Price Reduction - Waterfront
247 S Cove Terrace Drive Panama City, FL
$ 2,495,000
Property Attributes
  • MLS#867434
  • TypeSingle Family
  • CountyBAY
  • CityPanama City
  • AreaBay County
  • NeighborhoodCove
  • Zip32401
  • StyleTraditional
  • Year Built2013
  • Taxes$ 15100
  • Price$ 2,495,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage6662
  • Lot Size0.56 Acres
Listing Provided Courtesy Of:
Corcoran Reverie SRB
Data Source:
Emerald Coast MLS (ECAR) - 42 - FL
Property Description

Relaxed, refined coastal living can only be found deep in the heart the Cove, in this custom, modern masterpiece built by Clifford C. Myers of Macintosh Myers Construction. Poised within proximity to the famed Shell Island and only 7 miles to the emerald waters of the Gulf of Mexico pass, you'll see why the Cove is truly a boater's paradise. Every inch of this half-acre parcel takes full advantage of its bayfront location and with 100 feet of water frontage, this luxury residence boasts a private boathouse with deep water access, dock leading from the water's edge to the estate's lavish amenities. You'll live a true resort-like lifestyle while at home with an oversized pool, hot tub, screened lanai with a well-equipped outdoor kitchen and generous green space shaded by hundred year oaks. This meticulously-designed 7,000 square-foot residence property features rich details abound including stunning hardwood floors, tongue-and-groove vaulted, beamed ceilings, and a highly articulated floorplan designed for exceptional functionality and entertaining. As you enter the foyer, enjoy endless views of the bay while nestled around the gas fireplace complete with custom woodwork designed as large-scale art above the mantle to hide the television. Amid the blend of formal and casual living spaces, the main level of the home offers an abundance of oversized windows allowing for plenty of light, gorgeous bay views, and spectacular sunsets. The well-appointed kitchen offers custom cabinetry with a suite of professional grade appliances and a highly-desirable butler's pantry. The mudroom is precisely placed adjacent to the covered garage entry and the office which features a full bath and changing area. The main level also features the master suite complete with a light, bright luxurious bathroom, dual custom closets and pure water views. Three additional sizable bedrooms and two full baths complete this level while the basement level is where the memories begin. Down a wooded staircase, you'll find the recreation room featuring coffered ceilings and accordion doors to the pool deck creating a seamless connection between interior and exterior spaces, visually increasing the size and livability. Complete with a home gym, wet bar, wine cellar and hidden safe-room, "basement living" has never felt more spacious. This level also features an additional bedroom, bathroom, and astonishing playroom with custom-designed treehouses and incredible built-in storage for virtual work and play. No detail was overlooked in the design of this immaculate home including being well-equipped with smart technology, three deep garage bays, walkable-finished storage complete with dumbwaiter in the garage loft area and a climate-controlled, finished room off the pool deck with a separate entrance. Get ready to pull your Sportfish beside the dock. Deep water access is hard to come by and this residence has it! A family-friendly city-maintained playground area is across the street in this quaint Cove neighborhood. Located just 2 miles from flourishing downtown Panama City, you're within a short golf cart ride away from enjoying local brews, live music, farmers markets and more. Along with the world's most beautiful beaches just minutes away, world-class dining on the 30A corridor and the welcoming Southern hospitality you'll find here, you'll be ready to call this your home immediately! *Buyer to verify all measurements, if important.*

Elementary School Middle School High School
Cherry Street Elementary School Jinks Middle School BAY High School
Price History
3/23/2021 Listed $2,600,000
7/16/2021 5% - $2,495,000

General Features

Appliances Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Oven Double, Oven Self Cleaning, Range Hood, Refrigerator, Stove/Oven Gas, Washer
Area 27 - Bay County
As Is No
Assessment Fees No
Elementary School Cherry Street
Energy AC - 2 or More, AC - High Efficiency, Heat High Efficiency
Financing Conventional
High School Bay
Homestead No
Middle School Jinks
Project Facilities Exercise Room, Game Room, Playground, Pool, Waterfront
Rooms Bedroom, Family Room, Kitchen, Living Room, Master Bedroom, Recreation Room
Sub Area 2706 - Cove/Downtown
Subdivision Cove
Utilities Electric, Gas - Natural, Public Sewer, Public Water, TV Cable
Waterfront Bay, Bayou
Zoning Resid Single Family

Interior Features

Interior Features Basement Finished, Built-In Bookcases, Ceiling Beamed, Ceiling Cathedral, Ceiling Tray/Cofferd, Ceiling Vaulted, Fireplace, Fireplace Gas, Floor Hardwood, Floor Marble, Floor Tile, Guest Quarters, Kitchen Island
Kitchen First
Living Room First
Mstr Bdrm/mstr Bath MBath Double Vanity, MBath Garden Tub, MBath Separate Shwr, MBath Tile, MBath Walk-In Closet, MBed Carpeted, MBed First Floor, MBed Trey Ceiling, MBed Walk-in Closet, MBed Waterfront
Stories 2.0
Total Baths 6.00
Total Bedrooms 6

Exterior Features

Acreage 0.56
Construction/siding Brick, Roof Dimensional Shg
Design Traditional
Driveway Spaces 6.00
Exterior BBQ Pit/Grill, Boat Slip, Boathouse, Boatlift, Dock, Fenced Lot-Part, Fireplace, Hot Tub, Lawn Pump, Pool - House, Pool - In-Ground, Porch Screened, Renovated, Separate Living Area, Shower, Sprinkler System
Lot Description Cul-De-Sac
Lot Dimensions 100x243
Number of Garage Spaces 3.00
Parking Features Garage, Garage Attached, Golf Cart Covered
Pool Y/N Yes
Waterfront: Waterfront Feet 100
Waterview Bay, Bayou


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 32401

AVG $350K
AVG $2,151
AVG 21
Year Built
AVG 1963
AVG 35
Data Provided by Walkscore ® not using MLS data

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