Lot 40 S Compass Point Way, Panama City Beach, FL 32461

$1,185,000
Property Type: Land Lot Size (sq. ft.): 5,227 Status: Sold
Current Price: $1,375,000 List Date: 9/01/2017 Last Modified: 8/27/2025

Description

This stunning homesite has been approved for a 3,903 Sq/ft home designed by T.S Adams. This unique home features indoor/outdoor living with corner nano doors. A large open indoor floor plan and 5 bedrooms for spacious coastal living. Do not miss the opprotunity to have this coastal luxury homesite with 360 views of the Gulf of Mexico and Watersound. buyer to verify all approval information and lot dimensions. please see attached survey and plans!

More Information MLS# 782562

Status Change Info

Sold Price/Acre: 9875000 Status: Sold Under Contract Date: 2017-09-20 Sold Date: 2017-11-22 Sold Price: $1,185,000

Contract Info

Listing Board: Emerald Coast List Price/Acre: 11458333.33 List Date: 2017-09-01 List Price: $1,375,000

Location, Tax and Legal

Sub Area: 1806 - S of of 30A/East Elementary School: Van R Butler Middle School: Emerald Coast High School: South Walton Legal Description: LOT 40 WATERSOUND BEACH PH 4 PB 15-84 OR 2997-4890

General Property Info

Sub-Type: Vacant Land Acreage: 0.12 Mineral Rights: No

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 1110 Assessment Paid: Quarterly New Buyer Fee: Yes New Buyer Fee Amt: 250 New Buyer Fee Paid: $ Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: This stunning homesite has been approved for a 3,903 Sq/ft home designed by T.S Adams. This unique home features indoor/outdoor living with corner nano doors. A large open indoor floor plan and 5 bedrooms for spacious coastal living. Do not miss the opprotunity to have this coastal luxury homesite with 360 views of the Gulf of Mexico and Watersound. buyer to verify all approval information and lot dimensions. please see attached survey and plans!

Waterview

Gulf: 1 Lake: 1

Lot Features

Cleared: 1 Covenants: 1 Curb & Gutter: 1 Interior: 1 Restrictions: 1 Survey Available: 1 Within 1/2 Mile to Water: 1 See Remarks: 1

Project Facilities

Beach: 1 Deed Access: 1 Exercise Room: 1 Fishing: 1 Gated Community: 1 Golf: 1 Handicap Provisions: 1 Pavillion/Gazebo: 1 Pets Allowed: 1 Picnic Area: 1 Pool: 1 Tennis: 1 Waterfront: 1

Lot Access

Controlled Access: 1 Paved Road: 1 Private Road: 1 See Remarks: 1

Utilities

Electric: 1 Gas Available: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Fees Include

Ground Keeping: 1 Legal: 1 Management: 1 Recreational Faclty: 1 Security: 1 Services: 1

None

Current Price: $1,185,000

Location Tax and Legal

Street #: Lot 40 Street Direction: S Street Name: Compass Point Street Suffix: Way Area: 18 - 30A East State: FL Zip Code: 32461 County: Walton Project Name/Subdivision: WATERSOUND Parcel ID: 20-3S-18-16013-000-0400

Property Features

Lot Access: Controlled Access; Paved Road; Private Road; See Remarks Lot Features: Cleared; Covenants; Curb & Gutter; Interior; Restrictions; Survey Available; Within 1/2 Mile to Water; See Remarks Zoning: Resid Single Family Waterview: Gulf; Lake Project Facilities: Beach; Deed Access; Exercise Room; Fishing; Gated Community; Golf; Handicap Provisions; Pavillion/Gazebo; Pets Allowed; Picnic Area; Pool; Tennis; Waterfront Utilities: Electric; Gas Available; Public Sewer; Public Water Fees Include: Ground Keeping; Legal; Management; Recreational Faclty; Security; Services
Listing Office: The Premier Property Group Watercolor Office
Last Updated: August - 27 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.