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$2,850,000

3 Beds 4 / 1 Full / Half Baths 4,000 SQFT 1.22 Acres
Type: Single Family

518 Bunkers Cove Road
Panama City, FL 32401

MLS#: 1011673
Brian Pugh
Brian Pugh
Brett/Robinson | Florida Real Estate
Broker for Florida Office
Phone: 251.236.8811
Office: 251.236.8811
Presented by: Century 21 Commander Realty Inc

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.


 

Interior Features

Bathrooms

Total Baths5

Other Interior Features

Heating Y/NYes
Interior AmenitiesAtrium, Breakfast Bar, Ceiling Crwn Molding, Fireplace, Kitchen Island, Pantry, Wet Bar
Window FeaturesWindow Bay

General

Architectural StyleMediterranean
Buyer FinancingOther
Carport Y/NNo
CityPanama City
Construction MaterialsStucco
CountyBay
DirectionsSouth on Hwy 77 from 23rd st, follow Hwy 77 until you reach Bunkers Cove Rd and turn left. Home on the right
Elementary SchoolCherry Street
HeatingCentral
High SchoolBay
Lot Size Square Feet53,143 sqft
Lot Size UnitsAcres
MLS Area27 - Bay County
MLS Area Minor2703 - Bay - Central SW
Middle/Junior High SchoolJinks
New ConstructionNo
Other StructuresBoathouse
Patio/Porch FeaturesPatio Covered
Property ConditionConstruction Complete
Property SubtypeDetached Single Family
Property TypeResidential
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameSUDDUTHS 6TH ADDN
Tax Year2025
Total Rooms8
UtilitiesGas - Natural, Public Water, TV Cable
ViewBay
Waterfront FeaturesBay
Year Built1940
ZoningResid Single Family

Exterior

Building Area Total4,000 sqft
Exterior AmenitiesBoatlift, Sprinkler System
Foundation DetailsSlab
Lot Dimensions134x269
Lot FeaturesBulkhead/Seawall, Flood Insurance Req, Survey Available, Within 1/2 Mile to Water
Lot Size Acres1.22
Lot Size Area1 sqft
Road Surface TypePaved
Total Parking0
Waterfront Y/NYes

Additional Details

Price History

Schools 

Middle School Jinks Middle School
Elementary School Cherry Street Elementary School
High School Bay High School

  

Similar Properties

$2,850,000

3 Beds 4 / 1 Full / Half Baths 4,000 SQFT 1.22 Acres
Type: Single Family

518 Bunkers Cove Road
Panama City, FL 32401

MLS#: 1011673
Brian Pugh
Brian Pugh
Brett/Robinson | Florida Real Estate
Broker for Florida Office
Phone: 251.236.8811
Office: 251.236.8811