Waterfront Lot with Gulf Access - Rare Opportunity in the Panama City area. Discover the perfect blend of seclusion and convenience with this stunning waterfront lot located in Callaway on the east end of Panama City. Just minutes from Tyndall Air Force Base and only a 30-minute drive to the white-sand beaches of Panama City Beach, this property offers a peaceful escape while keeping you close to everything the area has to offer. This is one of six prime waterfront lots available—buy one, two, or all six for an incredible investment or development opportunity. Each lot offers direct Gulf access, and this particular lot features its own dock, making it ready for you to build your dream home right away.