7242 Bay Crest Rd, Unit LOT 1

Panama City, FL 32409

$725,000
Price
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Beds
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Baths
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Sq. Ft.
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per Sq. Ft.

Description

The lowest price per acre on deep water gulf access land in all of bay county — and it's fully cleared, 3.58 acres, with no hoa! Located directly next door to another Bay Crest property also recognized for exceptional waterfront value, this expansive 3.58-acre parcel on Gainer Bayou offers true deep-water Gulf access, privacy, and limitless potential. The County has confirmed that up to five homes could be built on this incredible piece of waterfront land, making it ideal for a private estate, family...The lowest price per acre on deep water gulf access land in all of bay county — and it's fully cleared, 3.58 acres, with no hoa! Located directly next door to another Bay Crest property also recognized for exceptional waterfront value, this expansive 3.58-acre parcel on Gainer Bayou offers true deep-water Gulf access, privacy, and limitless potential. The County has confirmed that up to five homes could be built on this incredible piece of waterfront land, making it ideal for a private estate, family compound, or boutique residential development. Recently cleared and featuring approximately 216 feet of deep-water frontage along Bay Crest Road, the property provides direct access to North Bay and the Gulf of Mexico—perfect for boating, fishing, and relaxed coastal living. Zoned R-2 Residential, the land allows a wide range of residential uses and includes paved road access, nearby public utilities (water and electric available, septic required), and no HOA or deed restrictions. This combination of size, waterfront access, zoning flexibility, and location simply doesn't exist elsewhere in Bay County at this level of value. The property sits just 5 minutes from Lynn Haven, 20 minutes from Downtown Panama City, Northwest Florida Beaches International Airport, and Panama City Beach, and 30 minutes from Tyndall Air Force Base. The Southport Sports Complex (under construction) and the new Dollar General Market nearby add everyday convenience to the area. Bay Crest zoning even permits accessory structures—such as a workshop, garage, or guest suite—to be placed in front of the main residence, offering exceptional design freedom and functionality. This is a truly rare opportunity to own one of the lowest-priced deep-water Gulf-access tracts per acre in Bay County—cleared, ready, and perfectly positioned for your vision. Note: Lot boundaries are approximate and for visualization only. Recent survey available. Buyer to verify all information.

Property Details for 7242 Bay Crest Road, Unit LOT 1

Waterfront
Yes
Waterfront Features
Bayou, Gulf Access, Shoreline Natural
Subdivision Name
No Named Subdivision
View
Bayou
Zoning Description
Resid Single Family
LISTING UPDATED: 12/02/2025 04:56 PM

Property Details for 7242 Bay Crest Road, Unit LOT 1

StatusActive
MLS #780202
Days on Market65
Taxes$3,614 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Unimproved Land / Unimproved Land
Year Built-
Lot Size3.58 AC
CountyBay County

Location

Listing Courtesy of LPT Realty LLC; Florida Realty Experts
Add your commute

Building Information for 7242 Bay Crest Road, Unit LOT 1

Building Size-Lot Size3.58 AC

Payment Calculator

$3,884 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,582

Property Taxes

$301

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7242 Bay Crest Road, Unit LOT 1

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: Starting from the Bailey Bridge in Lynn Haven, head north on Highway 77 toward Southport. Continue on Highway 77 for about seven and a half miles until you reach County Road 388. Turn left onto County Road 388 and drive for approximately two miles. Then, turn right onto Bay Crest Road. Follow Bay Crest Road for just over a mile, and 7242 Bay Crest Road will be on your right-hand side.
  • State Region: FL
  • Postal Code: 32409
  • Latitude: 30.281603
  • Longitude: -85.624111
  • State Or Province: FL
  • MLS Area Major: 04 - Bay County - North
  • MLS Area Minor: 0410 - Bay North - West Deerpoint/Southport
Taxes and HOA Information
  • Parcel Number: 07964-000-000
  • Association: No
  • Tax Annual Amount: $3,614.00
  • Tax Legal Description: 27 2S 14W -45- BEG 960' E & 1013.65' N OF SW COR OF SE1/4 OF SE1/4 TH N 289.5' E 827.5' TO BAYOU SWLY ALG WATER EDGE 290' W 825.7' TO POB ORB 3613 P 1595
  • Tax Year: 2024
School Information
  • Elementary School: Southport
  • High School: Deane Bozeman
  • Middle Or Junior School: Deane Bozeman
Property
Lot Information
  • Lot Features: Paved
  • Lot Size Acres: 3.58
  • Lot Size Area: 3.58
  • Lot Size Dimensions: 192x821x216x758
  • Lot Size Units: Acres
  • Lot Size Square Feet: 155945.0
Property and Assessments
  • Human Modified: No
Utilities
  • Sewer: Septic Needed
Mobile Home
Mobile Home Information
  • Mobile Dim Units: Feet

Property History for 7242 Bay Crest Road, Unit LOT 1

DateEvent & SourcePriceAppreciation
Oct 9, 2025

Listed (Active)

CPAR #780202

$725,000—
Oct 9, 2025

Withdrawn

CPAR #774688

$725,000—
Jun 9, 2025

Listed (Active)

CPAR #774688

$725,000—
DateEvent & SourcePrice
10/09/2025

Listed (Active)

CPAR #780202

$725,000
10/09/2025

Withdrawn

CPAR #774688

$725,000
06/09/2025

Listed (Active)

CPAR #774688

$725,000

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

Schools near 7242 Bay Crest Road, Unit LOT 1

This home is within Bay.
Rating
School
Type
Grades
Distance
Southport Elementary School
Public - PK to 5
Deane Bozeman School
Public - PK to 12
North Bay Haven Charter Academy Middle School
Charter - 6 to 8
North Bay Haven Career Academy
Charter - 9 to 12
Rating
School
Distance
Southport Elementary School
PublicPK to 5

Deane Bozeman School
PublicPK to 12

North Bay Haven Charter Academy Middle School
Charter6 to 8

North Bay Haven Career Academy
Charter9 to 12

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 7242 Bay Crest Road, Unit LOT 1, Panama City, FL 32409

7242 Bay Crest Road, Unit LOT 1 is a single family home for sale in Panama City, FL 32409. This property was listed for sale on October 9, 2025 by LPT Realty LLC, it's currently listed at $725,000. This listing's school district is Bay. Nearby schools include Southport Elementary School, Deane Bozeman School and North Bay Haven Charter Academy Middle School. 7242 Bay Crest Road, Unit LOT 1 is a 0-bed, 0-bath, single family home.

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 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 LPT Realty LLC; Florida Realty Experts

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© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.