# 641 Malaga Place, Panama City Beach, FL 32413 > **TL;DR:** land, $549,000. Est. $2,936/mo. Listed 52 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $549,000 | | Lot Size | 160,736 sqft (3.69 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 52 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,776 | | Estimated Insurance | $160 | | **Total** | **$2,936** | ## Nearby Schools - **Elementary:** West Bay - **Middle:** Surfside - **High:** Arnold ## Property Highlights - 3.69 acre lot ## Description ### Agent Description ATTENTION FLORIDA INVESTORS & DEVELOPERS -- 3.69+/- ACRES NEAR THE BEACH, PIER PARK & PIRATES VOYAGE ATTENTION FLORIDA INVESTORS AND DEVELOPERS! Here is an opportunity to secure approximately 3.69 contiguous acres in one of Panama City Beach's quickly growing corridors--less than one mile from the beach and near Pier Park, Panama City Beach Parkway and Dolly Parton's Pirates Voyage Dinner & Show. Three adjoining parcels are being offered together for $549,000. The property has a Residential future land-use designation and current Bay County R-2 zoning, creating potential for a residential subdivision, townhome community or other residential development concept, subject to governmental approval and development requirements. Here are the numbers: recent nearby 0.07-acre residential lots sold for approximately $52,500 to $55,000, averaging about $53,333 per lot. At a conservative future retail value of $50,000 per finished lot, a conceptual 26-lot development would represent approximately $1.3 million in gross lot sales. A conceptual 31-lot development would represent approximately $1.55 million, while 36 lots could represent approximately $1.8 million in gross sales. These figures are illustrations only and are not representations of an approved lot count or guaranteed return. Actual yield and profitability will depend on zoning requirements, density, lot dimensions, access, roads, utilities, drainage, stormwater, wetlands, floodplain conditions, permitting and development expenses. Develop now or hold while continued residential, commercial and tourism investment expands throughout the Panama City Beach corridor. Large contiguous tracts this close to the Gulf and major attractions are increasingly difficult to find. Portions of the property appear to be within FEMA Flood Zone A. Buyers should complete independent due diligence and verify zoning, allowable density, flood designation, wetlands, utilities and suitability for their intended use. ## Location - **Address:** 641 Malaga Place, Panama City Beach, FL 32413 - **County:** Bay - **Neighborhood:** Sand Dollar Estates - **Coordinates:** 30.247137, -85.920742 - **Google Maps:** https://www.google.com/maps?q=30.247137,-85.920742 ## Listing Agent - **Name:** Angela M Foust · **License:** SL3416662 - **Brokerage:** Performance Realty, LLC - **Broker Phone:** (850) 547-9400 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/641-Malaga-Pl_Panama-City-Beach_FL_32413_M60642-77539?f=listhub&s=BCARFL&m=795231&c=propsimple) ## Photos ![641 Malaga Place - Photo 1](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f1198905001r.jpg) ![641 Malaga Place - Photo 2](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f730254630r.jpg) ![641 Malaga Place - Photo 3](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f2624877070r.jpg) ![641 Malaga Place - Photo 4](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f1391710569r.jpg) ![641 Malaga Place - Photo 5](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f1773129306r.jpg) ![641 Malaga Place - Photo 6](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f277051809r.jpg) ![641 Malaga Place - Photo 7](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f4200855334r.jpg) ![641 Malaga Place - Photo 8](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f1198905001r.jpg) ![641 Malaga Place - Photo 9](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f730254630r.jpg) ![641 Malaga Place - Photo 10](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f2624877070r.jpg) ![641 Malaga Place - Photo 11](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f2390360366r.jpg) ![641 Malaga Place - Photo 12](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f3845174694r.jpg) ![641 Malaga Place - Photo 13](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f3573123690r.jpg) ![641 Malaga Place - Photo 14](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f1391710569r.jpg) ![641 Malaga Place - Photo 15](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f709567522r.jpg) ![641 Malaga Place - Photo 16](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f1887654347r.jpg) ![641 Malaga Place - Photo 17](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f510923822r.jpg) ![641 Malaga Place - Photo 18](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f80009543r.jpg) ![641 Malaga Place - Photo 19](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f3983790112r.jpg) ![641 Malaga Place - Photo 20](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f3701366020r.jpg) ![641 Malaga Place - Photo 21](http://lh.rdcpix.com/c5e82f69898014e2905d4b2a8cbd1e6el-f2339712497r.jpg) --- **MLS#:** 795231 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/641-malaga-place-panama-city-beach-fl-32413-8b9d03d296694b799c2630ff4e4d0256) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/641-malaga-place-panama-city-beach-fl-32413-8b9d03d296694b799c2630ff4e4d0256#listing", "url": "https://www.propertysimple.ai/listing/641-malaga-place-panama-city-beach-fl-32413-8b9d03d296694b799c2630ff4e4d0256", "name": "641 Malaga Place, Panama City Beach, FL 32413", "description": "ATTENTION FLORIDA INVESTORS & DEVELOPERS -- 3.69+/- ACRES NEAR THE BEACH, PIER PARK & PIRATES VOYAGE ATTENTION FLORIDA INVESTORS AND DEVELOPERS! 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