5 Blue Crab Lane, Panama City Beach, FL 32413 (MLS# 780535)

5 Blue Crab Lane, Panama City Beach, FL 32413

$2,950,000

Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 4,939 Lot Size (sq. ft.): 39,204 Status: Active

Current Price: $2,950,000 List Date: 5/11/2026 Last Modified: 5/11/2026

Overview

Description

Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach. Inside, you'll find an open gourmet kitchen and working pantry that connects easily to the main living areas, a custom fireplace, and plenty of natural light. Spacious bedrooms throughout the home provide flexibility for family and guests, and the expansive third-floor deck has the best views on the lake. With its own private dock, the lake becomes an extension of the backyard. Step outside to enjoy the screened pool, large deck, boat slip, and park … (Read more)

Listing Details MLS# 780535

Contract Info

List Price/SqFt: 597.29

Location

Area: 03 – Bay County – Beach
Street #: 5
Street Name: Blue Crab
Street Suffix: Lane
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0322 – Beach – North West
Subdivision: Palmetto Bluff
Community/Resort: None
Waterfront: Yes
Gulf Access: No
Parcel ID: 35277-010-000
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: From Hwy. 98, take Gainous Rd. north, then right on Lakeview Drive. Blue Crab Lane entrance will be on the left.
Legal Description: 33 2S 17W -5.1- 12C BEG 283.70' E & 320' N OF SW COR OF GOVT LOT 2 TH W 50' N 291.01' M/L TO LAKE POWELL ELY ALG LAKE 210' S 164' W 50' S 80' W 100' TO POB LESS -5.1A- (SUBJ TO ESMT ORB 3441 P 301) ORB 3441 P 302

General Property Info

Sub-Type: Detached Single Family
Design: Craftsman Style
Apx SqFt(Htd/Cooled): 4939
SqFt Source: An Appraiser
Full Baths: 5
Total Baths: 5
Year Built: 1987
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Lot Dimensions: 150 x 247
Acreage: 0.9
Lot Size (SqFt): 39204
Pool: Yes
Pool Type: Private

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 900
HOA Frequency: Annually
HOA Annual Amount: 900
New Buyer Fee: No
Last Taxes: 8049
Last Tax Year: 2024
Brokerage Interest: Equitable Interest – Listing Broker/Salesperson has equitable interest in the property.

Remarks & Misc

Remarks: Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach. Inside, you'll find an open gourmet kitchen and working pantry that connects easily to the main living areas, a custom fireplace, and plenty of natural light. Spacious bedrooms throughout the home provide flexibility for family and guests, and the expansive third-floor deck has the best views on the lake. With its own private dock, the lake becomes an extension of the backyard. Step outside to enjoy the screened pool, large deck, boat slip, and parking for up to ten vehicles. Recent updates include a new roof in 2025 and a heated and cooled garage. With exquisite craftsmanship throughout and panoramic lake views from nearly every vantage point, this property is a rare gem for discerning buyers seeking coastal elegance and lakefront living. Located in the gated community of Palmetto Bluff, residents enjoy a large neighborhood green space and community dock. Recently appraised at $4.2 million, this home is priced to sell.

Family Room

Second: Yes

More Information

Pool Features

Screened In: Yes

Appliances

Refrigerator: Yes

Interior Features

Fireplace: Yes

Exterior

Deck Open: Yes

Waterfront Feature

Boat Slip: Yes

Association Fees Include

Security: Yes

Furnished

Negotiable: Yes

Kitchen

Second: Yes

Living Room

Second: Yes

Lot Features

Landscaped: Yes

Lot Access

Private Road: Yes

Parking Features

Garage Attached: Yes

Rooms

Bedroom: Yes
Family Room: Yes
Kitchen: Yes
Living Room: Yes

Utilities

Electricity – Availabile: Yes

Waterview

Lake: Yes

Sale Type

As Is: Yes

Waterfront Type

Lakefront: Yes

Bedroom

Second: Yes
Third: Yes

Cooling

Central Air: Yes

Heating

Electric: Yes

Property Features

Appliances: Refrigerator Bedroom: Second; Third Cooling: Central Air Heating: Electric Exterior: Deck Open Association Fees Include: Security Furnished: Negotiable Kitchen: Second Living Room: Second Lot Features: Landscaped Lot Access: Private Road Family Room: Second Pool Features: Screened In Parking Features: Garage Attached Rooms: Bedroom; Family Room; Kitchen; Living Room Sale Type: As Is Utilities: Electricity – Availabile Waterfront Type: Lakefront Waterfront Feature: Boat Slip Waterview: Lake

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Family Room	Second	33 x 14	33.00	14.00	Main Level
Living Room	Second	20 x 24	20.00	24.00	Main Level
Kitchen	Second	17 x 37	17.00	37.00	Main Level
Bedroom	Second	18 x 20	18.00	20.00	Main Level
Bedroom	Third	13 x 21	13.00	21.00	Upper Level
Bedroom	Third	11 x 13	11.00	13.00	Upper Level
Bedroom	Third	13 x 35	13.00	35.00	Upper Level

Listing Office: Holiday Beach Real Estate Inc

Last Updated: May – 11 – 2026

Information deemed reliable but not guaranteed.