If you've been searching for the perfect canvas to build your Florida escape, look no further. This 1.20-acre lot on Mulberry Drive sits at a comfortable 270-foot elevation in the sought-after Compass Lake Hills Subdivision, one of the Florida Panhandle's most treasured lakeside communities. Level terrain, no flood risk, and a nearly perfect rectangular footprint (177' x 296') make this one of the most buildable lots you'll find at this price point. Zoned for residential use with a 1,000 sq ft minimum build, the lot accommodates a custom home, manufactured home, or mobile home, giving you the freedom to build on your terms. With power already in the area and only a well and septic needed, you're well on your way to turning raw land into a personal retreat. Camping is also allowed, so you can enjoy the property right away while your plans take shape. Compass Lake Hills is more than just a neighborhood; it's a lifestyle. Your voluntary POA membership ($135/year) unlocks access to a resort-worthy collection of amenities: a sparkling pool, clubhouse, tennis courts, boat ramps, disc golf, kayak and paddleboard rentals, picnic pavilions, and community events throughout the year. Horses and pets are welcome, making this an ideal setup for families and animal lovers alike. Marianna, Jackson County's charming county seat with local dining, shopping, and services, is about 17 miles out, while Panama City's world-famous Gulf beaches are under 45 minutes away. At just $16,500 cash or $355/month with no credit check, this is an extraordinary opportunity to own a piece of Florida for less than you'd expect.