Bay Point Homes for Sale on Grand Lagoon in Panama City Beach, FL

Updated Nov 13, 2026

Bay Point is a gated community on the east end of Panama City Beach, FL 32408, where Grand Lagoon meets St. Andrews Bay. It's built around a Nicklaus Design golf course and Point South Marina, with canal-front homes, golf course homes, condos and villas inside the gate. My Bay Point search link below is filtered to this community. The cards above can include a sold home, and they can miss condos near Point South Marina. Below is what I go over with buyers before they write an offer here.

View Bay Point homes for sale · Call or text me: 850-596-5844

Bay Point by the numbers

• Golf: the Nicklaus Course at Bay Point Golf Club, 18 holes, par 72, a little over 7,000 yards from the back tees and five sets of tees from about 4,100 yards. The club calls it the only Nicklaus Design course in Northwest Florida.
• Course history: originally designed by Bruce Devlin in 1986 as Lagoon Legends and renovated by Nicklaus Design in 2005, per the club.
• Setting: the club describes the course as part of a 1,100-acre nature preserve against St. Andrews Bay and a marsh wildlife sanctuary.
• Marina: Point South Marina at Bay Point has 127 slips for boats from 30 to 120 feet, a fuel dock, shore power and in-slip pump-out. It fully reopened in 2022 after four years of hurricane recovery.
• Second course: the Meadows course has been closed since Hurricane Michael in October 2018. In August 2023, Bay County commissioners approved a land-use change that allows homes on some of the old golf course parcels.
• Listings on Nov 13, 2026: 34 single-family homes in the MLS, from $439,000 to $3,150,000, plus one pending at $2,100,000.
• ZIP: 32408, Bay County.

Where Bay Point is and what's next door

Bay Point sits on the bay side of Grand Lagoon at the east end of Panama City Beach, with the golf club at 4701 Bay Point Road and the marina on Hatteras Lane. Thomas Drive and the Gulf beaches are on the other side of the lagoon, and St. Andrews State Park is a short drive away. The Nicklaus course winds through the Sheraton Panama City Beach Golf & Spa Resort grounds, per Visit Panama City Beach.

For comparison shopping nearby, look at my Thomas Drive homes and condos for sale guide, Lower Grand Lagoon real estate, Reflections at Bay Point for a condo inside Bay Point, and Panama City Beach homes with boat slips and private docks. The wider guide is Panama City Beach homes and condos for sale.

What kinds of homes you'll find

Bay Point is older and more varied than the newer gated neighborhoods out west. Many canal homes are decades old (523 Wahoo Road, listed on Nov 13, was built in 1980), and plenty have been rebuilt or remodeled since. You'll find:

• Canal-front homes on streets like Wahoo Road, Marlin Circle, Redfish Circle and Trout Lane, many with private docks and boat lifts and a run out to the bay.
• Golf course homes along the Nicklaus fairways.
• Condos and villas closer to the marina and the resort, including Reflections at Bay Point. Each has its own condo association on top of the community association.
• Lots and rebuilds, where an older house on a good canal lot is worth more as land.

When I compare two Bay Point homes for a buyer, I look at:

• the canal: width, depth at low tide, how far to open water and any bridges
• the dock and lift: condition, capacity and the permits behind them
• the seawall, its age and who's responsible for it
• year built and what's been redone: roof, windows, HVAC, plumbing and electrical
• the flood zone and elevation certificate, since many canal homes sit low
• wind and flood insurance quotes, before the numbers are final
• community association dues, plus condo dues if it's a condo
• resale comps inside Bay Point, not the rest of the beach

Boating, golf and amenities

Boating. This is the main reason people buy here. Bay Point's canals and Point South Marina open to Grand Lagoon and St. Andrews Bay, with the Gulf through the St. Andrews Pass. The marina has 127 slips, fuel, a ship's store, a fish cleaning station and a boat launch for marina tenants only. A marina slip is a separate agreement from your home purchase. Don't assume a condo or a house comes with one; confirm slip rights, transfer rules and fees in writing.

Golf. The Nicklaus Course is open, and the club's signature fifth hole plays to an island fairway in Grand Lagoon and a green over St. Andrews Bay. Membership is through the club, not the homeowners association, so ask about current membership options and costs separately.

The Meadows question. The second course has been closed since October 2018. In 2021 BP Linx, a company owned by a local Bay Point family, bought the club, both courses and the Bar 72 restaurant. In August 2023 the county approved residential use on some of the golf course parcels, plus about 34 acres of C1 neighborhood commercial zoning along Magnolia Beach Road and Delwood Beach Road. The developer called the zoning the first step in a lengthy process, so it doesn't mean homes are coming soon. If you're looking at a house that backs to the old Meadows, ask what's planned behind you before you buy.

Around Bay Point. St. Andrews State Park, Shell Island boat trips and the Grand Lagoon restaurants on Thomas Drive and North Lagoon Drive are a short drive.

How I'd tour Bay Point

If you're coming down to look, here's how I set up a Bay Point day so you see the real thing, not only the listing photos:

• Start at the gate. Note how guests and deliveries get in, and ask the association how renters and contractors are handled. It tells you a lot about daily life.
• Drive the canals at low tide. Depth matters more than the view. If you own a bigger boat, we'll look at how far each canal runs to open water and where the shallow spots are.
• Stop at Point South Marina. Ask about slip availability, waitlists and what a slip costs per month or per year, so you can compare a canal home against a condo plus a slip.
• Walk a fairway edge. Golf course lots are quiet most of the day and busy at tee times. See both.
• Drive to the beach. Time the trip across the lagoon to Thomas Drive and St. Andrews State Park at the hour you'd actually go.
• Look behind the old Meadows course. If a house backs to it, we'll pull the county zoning record before you write an offer.

By the end of the day you'll know whether you want a dock, a fairway or a condo near the marina, and that narrows the search fast.

Who Bay Point fits best

Bay Point tends to suit:

• Boaters who want a dock behind the house or a slip a few minutes away, with fast water access to the bay and the Gulf.
• Golfers who want to live on or near the only Nicklaus Design course in Northwest Florida.
• Full-time residents and second-home buyers who want a gate and a residential feel on the east end, away from the high-rise strip.

It's a weaker fit if you want:

• to walk to the Gulf beach from your door (Bay Point is on the bay and lagoon, not the Gulf)
• a brand-new house with no updates to think about
• a quiet view across open fairways where the Meadows used to be, without knowing what may be built there

Rental rules and who's in charge

Jurisdiction. Bay Point has a Panama City Beach mailing address, but it sits in unincorporated Bay County. The Meadows zoning vote, for example, was a Bay County Commission decision. Check the parcel on the Bay County Property Appraiser record before you count on any rental plan.

Bay County's short-term vacation rental rules. Bay County has a registration, reporting and fire-inspection ordinance for vacation rentals in unincorporated areas, Bay Point included. The owner names a responsible party whose phone number is posted at the property. See WJHG's report on the county rules. Which property types it covers, and the current fees, are set by the county, so a condo's paperwork can differ from a house's. I confirm it for the specific parcel before you write an offer.

State and taxes. Florida's vacation rental license comes from DBPR, and short stays carry Florida sales tax plus Bay County's tourist development tax. Since October 1, 2026, the Bay County Tax Collector collects that tax.

The association comes first. The Bay Point community association's covenants, and any condo association's rules, sit on top of county rules. They can set minimum stays or limit rentals. Get the recorded documents and current rules before you write an offer.

HOA, flood zone and insurance paperwork

• Community association: ask for the budget, the dues, what they cover (gate, common areas, roads), any capital contribution at closing and the estoppel fee. Condos add their own association and dues.
• Flood zone: look up the exact lot on the FEMA flood map guide and get the elevation certificate. Hurricane Michael hit this area hard in 2018, so ask what was repaired and how.
• Insurance: get wind and flood quotes during your inspection period. Waterfront homes in Bay Point can quote very differently depending on elevation and construction.
• Seawalls and docks: ask for permits and any engineering reports. These are expensive to replace.
• HOA costs in general: my post on HOA fees for Panama City Beach condos explains what to look for in a condo budget.

Buying in Bay Point

I pull every Bay Point sale from the MLS and split them by canal-front, golf and condo, because they price very differently. I'll help you read the dock, the seawall and the flood paperwork, and I'll make sure slip rights and association rules are in writing before your inspection period ends. For price context across the beach, read how much a home or condo costs in Panama City Beach and my November 2026 market snapshot.

Call or text me: 850-596-5844. If you own here now and plan to sell first, get a free home valuation so you know your number.

Selling in Bay Point

Bay Point buyers ask about the water before they ask about the kitchen. I price your home against Bay Point's own canal, golf or condo sales, and I put the facts boaters want up front: canal depth, run to open water, dock and lift specs, seawall age and flood information. Updates since Hurricane Michael matter too, so we'll list them clearly. Start with a free home valuation or call or text me at 850-596-5844.

Bay Point questions buyers ask

Is Bay Point a gated community?

Yes. Point South Marina describes itself as nestled in the gated community of Bay Point. Confirm current gate and access rules with the association.

Is Bay Point on the beach?

No. Bay Point is on Grand Lagoon and St. Andrews Bay. The Gulf beaches along Thomas Drive and St. Andrews State Park are a short drive.

Is the Bay Point golf course open?

The Nicklaus Course is open. The Meadows course has been closed since Hurricane Michael in October 2018, and in 2023 Bay County approved a land-use change that allows homes on some of the old course parcels.

How many boat slips does the Bay Point marina have?

Point South Marina at Bay Point lists 127 slips for boats from 30 to 120 feet. Slips are separate from home ownership, so confirm availability and terms with the marina.

Do Bay Point homes have private docks?

Many canal-front homes do. Check each property's dock, lift and seawall, and the permits behind them, before you buy.

Can I rent my Bay Point home short-term?

Only if the association documents allow it. Bay Point is in unincorporated Bay County, so the county's vacation rental registration and fire-inspection rules apply where they cover the property type, plus a state license and tourist tax registration.

Is Bay Point in Panama City Beach city limits?

Bay Point has a Panama City Beach mailing address and ZIP 32408, but it's in unincorporated Bay County. Confirm on the parcel's Property Appraiser record.

Are there condos in Bay Point?

Yes. Condos and villas sit closer to the marina and the resort, including Reflections at Bay Point. Each has its own condo association and rules on top of the community association.

Can I launch my own boat at Point South Marina?

The marina lists its boat launch as exclusively for marina tenants. Ask the marina about current tenant and transient options.

What do Bay Point homes cost?

On Nov 13, 2026, the MLS showed 34 Bay Point single-family homes for sale, from $439,000 to $3,150,000. Check my Bay Point search link for today's prices.

Where these facts come from

Checked November 13, 2026: Bay Point Golf Club, The Nicklaus Course (par, yardage, Devlin 1986, Nicklaus 2005, fifth hole) and club home page (1,100-acre preserve); Point South Marina at Bay Point (127 slips, 30 to 120 feet, 2022 reopening, tenant-only launch) and marina home page (gated community, coordinates); Club + Resort Business, April 2021 sale to BP Linx (both courses, Bar 72, Meadows closed since October 2018); WJHG, August 2023 land-use change (residential parcels, about 34 acres of C1) and May 2023 hearing ("first step in what will be a lengthy process"); Visit Panama City Beach, Bay Point Golf Club (Sheraton resort); WJHG, new rules for Bay County short-term rentals; Bay County Tax Collector, tourist development tax; Bay County MLS active and pending listings, November 13, 2026, from my MLS pull.