Huge price reduction! Motivated seller! Coastal Living Starts Here in Panama City! Build your dream home on this beautiful 1.49-acre waterfront lot with direct access to the water and the relaxed Florida lifestyle you've been waiting for. Located on the scenic shores of Callaway Bayou, this property offers protected, boatable water that connects to the Gulf Intracoastal Waterway, leading out to St. Andrews Bay, Shell Island, and the open waters of the Gulf of Mexico. Just imagine pulling your boat right up to your future home--simply bring your own dock and start enjoying life on the water. This rare waterfront parcel offers approximately 1.49 acres of space to design and build the custom coastal home you've always envisioned. With no HOA, you have the freedom to create your own private retreat while enjoying the peace and beauty of the bayou. Conveniently located just minutes from Tyndall Air Force Base, along with shopping, restaurants, and schools, this property offers the perfect blend of tranquility and accessibility. Opportunities like this don't come along often--secure your piece of waterfront paradise and start living the true Florida coastal lifestyle.