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For sale
  • Price cut: $506K (6/13)
    $2,989,000

    167 Downing St, Panama City Beach, FL 32413

    4beds
    3,580sqft
    : 
    $19,384/mo
    Get pre-qualified
    Single Family Residence
    Built in 2021
    0.34 Acres Lot
    $-- Zestimate®
    $835/sqft
    $-- HOA

    What's special

    Beautiful mature landscapingOpen-concept main levelSpacious outdoor yard
    PRICE IMPROVEMENT - Reduced by over $500,000! This exceptional luxury beach home presents a rare opportunity to own a custom-built residence in the highly sought-after West End of Panama City Beach. This stunning Coastal masterpiece was completed in 2021 by acclaimed builder Rick Koehnemann of Koehnemann Construction. Offering 4 bedrooms, 4.5 bathrooms, with designed living spaces on each floor. This extraordinary property blends craftsmanship, modern luxury, and exceptional short-term rental potential. This home was designed for Comfort, Relaxation & Entertaining! Just a few houses from the beach on an oversized lot, the property provides a spacious outdoor yard with room to design your own swimming pool. A fully fenced backyard with privacy fencing and beautiful, mature landscaping creates a sense of comfort and seclusion. A back gate leads to a short walk over the dunes to the undeveloped natural beach--where sand, sea oats, and the beautiful Emerald waters of the Gulf, makes it feel like your own private stretch of coastline. This home provides you with an Open-concept main level with sliding glass doors that open onto a covered screened patio for seamless indoor/outdoor living. The Primary suite is on the main level, plus an additional bedroom and ensuite provides flexibility and convenience. The indoor elevator adds access to all levels. Second floor features its own living space with a family room, open office area, two guest bedrooms, and a bunk room--perfect for large gatherings, multi-family vacations, or rental flexibility. Bedrooms and the family room access the expansive covered balcony with seasonal Gulf views and refreshing Gulf breezes. The upstairs bunk room with twin beds gives more flexibility for guests which is perfect for hosting large families or groups. Premium Features & Upgrades are, " Double crown molding throughout main living areas and the Primary bedroom, Single crown molding in guest bedrooms, 9 Inch baseboards throughout, 8 ft tall solid wood doors throughout the home, and 4 Inch Plantation Shutters throughout. " Soaring 12-foot ceilings on the lower level and 10-foot ceilings upstairs. Surround sound system in Living room. Garage Attic space completely covered in 1'' plywood for added storage. " Tankless hot water heater for efficiency and convenience. Trex deck with railing for ease in maintenance " The house is wired for a whole-house generator and a future swimming pool installation. Tons of Storage! " Gulf Vista is a non-HOA Neighborhood with underground utilities, preserving both reliability and beauty. " The Outdoor shower is ideal for rinsing off after beach days. This home is a short drive to 30A, Rosemary Beach, premier restaurants and shopping. Pier Park is a destination with a variety of restaurants, shopping, an IMAX theater, and attractions including Dolly Parton's Pirates Voyage Dinner Show and Topgolf. This thoughtfully designed Luxury Custom built home offers the best of both worlds: a serene coastal retreat for your family and a high-demand short-term rental opportunity in one of Florida's most coveted beach destinations, Panama City Beach, FL .
    170 days
    |
    202
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Susan A West 850-819-5051,

    Berkshire Hathaway HomeServices

    Source: ECAOR,MLS#: 994619MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: First
      • Area: 210 Square Feet
      • Dimensions: 15 x 14
      Bedroom
      • Level: First
      • Area: 221 Square Feet
      • Dimensions: 13 x 17
      Bedroom
      • Level: Second
      • Area: 168 Square Feet
      • Dimensions: 12 x 14
      Bedroom
      • Level: Second
      • Area: 165 Square Feet
      • Dimensions: 11 x 15
      Other
      • Level: Second
      • Area: 117 Square Feet
      • Dimensions: 13 x 9
      Dining room
      • Level: First
      • Area: 150 Square Feet
      • Dimensions: 10 x 15
      Family room
      • Level: Second
      • Area: 150 Square Feet
      • Dimensions: 10 x 15
      Living room
      • Level: First
      • Area: 345 Square Feet
      • Dimensions: 23 x 15
      Office
      • Level: Second
      • Area: 306 Square Feet
      • Dimensions: 18 x 17
      Heating
      • Central, Natural Gas
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Tankless Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Breakfast Bar, Bookcases, Crown Molding, Vaulted Ceiling(s), Tray Ceiling(s), Kitchen Island, Recessed Lighting, Pantry, Shelving, Split Bedroom, Elevator
      • Flooring: Tile, Carpet
      • Windows: Plantation Shutters
      • Attic: Pull Down Stairs
      • Has fireplace: Yes
      • Fireplace features: EPA Qualified Fireplace
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 3,580
      • Total interior livable area: 3,580 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Garage Door Opener
      • Attached garage spaces: 2
      Accessibility
      • Accessibility features: Handicap Provisions
      Features
      • Stories: 2
      • Patio & porch: Enclosed, Porch
      • Exterior features: Balcony, Private Yard, Outdoor Shower, Sprinkler System
      • Fencing: Privacy
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 0.34 Acres
      • Dimensions: 117 x 98 x 136 x 46 x 46 x 17 x 28
      • Features: Cleared, Level, Survey Available, Within 1/2 Mile to Water
      Details
      • Additional structures: Yard Building
      • Parcel number: 35370512000
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman
      • Property subtype: Single Family Residence
      Materials
      • Siding CmntFbrHrdBrd
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 2021

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: GULF VISTA
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $835/sqft
      • Tax assessed value: $753,963
      • Annual tax amount: $7,111
      • Date on market: 2/5/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/13/2026Price change$2,989,000-14.5%$835/sqft
        Source: CPAR #784760 Report a problem
        4/24/2026Price change$3,495,000-2.8%$976/sqft
        Source: CPAR #784760 Report a problem
        3/11/2026Price change$3,595,000-2.7%$1,004/sqft
        Source: ECAOR #994619 Report a problem
        2/5/2026Listed for sale$3,695,000$1,032/sqft
        Source: CPAR #784760 Report a problem
        12/6/2025Listing removed$3,695,000$1,032/sqft
        Source: BHHS broker feed #777709 Report a problem
        8/16/2025Listed for sale$3,695,000+3321.3%$1,032/sqft
        Source: CPAR #777709 Report a problem
        6/28/2013Sold$108,000$30/sqft
        Source: CPAR #608805 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,900 +1.4%$597,415 +3%
        2023$6,804 +11.3%$580,015 +3%
        2022$6,113 $563,121
        2021-- --
        2020$1,300 +12.7%$91,761 +10%
        2019$1,154 $83,419 +10%
        2018$1,154 +21.6%$75,835 -0.5%
        2017$949 -1.2%$76,209 -9.3%
        2016$960 -20.2%$84,000 -7.9%
        2015$1,203 $91,156 -3.9%
        2014$1,203 $94,857
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32413

        Getting around

        10 / 100
        Car-Dependent
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: West Bay
        • Middle: Surfside
        • High: Arnold

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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