15
Map
$1,550,000
●
Land -
For Sale
3604 Preserve Boulevard
Panama City, FL 32408
Studio
0 Bath
$8,596
Est. Monthly
$170
HOA / Fees
About This Property
Discover an exceptional waterfront lot in The Preserve on the Bay,
a distinctive Panama City Beach community with an expansive
waterfront, magnificent bayfront homes, and protected natural areas
home to deer and other wildlife. This half-acre homesite offers
panoramic views of St. Andrews Bay and the opportunity to build
your dream home and dock for easy boating access to the bay or
Gulf. Quiet and secluded, The Preserve features a staffed, 24-hour
security gate and is just minutes from the beaches, restaurants,
and attractions of Panama City Beach.
Unit Size
-
Days on Market
165 days
Land Size
0.48 acres
Price per sqft
-
Property Type
Land
Property Taxes
$816
HOA Dues
$170
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 25 days ago ( #790613)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2026 | Listed by Bay Point Real Estate Co | $1,550,000 | |
| Listed by Bay Point Real Estate Co | |||
| Aug 14, 2025 | Price Decreased |
$1,495,000
↓ $205K
(12.1%) | |
| Price Decreased | |||
| Jul 3, 2025 | Listed | $1,700,000 | |
| Listed | |||
| | |||
|
Discover a rare opportunity to own an estate-sized, waterfront lot in The Preserve on the Bay, one of Panama City Beach's gated communities. This expansive homesite, just under half an acre, offers panoramic water views and the ideal setting to build your dream home. With all utilities available and a current survey on hand, the property is ready for development. You can build your own private dock and enjoy easy access to the Gulf of Mexico, making it perfect for boating enthusiasts. Nestled in a serene, private setting surrounded by natural beauty, yet conveniently located close to the beach, top-rated schools, premier shopping, and dining, this is coastal living at its finest. Don't miss your chance to own this exceptional piece of paradise.
| |||
| Oct 26, 2023 | Sold | ||
| Sold | |||
| Jun 8, 2023 | Listed by Counts Real Estate Group Inc | $1,350,000 | |
| Listed by Counts Real Estate Group Inc | |||
   | |||
|
***PRICE REDUCTION!!*** Beautiful Waterfront property in the highly desirable Preserve On the Bay neighborhood! Here is your chance to build your dream home with breathtaking views of the bay! Build your own dock into the bay with access to the gulf and save the boat storage fees! Existing sea wall already in place. This property is just minutes from shopping, restaurants, and the gorgeous beaches on the Emerald Coast! Go Show!
| |||
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Property Highlights
With View
Exterior Details
Security Features: 24 Hour Security
Waterfront Features: Bayfront, Seawall, GulfAccess
Lot Features: Paved
Lot Size Area: 0.48
Lot Size Units: Acres
Lot Size Acres: 0.48
Lot Size Square Feet: 21000
Lot Size Dimensions: 100x220x101x215
Financial Details
Tax Annual Amount: $9,786
Location Details
HOA/Condo/Coop Amenities: Gated
HOA Fee: $2,035
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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