CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS - Welcome to 200 S Cove Terrace, located in the highly sought-after Cove neighborhood of Panama City. Known for its charm, golf-cart-friendly streets, and close-knit community feel, The Cove offers an unbeatable location just minutes from the bay, downtown Panama City, local dining, parks, and marinas. Positioned on a desirable corner lot, this property combines convenience with the character that makes this neighborhood so special.
*Solar Panels Paid off at Closing*
Inside, the home features a comfortable living space anchored by a cozy wood-burning fireplace. The kitchen was refreshed in 2024 with updated appliances, cabinets, and countertops, offering a modern touch while maintaining the home's inviting feel.
Step outside to enjoy the saltwater pool, perfect for relaxing or entertaining. Major pool updates include a pool pump replaced in 2019 and a brand-new pool liner installed in 2026.
Additional improvements provide peace of mind, including AC replaced in 2019, water heater in 2021, gutters installed in 2020, and exterior painting completed in 2020.
With its prime Cove location, corner lot setting, valuable updates, and easy access to both the bay and downtown Panama City, this property offers a great opportunity to enjoy one of the area's most beloved neighborhoods.
Sold for $515,000
$515,000
200 S Cove Terrace Dr, Panama City, FL 32401
4beds
2,625sqft
Single Family Residence
Built in 1949
0.3 Acres Lot
$513,600 Zestimate®
$196/sqft
$2,768 Estimated rent
Home value
$513,600
$473,000 - $560,000
$2,768/mo
Zestimate® history
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List your homeWhat's special
Saltwater poolUpdated appliancesCozy wood-burning fireplaceCorner lot
Zillow last checked:
Listing updated:
Listed by:
Joshua Hoey 850-303-4050,
Think Real Estate
Bought with:
DJ T Janovyak, BK0599600
Emerald Coast Realty Group
Source: CPAR,MLS#: 786856
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Primary Bedroom
Primary bedroom
- Level: Second
- Dimensions: 23 x 14
Bedroom
- Level: First
- Dimensions: 12 x 10
Bedroom
- Level: First
- Dimensions: 12 x 10
Bedroom
- Level: First
- Dimensions: 13 x 11
Heating
- Central, Electric, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Electric Range, Wine Cooler
Interior area
- Total structure area: 2,625
- Total interior livable area: 2,625 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Patio & porch: Balcony, Patio, Covered, Porch
- Exterior features: Patio
- Has private pool: Yes
- Pool features: In Ground, Salt Water, Private
- Fencing: Privacy
Lot
- Size: 0.3 Acres
- Features: Paved
Details
- Additional structures: Shed(s)
- Parcel number: 21651000000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Shingle
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Green energy
- Energy efficient items: Solar Panel(s)
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Cove Terrace
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $196/sqft
- Tax assessed value: $256,519
- Annual tax amount: $4,540
- Date on market: 3/16/2026
- Cumulative days on market: 9 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Sold | $515,000-1%$196/sqft |
Source:  CPAR #786856 Report a problem | ||
| 3/27/2026 | Pending sale | $520,000$198/sqft |
Source: CPAR #786856 Report a problem | ||
| 3/16/2026 | Listed for sale | $520,000+62.5%$198/sqft |
Source: CPAR #786856 Report a problem | ||
| 6/22/2019 | Listing removed | $320,000$122/sqft |
Source: Counts Real Estate Group #679473 Report a problem | ||
| 1/22/2019 | Listed for sale | $320,000+80.8%$122/sqft |
Source: Counts Real Estate Group #679473 Report a problem | ||
| 4/24/2002 | Sold | $177,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,256 +5.1% | $248,039 +10% |
| 2023 | $4,051 +14.9% | $225,490 +10% |
| 2022 | $3,526 | $204,991 |
| 2021 | -- | -- |
| 2020 | $3,310 +17.1% | $185,723 +6.2% |
| 2019 | $2,827 | $174,903 -8.8% |
| 2018 | $2,827 -2.7% | $191,799 -0.2% |
| 2017 | $2,904 +0.8% | $192,229 -0.2% |
| 2016 | $2,881 -4.4% | $192,660 +0.8% |
| 2015 | $3,015 | $191,200 -0.3% |
| 2014 | $3,015 | $191,720 -0.7% |
| 2013 | -- | $193,050 +5.1% |
| 2012 | -- | $183,686 -3.7% |
| 2011 | -- | $190,682 -5.1% |
| 2010 | -- | $200,931 -10% |
| 2009 | -- | $223,271 -6.9% |
| 2008 | -- | $239,826 -7% |
| 2007 | -- | $257,853 +7.9% |
| 2006 | -- | $239,063 +49.2% |
| 2005 | -- | $160,249 +11.1% |
| 2004 | -- | $144,211 +10.4% |
| 2003 | -- | $130,581 +6.7% |
| 2002 | -- | $122,404 +0.5% |
| 2001 | -- | $121,764 +3% |
| 2000 | -- | $118,217 |
Find assessor info on the county website
Neighborhood: 32401
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Merriam Cherry Street Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 2.4 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 2.1 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
- 200 S Cove Terrace Dr
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