INCREDIBLE PRICE IMPROVEMENT!!!Located in The beautiful non-HOA community of
Colony Club,142 Twilight Bay Dr offers the perfect blend of space, flexibility, and location in Panama City Beach. This 4-bedroom, 3-bath home features a heated and cooled bonus room plus an upstairs loft, creating multiple options for a home office, media room, play space, or additional guest accommodations. This waterfront home also has a walkout dock great for relaxing in the beautiful Florida sun
The layout is designed for comfortable everyday living while still offering room to spread out--ideal for full-time residents, second homeowners, or investors looking for versatility. The bonus room adds valuable conditioned square footage, and the loft provides a separate retreat for added privacy or functionality.
This location stands out. Just moments from the bay and Pier Park, where you can take advantage of waterfront views, outdoor recreation, and local charm. You're also a short drive to the white-sand beaches, dining, shopping, and entertainment that make Panama City Beach such a sought-after destination.
Whether you're looking for a primary residence, a coastal getaway, or an investment opportunity, this home offers a rare combination of space, flexibility, and proximity to everything PCB has to offer.
For sale
Price cut: $40K (8/22)
$559,000
142 Twilight Bay Dr, Panama City Beach, FL 32407
4beds
3,404sqft
Single Family Residence
Built in 2004
0.34 Acres Lot
$546,700 Zestimate®
$164/sqft
$-- HOA
What's special
Walkout dockUpstairs loftWaterfront homeWaterfront views
- 135 days
- 1,212
- 72
Zillow last checked:
Listing updated:
Listed by:
Sara Violette 850-630-0600,
EXP Realty LLC
Source: CPAR,MLS#: 788499
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bedroom, Dining Room, Family Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 22 x 20
Bedroom
- Level: First
- Dimensions: 13 x 13
Bedroom
- Level: First
- Dimensions: 13 x 13
Dining room
- Description: Kitchen/dining combo
- Level: First
- Dimensions: 27 x 12
Family room
- Level: First
- Dimensions: 24 x 20
Features
- Main Level Primary
Interior area
- Total structure area: 3,404
- Total interior livable area: 3,404 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 3
Features
- On waterfront: Yes
- Waterfront features: Other
Lot
- Size: 0.34 Acres
- Dimensions: 100 x 150
Details
- Parcel number: 32736322000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: North Colony Club Estates
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $507,347
- Annual tax amount: $5,095
- Date on market: 4/17/2026
- Cumulative days on market: 136 days
Estimated market value
$546,700
$519,000 - $574,000
$4,820/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Price change | $559,000-6.7%$164/sqft |
Source: | ||
| 8/1/2026 | Price change | $599,000-4.2%$176/sqft |
Source: eXp Realty #788499 Report a problem | ||
| 7/23/2026 | Price change | $625,000-2.3%$184/sqft |
Source: eXp Realty #788499 Report a problem | ||
| 7/6/2026 | Price change | $639,900-5.2%$188/sqft |
Source: | ||
| 5/15/2026 | Price change | $675,000-3.4%$198/sqft |
Source: eXp Realty #788499 Report a problem | ||
| 4/17/2026 | Listed for sale | $699,000+104.4%$205/sqft |
Source: | ||
| 12/22/2016 | Sold | $342,000-2.3%$100/sqft |
Source: | ||
| 11/3/2016 | Listed for sale | $349,900+7.7%$103/sqft |
Source: Beachy Beach Real Estate #652181 Report a problem | ||
| 10/2/2008 | Sold | $325,000$95/sqft |
Source: Public Record Report a problem | ||
| 8/27/2008 | Listed for sale | $325,000$95/sqft |
Source: NCI #381211 Report a problem | ||
| 8/13/2008 | Listing removed | $325,000$95/sqft |
Source: Prudential Real Estate #381211 Report a problem | ||
| 5/29/2008 | Listed for sale | $325,000-33%$95/sqft |
Source: Prudential Real Estate #381211 Report a problem | ||
| 10/5/2005 | Sold | $485,000+747.9%$142/sqft |
Source: Public Record Report a problem | ||
| 8/13/2003 | Sold | $57,200+4%$17/sqft |
Source: Public Record Report a problem | ||
| 5/12/2003 | Sold | $55,000$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,969 +2.4% | $434,934 +3% |
| 2023 | $4,854 +11.9% | $422,266 +3.2% |
| 2022 | $4,339 | $409,287 |
| 2021 | -- | -- |
| 2020 | $4,134 +33.1% | $391,880 +33.2% |
| 2019 | $3,105 | $294,277 -1.2% |
| 2018 | $3,105 -2.9% | $297,873 +1.6% |
| 2017 | $3,198 +10.1% | $293,322 +4.9% |
| 2016 | $2,906 -3% | $279,598 -1% |
| 2015 | $2,996 | $282,319 -2.4% |
| 2014 | $2,996 | $289,305 -2% |
| 2013 | -- | $295,303 |
| 2012 | -- | $295,303 +0.1% |
| 2011 | -- | $295,011 +1.5% |
| 2010 | -- | $290,651 +2.7% |
| 2009 | -- | $283,010 -26.7% |
| 2008 | -- | $386,255 +2.6% |
| 2007 | -- | $376,551 -6.3% |
| 2006 | -- | $402,034 +71.6% |
| 2005 | -- | $234,280 +378.1% |
| 2004 | -- | $49,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 32407
Nearby schools
Schools provided by the listing agent
- Elementary: Hutchison Beach
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






