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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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1150 Cove Pointe Dr , Panama City, FL 32401
$100,000
Est. Payment: $552.49/mo
0.2 Acres
Status: Active | Days on site: 21
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Harrison Lilly Team
Owner/Operator

House 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!

Highlights

Listed by Zachary T Murzyn , 850-481-5322 Secure Real Estate , 850-481-5322. Bay County Association of REALTORS

Property Type

Vacant Land

Lot/Acreage
0.2

HOA Fee

700 Annually

County

Bay

Area

02 - Bay County - Central

Neighborhood

Cove Pointe

Listing ID

795489

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Interior Features

Exterior Features

Lot:Paved
Lot Dimensions:Irregular
Zoning:Resid Single Family
Principal Interest
$552
Taxes
$83
HOA
$700

Home Price

$100,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$20,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$552.49

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $552.49 $83.31 $700.00 $1,335.79
Yearly $6,629.83 $999.70 $8,400.00 $16,029.53
Total $198,894.81 $29,991.00 $252,000.00 $480,885.81

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T05:07:46.000Z

© 2026 Bay County Association of REALTORS