The Cove, Panama City FL Real Estate Guide

The Cove is an established waterfront neighborhood in Panama City, Florida, positioned along St. Andrew Bay near the downtown district. Known for its historic homes, bay views, and mature tree-lined streets, The Cove attracts buyers seeking character properties and coastal proximity within the city core.

Market Reports  |  Neighborhood Tours  |  Overview  |  Community Highlights  |  Location

Search All The Cove Homes

Panama City Real Estate Market Reports

Monthly updates covering pricing trends, inventory levels, and recent sales activity across the Panama City residential market, including The Cove.

The Cove Overview

The Cove is one of Panama City’s most established residential neighborhoods, positioned along the shoreline of St. Andrew Bay. The area is recognized for its historic homes, varied architectural styles, and proximity to the downtown business and marina districts.

Originally developed in the early 20th century, The Cove features a mix of restored historic residences and updated coastal homes. Many properties are situated on spacious lots with mature landscaping, and select homes offer direct bay frontage or protected water access.

Real Estate Characteristics

• Architectural Variety: Common styles include Colonial Revival, Mediterranean influences, traditional Florida cottages, and renovated coastal designs.
• Waterfront & Bay-View Homes: Portions of the neighborhood border St. Andrew Bay and Massalina Bayou, with select properties offering private docks or open-water views.
• Established Streetscapes: Mature trees and longer-developed lots contribute to the neighborhood’s distinct visual character.
• Primary Residential Use: The Cove is primarily composed of single-family homes with limited commercial intrusion.

Community Highlights

• Water Access: Close proximity to St. Andrew Bay supports boating and fishing activity, with nearby marina access in the downtown corridor.
• Parks & Green Space: Joe Moody Harris Park and Massalina Bayou Park provide public waterfront and open space within the neighborhood footprint.
• Downtown Proximity: The neighborhood connects directly to downtown Panama City’s dining, marina, and arts venues.
• Established Community Identity: The Cove is widely recognized locally for its historic roots and waterfront positioning.

Buyer & Seller Considerations

• For Buyers: The Cove appeals to those seeking architectural character, bay access, and proximity to downtown employment and marina activity.
• For Sellers: Pricing strategy often reflects lot positioning, water frontage, renovation level, and historic elements that differentiate properties within the neighborhood.

Location

The Cove is located along the St. Andrew Bay shoreline near downtown Panama City, Florida. Positioned just east of the Panama City Marina and adjacent to Massalina Bayou, the neighborhood offers convenient access to U.S. Highway 98 and the city’s central waterfront corridor.

Search All The Cove Homes