CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS.
Welcome to 123 N Cove Terrace Drive, located in the heart of The Cove, one of Panama City's most established and sought after neighborhoods. Known for its tree lined streets, golf cart rides to the water, and close proximity to downtown dining and St. Andrews Bay, The Cove offers a lifestyle that is hard to replicate.
Built in 1950, this home is full of character and timeless charm. Original hardwood floors run through much of the home, complemented by crown molding and a warm, inviting layout. The spacious living area flows into a dedicated dining space with custom built ins, creating a comfortable setting for everyday living and entertaining.
The kitchen features abundant solid wood cabinetry, generous storage, and a functional design that connects seamlessly to the main living areas. An enclosed entry offers additional flex space that could serve as a sitting area, office, or mudroom.
The primary suite includes backyard access and multiple closets, while the secondary bedrooms are well sized with natural light and classic hardwood flooring. A one car garage adds convenience.
Step outside to a private, fenced backyard shaded by mature oaks and accented by a brick walkway. A detached structure provides excellent potential for a workshop, hobby space, studio, or additional storage, a valuable feature in the Cove.
Sold for $289,999
$289,999
123 N Cove Terrace Dr, Panama City, FL 32401
3beds
1,364sqft
Single Family Residence
Built in 1950
0.26 Acres Lot
$288,100 Zestimate®
$213/sqft
$1,915 Estimated rent
Home value
$288,100
$262,000 - $317,000
$1,915/mo
Zestimate® history
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$1,902/mo
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List your homeWhat's special
Brick walkwayOne car garageWarm inviting layoutGenerous storageOriginal hardwood floorsCrown moldingAbundant solid wood cabinetry
Zillow last checked:
Listing updated:
Listed by:
Raymond B Williams PA 850-276-9023,
Think Real Estate
Bought with:
Sostheim Group
Corcoran Reverie
Source: CPAR,MLS#: 785261
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Description: All measurements should be verified.
- Level: First
- Dimensions: 12.9 x 14.4
Bedroom
- Description: All measurements should be verified.
- Level: First
- Dimensions: 11 x 9.8
Bedroom
- Description: All measurements should be verified.
- Level: First
- Dimensions: 10.4 x 13.6
Kitchen
- Description: All measurements should be verified.
- Level: First
- Dimensions: 11.1 x 10.6
Living room
- Description: All measurements should be verified.
- Level: First
- Dimensions: 13.3 x 13.7
Heating
- Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Oven, Gas Range, Gas Water Heater
Interior area
- Total structure area: 1,364
- Total interior livable area: 1,364 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Patio
- Fencing: Fenced
Lot
- Size: 0.26 Acres
- Dimensions: 82'+- x 140'+-
- Features: Paved
Details
- Additional structures: Outbuilding
- Parcel number: 21317000000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Cedar, Shake Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sudduths 4th Add
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $213/sqft
- Tax assessed value: $173,144
- Annual tax amount: $1,736
- Date on market: 2/14/2026
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Sold | $289,999$213/sqft |
Source:  CPAR #785261 Report a problem | ||
| 2/14/2026 | Pending sale | $289,999$213/sqft |
Source: CPAR #785261 Report a problem | ||
| 2/14/2026 | Listed for sale | $289,999+75.8%$213/sqft |
Source: CPAR #785261 Report a problem | ||
| 9/28/2018 | Sold | $165,000-2.1%$121/sqft |
Source: CPAR #674918 Report a problem | ||
| 8/30/2018 | Pending sale | $168,500$124/sqft |
Source: Keller Williams Success Realty #674918 Report a problem | ||
| 8/30/2018 | Listed for sale | $168,500$124/sqft |
Source: Keller Williams Success Realty #674918 Report a problem | ||
| 8/20/2018 | Pending sale | $168,500$124/sqft |
Source: Keller Williams Success Realty #674918 Report a problem | ||
| 8/7/2018 | Listed for sale | $168,500+2.1%$124/sqft |
Source: Keller Williams Success Realty #674918 Report a problem | ||
| 6/19/2018 | Listing removed | $165,000$121/sqft |
Source: RE/MAX PRIME #O5703640 Report a problem | ||
| 5/14/2018 | Price change | $165,000-5.7%$121/sqft |
Source: RE/MAX PRIME #O5703640 Report a problem | ||
| 5/6/2018 | Price change | $175,000+25.4%$128/sqft |
Source: RE/MAX PRIME #O5703640 Report a problem | ||
| 4/25/2018 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 3/11/2015 | Sold | $139,500-1.8%$102/sqft |
Source: Public Record Report a problem | ||
| 1/28/2015 | Pending sale | $142,000$104/sqft |
Source: Keller Williams - Panama City Beach #627026 Report a problem | ||
| 12/19/2014 | Listed for sale | $142,000$104/sqft |
Source: Keller Williams Success Realty #627026 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,677 -4.2% | $138,436 +3% |
| 2023 | $1,750 +3% | $134,404 +3% |
| 2022 | $1,700 | $130,489 |
| 2021 | -- | -- |
| 2020 | $1,653 +23.1% | $124,939 +0.8% |
| 2019 | $1,343 | $123,901 +4.7% |
| 2018 | $1,343 -25.1% | $118,375 +0.2% |
| 2017 | $1,792 +1.2% | $118,142 +0.2% |
| 2016 | $1,771 +8.9% | $117,907 +14.4% |
| 2015 | $1,625 | $103,071 +64.4% |
| 2014 | $1,625 | $62,704 +1.5% |
| 2013 | -- | $61,777 -1.3% |
| 2012 | -- | $62,566 +6.1% |
| 2011 | -- | $58,975 +1.5% |
| 2010 | -- | $58,103 +2.7% |
| 2009 | -- | $56,575 +0.1% |
| 2008 | -- | $56,518 +3% |
| 2007 | -- | $54,871 +2.5% |
| 2006 | -- | $53,533 +3% |
| 2005 | -- | $51,973 +3% |
| 2004 | -- | $50,459 +1.9% |
| 2003 | -- | $49,518 +2.4% |
| 2002 | -- | $48,357 +3.4% |
| 2001 | -- | $46,788 -10.9% |
| 2000 | -- | $52,524 |
Find assessor info on the county website
Neighborhood: 32401
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Nearby schools
GreatSchools rating
- 5/10Merriam Cherry Street Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 2.1 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Cherry Street
- Middle: Jinks
- High: Bay
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Bay County
- Panama City
- 32401
- 123 N Cove Terrace Dr
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