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$175,000 Just Listed
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Property Description
Build your waterfront dream home on this expansive canal-front lot in Callaway Point, stretching over an acre and boasting approximately 200 feet of waterfront access with direct access to East bay and the Gulf. Whether you envision a full-time residence, a weekend retreat, or a long-term investment, this property offers a rare opportunity to create something that fits your lifestyle. With plenty of room to bring your vision to life, this property provides a true clean slate for a builder, investor, or buyer ready to build. Enjoy the freedom and privacy of waterfront living while still being conveniently located near Tyndall Air Force Base, local schools, shopping, grocery stores, restaurants, and all Panama City has to offer. Whether you're chasing the early-morning bite, cruising the waterways in the afternoon, or watching the sunset over the water at the end of the day, this property offers the opportunity to build a waterfront lifestyle in a convenient Panama City location. Water access, acreage, and endless potential--opportunities like this don't come along often.
Full Property Details
Full Property Details for 1505 E Park Rd
General
- Price: $175,000
- Taxes: $1,547 (2025)
- Status: Active
- Type: Vacant Land
- Source: Bay_County
- MLS ID: 794629
- Updated: 8/26/2026
- Added to Site: 1 day(s) ago
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: Head South on US HWY 98, then turn right onto Boat Race Rd. Head East Approximtely 1 mile, and turn right onto Wallace Rd. Finally, in 1/4 mile, turn right onto E Park Rd. The property will be on your left.
School Information
- Elementary School: Callaway
- Middle School: Everitt
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
Utilities
- Utility Description: Sewer Available
Lot Features
- Property View: Bay, Canal
- Lot Size (Acres): 1.15
- Lot Size (Sq. Ft.): 49,658
- Lot Size: 1.15
- Lot Dimensions: 200.0 ft x 250.0 ft
- Lot Features: Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Canal Front, Gulf Access
- Water Front View: Canal Front, Gulf Access
Financial Considerations
- Tax Amount: $1,547.69
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: EAST BAY PARK LOTS 27 & 28 BLK A (132C4) ORB 4052 P 693
- Property ID: 07248-000-000
Listed by Empire Real Estate of Florida LLC
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Schools
Schools serving 1505 E Park Rd
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Tyndall Elementary School 7800 Tyndall Pkwy, Tyndall Air Force Base, FL 32403 | PK-8 | 3.2 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1505 E Park Rd
Date
Details
Price
Change
Source
8/26/2026
Listed
$175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1505 E Park Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,548
9%
$121,212
8%
2024
$1,417
14%
$111,732
25%
2023
$1,238
14%
$89,083
6%
2022
$1,089
-3%
$84,318
—
2021
$1,118
-16%
$84,318
-15%
2019
$1,332
5%
$99,636
—
2018
$1,274
-5%
$99,636
-1%
2017
$1,335
-3%
$100,646
—
2016
$1,370
-7%
$100,646
-5%
2015
$1,480
—
$105,412
—
2014
$1,479
7%
$105,412
-2%
2013
$1,383
—
$107,578
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1505 E Park Rd
1505 E Park Road, Panama City, FL 32404 (MLS# 794629) is a Vacant Land property with a lot size of 1.15 acres. 1505 E Park Road is currently listed for $175,000 and was received on August 27, 2026. Want to learn more about 1505 E Park Road? Do you have questions about finding other Vacant Land real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

