4133 Catherine Street, Panama City Beach, FL 32408 - Bay County

Buildable Double Lot - Steps to the Water! Opportunity knocks... and this one is loud. Just one block off the water, this oversized double lot offers flexibility that's almost impossible to find in this part of Panama City Beach. Build two homes for maximum investment potential, or spread out and create one custom coastal dream home with room for everything you've ever pictured. Located just down the road from The Preserve on the Bay and Bay Point, you'll enjoy the convenience of premier neighborhoods-without the HOA fees. That's right... freedom to build what you want, how you want it. A two-story home on this property can capture peek-a-boo water views from the upper level, giving you that daily ''pinch-me'' moment. Even better, the lot sits in Flood Zone X, meaning no flood insurance requirementa rare win this close to the coast. Whether you're a builder, investor, or someone ready to design your forever beach retreat, this location simply can't be beat.

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.