The story
GULF VIEWS, NO HOA, AND BEACH ACCESS AT THE END OF THE STREET! Discover the possibilities at 108 Benicia Place in Laguna Beach on the desirable west end of Panama City Beach, Florida. With approximately 65 feet of frontage and 150 feet of depth, this irregularly shaped lot offers an exceptional setting for your next coastal project. The value is in the land, location, and redevelopment potential. Survey available. PROPERTY IS BEING SOLD AS IS, WITH NO VALUE ASSIGNED TO THE EXISTING HOME. Seller will make no repairs, replacements, or improvements. The existing electrical and plumbing systems are not to code, and there is no working HVAC. Electricity is currently connected to the property, which is served by well and septic. City water installation is reportedly underway on the street behind the property, with Benicia Place expected to follow. Buyer to verify the utility extension schedule, availability, connection costs, and all development requirements. Gulf views, no HOA, a survey available, and Laguna Beach access just down the street make this a compelling opportunity to create something special along Florida's Emerald Coast. Bring your builder and your vision--schedule your visit before this opportunity is gone! See supplement for additional location and redevelopment information. Just a short stroll away, Laguna Beach's dedicated, undeveloped beachfront offers sugar-white sand, emerald Gulf waters, and beach access with golf cart parking. Imagine designing a custom beach house with Gulf views and easy access to days on the sand. Enjoy the relaxed Laguna Beach setting with convenient access to the shopping, dining, and entertainment of Panama City Beach and nearby 30A. The luxury home across the street at 107 Benicia Place sold for $2.5 million in May 2024 and reportedly generates more than $200,000 in annual rental revenue, highlighting the caliber of nearby development. These figures relate to a separate, improved property and are not a projection or guarantee of this property's future value or rental performance. Explore the potential for a primary residence, second home, or vacation rental development, subject to applicable zoning, permitting, and rental requirements.
