09/21/2026
Rare waterfront development opportunity in the heart of Panama City. 🌊
Pelican Pass at Massalina Bayou offers approximately 3.247 acres with 650 feet of direct bayou frontage, listed at $4,500,000. With a recorded and assignable Development Agreement already in place, the property supports multiple potential paths including townhomes, single-family residences, multifamily development, and marina-oriented waterfront use.
The sale also includes extensive planning and development materials, including surveys, concept plans, marina layouts, utility exhibits, seawall information, and more, giving a buyer the ability to evaluate an already partially assembled project rather than starting with raw land.
A unique opportunity to bring a major waterfront vision to life.
