$189,000
Panama City, FL 32401
MLS# 791559
1 / 20
Property Description
Build your dream home on this exceptional 0.365-acre waterfront homesite in the highly sought-after Cove Pointe community of Panama City. Nestled along the shores of Watson Bayou, this beautiful lot offers access to a navigable waterway leading directly to St. Andrews Bay, the Intracoastal Waterway, and the Gulf of Mexico, making it an ideal location for boating enthusiasts. Known for its mature hardwood trees, elevated topography, and charming waterfront setting, Cove Pointe is one of Panama City's most desirable neighborhoods in Panama City. Residents enjoy a peaceful coastal lifestyle while being just minutes from downtown Panama City, marinas, dining, shopping, medical facilities, and the St. Andrews Bay Yacht Club. Whether you're planning a custom primary residence, vacation home, or waterfront retreat, this rare homesite presents an outstanding opportunity to build in an established community that perfectly blends natural beauty, convenience, and access to some of the area's best boating and waterfront amenities.
Details
Maps
Contract Info
List Price/Acre: 525000
Status: Active
List Date: 2026-06-18
List Price: $189,000
Current Price: $189,000
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: Yes
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Heading east from the Hathaway Bridge, taking 98 BUS E, turn right on E 4th St, slight left onto Mercedes Ave, turn left on E 3rd Ct. At the traffic circle, take the 3rd exit onto Cove Pointe Dr, destination will be on the left.
Street #: 1112
Street Name: Cove Pointe
Street Suffix: Drive
Area: 02 - Bay County - Central
State: FL
Zip Code: 32401
County: Bay
Subdivision: Cove Pointe
Parcel ID: 21267-152-000
Legal Description: COVE POINTE LOT 52 4718 P 282
General Property Info
Acreage: 0.36
Lot Size (SqFt): 15682
Lot Dimensions: 80 x 185 x 81 x 171
Sub-Type: Residential Lots
Listing Info, Tax & Legal
HOA Fee: Yes
HOA Amount: 1000
HOA Frequency: Annually
HOA Annual Amount: 1000
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Build your dream home on this exceptional 0.365-acre waterfront homesite in the highly sought-after Cove Pointe community of Panama City. Nestled along the shores of Watson Bayou, this beautiful lot offers access to a navigable waterway leading directly to St. Andrews Bay, the Intracoastal Waterway, and the Gulf of Mexico, making it an ideal location for boating enthusiasts. Known for its mature hardwood trees, elevated topography, and charming waterfront setting, Cove Pointe is one of Panama City's most desirable neighborhoods in Panama City. Residents enjoy a peaceful coastal lifestyle while being just minutes from downtown Panama City, marinas, dining, shopping, medical facilities, and the St. Andrews Bay Yacht Club. Whether you're planning a custom primary residence, vacation home, or waterfront retreat, this rare homesite presents an outstanding opportunity to build in an established community that perfectly blends natural beauty, convenience, and access to some of the area's best boating and waterfront amenities.
Association Fees Include
Master Association: 1
Financing
Cash: 1
Conventional: 1
Lot Features
Covenants: 1
Interior Lot: 1
Waterfront: 1
Lot Access
City Street: 1
Paved Road: 1
Present Zoning
Deed Restrictions: 1
Resid Single Family: 1
Showing
ShowingTime: 1
Utilities
Electricity - Connected: 1
Public Sewer Available: 1
Water Connected: 1
Waterview
Bayou: 1
Sale Type
As Is: 1
Waterfront Type
Bayou w/ Gulf Access: 1
Property Features
Financing: Cash; Conventional
Lot Access: City Street; Paved Road
Lot Features: Covenants; Interior Lot; Waterfront
Sale Type: As Is
Showing: ShowingTime
Utilities: Electricity - Connected; Public Sewer Available; Water Connected
Waterfront Type: Bayou w/ Gulf Access
Waterview: Bayou
Present Zoning: Deed Restrictions; Resid Single Family
Listing Office: Legacy Premier Agency
Last Updated: June - 18 - 2026
Information deemed reliable but not guaranteed.