$580,000
Panama City, FL 32401
MLS# 772324
3 beds | 4 baths | 2764 sqft

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Property Description
Waterfront Living in the Heart of Panama City Welcome to 246 E 3rd Place, where waterfront living meets timeless elegance. Perfectly positioned in the historic Cove neighborhood and just minutes from vibrant downtown Panama City, this stunning 3-story townhome offers the ultimate blend of comfort, convenience, and coastal charm. With 3 spacious bedrooms, 3.5 bathrooms, and a 2-car garage, this home boasts breathtaking views of Massalina Bayou and direct Gulf access via your deeded deep-water boat slip—14x40 feet, wide and deep enough to accommodate both sailboats and larger dream vessels. Step inside to find a thoughtfully designed layout that maximizes both space and privacy. A power chair lift provides easy access to the main level. The first floor features a generous bedroom with a full bath and access to a large private deck overlooking the water—perfect for guests or a serene office space. The second floor is the heart of the home, where soaring 9-foot ceilings, Brazilian hardwood floors, and abundant natural light create a warm and welcoming atmosphere. The open-concept living and dining areas flow into a well-appointed kitchen featuring emerald black granite countertops, custom cabinetry, and an oversized pantry. On the third floor, the luxurious primary suite offers a peaceful retreat with its own private balcony and panoramic views of the harbor. There's even space for a home office or workout area. The ensuite bathroom features double vanities, a jetted soaking tub, a walk-in shower, and a spacious walk-in closet. An additional bedroom on this level comes with its own full bathroom and could easily serve as a second primary suite. Built with quality in mind, this home includes a 6-year-old roof, brand-new water heater, fresh interior paint, hurricane shutters, a fire sprinkler system, and 2x6 exterior framing. It's also prepped for an elevator, making it future-ready. Whether you're an avid boater, seeking a low-maintenance waterfront escape, or looking to enjoy the lifestyle and charm of downtown living—this home has it all. Don't miss your chance to live where every day feels like a vacation. Schedule your private tour today.
Details
Maps
Contract Info
Status: Active
List Date: 2025-04-22
List Price: $580,000
List Price/SqFt: 209.84
Current Price: $580,000
Location
Area: 02 - Bay County - Central
Street #: 246
Street Direction: E
Street Name: 3rd
Street Suffix: Place
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 - Bay - Central SW
Subdivision: Massalina Bayou Townhouses
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 20169-070-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From down town panama city on Harrison and 4th go south on Harrison then east on w Beach drive. cross the bridge into the cove and turn left on e 2nd court then left on Wilson, at the end of the road go left and look for the listing Sign.
Legal Description: DAVIS PLAT COM AT NE COR BLK B ON E SIDE OF MASSALINA BAYOU S 120 TO SE COR BLK B & N R/W 3RD PL W 58.24' FOR POB TH CONT W 22.05 N 91.10' E 5.69' S 8' E 16.35' S 83.10' TO POB ORB 4703 P 1626
General Property Info
Sub-Type: Attached Single Unit
Design: Contemporary
Apx SqFt(Htd/Cooled): 2764
SqFt Source: Prop App Site
Bedrooms: 3
Full Baths: 3
Half Baths: 1
Total Baths: 4
# of Stories in Building: 3
Year Built: 2003
Immediate Occupancy: Yes
Pre-Const Flip: No
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Driveway Spaces: 2
Lot Dimensions: 90x22
Pool: No
Property Features
Accessibility Features: Accessible Bedroom; Accessible Central Living Area; Accessible Stairway; Adaptable For Elevator
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range - Electric; Washer
Master Bedroom: Third
Bedroom: First; Third
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric
Exterior: Deck Covered; Deck Open; Double Pane Windows; Hurricane Shutters; Shower; Porch Covered; Porch Open; Storm Doors; Storm Windows
Association Fees Include: Accounting; Irrigation; Legal; Ground Keeping; Management; Termite Bond; Trash Disposal; Other - See Remarks
Financing: Cash; Conventional; FHA; VA
Furnished: Negotiable
Kitchen: Second
Living Room: Second
Lot Features: Near Beach Access; Near Public Boat Ramp; Water Rights; Waterfront; Within 1/2 Mile to Water; Other - See Remarks
Lot Access: Paved Road; Private Road
Dining Room: Second
Garage: First
Security Features: Fire Sprinkler System; Smoke Detector(s)
Parking Features: Boat; Driveway; Garage Attached
Other Structures: RV/Boat Storage
Association Amenities: Boat Slip; Dock; Dumpster; Fishing; Waterfront
Rooms: Bedroom; Deck/Patio; Dining Room; Garage; Kitchen; Living Room; Master Bedroom
Showing: Security System; ShowingTime
Utilities: Electricity - Connected; Public Sewer - Connected; Public Water - Available
Waterfront Type: Bayou w/ Gulf Access
Waterfront Feature: Boat Slip; Bulkhead/Seawall; Dock; Bulkhead/Seawall
Waterview: Bayou
Present Zoning: Resid Single Family
Room Information
Room Name | Level | Dimensions | Length | Width | Dimensions |
Living Room | Second | 22 x 17 | 22.00 | 17.00 | 22 x 17 |
Kitchen | Second | 17 x 14 | 17.00 | 14.00 | 17 x 14 |
Dining Room | Second | 17 x 10 | 17.00 | 10.00 | 17 x 10 |
Master Bedroom | Third | 20 x 17 | 20.00 | 17.00 | 20 x 17 |
Bedroom | Third | 14 x 13 | 14.00 | 13.00 | 14 x 13 |
Bedroom | First | 13 x 16 | 13.00 | 16.00 | 13 x 16 |
Garage | First | 19 x 19 | 19.00 | 19.00 | 19 x 19 |
Deck/Patio | First | 23 x 10 | 23.00 | 10.00 | 23 x 10 |
Deck/Patio | Second | 22 x 10 | 22.00 | 10.00 | 22 x 10 |
Deck/Patio | Third | 22 x 10 | 22.00 | 10.00 | 22 x 10 |
Listing Office: Anchor Realty Florida
Last Updated: September - 29 - 2025
Information deemed reliable but not guaranteed.