61± Acres on Coastal Hwy – Panacea, FL – Gateway to the Gulf Coast

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61± Acres on Coastal Hwy – Panacea, FL – Gateway to the Gulf Coast

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.
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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

Listing Price: $675,000

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