BACK ON MARKET!! Imagine what you can build on this 2.87 acre waterfront parcel. Perhaps an estate home facing St. Andrews Bay with a private road, multiple guest cottages, maybe tennis courts or equestrian stables. Already permitted for a dock, this coastal lot is ready for your dream home and maybe a multi car garage, large swimming pool and exercise workout facility as part of the vision. The possibilities are endless, and it starts here tucked away in a quiet area of ''Magnolia Beach'' in unincorporated Bay County. This huge vacant lot boasts 100 feet on the water with 1253' in depth allowing for many ideas for this parcel. Zoned for up to 8 single family homes, (Zoned R-1) one could easily accommodate several generation's homes, in one location. Residential lots of this size are very rare, and coupled with boating capabilities, and a great location just minutes away from the Emerald waters and white sand beaches, the peaceful country feeling of open spaces on the coast, is a unique offering. Surrounded by the desirable gated and upscale residential communities of Bay Point, The Preserve by the Bay and the Magnolia Bay Club, a Private estate would fit in with the near-by world class golf, tennis and boating facilities. Coastal build out would be 30' from the high water mark with Magnolia Beach at sea level to well above sea level for much of the remaining site-- And those views! St. Andrews Bay, the up-lit Hathaway Bridge at night and the Port of Panama City Beach with deep water and quick access to the Gulf of Mexico. A dream come true. Please feel free to drive by 4700 Magnolia Beach Road to see this unique parcel.'