8 Potential Waterfront Homesites! Rare residential development opportunity in the heart of downtown Panama City! Located at 648 Florida Avenue, just off scenic Beach Drive, this approximately 0.47-acre property offers the potential to develop eight single-family waterfront homesites with spectacular panoramic water views. Featuring Johnson Bayou frontage, surrounding waterways, scenic marshland, and beautiful views toward St. Andrews Bay, the property offers an exceptional setting for a coastal residential community. In addition to the eight single-family homesite concept, the property's Downtown District (DTD) zoning provides opportunities to explore higher-density residential development, including townhomes, condominiums, or multifamily residences, subject to applicable development requirements. The property's unique location offers the potential for expansive water views from multiple directions, particularly from elevated residences. Conveniently located near downtown Panama City's restaurants, shopping, marinas, entertainment, and scenic Beach Drive waterfront. Whether developing eight waterfront single-family homes or exploring a larger residential project, this property offers a rare combination of waterfront location, scenic views, and development potential. All measurements and acreage are approximate. Subdivision and development are subject to applicable city requirements and approvals. Buyer to independently verify zoning, permitted uses, density, utilities, access, environmental restrictions, and development feasibility with the City of Panama City.