$1,395,000
Panama City Beach, FL 32408
MLS# 772988
4 beds | 5 baths | 3983 sqft

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Property Description
Experience the pinnacle of waterfront luxury in this extraordinary penthouse condo, boasting nearly 4,000 square feet of elevated living space with breathtaking panoramic views of St. Andrews Bay. Tucked within the exclusive gated enclave of Waterhaven on the east end of Panama City Beach, this residence redefines coastal elegance with a private 15x35' boat slip equipped with water, electric, and a 10,000 lb lift—perfect for the avid boater seeking seamless access to the Gulf. Thoughtfully designed for refined entertaining, the open floor plan features a chef's dream kitchen complete with a Sub-Zero refrigerator, professional-grade Viking six-burner gas stove with double oven, prep kitchen, serving bar, and an expansive granite island—all flowing effortlessly into the dining and living spaces with rich hardwood floors and uninterrupted bayfront views. From sunrise coffees on your private master balcony to sunset soirees on the spacious wraparound decks, every moment here is curated for luxury and leisure. The grand foyer impresses with a winding staircase and elevator, leading to a bonus en suite ideal for multi-generational living or a private guest retreat. Soaring ceilings, custom crown molding, tongue-and-groove accents, Hardy board details, and new skylights bathe the interior in natural light. Recent high-end upgrades include oak floors, paint, ceilings, a tankless water heater, and three new HVAC systems (2020). Residents enjoy access to resort-style amenities: a bayfront pool, outdoor kitchen, clubhouse with theater, fitness center, event space, and an extended dock perfect for fishing or relaxing. This is a rare opportunity to own a true hidden gem in one of Panama City Beach's most treasured communities offering the lifestyle you deserve, with the views to match.
Details
Maps
Contract Info
Status: Active
List Date: 2025-05-04
List Price: $1,395,000
List Price/SqFt: 350.24
Current Price: $1,395,000
Location
Area: 03 - Bay County - Beach
Street #: 4113
Street Name: Cobalt
Street Suffix: Circle
Unit #: PO75
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 - Beach - East
Subdivision: Waterhaven
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 40000-050-053
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Heading West over Hathaway Bridge, Turn South (Left) on Thomas Dr. (approx 2.1 mi) Turn Left onto Magnolia Beach Rd., (approx 1.1 mi) Road will start to curve-- turning road name to Delwood Beach Rd., and just after that curve, take a Left to get back on Magnolia Beach Rd. (Keep Right). (,6 mi) Turn Left onto Mystic Lane, Turn Left onto Cobalt Cir, & Bldg is on your Left--Penthouse on 3rd floor.
Legal Description: WATERHAVEN UNIT P075 TYPE F1 3BR 4.5B ORB 2904 P 186 W/LOFT 3216 SF ORB 4342 P 2201 **PENTHOUSE*
General Property Info
Sub-Type: Attached Single Unit
Design: Southern
Apx SqFt(Htd/Cooled): 3983
SqFt Source: Owner Measured
Bedrooms: 4
Full Baths: 4
Half Baths: 1
Total Baths: 5
Year Built: 2007
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community
Property Features
Appliances: Bar Fridge; Cooktop - Gas; Dishwasher; Disposal; Dryer; Freezer; Ice Maker; Microwave; Oven - Double; Oven - Gas; Refrigerator; Washer; Wine Refrigerator
Master Bedroom: First
Heating: Electric
Exterior: Balcony; Fenced Lot-Part; Patio Covered; Storm Windows
Association Fees Include: Accounting; TV Cable; Community Room; Dock; Dumpster; Exercise Room; Gated Community; Insurance; Ground Keeping; Management; Pest Control; Pool; Recreational Faclty; Security; Sewer; Theater; Trash Disposal; Water
Financing: Cash; Conventional; VA
Furnished: Unfurnished
Interior: Bonus Room
Kitchen: First
Living Room: First
Lot Features: Close to Clubhouse; Landscaped; Subdivision - Recorded; Waterfront
Lot Access: County Road; Gated Access; Paved Road
Dining Room: First
Pool Features: Fenced; Inground
Security Features: Fire Alarm; Fire Sprinkler System; Gated Community; Security Fence; Security Lights; Smoke Detector(s)
Parking Features: Gated; Paved
Association Amenities: Boardwalk; Community Room; Dock; Fishing; Exercise Room; Game Room; Gated Community; Picnic Area; Pool; Recreation Facilities
Rooms: Dining Room; Kitchen; Living Room; Master Bedroom
Sale Type: As Is
Utilities: Natural Gas - Connected; Other - See Remarks
Waterfront Type: Bay/Harbor
Waterfront Feature: Boat Slip; Dock
Waterview: Bay; Unobstructed
Present Zoning: Resid Single Family
Room Information
Room Name | Level | Dimensions | Length | Width | Dimensions | Remarks |
Master Bedroom | First | 41.6 x 15.5 | 41.60 | 15.50 | 41.6 x 15.5 | Length runs parallel to water front views |
Kitchen | First | 15 x 14 | 15.00 | 14.00 | 15 x 14 | |
Living Room | First | 28 x 19 | 28.00 | 19.00 | 28 x 19 | Can be combined with formal space to double in size |
Dining Room | First | 14 x 12 | 14.00 | 12.00 | 14 x 12 |
Listing Office: Gillman Group Realty
Last Updated: May - 05 - 2025
Information deemed reliable but not guaranteed.