With its beautiful beaches and a tourism-driven economy that supports a robust rental market, Panama City has become an attractive destination for investors and homebuyers alike.
Add to that a growing luxury market — particularly for new developments and high-end condos that offer modern amenities and beach access — and more moderate prices than other Florida coastal cities like Miami or Naples, and you’ve got a clear winner.
So what does your money buy you in this slice of the Florida Panhandle?
Well, we’ve just gotten word of a newly listed, 5-bedroom mansion with 100 feet of waterfront that just came to market for $2,150,000.
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5 bedrooms, 5 baths, and 5,510 sq. ft. of living space
Listed with Sean Casilli and Alice De La Penha, who are part of The Real Estate Experts Team with Coldwell Banker Realty, the Panama City house has 5,510 square feet of luxe interiors, 5 bedrooms, 4 full baths and one half-bath.
100 feet of deep bayou boatable waterfront
Perfect for boating enthusiasts, the home has 100 feet of deep bayou boatable waterfront and comes with a boat dock with both boat and jet ski lifts.
Elegant interiors with sophisticated design
Boasting fine finishes like Italian marble and crown molding in select rooms, the elegant home welcomes visitors with a grand foyer with 21.6-foot ceilings and stunning Austrian Crystal Chandeliers.
A formal living room
Throughout the 5,510-square-foot home, we find both intimate, family-friendly spaces and classy, formal areas that have been elegantly appointed.
A spacious family room
The spacious family room has a fireplace and large windows overlooking the water.
See also: The 2nd priciest house for sale in the Fort Walton Beach region is an ode to luxury – See inside
A gourmet kitchen
The gourmet kitchen is a chef’s dream, equipped with granite countertops, an island with breakfast bar seating, and decorative crown molding. There’s even a breakfast nook to take in the great views of the pool and bayou.
A primary bedroom retreat
The primary bedroom is a private retreat, highlighted by an 84-inch gold gilt dome, a private balcony overlooking the pool, and an elegant fireplace. The primary bathroom doesn’t leave much to be desired and is equipped with a whirlpool tub, separate shower, double sinks, and built-ins for a mini-fridge, microwave, and TV.
A pool with waterfront views
The exterior is just as impressive, with a circular driveway, a large fountain, a spacious two-car garage, and an in-ground pool with lakefront views.
A boat dock with boat and jet ski lifts
The property also features a boat dock with boat and jet ski lifts for boating enthusiasts, making the most of its waterfront location.
Priced at $2,150,000
While $2.150 million is no pocket change, it’s considerably less than what buyers pay in other Florida coastal cities like Miami or Naples, where comparable waterfront properties command $10+ million asking prices. If this one happens to be in your budget, make sure to reach out to agents Sean Casilli and Alice De La Penha at Coldwell Banker Realty.
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