Waterfront
Address
1164 Cove Pointe Drive, Panama City, FL
Price
$ 2,349,000
Property Attributes
- MLS#978870
- TypeSingle Family
- Listing Status Pending
- CountyBay
- CityPanama City
- AreaBay County
- NeighborhoodCove Pointe
- Zip32401
- StyleContemporary
- Year Built2023
- Taxes$ 16092
- Price$ 2,349,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3487
- Lot Size0.57 Acres
Data Source:
Emerald Coast MLS (ECAR)
Property Description
MOVE-IN READY | NO LEASE-BACK | WATERFRONT MODEL HOME WITH DESIGNER FURNISHINGS The showpiece model everyone remembers is now available for immediate occupancy—no lease-back required. Previously offered with an 18-month delay, this fully furnished Arthur Rutenberg home is ready for its first full-time owner. Positioned on 154 feet of deep-water bayou frontage, this custom-built residence blends timeless elegance with modern functionality in the waterfront community of Cove Pointe. With over 5,000 square feet under roof, the 4-bedroom plus den plus bonus room layout showcases soaring vaulted ceilings with exposed beams, disappearing glass walls, and curated designer finishes throughout. The heart of the home opens to a resort-style outdoor living space featuring a vanishing-edge pool, spa, lanai, cabana, and a fully equipped outdoor kitchen. Additional highlights include a gourmet kitchen with hidden pantry, smart home features, a 3-car garage, and a private Home Delivery Center for secure, contact-free package drop-off. Located in a tranquil bayou setting with direct access to Shell Island and the Gulf, and situated in a low-dues HOA community, this is a rare opportunity to own a turnkey luxury waterfront property without the wait. All information deemed reliable but not guaranteedif important, buyer to verify.
| Elementary School | Middle School | High School |
|---|---|---|
| Cherry Street Elementary School | Jinks Middle School | Bay High School |
| Price History | |
|---|---|
| 5/26/2026 | Listed $2,349,000 |
General Features
| Utilities | Gas - Natural,Public Water,TV Cable,Underground |
|---|---|
| Zoning | Resid Single Family |
| Property Subtype | Detached Single Family |
| County | Bay |
| Property Type | Residential |
| Subdivision Name | Cove Pointe |
| Status | Pending |
| Buyer Financing | Conventional,FHA,VA |
| Directions | Headed South on Martin Luther King Jr Blvd, left onto Bus 98, right onto E Fourth st, becomes Mercedes, left onto E Third Ct, enter into Cove Pointe, take a right and follow circle, pass round about and home is on the right. |
| High School | Bay |
| City | Panama City |
| MLS Area | 27 - Bay County |
| Lot Size Units | Acres |
| Lot Size Square Feet | 24829.2 |
| Elementary School | Cherry Street |
| Middle/Junior High School | Jinks |
| MLS Area Minor | 2703 - Bay - Central SW |
| Standard Status | Pending |
| Sewer | Public Sewer |
| View | Bayou |
| Waterfront Features | Bayou,Shore - Natural |
| Tax Assessed Value | 776 |
| Heating | Natural Gas |
| Cooling | Ceiling Fans,Central Air |
| Garage Spaces | 3 |
| Patio/Porch Features | Patio Covered |
| Architectural Style | Contemporary |
| Construction Materials | Siding CmntFbrHrdBrd,Stucco |
| Year Built | 2023 |
| Stories Count | 1 |
| Tax Year | 2024 |
| New Construction | false |
| Attached Garage | true |
| Total Rooms | 6 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
| Pool Features | Pool - In-Ground,Pool Type |
| Virtual Tour | https://www.zillow.com/view-imx/1fc374cf-9825-4a94-bafe-b4c667a284da?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard |
Interior Features
| Total Baths | 4 |
|---|---|
| Interior Amenities | Ceiling Beamed,Ceiling Vaulted,Kitchen Island |
| Flooring | Floor Hardwood,Floor Tile,Floor WW Carpet New |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Double Pane Windows |
Exterior Features
| Lot Features | Aerials/Topo Availbl,Covenants,Irregular,Restrictions |
|---|---|
| Lot Size Area | 0.57 |
| Lot Dimensions | Irregular |
| Lot Size Acres | 0.57 |
| Road Surface Type | Paved |
| Waterfront Y/N | true |
| Exterior Amenities | Hot Tub,Sprinkler System,Summer Kitchen |
| Building Area Total | 3487 |
| Parking Features | Garage |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32401
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Copyright © 2026 by the Multiple Listing Service of the Pensacola Association of
REALTORS ® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, re-transmitted, copied, framed, re-purposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS ®. Florida
