Waterfront
Address
518 Bunkers Cove Road, Panama City, FL
Price
$ 2,850,000
Property Attributes
- MLS#1011673
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City
- AreaBay County
- NeighborhoodSUDDUTHS 6TH ADDN
- Zip32401
- StyleMediterranean
- Year Built1940
- Taxes$ 7498
- Price$ 2,850,000
- Bedrooms3
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage4000
- Lot Size1.22 Acres
Data Source:
Emerald Coast MLS (ECAR)
Property Description
Experience timeless elegance and waterfront serenity in this extraordinary Mediterranean-inspired estate, perfectly positioned on a sprawling bayfront lot. From the moment you arrive, the home's graceful arches, warm architectural details, and inviting courtyard create an unforgettable first impression, setting the stage for a lifestyle defined by beauty, comfort, and coastal charm. Inside, the residence unfolds with refined sophistication. A spacious living room anchored by a stunning fireplace opens to breathtaking bay views, creating the perfect setting for both relaxed evenings and elegant entertaining. The formal dining room showcases exquisite custom plaster-finished walls, offering a rich and artistic backdrop for memorable gatherings. At the heart of the home, the chef's kitchen is as functional as it is beautiful, featuring a striking brick accent wall, double ovens, a gas range, and an oversized island with a butcher block top. Sunlit and inviting, the eat-in kitchen overlooks both the tranquil koi pond and the sparkling bay beyond, seamlessly blending indoor and outdoor living. Just off the kitchen, a cozy sitting room with its own fireplace provides the perfect retreat for quiet mornings or intimate conversations. The thoughtfully designed split floor plan offers privacy and comfort, highlighted by a luxurious master suite that includes a rare original 1940 greenhouse feature, adding a touch of history and charm. The spa-like master bathroom invites relaxation with a large soaking tub, separate shower, and an expansive walk-in closet. Three additional bedrooms, each with their own full bathrooms, ensure comfort for family and guests alike, with one guest suite featuring its own fireplace for added warmth and character. A gallery-style hallway runs through the home, offering the perfect space to display art and personal collections. Outdoors, the property transforms into a true private oasis. Multiple water features, including a beautifully stocked koi pond, create a peaceful, resort-like atmosphere. The custom covered patio and pergola with an outdoor fireplace and built-in grilling area make entertaining effortless, while the expansive lawn stretches to the water's edge, complete with a seawall and direct bay access. Adding a sense of fun and uniqueness, the grounds also feature a zip line and a custom playhouse, making this estate as playful as it is luxurious. Blending classic Mediterranean architecture with modern comforts and unparalleled waterfront living, this one-of-a-kind property offers a lifestyle that is both elegant and unforgettable. Whether enjoying quiet sunsets over the bay or hosting gatherings under the stars, this home is a rare opportunity to own a true coastal masterpiece.
| Elementary School | Middle School | High School |
|---|---|---|
| Cherry Street Elementary School | Jinks Middle School | Bay High School |
| Price History | |
|---|---|
| 9/10/2026 | Listed $2,850,000 |
General Features
| Utilities | Gas - Natural,Public Water,TV Cable |
|---|---|
| Zoning | Resid Single Family |
| Property Subtype | Detached Single Family |
| County | Bay |
| Property Type | Residential |
| Subdivision Name | SUDDUTHS 6TH ADDN |
| Status | Active |
| Buyer Financing | Other |
| Directions | South on Hwy 77 from 23rd st, follow Hwy 77 until you reach Bunkers Cove Rd and turn left. Home on the right |
| High School | Bay |
| City | Panama City |
| MLS Area | 27 - Bay County |
| Lot Size Units | Acres |
| Lot Size Square Feet | 53143.2 |
| Elementary School | Cherry Street |
| Middle/Junior High School | Jinks |
| MLS Area Minor | 2703 - Bay - Central SW |
| Standard Status | Active |
| Sewer | Public Sewer |
| View | Bay |
| Waterfront Features | Bay |
| Heating | Central |
| Patio/Porch Features | Patio Covered |
| Architectural Style | Mediterranean |
| Construction Materials | Stucco |
| Year Built | 1940 |
| Stories Count | 1 |
| Tax Year | 2025 |
| New Construction | false |
| Total Rooms | 8 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
| Other Structures | Boathouse |
Interior Features
| Total Baths | 5 |
|---|---|
| Interior Amenities | Atrium,Breakfast Bar,Ceiling Crwn Molding,Fireplace,Kitchen Island,Pantry,Wet Bar |
| Heating Y/N | true |
| Window Features | Window Bay |
Exterior Features
| Lot Features | Bulkhead/Seawall,Flood Insurance Req,Survey Available,Within 1/2 Mile to Water |
|---|---|
| Lot Size Area | 1.22 |
| Lot Dimensions | 134x269 |
| Lot Size Acres | 1.22 |
| Road Surface Type | Paved |
| Waterfront Y/N | true |
| Exterior Amenities | Boatlift,Sprinkler System |
| Foundation Details | Slab |
| Building Area Total | 4000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32401
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
