price is $3,750,000.