61± Acres on Coastal Hwy – Panacea, FL – Prime Development Tract with Hwy Frontage – Gateway to the Gulf Coast
Property Address: 886 Coastal Highway, Panacea, Florida 32346
Auction Date: October 14, 2025 at 4:00 PM
Property Inspection: Drive by at Any Time
County: Wakulla County, Florida
Wakulla County, Florida Assessor’s Parcel Numbers:
- 36-5S-02W-000-03565-000
- 36-5S-02W-000-03564-003
- 36-5S-02W-000-03565-001
- 25-5S-02W-000-03248-009
- 35-5S-02W-000-03564-005
- 26-5S-02W-000-03550-020
- 35-5S-02W-000-03564-000
Important Selling Features:
- 60.97± acres on U.S. Hwy 98 in Panacea
- Offered in 4 parcels and as a whole
- Flexible zoning: Light Industrial & Semi-Rural Residential
- Borders St. Marks National Wildlife Refuge
- Multiple lakes and ponds
- Highway frontage with excellent visibility
- Minutes to beaches, dining & fishing
- Gateway to Carrabelle, St. George Island & Apalachicola
- Convenient to Tallahassee
- Perfect for mixed-use development opportunity
Detailed Property Description:
Located along Florida’s famed Coastal Highway (U.S. Hwy 98), this 60.97± acre property in Panacea presents a rare opportunity to acquire a highly visible tract with both development and recreational appeal. The property will be offered divided into four parcels and as a whole, providing flexibility for bidders and developers alike.
Zoned L1 Light Industrial and RSU-1 Semi-Rural Residential, the property is well-suited for a wide range of uses, from commercial and industrial ventures to residential development. Its mix of natural and man-made ponds adds both character and utility, creating potential for integrated site planning or amenity features.
The property boasts extensive frontage along U.S. Hwy 98, offering unmatched visibility and direct access for future businesses, while also bordering the pristine St. Marks National Wildlife Refuge — a draw for eco-tourism, outdoor enthusiasts, and conservation-minded buyers. Its strategic location provides easy access to the beaches of the Forgotten Coast, with Panacea’s waterfront restaurants and fishing docks just minutes away.
Beyond its immediate surroundings, the property’s placement along Coastal Highway positions it as a gateway corridor to the region’s most popular destinations, including Carrabelle, St. George Island, and Apalachicola. Additionally, it lies within convenient reach of Tallahassee, making it an ideal site for mixed-use development serving both local and regional markets.
Whether envisioned as a commercial hub, residential community, recreational retreat, or a blended-use project, this property offers a unique combination of visibility, access, and natural beauty rarely available along Florida’s Gulf Coast.
2024 Wakulla County, Florida Property Taxes:
- 36-5S-02W-000-03565-000 - $579.03
- 36-5S-02W-000-03564-003 - $2,514.89
- 36-5S-02W-000-03565-001 – $122.41
- 25-5S-02W-000-03248-009 - $155.09
- 35-5S-02W-000-03564-005 - $1,815.67
- 26-5S-02W-000-03550-020 - $365.16
- 35-5S-02W-000-03564-000 - $1,447.52
GPS Coordinates: 30° 0'36.32"N 84°23'41.89"W
Google Map Link: https://maps.app.goo.gl/ujLLNZU7U2aLc43B9
Driving Directions: From Panacea, Florida travel south on US Hwy 98 W for approximately 1.4 miles to the property on the right. “Watch for Wiregrass Auction Group Signs!”
For More Information Contact:
Mark l Manley CAI, AARE, MPPA
Wiregrass Auction Group
(229) 890 – 2437 - Office
(229) 891 - 1377 - Cell
Mark@BidWiregrass.com
Online Only Auction Real Estate Bidding Terms and Conditions
Auction Date: Tuesday, October 14, 2025 at 4:00 PM
Please read the following terms carefully. By registering for this auction, you acknowledge that you have read and understood all terms and conditions herein and set forth within the supporting documentation described in the terms and that you have inspected the property or had the opportunity to do so.
If you do not agree to these terms, please DO NOT bid!
The property will be offered in the following tracts through the Wiregrass Auction Group Online Multi-Par Bidding Platform. Bidders will have the opportunity to bid on each tract individually, in groupings of multiple tracts, and the entire property as a whole. The final sales configuration that produces the highest offer to the seller will determine how the property sells.
Tract 1 - 1.81 +/- Acres
Tract 2 - 15.11 +/- Acres
Tract 3 - 37.10 +/- Acres
Tract 4 - 6.95 +/- Acres
Bidder Registration and Verification:
For verification purposes, a credit card is required in order to register for this auction. Upon registering, an authorization charge of $1,000.00 will be charged against the credit card used for registration. This authorization is not a permanent charge placed on your card, it is only a pre-authorization used to verify identity of our bidders and the availability of funds on the credit card used for registration. Please be advised that WAG has no control over the length of time the verification charge remains on your card, that is at the sole discretion of your credit card company. Also, please be aware that registering for multiple auctions could incur multiple verification charges; and in some instances, multiple verification charges may result in a fraud alert being sent to the card holder. WAG reserves the right to reject or accept bidder registrations at its sole discretion.
Terms of Sale:
At the close of the auction, successful bidders will be emailed a contract package. Included in the contract package will be the purchase contract as well as instructions for submitting your earnest money deposit.
Bid Increments:
The Bid Increments will be as follows:
Amount Up to: | Bid Increments |
$10,000 | $500 |
$50,000 | $1,000 |
$100,000 | $2,000 |
$250,000 | $5,000 |
$500,000 | $7,500 |
$500,000+ | $10,000 |
WAG reserves the right to adjust bid increments as needed.
Scheduled Auction End Times:
The Auction is scheduled to end at the published end time, subject to auto-extend bidding. Each time a bid is placed with the clock showing less than 10 minutes, the clock will reset to 10 minutes. In the event the auto-extend time needs to be reduced, WAG reserves the right to adjust the auto-extend, as needed.
Buyer’s Premium:
A 10% Buyer’s Premium will be added to the bid price for each property to determine the final contract price. For example, if your final bid price is $100,000, 10% ($10,000) will be added, resulting in a total contract price of $110,000.
Contract for Sale:
This property is offered under the specific terms provided in the Contract for Sale and specific Contract Special Stipulations as below. The Contract for Sale is available for review at www.WiregrassAuctionGroup.com. Please fully read and review the entire Contract for Sale prior to bidding. If you have any question or concerns to anything included in the Contract for Sale, please contact WAG prior to bidding. Please do not bid prior to reviewing the entire Contract for Sale Document.
As Is, Where Is:
All property is selling “As-Is, Where Is” with all faults. It is the buyer’s responsibility to conduct any and all inspections and perform all acts of due diligence deemed necessary before bidding. Placing a bid will be considered as acceptance of the property in it’s as-is condition.
Bidder Default:
In the event a winning bidder fails to submit the signed Contract for Sale and/or earnest money deposit as specified in the terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at registration. All administrative fees are non-refundable.
Bid Cancellation:
Wiregrass Auction Group, Inc. reserves the right to remove or cancel the bids and bidding privileges of the party at any time that bids or bidding is deemed to not be in the best interest of the seller.
Earnest Money Deposit:
Upon the close of the auction, successful high bidders will be required to submit an earnest money deposit as stipulated in the Contract for Sale. The successful bidder will have 24 hours to send the earnest money in the form of a Wire Transfer or Cashier’s Check.
Real Estate Closing:
With timing being of the essence, each contract will be a cash contract, not contingent or subject to financing, appraisal, or survey, as described in the Contract for Sale. Closing will take place no more than 30 days from the end of the auction as stipulated in the Contract for Sale. The Buyer will be responsible for all closing costs and the transaction will be conducted by the closing attorney specified in the Contract for Sale.
Agency Disclosure:
Wiregrass Auction Group, Inc. herein after WAG is acting as agent for the seller and at no time is WAG responsible for, acting on behalf of, or acting as agent for the buyer. Full agency disclosure will be acknowledged by both seller and buyer on the Agency Disclosure form attached as Exhibit “C” on the Contract for sale.
Disclaimer:
Wiregrass Auction Group, Inc believes all information contained herein to be correct to the best of our knowledge. All information is being furnished to bidders solely for the bidder’s convenience and it is always the responsibility of the bidders to determine the accuracy and completeness of all information. Reliance on information provided is solely at the risk of the recipient. Bidders should always conduct their own due diligence, inspections, and investigations prior to bidding. Bidders needing assistance should seek necessary assistance prior to placing a bid.
Technology Disruptions:
Auctioneer will not be responsible for technology disruptions, errors, or failures (including disruptions to bidding or the failure to execute, recognize, or record online bids), whether caused by (i) loss of connectivity, breakdown, disruption, or failure of the Online Auction Platform, (ii) breakdown, disruption, or failure of a Bidder's internet connection, computer, or system, or (iii) otherwise. Auctioneer may, but will not be required to, continue, suspend, delay, extend, reschedule, or close the Auction because of disruptions caused by technology failures, even after bidding has commenced.
Failures by Online Auction Platform Provider and its Affiliates or Contractors:
Auctioneer may use an Online Auction Platform Provider to facilitate the Auction. Under no circumstances will Auctioneer be liable for any failure of the Online Auction Platform Provider to perform all or any of its obligations, or for the failure of any affiliates, employees, agents, representatives, or contractors of the Online Auction Platform Provider to perform their obligations.
Disclosure:
Any auction sale is, without requirement of announcement at any time, presumed to be with reserve unless the property are in explicit terms put up at absolute auction. Wiregrass Auction Group and our sellers hereby give notice that bids may be made by the seller, or upon the seller’s behalf, at any auction with reserve.
