5 Blue Crab Lane, Panama City Beach, FL 32413
$3,950,000
Property Type:
Residential
Bedrooms:
4
Baths:
5
Square Footage:
4,939
Lot Size (sq. ft.):
39,204
Status:
Active
Current Price:
$3,950,000
List Date:
10/17/2025
Last Modified:
2/18/2026
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 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.
More Information MLS# 780535
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.
Contract Info
List Price/SqFt: 799.76
Status: Active
List Date: 2025-10-16
List Price: $3,950,000
Current Price: $3,950,000
Location
Sub Area: 0322 – Beach – North West
Community/Resort: None
Waterfront: Yes
Gulf Access: No
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.
Area: 03 – Bay County – Beach
Street #: 5
Street Name: Blue Crab
Street Suffix: Lane
State: FL
Zip Code: 32413
County: Bay
Subdivision: Palmetto Bluff
Parcel ID: 35277-010-000
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
Acreage: 0.9
Design: Craftsman Style
Lot Size (SqFt): 39204
Apx SqFt(Htd/Cooled): 4939
Construction Status: Construction Complete
SqFt Source: An Appraiser
Lot Dimensions: 150 x 247
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Pool: Yes
Pool Type: Private
Sub-Type: Detached Single Family
Bedrooms: 4
Full Baths: 5
Total Baths: 5
Year Built: 1987
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: 1
Pool Features
Screened In: 1
Appliances
Refrigerator: 1
Interior Features
Fireplace: 1
Exterior
Deck Open: 1
Waterfront Feature
Boat Slip: 1
Association Fees Include
Security: 1
Furnished
Negotiable: 1
Kitchen
Second: 1
Living Room
Second: 1
Lot Features
Landscaped: 1
Lot Access
Private Road: 1
Parking Features
Garage Attached: 1
Rooms
Bedroom: 1
Family Room: 1
Kitchen: 1
Living Room: 1
Utilities
Electricity – Availabile: 1
Waterview
Lake: 1
Sale Type
As Is: 1
Waterfront Type
Lakefront: 1
Bedroom
Second: 1
Third: 1
Cooling
Central Air: 1
Heating
Electric: 1
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
Family Room
Level: Second
Dimensions: 33 x 14
Length: 33.00
Width: 14.00
Dimensions: 33 x 14
Remarks: Main Level
Living Room
Level: Second
Dimensions: 20 x 24
Length: 20.00
Width: 24.00
Dimensions: 20 x 24
Remarks: Main Level
Kitchen
Level: Second
Dimensions: 17 x 37
Length: 17.00
Width: 37.00
Dimensions: 17 x 37
Remarks: Main Level
Bedroom
Level: Second
Dimensions: 18 x 20
Length: 18.00
Width: 20.00
Dimensions: 18 x 20
Remarks: Main Level
Bedroom
Level: Third
Dimensions: 13 x 21
Length: 13.00
Width: 21.00
Dimensions: 13 x 21
Remarks: Upper Level
Bedroom
Level: Third
Dimensions: 11 x 13
Length: 11.00
Width: 13.00
Dimensions: 11 x 13
Remarks: Upper Level
Bedroom
Level: Third
Dimensions: 13 x 35
Length: 13.00
Width: 35.00
Dimensions: 13 x 35
Remarks: Upper Level
Listing Office:
Holiday Beach Real Estate Inc
Last Updated: February – 18 – 2026
Information deemed reliable but not guaranteed.