Discover an incredible WATERFRONT opportunity in the Cove on Massalina Bayou! This home is full of original character and ready for its next chapter. Whether that's a loving restoration for the Buyer who thrives on bringing a classic back to life, or a blank canvas to build the waterfront masterpiece you've been dreaming of. Sitting on .49 acres, this homesite is 95' wide by 225' deep and has endless possibilities. The homesite offers 95' water frontage, .49 acres, alley access and high elevation. This is a setting that's nearly impossible to find in the Cove neighborhood. Enjoy the best of Cove living with walkable access to the neighborhood's waterfront parks, oak-tree lined streets and tight-knit community, plus just minutes to downtown Panama City's restaurants, marina, and events. Launch the boat, cruise on the golf cart to dinner, and watch sunsets from your yard. Bring your vision, your contractor, and your imagination. Build your dream home or renovate and restore! Enjoy alley access on this waterfront homesite where a mother-in-law suite or an income producing unit is highly desired. Build a garage for all the tools, projects and cars. Fix it, flip it or demo it. The choice is yours! This property is being sold as-is. The house and dock are in need of repair/demolition. Buyer to verify all details.