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1107 Cove Pointe Dr, Panama City, FL, 32401

$350,000

0.69 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeResidential
WaterfrontBayou, Waterfront
ViewBayou
MLS #762066
Lot Size0.69 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1107 Cove Pointe Dr

CURRENTLY UNDER CONTRACT - SELLER ACCEPTING BACK UP OFFERS. An incredible WATERFRONT opportunity to DESIGN AND BUILD YOUR OWN DREAM HOME in the highly desirable historic Cove neighborhood! Located on a cul-de-sac in Cove Pointe on beautiful Watson Bayou, this .69-acre homesite gives pure views and the ability to get from the waters of St. Andrews Bay to the open Gulf of Mexico from your back yard! With over 90' water-frontage on Watson Bayou, you'll enjoy bay breezes and privacy on your dream lot. DEP HAS GIVEN DOCK APPROVAL AND DOCK PLANS ARE INCLUDED IN THE SALE! Build your OWN DREAM HOME on this incredible waterfront lot!Imagine yourself living waterfront in this picturesque community filled with hundred year oak trees lined with sidewalks and just minutes from the booming downtown Panama City area. The Cove neighborhood provides golf cart-friendly streets, many city-maintained parks, and is home to the St. Andrews Bay Yacht Club. Downtown Panama City is easily accessible within 1 mile and you'll enjoy dining such as Ferrucci Italian Ristorante, Trigo San Francisco Deli and Tom's Hot Dogs. Take a stroll down the sidewalks of Downtown and stop at History Class Brewing Company or The Press Coffee Shop! All paths lead to the waters edge down the oak-tree lined streets of Harrison Avenue where you'll end at Harrison's Kitchen & Bar and the new Hotel Indigo! Downtown is booming and the place to be is THE COVE!Seller also has engineered building plans available for an ADDITIONAL FEE for a home that is 2,572 SF with a 2-car garage, waterfront primary suite on the main level and a grand two-story living room. The home includes 3 bedrooms, 4 baths and an unfinished bonus room providing an additional opportunity of 300 sf more living space. Buyer to verify all information.

Property Details

Property Features

Listing Office:

  • Office Name: Corcoran Reverie

Exterior Features

Exterior Information:

  • Waterfront: Bayou, Waterfront
  • View: Bayou

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Waterfront
  • Lot Size: 0.69 Acres

Other

Directions Information:

  • Directions: Go south on N Cove Blvd from Hwy 77 intersection. Turn left onto E 4th Street. Turn right onto N Palo Alto Avenue. Turn left onto E 3rd Street. Enter the roundabout at the Cove Pointe subdivision and take the third exit onto Cove Pointe Drive. The property is at the end of the cul-de-sac.

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000

HOA Fees:

  • Amount: $650
  • Frequency: Annually

Tax Information:

  • Annual Amount: $2,808
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

1107 Cove Pointe Dr vs Panama City

49 DAYS ON ROCKET

-28 Days

$350,000

+$10.5K More

KEY TAKEAWAY

This property is $10.5K more than the Median Sold Price in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #762066

Listing Office:

  • Office Name: Corcoran Reverie

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/19/2024, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,808$166,875
2018$2,346$154,956
2017$2,322$154,956

History based on county public records data.

Payment Calculator

$1,868

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-16403
1
/10
  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.52 miles

  • Public District Grades PK-5

school-card-donut-16404
1
/10
  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 1.88 miles

  • Public District Grades PK-5

school-card-donut-16405
6
/10
  • Palm Bay Elementary School

  • 1104 Balboa Ave

  • 2.19 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,803. Most Panama City, FL residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1107 Cove Pointe Dr

What is the listing price of this property?

The listing price of 1107 Cove Pointe Dr property is $350,000.

What type of property is this?

The property 1107 Cove Pointe Dr is land located in Panama City, Florida, 32401.

Is this property for sale now?

Accepting Backup Offers: 1107 Cove Pointe Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,808 (source: MLS/based on county public records data).

How much acreage is this property?

The property 1107 Cove Pointe Dr is 0.69 acres.
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Rocket Homes›Florida›Bay County›Panama City›32401›1107 Cove Pointe Dr

This home is located at 1107 Cove Pointe Dr in Panama City, FL and zip code 32401 in the Cove Pointe neighborhood. This home sits on a 0.69 acre lot. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $350,000.

In October 2024 more than 16 listings in Panama City, FL were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 138 were sold below. The number of listings in Panama City, FL decreased by 1.7% between September 2024 and October 2024. In October 2024, listings were on the market for 77 days. During the same period, the median list price in this real estate market was $339,477.

From Rocket Homes Real Estate and based on county public records data.

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