200 S Cove Terrace Drive, Panama City, FL 32401

$515,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,625 Lot Size (sq. ft.): 13,068 Status: Sold
Current Price: $515,000 List Date: 3/16/2026 Last Modified: 5/11/2026

Overview

Description

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS – Welcome to 200 S Cove Terrace, located in the highly sought-after Cove neighborhood of Panama City. Known for its charm, golf-cart-friendly streets, and close-knit community feel, The Cove offers an unbeatable location just minutes from the bay, downtown Panama City, local dining, parks, and marinas. Positioned on a desirable corner lot, this property combines convenience with the character that makes this neighborhood so special. *Solar Panels Paid off at Closing* Inside, the home features a comfortable living space anchored by a cozy wood-burning fireplace. The kitchen was refreshed in 2024 with updated appliances, cabinets, and countertops, offering a modern touch while maintaining the home's inviting feel. Step outside to enjoy the saltwater pool, perfect for relaxing or entertaining. Major pool updates include a pool pump replaced in 2019 and a brand-new pool liner installed in 2026. Additional improvements pr

Listing Details MLS# 786856

Contract Info

List Price/SqFt
198.1

Location

Area
02 – Bay County – Central
Street #
200
Street Direction
S
Street Name
Cove Terrace
Street Suffix
Drive
State
FL
Zip Code
32401
County
Bay
Sub Area
0203 – Bay – Central SW
Subdivision
Cove Terrace
Community/Resort
Bunkers Cove
Waterfront
No
Parcel ID
21651-000-000
Elementary School
Cherry Street
Middle School
Jinks
High School
Bay
Directions
Traveling east on Hathaway Bridge – turn right onto Frankford Ave. Merge left onto Beach Dr. Turn left onto W 6th St. Turn right onto Cove Blvd. Turn left onto Cherry St. Turn right onto N Cove Blvd, home will be on the left.
Legal Description
COVE TERRACE LOT 1 BLK 84 ORB 3468 P 1109

General Property Info

Sub-Type
Detached Single Family
Design
Traditional
Apx SqFt(Htd/Cooled)
2625
SqFt Source
Prop App Site
Full Baths
2
Half Baths
Yes
Total Baths
3
Year Built
1949
Construction Status
Construction Complete
New Construction
No
Garage Y/N
Yes
Garage Spaces
2
Lot Dimensions
Irregular
Acreage
0.3
Lot Size (SqFt)
13068
Pool
Yes
Pool Type
Private

Status Change Info

Under Contract Date
2026-03-25
Sold Date
2026-05-08
Sold Price/SqFt
196.19
Sold Price/Acre
1716666.67

Listing Info, Tax and Legal

HOA Fee
No
New Buyer Fee
No
Last Taxes
4540
Last Tax Year
2025
Brokerage Interest
No Interest

Remarks & Misc

Remarks
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS – Welcome to 200 S Cove Terrace, located in the highly sought-after Cove neighborhood of Panama City. Known for its charm, golf-cart-friendly streets, and close-knit community feel, The Cove offers an unbeatable location just minutes from the bay, downtown Panama City, local dining, parks, and marinas. Positioned on a desirable corner lot, this property combines convenience with the character that makes this neighborhood so special. *Solar Panels Paid off at Closing* Inside, the home features a comfortable living space anchored by a cozy wood-burning fireplace. The kitchen was refreshed in 2024 with updated appliances, cabinets, and countertops, offering a modern touch while maintaining the home's inviting feel. Step outside to enjoy the saltwater pool, perfect for relaxing or entertaining. Major pool updates include a pool pump replaced in 2019 and a brand-new pool liner installed in 2026. Additional improvements provide peace of mind, including AC replaced in 2019, water heater in 2021, gutters installed in 2020, and exterior painting completed in 2020. With its prime Cove location, corner lot setting, valuable updates, and easy access to both the bay and downtown Panama City, this property offers a great opportunity to enjoy one of the area's most beloved neighborhoods.

More Information

Pool Features

Inground
Yes
Saltwater
Yes

Appliances

Dishwasher
Yes
Microwave
Yes
Range – Electric
Yes
Refrigerator
Yes
Wine Cooler
Yes

Interior Features

Breakfast Bar
Yes
Fireplace
Yes
Floor – Hardwood
Yes
Floor – Laminate
Yes
Kitchen Island
Yes
Wet Bar
Yes

Construction/Siding

Brick
Yes
Roof – Dimensional Shg
Yes
Roof – Solar Panel
Yes

Exterior

Balcony
Yes
Fenced Privacy
Yes
Patio Open
Yes
Porch Covered
Yes

Other Structures

Shed(s)
Yes

Furnished

Unfurnished
Yes

Lot Features

Corner Lot
Yes
Within 1/2 Mile to Water
Yes

Lot Access

City Street
Yes
Paved Road
Yes

Parking Features

Driveway
Yes
Garage Attached
Yes

Mstr Bath / Mstr Bdrm

MBed Balcony
Yes

Present Zoning

Resid Single Family
Yes

Rooms

Bedroom
Yes
Master Bedroom
Yes

Showing

ShowingTime
Yes

Utilities

Cable – Available
Yes
Electricity – Connected
Yes
Public Sewer – Connected
Yes
Public Water – Connected
Yes
Solar
Yes

Sale Type

As Is
Yes

Master Bedroom

Second
Yes

Bedroom

First
Yes

Cooling

Central Air
Yes
Electric
Yes

Heating

Central
Yes
Electric
Yes
Fireplace – Wood Burning
Yes

Property Features

Appliances: Dishwasher; Microwave; Range – Electric; Refrigerator; Wine Cooler Master Bedroom: Second Bedroom: First Cooling: Central Air; Electric Heating: Central; Electric; Fireplace – Wood Burning Exterior: Balcony; Fenced Privacy; Patio Open; Porch Covered Furnished: Unfurnished Lot Features: Corner Lot; Within 1/2 Mile to Water Lot Access: City Street; Paved Road Pool Features: Inground; Saltwater Parking Features: Driveway; Garage Attached Other Structures: Shed(s) Rooms: Bedroom; Master Bedroom Sale Type: As Is Showing: ShowingTime Utilities: Cable – Available; Electricity – Connected; Public Sewer – Connected; Public Water – Connected; Solar Present Zoning: Resid Single Family

Room Information

Room Name Level Dimensions Length Width
Master Bedroom Second 23 x 14 23.00 14.00
Bedroom First 12 x 10 12.00 10.00
Bedroom First 12 x 10 12.00 10.00
Bedroom First 13 x 11 13.00 11.00
Listing Office: Think Real Estate
Last Updated: May – 11 – 2026
Information deemed reliable but not guaranteed.