227 S Cove Terrace Drive, Panama City, FL 32401 (MLS# 771520)

227 S Cove Terrace Drive, Panama City, FL 32401

$1,350,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,450 Lot Size (sq. ft.): 14,201 Status: Sold

Current Price: $1,350,000 List Date: 7/09/2025 Last Modified: 8/12/2025

Overview

Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS……….Welcome to your dream waterfront retreat! This stunning 3,450 sq. ft. home offers 4 bedrooms, 4 bathrooms, and breathtaking views of the bay from every angle. Nestled in The Cove, enjoy a waterfront park, two pocket parks, ball field and a multi-use path. Not to mention walk, bike, or golf cart to Downtown! Step inside to find a brand-new remodeled kitchen with high-end finishes, perfect for the home chef. The expansive family room features a stone fireplace, creating a warm and inviting atmosphere. Working from home is effortless with a dedicated office space that offers tranquility and inspiration. Outdoor living is unmatched with over 2,000 sq. ft. of backyard decking, a pool, and a luxurious 8-seater hot tub, making it the perfect space for entertaining. Relax on your private front porch or take advantage of the double boat dock with a platform deck, boat lift, and direct access to the bay for endless days … (Read more)

Listing Details MLS# 771520

Contract Info

List Price/SqFt: 427.54

Location

Area: 02 – Bay County – Central
Street #: 227
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: Yes
Gulf Access: Yes
Parcel ID: 21639-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: South on Cove Blvd to Cherry St. Turn Left on Cherry to Cove Terrace. Turn right and follow down to 227.
Legal Description: COVE TERRACE LOT 19 BLK 82 ORB 3615 P 2086

General Property Info

Sub-Type: Detached Single Family
Design: Traditional
Apx SqFt(Htd/Cooled): 3450
SqFt Source: Owner Measured
Full Baths: 4
Total Baths: 4
# of Stories in Building: 2
Year Built: 1950
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Driveway Spaces: 2
Lot Dimensions: 90 x 158
Acreage: 0.33
Lot Size (SqFt): 14201
Pool: Yes
Pool Type: Private

Status Change Info

Under Contract Date: 2025-07-24
Sold Date: 2025-08-11
Sold Price/SqFt: 391.3
Sold Price/Acre: 4090909.09

Waterfront Feature

Waterfront Feet: 90
Boat Slip: Yes
Boatlift: Yes
Dock: Yes
Bulkhead/Seawall: Yes

Listing Info, Tax and Legal

Homestead: Yes
HOA Fee: No
New Buyer Fee: No
Last Taxes: 5076
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: Yes

More Information

Remarks & Misc

Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS……….Welcome to your dream waterfront retreat! This stunning 3,450 sq. ft. home offers 4 bedrooms, 4 bathrooms, and breathtaking views of the bay from every angle. Nestled in The Cove, enjoy a waterfront park, two pocket parks, ball field and a multi-use path. Not to mention walk, bike, or golf cart to Downtown! Step inside to find a brand-new remodeled kitchen with high-end finishes, perfect for the home chef. The expansive family room features a stone fireplace, creating a warm and inviting atmosphere. Working from home is effortless with a dedicated office space that offers tranquility and inspiration. Outdoor living is unmatched with over 2,000 sq. ft. of backyard decking, a pool, and a luxurious 8-seater hot tub, making it the perfect space for entertaining. Relax on your private front porch or take advantage of the double boat dock with a platform deck, boat lift, and direct access to the bay for endless days on the water. Only 15 minutes to Shell Island. This home is also equipped with a full-house generator, ensuring comfort and security year-round. Whether you're looking for a serene escape or the ultimate entertainment destination, this property delivers it all. Don't miss the opportunity to own this incredible waterfront home – schedule your private tour today!

Dining Room

First: Yes

Foyer

First: Yes

Laundry

Basement: Yes

Master Bathroom

First: Yes

Office

First: Yes

Pool Features

Heated – Gas: Yes
Inground: Yes
Pool/Spa Combo: Yes

Appliances

Cooktop – Gas: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Ice Maker: Yes
Oven – Electric: Yes
Range Hood: Yes
Refrigerator: Yes
Washer: Yes
Washer/Dryer Stacked: Yes
Water Heater – Gas: Yes
Water Heater – Tankless: Yes

Interior Features

Ceiling – Raised: Yes
Fireplace: Yes
Floor – Tile: Yes
Floor – Vinyl Plank: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes
Split Bedroom: Yes
Stairs: Yes

Construction/Siding

Block: Yes
Brick: Yes
Foundation – Off Grade: Yes
Foundation – Slab on Grade: Yes
Roof – Dimensional Shg: Yes
Siding – Wood: Yes
Trim – Wood: Yes

Exterior

Deck Open: Yes
Fenced Back Yard: Yes
Fenced Lot-All: Yes
Sprinkler System: Yes

Other Structures

Boat House: Yes

Financing

Cash: Yes
Conventional: Yes
VA: Yes

Furnished

Unfurnished: Yes

Interior

Bunk Room: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Landscaped: Yes
Subdivision – Recorded: Yes
Sidewalk: Yes
Waterfront: Yes

Lot Access

City Street: Yes
Paved Road: Yes

Parking Features

Carport Attached: Yes
Driveway: Yes
Garage Attached: Yes

Mstr Bath / Mstr Bdrm

MBath Double Vanity: Yes
MBath Walk-In Closet: Yes
MBed First Floor: Yes
MBed Waterfront: Yes
MBath Shower/Tub Combo: Yes

Present Zoning

Resid Single Family: Yes

Rooms

Bedroom: Yes
Dining Room: Yes
Foyer: Yes
Full Bathroom: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bathroom: Yes
Master Bedroom: Yes
Office: Yes

Utilities

Electricity – Connected: Yes
Garbage: Yes
Natural Gas – Connected: Yes
Private Well: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Bay: Yes
Bayou: Yes

Sale Type

As Is: Yes

Full Bathroom

Basement: Yes
First: Yes

Waterfront Type

Bayou w/ Gulf Access: Yes

Master Bedroom

First: Yes

Bedroom

Basement: Yes

Cooling

Central Air: Yes
Electric: Yes
Mini-Split/Ductless: Yes
Multi Units: Yes

Heating

Central: Yes
Electric: Yes
Fireplace – Wood Burning: Yes
Mini-Split/Ductless: Yes

Property Features

Appliances: Cooktop – Gas; Dishwasher; Disposal; Dryer; Ice Maker; Oven – Electric; Range Hood; Refrigerator; Washer; Washer/Dryer Stacked; Water Heater – Gas; Water Heater – Tankless Full Bathroom: Basement; First Master Bedroom: First Bedroom: Basement Cooling: Central Air; Electric; Mini-Split/Ductless; Multi Units Heating: Central; Electric; Fireplace – Wood Burning; Mini-Split/Ductless Exterior: Deck Open; Fenced Back Yard; Fenced Lot-All; Sprinkler System Financing: Cash; Conventional; VA Furnished: Unfurnished Interior: Bunk Room Kitchen: First Living Room: First Lot Features: Landscaped; Sidewalk; Subdivision – Recorded; Waterfront Lot Access: City Street; Paved Road Master Bathroom: First Dining Room: First Foyer: First Laundry: Basement Office: First Pool Features: Heated – Gas; Inground; Pool/Spa Combo Parking Features: Carport Attached; Driveway; Garage Attached Other Structures: Boat House Rooms: Bedroom; Dining Room; Foyer; Full Bathroom; Kitchen; Laundry; Living Room; Master Bathroom; Master Bedroom; Office Sale Type: As Is Utilities: Electricity – Connected; Garbage; Natural Gas – Connected; Private Well; Public Sewer – Connected; Public Water – Connected Waterfront Type: Bayou w/ Gulf Access Waterfront Feature: Boat Slip; Boatlift; Bulkhead/Seawall; Dock; Bulkhead/Seawall Waterview: Bay; Bayou Present Zoning: Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Living Room	First	24 x 21	24.00	21.00
Kitchen	First	26 x 13	26.00	13.00
Dining Room	First	13 x 17	13.00	17.00
Office	First	12 x 13	12.00	13.00
Foyer	First	5 x 13	5.00	13.00
Full Bathroom	First	8 x 5	8.00	5.00
Master Bedroom	First	15 x 16	15.00	16.00
Master Bathroom	First	12 x 15	12.00	15.00	includes laundry area
Bedroom	Basement	16 x 12	16.00	12.00
Full Bathroom	Basement	8 x 7	8.00	7.00
Bedroom	Basement	12 x 13	12.00	13.00
Full Bathroom	Basement	8 x 5	8.00	5.00
Bedroom	Basement	24 x 11	24.00	11.00
Laundry	Basement	4 x 13	4.00	13.00	includes storage area

Listing Office: Counts Real Estate Group

Last Updated: August – 12 – 2025

Information deemed reliable but not guaranteed.