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Sold for $1,750,000
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  • $1,750,000

    213 S Cove Terrace Dr, Panama City, FL 32401

    5beds
    4,893sqft
    Single Family Residence
    Built in 1966
    0.53 Acres Lot
    $2,003,900 Zestimate®
    $358/sqft
    $4,143 Estimated rent

    Home value

    $2,003,900

    $1.78M - $2.28M

    $4,143/mo

    Zestimate® history
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    What's special

    Beautiful poolWaterfront gemModern neutral paletteGas stone fireplaceElectric fireplaceModern tileModern design
    CURRENTLY UNDER CONTRACT - SELLER WILL REVIEW BACK UP OFFERS. Modern WATERFRONT luxurious living at it's finest! Welcome to the historic Cove neighborhood where you'll find deep waterfront, incredible sunset views and a remarkable modern-designed home spanning over 4,800 square feet. This lifestyle you've been dreaming of is now a reality! Immerse yourself in unparelled luxury. Crafted with a unique, modern neutral palette, step into 9' ceilings, wide open spaces with 5 bedrooms, 4.5 bathrooms, bonus room, pool, spa, and dock with boat house. The Chef's kitchen is a true dream. Custom, gold-gilded cabinetry, a 48' Z-line professional gas range, pellet ice maker, oversized Quartz island and a walk-in Butler's pantry stand out in this kitchen with soaring ceilings, tiled backsplash and custom coordinating hood range. Enjoy breezes from the Bay on the screened porch overlooking the pool and Bayou, just off the kitchen. Step through the oversized archway and watch as the living, kitchen and dining space become one. A stunning feature wall with shelving and custom lighting are a showpiece in the living room area giving a luxurious feel and great ambience. The living room spans wide and offers a gas stone fireplace as a focal point. Step out of the multiple French doors onto the expansive Trex deck overlooking the pool, spa, backyard and waterfront. Enjoy the best sunsets the Cove has the offer from this deck daily! The dining room features a large antique chandelier truly creating a perfect place for hosting guests and family. The main level showcases a waterfront master suite with a seating area, electric fireplace, unique modern nightstand lighting and large walk-in closet with laundry and a stunning bathroom with a backlit modern tiled shower and Toto toilet with heated seat and bidet. This master suite offers access to the deck where you can enjoy morning coffee and watch the dolphins in the Bayou! The main level also features two large bedrooms with en suite baths complete with new bathtubs, modern tile and LED mirrors. Thoughtfully designed just off the kitchen, you'll have access to the mud room drop zone, a powder room and direct access to the 2-car garage and backyard. This waterfront home features a walk-out lower level that offers a large family room/bonus room, two additional bedrooms, full bathroom and a storage room. The French doors off the bonus room lead to the beautiful pool and spa and gives access to the dock. Entertaining is most appealing in spaces that allow the outdoors and indoors to flow together and this house is the epitome of an entertaining dream! Imagine the cookouts, parties and holiday gatherings you'll be able to enjoy at home. 213 S Cove Terrace Drive has recently been completely renovated and no detail was overlooked in this remarkable renovation turning this gem into a modern masterpiece! The floorplan was thoughtfully redesigned to maximize bedrooms, privacy and an open concept in the main great room. Custom lighting was added throughout to create a magnificent ambience and a light LVP flooring was chosen throughout to keep a cohesive feel in this large multi-level home. A full renovation was completed in 2021 to include plumbing, electrical, roof and water heaters. This home is very unique in design as it offers a main level living, dining, kitchen area with master bedroom and two guest suites so it lives like a one-story home. With easy access via steps from the kitchen to the pool, spa, backyard and dock, you'll enjoy the most amazing views from a higher level but live like a one-story home! The lower level is easily accessed by stairs off the kitchen and is a great extension of the upper level with additional living areas, two bedrooms, a full bath and access to the outdoors. This stunning waterfront home in the historic Cove neighborhood is ready to call home. If you've been waiting for a waterfront gem that is fully renovated in a modern design - this is for you.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sostheim Group 850-814-4560,

    Corcoran Reverie

    Bought with:

    Sostheim Group

    Corcoran Reverie

    Source: CPAR,MLS#: 754322MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom, Bonus Room
    Primary bedroom
    • Level: First
    • Dimensions: 17.8 x 22.6
    Bedroom
    • Level: First
    • Dimensions: 17.8 x 15.8
    Bedroom
    • Level: First
    • Dimensions: 17.11 x 15.4
    Bedroom
    • Level: Basement
    • Dimensions: 18.1 x 12.4
    Bedroom
    • Level: Basement
    • Dimensions: 14.4 x 11.9
    Bonus room
    • Level: Basement
    • Dimensions: 28.1 x 22.9
    Dining room
    • Level: First
    • Dimensions: 11.6 x 14.7
    Kitchen
    • Level: First
    • Dimensions: 12.4 x 18.9
    Living room
    • Level: First
    • Dimensions: 25.5 x 32.6
    Heating
    • Central, Electric, Fireplace(s)
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Gas Oven, Gas Range, Tankless Water Heater
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Bidet
    • Has fireplace: Yes
    • Fireplace features: Electric, Gas
    Interior area
    • Total structure area: 4,893
    • Total interior livable area: 4,893 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Additional Parking, Circular Driveway, Garage, Garage Door Opener, Paved, RV Access/Parking
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Balcony, Covered, Porch, Screened
    • Exterior features: Boat Lift, Boat Slip, Dock, Porch
    • Pool features: In Ground, Pool
    • Fencing: Fenced
    • Has view: Yes
    • View description: Bayou
    • Has water view: Yes
    • Water view: Bayou
    • Waterfront features: Bayou, Riparian Rights
    • Frontage length: 100
    Lot
    • Size: 0.53 Acres
    • Dimensions: 100' x 231'
    • Features: Sprinkler System, Paved
    Details
    • Additional structures: Boat House, Storage
    • Parcel number: 21632000000
    • 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, Block
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Year built: 1966

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Electricity Available, Water Connected

    Community & HOA

    Community
    • Features: Bulkhead, Short Term Rental Allowed
    • Subdivision: Cove Terrace
    HOA
    • Has HOA: No
    Location
    • Region: Panama City

    Financial & listing details

    • Price per square foot: $358/sqft
    • Tax assessed value: $1,389,675
    • Annual tax amount: $17,991
    • Date on market: 3/15/2024
    • Cumulative days on market: 46 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    6/12/2024Sold$1,750,000-4.6%$358/sqft
    Source: CPAR #754322 Report a problem
    4/30/2024Contingent$1,835,000$375/sqft
    Source: CPAR #754322 Report a problem
    4/30/2024Pending sale$1,835,000$375/sqft
    Source: ECAOR #944934 Report a problem
    4/9/2024Price change$1,835,000-2.9%$375/sqft
    Source: ECAOR #944934 Report a problem
    3/15/2024Listed for sale$1,889,000+67.9%$386/sqft
    Source: CPAR #754322 Report a problem
    12/27/2021Sold$1,125,000-6.3%$230/sqft
    Source: CPAR #717326 Report a problem
    10/13/2021Pending sale$1,200,000$245/sqft
    Source: CPAR #717326 Report a problem
    9/28/2021Listed for sale$1,200,000$245/sqft
    Source: CPAR #717326 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$19,684 +9.4%$1,147,780 +10%
    2023$17,991 +19.2%$1,043,436 +8%
    2022$15,099 $966,558
    2021-- --
    2020$9,948 +78.7%$641,407 +66.3%
    2019$5,568 $385,795 -9.3%
    2018$5,568 -4.6%$425,366 +2.1%
    2017$5,837 +3.3%$416,617 +2.1%
    2016$5,653 -2.1%$408,048 +0.7%
    2015$5,774 $405,212 +0.8%
    2014$5,774 $401,996 +1.5%
    2013-- $396,055 -2.3%
    2012-- $405,280 +6.1%
    2011-- $382,016 +1.5%
    2010-- $376,370 +2.7%
    2009-- $366,475 +0.1%
    2008-- $366,109 +3%
    2007-- $355,445 +2.5%
    2006-- $346,776 +3%
    2005-- $336,676 +3%
    2004-- $326,870 +1.9%
    2003-- $320,775 +2.4%
    2002-- $313,257 +1.6%
    2001-- $308,324 +0.7%
    2000-- $306,042
    Find assessor info on the county website

    Neighborhood: 32401

    Nearby schools

    GreatSchools rating
    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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