$100,000
Panama City, FL 32401
MLS# 795489
1 / 13
Property Description
High and Dry, Flood Zone X, water, sewer, and power at the road. Survey in hand. 1150 Cove Pointe Dr is ready to build on! This .199-acre homesite sits on a quiet interior street in Cove Pointe, a small single-family community on Watson Bayou. Owners share a private day dock -- from there you're into St. Andrews Bay and out to the Gulf with no overhead obstructions along the way. There's real history on this ground. It was Cove Gardens, built in the early 1940s as the only military housing in Bay County. When the Air Force released it, an act of Congress routed the sale through the City so the proceeds would go back to Tyndall, and the City wrote the development rules itself, low density, protect the trees. That's why the oaks are still standing. The developer removed all 133 units, restored the site, and put in new roads, utilities, drainage, and the community dock. Fifty-eight lots in all, completed in 2006. HOA dues are $700 a year. Minimum build is 1,800 heated and cooled square feet, with a two-car garage and architectural review. In-ground pools are permitted. Short-term rentals are not, so this is a neighborhood people live in. A community park, named for one of the original partners, is planned and not yet built. Downtown Panama City's waterfront district is minutes by car or golf cart. Restaurants, Marinas, St. Andrews Bay Yacht Club, and Bay Medical are all close. Survey, covenants, and design guidelines available on request. Schedule your showing today!
Details
Maps
Contract Info
List Price/Acre: 500000
Status: Active
List Date: 2026-09-16
List Price: $100,000
Current Price: $100,000
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: No
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Heading South on N Cove Blvd. turn left on E 3rd Street. Cove Pointe will be on the left and this is the first lot on the right on the corner. Sign in yard
Street #: 1150
Street Name: Cove Pointe
Street Suffix: Drive
Area: 02 - Bay County - Central
State: FL
Zip Code: 32401
County: Bay
Subdivision: Cove Pointe
Parcel ID: 21267-157-000
Legal Description: COVE POINTE LOT 57 ORB 4737 P 2357
General Property Info
Acreage: 0.2
Lot Size (SqFt): 8712
Lot Dimensions: Irregular
Sub-Type: Residential Lots
Listing Info, Tax & Legal
HOA Fee: Yes
HOA Amount: 700
HOA Frequency: Annually
HOA Annual Amount: 700
Last Taxes: 999.7
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: High and Dry, Flood Zone X, water, sewer, and power at the road. Survey in hand. 1150 Cove Pointe Dr is ready to build on!
This .199-acre homesite sits on a quiet interior street in Cove Pointe, a small single-family community on Watson Bayou. Owners share a private day dock -- from there you're into St. Andrews Bay and out to the Gulf with no overhead obstructions along the way.
There's real history on this ground. It was Cove Gardens, built in the early 1940s as the only military housing in Bay County. When the Air Force released it, an act of Congress routed the sale through the City so the proceeds would go back to Tyndall, and the City wrote the development rules itself, low density, protect the trees. That's why the oaks are still standing. The developer removed all 133 units, restored the site, and put in new roads, utilities, drainage, and the community dock. Fifty-eight lots in all, completed in 2006.
HOA dues are $700 a year. Minimum build is 1,800 heated and cooled square feet, with a two-car garage and architectural review. In-ground pools are permitted. Short-term rentals are not, so this is a neighborhood people live in. A community park, named for one of the original partners, is planned and not yet built.
Downtown Panama City's waterfront district is minutes by car or golf cart. Restaurants, Marinas, St. Andrews Bay Yacht Club, and Bay Medical are all close.
Survey, covenants, and design guidelines available on request. Schedule your showing today!
Association Fees Include
Dock: 1
Financing
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Near Public Boat Ramp: 1
Within 1/2 Mile to Water: 1
Lot Access
Paved Road: 1
Present Zoning
Resid Single Family: 1
Association Amenities
Dock: 1
Utilities
All Utilities: 1
Sale Type
As Is: 1
Property Features
Financing: Cash; Conventional
Lot Access: Paved Road
Lot Features: Corner Lot; Near Public Boat Ramp; Within 1/2 Mile to Water
Sale Type: As Is
Utilities: All Utilities
Present Zoning: Resid Single Family
Listing Office: Secure Real Estate
Last Updated: September - 16 - 2026
Information deemed reliable but not guaranteed.