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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: $1,475,000 List Date: 7/09/2025 Last Modified: 8/12/2025

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 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!

More Information MLS# 771520

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

Contract Info

List Price/SqFt: 427.54 Status: Sold List Date: 2025-04-05 List Price: $1,475,000 Current Price: $1,350,000

Location

Sub Area: 0203 - Bay - Central SW Community/Resort: Bunkers Cove Waterfront: Yes Gulf Access: Yes 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. Area: 02 - Bay County - Central Street #: 227 Street Direction: S Street Name: Cove Terrace Street Suffix: Drive State: FL Zip Code: 32401 County: Bay Subdivision: Cove Terrace Parcel ID: 21639-000-000 Legal Description: COVE TERRACE LOT 19 BLK 82 ORB 3615 P 2086

General Property Info

Acreage: 0.33 Design: Traditional Lot Size (SqFt): 14201 Apx SqFt(Htd/Cooled): 3450 Immediate Occupancy: Yes Construction Status: Construction Complete SqFt Source: Owner Measured # of Stories in Building: 2 Lot Dimensions: 90 x 158 New Construction: No Garage Y/N: Yes Garage Spaces: 1 Covered Spaces: 1 Driveway Spaces: 2 Pool: Yes Pool Type: Private Sub-Type: Detached Single Family Bedrooms: 4 Full Baths: 4 Total Baths: 4 Year Built: 1950

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!

Status Change Info

Sold Price/SqFt: 391.3 Sold Price/Acre: 4090909.09 Under Contract Date: 2025-07-24 Sold Date: 2025-08-11 Sold Price: $1,350,000

Dining Room

First: 1

Foyer

First: 1

Laundry

Basement: 1

Master Bathroom

First: 1

Office

First: 1

Pool Features

Heated - Gas: 1 Inground: 1 Pool/Spa Combo: 1

Appliances

Cooktop - Gas: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Ice Maker: 1 Oven - Electric: 1 Range Hood: 1 Refrigerator: 1 Washer: 1 Washer/Dryer Stacked: 1 Water Heater - Gas: 1 Water Heater - Tankless: 1

Interior Features

Ceiling - Raised: 1 Fireplace: 1 Floor - Tile: 1 Floor - Vinyl Plank: 1 Kitchen Island: 1 Lighting - Recessed: 1 Split Bedroom: 1 Stairs: 1

Construction/Siding

Block: 1 Brick: 1 Foundation - Off Grade: 1 Foundation - Slab on Grade: 1 Roof - Dimensional Shg: 1 Siding - Wood: 1 Trim - Wood: 1

Exterior

Deck Open: 1 Fenced Back Yard: 1 Fenced Lot-All: 1 Sprinkler System: 1

Waterfront Feature

Boat Slip: 1 Boatlift: 1 Dock: 1 Bulkhead/Seawall: 1 Waterfront Feet: 90

Other Structures

Boat House: 1

Financing

Cash: 1 Conventional: 1 VA: 1

Furnished

Unfurnished: 1

Interior

Bunk Room: 1

Kitchen

First: 1

Living Room

First: 1

Lot Features

Landscaped: 1 Subdivision - Recorded: 1 Sidewalk: 1 Waterfront: 1

Lot Access

City Street: 1 Paved Road: 1

Parking Features

Carport Attached: 1 Driveway: 1 Garage Attached: 1

Mstr Bath / Mstr Bdrm

MBath Double Vanity: 1 MBath Walk-In Closet: 1 MBed First Floor: 1 MBed Waterfront: 1 MBath Shower/Tub Combo: 1

Present Zoning

Resid Single Family: 1

Rooms

Bedroom: 1 Dining Room: 1 Foyer: 1 Full Bathroom: 1 Kitchen: 1 Laundry: 1 Living Room: 1 Master Bathroom: 1 Master Bedroom: 1 Office: 1

Utilities

Electricity - Connected: 1 Garbage: 1 Natural Gas - Connected: 1 Private Well: 1 Public Sewer - Connected: 1 Public Water - Connected: 1

Waterview

Bay: 1 Bayou: 1

Sale Type

As Is: 1

Full Bathroom

Basement: 1 First: 1

Waterfront Type

Bayou w/ Gulf Access: 1

Master Bedroom

First: 1

Bedroom

Basement: 1

Cooling

Central Air: 1 Electric: 1 Mini-Split/Ductless: 1 Multi Units: 1

Heating

Central: 1 Electric: 1 Fireplace - Wood Burning: 1 Mini-Split/Ductless: 1

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

Living Room Level: First Dimensions: 24 x 21 Length: 24.00 Width: 21.00 Dimensions: 24 x 21 Kitchen Level: First Dimensions: 26 x 13 Length: 26.00 Width: 13.00 Dimensions: 26 x 13 Dining Room Level: First Dimensions: 13 x 17 Length: 13.00 Width: 17.00 Dimensions: 13 x 17 Office Level: First Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Foyer Level: First Dimensions: 5 x 13 Length: 5.00 Width: 13.00 Dimensions: 5 x 13 Full Bathroom Level: First Dimensions: 8 x 5 Length: 8.00 Width: 5.00 Dimensions: 8 x 5 Master Bedroom Level: First Dimensions: 15 x 16 Length: 15.00 Width: 16.00 Dimensions: 15 x 16 Master Bathroom Level: First Dimensions: 12 x 15 Length: 12.00 Width: 15.00 Dimensions: 12 x 15 Remarks: includes laundry area Bedroom Level: Basement Dimensions: 16 x 12 Length: 16.00 Width: 12.00 Dimensions: 16 x 12 Full Bathroom Level: Basement Dimensions: 8 x 7 Length: 8.00 Width: 7.00 Dimensions: 8 x 7 Bedroom Level: Basement Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Full Bathroom Level: Basement Dimensions: 8 x 5 Length: 8.00 Width: 5.00 Dimensions: 8 x 5 Bedroom Level: Basement Dimensions: 24 x 11 Length: 24.00 Width: 11.00 Dimensions: 24 x 11 Laundry Level: Basement Dimensions: 4 x 13 Length: 4.00 Width: 13.00 Dimensions: 4 x 13 Remarks: includes storage area
Listing Office: Counts Real Estate Group
Last Updated: August - 12 - 2025
Information deemed reliable but not guaranteed.