- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
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Street View
$100,000
Monthly Est:$498
-- Bed
- -- Bath
0.2acre lot
1150 Cvs Pointe Dr, Panama City, FL 32401
$100,000
$498/moEst:
Get Pre-Approved
Unimproved Land
Built in -
$58.33/mo HOA
0.2 acre lot
$500,000/acre
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!
- Houzeo last checked: 12 hours ago
- Listing updated: September 16, 2026 at 8:40 pm
- Listing Provided by: Zachary T Murzyn (850) 481-5322 DRE #SL3530815 | Secure Real Estate (850) 481-5322
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 795489

Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
$58.33/mo
Finished Area
- sqft
Lot Size
0.2 acre lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
795489
MLS Status
Active
Days on Market
47

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Location
HOA Management
N/A
HOA Fees
$700/ Annually
Amenities
Amenities and services may be covered by one or multiple associations and service providers.
Dock
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Utilities & Energy
Association Amenities
Dock
Other Features
Subdivision Name
Cove Pointe
Lot Features
Paved
Price History
| Date | Event | Price |
|---|---|---|
09/16/2026 Source: | Price Decreased | $100,000 -9.91% $0/sqft |
06/16/2026 Source: | Price Decreased | $111,000 -3.48% $0/sqft |
05/15/2026 Source: | Listed for Sale | $115,000 -8.00% $0/sqft |
04/03/2026 Source: | Price Increased | $125,000 +23.15% $0/sqft |
04/03/2026 Source: | Off Market | $101,500 $0/sqft |
Cove Ranks #1 in Panama City, FL
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Based on information from Central Panhandle Association of REALTORS® MLS through Nov 02, 2026, 02:15PM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®
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