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$649,000
3 Beds 3 Baths 794185 MLS
Looking for Privacy on the water and in the middle of Callaway, this property has 1.49 and 256 Feet Waterfront on Callaway Bayou. This 3 Bedroom 3 Bath home had the pool equipment professionally refurbished in August of 2026, the home needs updating but this is a chance to make your own private oasis close to Tyndall AFB and Downtown Panama City. Water is deep enough to rebuild the dock and have access to the Gulf. There is 10ft-12ft clearance for your boat under the Star Ave bridge depending on tides. The home also has 2 hot water heaters, one by the kitchen and the other next to master bedroom. Metal Roof was replaced in 2019 after Hurricane Michael. The home is located in Flood Zone X. Home is currently on Well and Septic but Public Sewer and Water is available at front of the parcel.

7606 Lilly Street, Panama City

Listing courtesy of Counts Real Estate Group Inc.

$400,000
787792 MLS
Tucked away on 2.7 acres along the beautiful shores of Gainer Bayou, this private gated property offers the perfect blend of space, functionality, and waterfront living. The 2-bedroom, 2-bathroom home sits on a serene piece of land with peaceful bayou views, creating an ideal setting for full-time living or a relaxing weekend retreat. Inside, you'll find a comfortable layout with plenty of natural light and views of the water, while outside is where this property truly shines. The fully fenced backyard provides privacy and room for pets or entertaining, and the detached 2-car garage/workshop offers ample space for storage, tools, or hobbies. Whether you're enjoying quiet mornings overlooking the bayou or taking advantage of the acreage for outdoor living, this property delivers a rare opportunity to own waterfront land with room to spread out. With gated access, usable land, and direct Gainer Bayou frontage, properties like this don't come around often--schedule your showing today.

7516 Olde Mill Road, Panama City

Listing courtesy of Think Real Estate.

$52,900
786434 MLS
Exceptional waterfront home site with stunning water views located in the desirable gated community of Laird Point. Enjoy peaceful privacy, beautiful natural surroundings, and direct backyard water access to enjoy fishing, kayaking, and paddle boarding. Video Tour Available. This property gives you the ideal setting for a relaxed coastal lifestyle while remaining a short drive from the dining, shopping, and amenities of Panama City. Waterfront lots in gated communities near the Emerald Coast at this price point--of an interior lots--are increasingly rare. The lot has been recently cleared, providing a great opportunity to design and build your custom home or hold as a strong long-term investment. Community amenities include Tennis courts and RV & Boat Storage/parking secured area, with public boat ramps nearby for easy water access. Don't miss this opportunity to own 923 Tidewater Lane has a lot to give, and so close to the Emerald Coast's world-class beaches are just a short drive away, This great water Front Lot is a no brainier. Get it for the price of an internal no water front lot.

923 Tidewater Lane, Panama City

Listing courtesy of Beycome of Florida LLC.

$3,500,000
778827 MLS
Nestled in the heart of Southport and located next to the tranquil waters of North Bay, this rare 40-acre waterfront property offers a truly unique opportunity. With a deeded easement already in place, this property is ideal for future development. The land features a beautiful mix of mature trees, open clearings, and serene water views, providing the perfect setting for those seeking natural beauty, and endless possibilities. It's minutes from Lynn Haven, Panama City, and the beaches, yet feels a world away. With no HOA, the potential here is as vast as the acreage itself. Opportunities like this are few and far between--don't miss your chance to own a rare piece of waterfront paradise in Southport.

31 2s - 14W -5-, Southport

Listing courtesy of Empire Real Estate of Florida LLC.

$1,460,500
6 Beds 4 Baths 783140 MLS
Fully renovated and located directly on Mallet Bayou,. This waterfront home offers a rare opportunity to enjoy Bayou Living with direct access to the Gulf. Designed for use as a primary residence, the property combines modern updates with a setting ideal for those who value comfort, privacy, and an active waterfront lifestyle. The home was completely renovated from the ground up, including updated systems, finishes, and living spaces throughout. The layout supports everyday living while also providing flexibility for entertaining, with natural light and water views enhancing the interior spaces. Outside, the property features an existing dock, offering easy access for boating, kayaking, and fishing. With no seawall or shoreline reinforcement, the property maintains a natural bayou setting while still allowing for functional water access. The waterfront lot provides space to relax, entertain, or simply enjoy the peaceful surroundings. With no HOA and a quiet location, this home offers a true waterfront lifestyle while remaining convenient to Freeport amenities and nearby coastal destinations. This property truly combines upscale finishes, thoughtful design, and everyday comfort in one complete package. Contact your agent and schedule a showing today! All measurements and pertinent information to be verified by the buyer if important.

452 Mallet Bayou Road, Freeport

Listing courtesy of Centergate Realty LLC.

$6,185,000
782380 MLS
This exceptional 34-unit waterfront community, complete with a 22-slip marina, is now offered at a newly adjusted price, creating an even stronger value proposition for investors. In addition to its comprehensive renovations and prime waterfront amenities, the property includes an income-generating on-site laundry facility and a low-maintenance marina that produces steady net revenue, further strengthening the asset's operational performance. With 22 units fully renovated down to the studs in 2020, upgraded mechanicals, new roofs, contemporary interiors, and a history of consistently high occupancy, this community offers both stability and long-term growth potential. Positioned within the heart of Downtown Panama City's ongoing revitalization--featuring upgraded streetscapes, improved walkability, and renewed waterfront development--this asset remains one of the most compelling opportunities in the market. The pricing adjustment simply aligns the offering with current investor activity and enhances the property's already strong return profile.

240 Harmon Avenue, Panama City

Listing courtesy of Luxe Coastal Realty Group LLC.

$279,900
3 Beds 3 Baths 780613 MLS
Waterfront living at its finest! This beautifully updated 3-bedroom, 2.5-bath home in Callaway offers 1,547 sq ft of comfortable living space with an open floor plan that's perfect for entertaining. Enjoy stunning water views right from your backyard and your brand-new dock—ideal for fishing, boating, or simply relaxing by the water. Inside, you'll find new LVP flooring throughout, a spacious kitchen that opens to the living and dining areas, and plenty of natural light that highlights the home's modern feel. The primary suite features a private bath and great closet space. Step outside and take in the peaceful setting and waterfront breeze—this home is truly move-in ready and waiting for you!

308 Sukoshi Drive, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

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