$999,000
Panama City, FL 32401
MLS# 784222
5 beds | 5 baths | 4419 sqft

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Property Description
Discover an exceptional opportunity to own a large waterfront estate on over 1.1 acres, just a short distance from the sugar-white sands and emerald waters of the Gulf of America. Offering 4,419 square feet, this expansive 5-bedroom, 5-bath ranch-style home sits on a rare oversized waterfront lot—providing the space, privacy, and potential that are increasingly hard to find along the coast. The home features a circular driveway, generous living areas, and a spacious deck overlooking the water, creating an ideal foundation for a stunning waterfront retreat or custom renovation. While the property does require updating and renovation, it presents a remarkable value-add opportunity for buyers looking to personalize a large coastal residence or create a one-of-a-kind luxury estate. With its prime waterfront setting, massive lot size, and proximity to the Gulf, this property is perfectly positioned for full-time living, a second home, or an investment project. Priced under $1 million, this is a rare chance to acquire a large waterfront home and over an acre of coastal land at an outstanding price point. Bring your vision and unlock the potential of this unique waterfront offering.
Details
Maps
Listing Info, Tax and Legal
Homestead: No
HOA Fee: No
New Buyer Fee: No
Last Taxes: 8644
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Contract Info
List Price/SqFt: 226.07
Status: Active
List Date: 2026-01-26
List Price: $999,000
Current Price: $999,000
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Take 98 East then right onto Frankford Ave, then follow US Bus 98 East to Sherman Ave- Follow Sherman Ave, E 3rd St and N Center Ave to your destination
Area: 02 - Bay County - Central
Street #: 2402
Street Direction: E
Street Name: 2nd
Street Suffix: Court
State: FL
Zip Code: 32401
County: Bay
Subdivision: Holmes Add- Millville
Parcel ID: 22939-000-000
Legal Description: HOLMES ADD LOTS 2,3,5 & 6 LESS E 29' OF LOT 6 BLK 17 ORB 1924 P 1249 ORB 2227 P 1086 ORB 2691 P 1740 ORB 2824 P 2338
General Property Info
Acreage: 1.18
Design: Ranch
Lot Size (SqFt): 51401
Apx SqFt(Htd/Cooled): 4419
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 220 X 198
New Construction: No
Garage Y/N: Yes
Garage Spaces: 3
Pool: No
Sub-Type: Detached Single Family
Bedrooms: 5
Full Baths: 5
Total Baths: 5
Year Built: 1961
Remarks & Misc
Remarks: Discover an exceptional opportunity to own a large waterfront estate on over 1.1 acres, just a short distance from the sugar-white sands and emerald waters of the Gulf of America. Offering 4,419 square feet, this expansive 5-bedroom, 5-bath ranch-style home sits on a rare oversized waterfront lot—providing the space, privacy, and potential that are increasingly hard to find along the coast.
The home features a circular driveway, generous living areas, and a spacious deck overlooking the water, creating an ideal foundation for a stunning waterfront retreat or custom renovation. While the property does require updating and renovation, it presents a remarkable value-add opportunity for buyers looking to personalize a large coastal residence or create a one-of-a-kind luxury estate.
With its prime waterfront setting, massive lot size, and proximity to the Gulf, this property is perfectly positioned for full-time living, a second home, or an investment project. Priced under $1 million, this is a rare chance to acquire a large waterfront home and over an acre of coastal land at an outstanding price point.
Bring your vision and unlock the potential of this unique waterfront offering.
Covered Porch
First: 1
Exterior
Deck Open: 1
Waterfront Feature
Dock: 1
Financing
Cash: 1
Conventional: 1
Furnished
Unfurnished: 1
Kitchen
First: 1
Living Room
First: 1
Lot Features
Waterfront: 1
Lot Access
City Street: 1
Parking Features
Circular Driveway: 1
Garage Attached: 1
Present Zoning
Resid Single Family: 1
Rooms
Bedroom: 1
Covered Porch: 1
Kitchen: 1
Living Room: 1
Utilities
Cable - Available: 1
Electricity - Availabile: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Waterfront Type
Gulf: 1
Bedroom
First: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Fireplace(s): 1
Property Features
Bedroom: First
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric; Fireplace(s)
Exterior: Deck Open
Financing: Cash; Conventional
Furnished: Unfurnished
Kitchen: First
Living Room: First
Lot Features: Waterfront
Lot Access: City Street
Covered Porch: First
Parking Features: Circular Driveway; Garage Attached
Rooms: Bedroom; Covered Porch; Kitchen; Living Room
Sale Type: As Is
Utilities: Cable - Available; Electricity - Availabile; Public Sewer - Connected; Public Water - Connected
Waterfront Type: Gulf
Waterfront Feature: Dock
Waterview: Gulf
Present Zoning: Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Covered Porch | First | 10 x 33 | 10.00 | 33.00 | 10 x 33 |
| Kitchen | First | 34 x 23 | 34.00 | 23.00 | 34 x 23 |
| Living Room | First | 33 x 26 | 33.00 | 26.00 | 33 x 26 |
| Bedroom | First | 12 x 16 | 12.00 | 16.00 | 12 x 16 |
| Bedroom | First | 10 x 12 | 10.00 | 12.00 | 10 x 12 |
Listing Office: Christies International Real Estate Emerald Coast
Last Updated: January - 27 - 2026
Information deemed reliable but not guaranteed.
