Listing provided courtesy of Anchor Realty Florida- MLS# 791909MLS Provider

2431 Game Farm RoadPanama City, FL 32405

Multi-Family · 1.92 Acres
$690,000 Active

2431 Game Farm Road Overview

Time on Site:
3 days
Visits:
0

Prime Multi-Family Development Opportunity - R2 Zoning | Approx. 1.92 Acres Exceptional investment and development opportunity in a growing area. This approximately 1.92-acre parcel is zoned R2 Multi-Family and allows up to 15 units per acre, supporting a potential development of up to 23 residential units (subject to final engineering, site plan approval, and municipal review). The property offers approximately 306 feet of frontage and features a favorable layout suitable for a townhome, apartment, or multifamily residential project. Preliminary conceptual planning demonstrates the potential for a 23-unit development with internal access, parking, landscaped common areas, and open space. Development-friendly zoning requirements include: • Front setback: 20 feet • Side setbacks: 5 feet • Rear setback: 10 feet • Multi-family residential use permitted Located in an area experiencing continued residential growth, this site provides an excellent opportunity for builders, developers, and investors seeking to capitalize on strong housing demand. Utilities availability, zoning regulations, density allowances, and development potential should be independently verified by purchaser. Rare opportunity to acquire a multi-family development site with conceptual plans already demonstrating the property's density potential. Bring your vision and unlock the value of this strategically positioned parcel. Buyer to verify all zoning, density, utility availability, permitting requirements, and development feasibility. Proposed site plan is AI Generated.

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2431 Game Farm Road Facts & Features

  • Type Multi-Family
  • Lot 1.92 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Hiland Park
  • Middle Or Junior School: Mowat
  • High School: Bay

Building Information

  • New Construction: true

Location/Region

  • County Or Parish: Bay
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0201 - Bay - Central NE
  • Postal City: Panama City
  • Subdivision Name: Highland City

Community/Development

  • Community Features: Short Term Rental Allowed

Tax Information

  • Tax Year: 2025

General Information

  • Parcel Number: 12212-000-000
  • Property Sub Type: Multi Family
  • Property Type: Residential

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0

General Information

  • Living Area Source: Appraiser
  • Rooms Total: 0
  • Units Furnished: None

Exterior

Lot Information

  • Lot Size Acres: 1.92
  • Lot Size Area: 1.92
  • Lot Size Dimensions: 315 X 240 X 308.4 X 225
  • Lot Size Square Feet: 83635.0
  • Lot Size Units: Acres

Waterfront/View

  • Waterfront: false

General Information

  • Utilities: Electricity Available,Sewer Available

2431 Game Farm Road Neighborhood

Community

32405 (Panama City) Demographics

39
Median Age
1,354
Population Density (per sq. mile)
41%
College Educated
$58,520
Estimated Median Income
8,132
Estimated Total Home Owners
5,100
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2431 Game Farm Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2431 Game Farm Road Market Data

Based on the last 30 days in this zip code

$420,761
Average List Price
$225
Average Price per Square Foot
40
Properties Sold
68
Average Days on Market
292
Properties for Sale
Calculations provided by Reliance Network

2431 Game Farm Road History

Date Event Value Agent
6/26/2026Source: Central Panhandle MLS Added to Database
June 26, 2026