2839 Highway 79

Vernon, FL 32462

$7,500,000
Price
10,454,400 / 240
Lot Size / Acres

Description

Development opportunity! Build a new City! Approximately 240 acres on the newly 4 laned FL HWY 79, a major route into Panama City Beach, FL. Hwy 79 goes through the brand new LATITUDE MARGARITAVILLE, WATERSOUND, FLORIDA, with approximately 150,000 planned homes, 2000 of which have already sold. This development is less than 30 minutes away. This 240 acre tract has approximately 1/2 mile of frontage BOTH SIDES of FL HWY 79, AND approximately 1/2 mile of frontage on Washington County Hwy 279 (Pate...Development opportunity! Build a new City! Approximately 240 acres on the newly 4 laned FL HWY 79, a major route into Panama City Beach, FL. Hwy 79 goes through the brand new LATITUDE MARGARITAVILLE, WATERSOUND, FLORIDA, with approximately 150,000 planned homes, 2000 of which have already sold. This development is less than 30 minutes away. This 240 acre tract has approximately 1/2 mile of frontage BOTH SIDES of FL HWY 79, AND approximately 1/2 mile of frontage on Washington County Hwy 279 (Pate Pond Rd), PLUS approximately 1/2 mile of frontage on the Canoe Lovers Holmes Creek. Previous development efforts led to agreements between The City of Vernon, FL and Washington County, FL to cooperate in development with commercial, medium density and high density land uses.
  1. Listed by Suzanne Moore • Coldwell Banker Realty

Property Details for 2839 Highway 79

Waterfront
Yes
Waterfront Features
Gulf Access, River Front, Shoreline Natural
Subdivision Name
No Named Subdivision
View
Lake, River
Zoning Description
Commercial, Agriculture
View
Yes
LISTING UPDATED: 02/17/2026 01:14 PM

Property Details for 2839 Highway 79

StatusActive
MLS #771508
Days on Market290
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Commercial / Commercial
Year Built-
Lot Size240.00 AC
CountyWashington County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 2839 Highway 79

Lot Size240.00 AC

Payment Calculator

$36,597 per month

30 year fixed, 6.15% Interest

Principal and Interest

$36,554

Property Taxes

$43

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2839 Highway 79

Summary
Location and General Information
  • City: Vernon
  • County Or Parish: Washington
  • Directions: Just North of the Holmes Creek Bridge on Florida State Highway 79, Vernon, Florida. The property lies within the fork of Florida Hwy 79 and Washington County Hwy 279 (Pate Pond Rd) and along the east side of FL ST Hwy 79.
  • State Region: FL
  • Postal Code: 32462
  • Latitude: 30.63407
  • Longitude: -85.708224
  • State Or Province: FL
  • Road Frontage Type: County Road, Highway
  • MLS Area Major: 10 - Washington County
  • MLS Area Minor: 1003 - Washington SW
Taxes and HOA Information
  • Parcel Number: 00000000-00-4625-0000
  • Association: No
  • Tax Legal Description: 3 Parcel Numbers -4625-0000, -4603-0000, -4632-0000. Large Legal
Property
Lot Information
  • Lot Size Acres: 240.0
  • Lot Size Area: 240.0
  • Lot Size Units: Acres
  • Lot Size Square Feet: 1.04544E7
Property and Assessments
  • Public Survey Township: 3
  • Human Modified: No
Utilities
  • Sewer: Septic Needed
Mobile Home
Mobile Home Information
  • Mobile Dim Units: Feet

Property History for 2839 Highway 79

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Price Change

CPAR #771508

$7,500,000—
Apr 5, 2025

Listed (Active)

CPAR #771508

$7,900,000—
Sep 30, 2022

Expired

CPAR #724375

$5,500,000—
May 3, 2022

Pending

CPAR #724375

—
Mar 30, 2022

Listed (Active)

CPAR #724375

$5,500,000—
Aug 8, 2008

Sold (Public Record)

Public Record #594417215

$950,000—
DateEvent & SourcePrice
01/12/2026

Price Change

CPAR #771508

$7,500,000
04/05/2025

Listed (Active)

CPAR #771508

$7,900,000
09/30/2022

Expired

CPAR #724375

$5,500,000
05/03/2022

Pending

CPAR #724375

—
03/30/2022

Listed (Active)

CPAR #724375

$5,500,000
08/08/2008

Sold (Public Record)

Public Record #594417215

$950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2839 Highway 79

Taxable ValueLand-Additions-Total-
Tax Record2025$521 ($43 / month)
Home Facts
Total Finished SqFt176 SqFtAbove Grade Finished SqFt176 SqFtLot Size7,548,512 SqFtStyleVines and Bush FruitsYear Built1986CountyWASHINGTONAPN46250000

Schools near 2839 Highway 79

This home is within Washington County School District.
Rating
School
Type
Grades
Distance
Kate M. Smith Elementary School
Public - PK to 5
Vernon Elementary School
Public - PK to 5
Roulhac Middle School
Public - 6 to 8
Vernon Middle School
Public - 6 to 8
Rating
School
Distance
Kate M. Smith Elementary School
PublicPK to 5

Vernon Elementary School
PublicPK to 5

Roulhac Middle School
Public6 to 8

Vernon Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2839 Highway 79, Vernon, FL 32462

2839 Highway 79 is a 240 ac of land for sale in Vernon, FL 32462. This property was listed for sale on April 5, 2025 by Coldwell Banker Realty, it's currently listed at $7,500,000. It has been on the market for a total of 290 days and was last sold on August 8, 2008. This listing's school district is Washington County School District. Nearby schools include Kate M. Smith Elementary School, Vernon Elementary School and Roulhac Middle School. 2839 Highway 79 is a 0-bed, 0-bath, 240 ac of land on a 10,454,400 sq. ft. / 240 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.