# 886 Coastal Highway, Panacea, FL 32346 > **TL;DR:** commercial, $300,000. Est. $1,605/mo. Listed 202 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $300,000 | | Lot Size | 735,293 sqft (16.88 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 202 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,517 | | Estimated Insurance | $88 | | **Total** | **$1,605** | ## Property Highlights - 16.88 acre lot ## Description ### Agent Description Attention developers and savvy investors: this 16.88 I1 zoned property on US-98/Coastal Highway is a rare opportunity to own a high-visibility commercial parcel in a growth corridor. With a 1,200 sq. ft. structure already in place, the site is perfectly suited for redevelopment, expansion, or adaptive commercial use. Three adjacent parcels zoned RSU! are available which would make the total 60.88 acres. Comparable I1 properties along Coastal Hwy have seen strong appreciation, and this location offers immediate access, excellent traffic exposure, and untapped potential. Whether you're considering rental income, a commercial build-to-suit, or future resale, the property's size and zoning flexibility provide a clear path to maximize ROI. Secure 886 Coastal Hwy today and position yourself to capitalize on Wakulla County's commercial growth. ## Location - **Address:** 886 Coastal Highway, Panacea, FL 32346 - **County:** Wakulla - **Coordinates:** 30.010168, -84.395474 - **Google Maps:** https://www.google.com/maps?q=30.010168,-84.395474 ## Listing Agent - **Name:** Michael Lee · **License:** 3196048 - **Brokerage:** Flamingo Realty of Tallahassee - **Broker Phone:** 8503399346 ## Photos ![886 Coastal Highway - Photo 1](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f2667020219r.jpg) ![886 Coastal Highway - Photo 2](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f4247965123r.jpg) ![886 Coastal Highway - Photo 3](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f3388275228r.jpg) ![886 Coastal Highway - Photo 4](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f2781387251r.jpg) ![886 Coastal Highway - Photo 5](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f124141030r.jpg) ![886 Coastal Highway - Photo 6](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f449876670r.jpg) ![886 Coastal Highway - Photo 7](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f3426953842r.jpg) ![886 Coastal Highway - Photo 8](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f1337448421r.jpg) ![886 Coastal Highway - Photo 9](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f3272279011r.jpg) ![886 Coastal Highway - Photo 10](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f2169718239r.jpg) ![886 Coastal Highway - Photo 11](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f1275542149r.jpg) ![886 Coastal Highway - Photo 12](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f1520152789r.jpg) ![886 Coastal Highway - Photo 13](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f725239728r.jpg) ![886 Coastal Highway - Photo 14](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f561107040r.jpg) ![886 Coastal Highway - Photo 15](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f3587797574r.jpg) ![886 Coastal Highway - Photo 16](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f3587797574r.jpg) ![886 Coastal Highway - Photo 17](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f2196045566r.jpg) ![886 Coastal Highway - Photo 18](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f2330577233r.jpg) ![886 Coastal Highway - Photo 19](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f273371143r.jpg) ![886 Coastal Highway - Photo 20](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f3861148935r.jpg) ![886 Coastal Highway - Photo 21](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f2872921624r.jpg) ![886 Coastal Highway - Photo 22](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f4180056183r.jpg) ![886 Coastal Highway - Photo 23](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f4159438640r.jpg) ![886 Coastal Highway - Photo 24](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f3855917052r.jpg) ![886 Coastal Highway - Photo 25](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f654187015r.jpg) ![886 Coastal Highway - Photo 26](http://lh.rdcpix.com/667b7b5f8a86c1ae8f3ba4ee02adca4bl-f2601195074r.jpg) --- **MLS#:** 398389 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/886-coastal-highway-panacea-fl-32346-62117ef9b7aa4539bdd79ebcbea5b04e) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/886-coastal-highway-panacea-fl-32346-62117ef9b7aa4539bdd79ebcbea5b04e#listing", "url": "https://staging.propertysimple.ai/listing/886-coastal-highway-panacea-fl-32346-62117ef9b7aa4539bdd79ebcbea5b04e", "name": "886 Coastal Highway, Panacea, FL 32346", "description": "Attention developers and savvy investors: this 16.88 I1 zoned property on US-98/Coastal Highway is a rare opportunity to own a high-visibility commercial parcel in a growth corridor. 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