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New construction
    • Price cut: $30.9K (8/8)
    $559,000

    227 Lullwater Dr, Panama City Beach, FL 32413

    3beds
    1,817sqft
    : 
    $3,513/mo
    Get pre-qualified
    Single Family Residence
    Built in 2026
    9,147 Square Feet Lot
    $550,000 Zestimate®
    $308/sqft
    $-- HOA

    What's special

    Spray-foam roof deck insulationReclaimed-water irrigationHurricane-impact windows and doorsTaexx in-wall pest controlLuxurious main-level primary suiteWrap-around fencing
    **AUGUST PRICE SPECIAL -- NOW $559,000!** This is an exceptional opportunity to own brand-new lakefront construction in Panama City Beach at a compelling price. Located at 227 Lullwater Drive, this 1,817 sq ft two-story home offers 3 bedrooms, 2.5 baths, and a spacious main-level primary suite. Quality construction and features include hurricane-impact windows and doors, spray-foam roof deck insulation, Taexx in-wall pest control, reclaimed-water irrigation, gutters, wrap-around fencing, and an oversized 1-car garage. Enjoy **NO HOA and no flood zone**, with the beach within walking distance and Pier Park, Frank Brown Park, restaurants, shopping, and entertainment just minutes away. The home is move-in ready and includes a 1-year builder warranty and transferable termite bond. Ideal as a primary residence, second home, or investment property. **This special $559,000 price is being offered during August.** Buyers who have previously considered the property are encouraged to take another look while this pricing is available. Schedule your private showing today!
    48 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Oksana F Hobbs 850-866-9179,

    Keller Williams Success Realty,

    Sergej Fedcov 850-866-2590,

    Prok Invest LLC

    Source: CPAR,MLS#: 792142MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom, Dining Room, Family Room, Full Bath, Garage, Half Bath, Kitchen, Primary Bathroom, Primary Bedroom, Patio
      Primary bedroom
      • Description: measurements are approximate
      • Level: First
      • Dimensions: 15.6 x 13.2
      Bedroom
      • Description: measurements are approximate
      • Level: Second
      • Dimensions: 14 x 13.6
      Bedroom
      • Description: measurements are approximate
      • Level: Second
      • Dimensions: 14 x 13.2
      Primary bathroom
      • Description: measurements are approximate
      • Level: First
      • Dimensions: 10.4 x 11.6
      Dining room
      • Description: measurements are approximate
      • Level: First
      • Dimensions: 11.6 x 12.3
      Family room
      • Description: measurements are approximate
      • Level: First
      • Dimensions: 16 x 15.6
      Other
      • Description: measurements are approximate
      • Level: Second
      • Dimensions: 11.4 x 5.4
      Garage
      • Description: measurements are approximate
      • Level: First
      • Dimensions: 12 x 25.6
      Half bath
      • Description: measurements are approximate
      • Level: First
      • Dimensions: 6 x 5.4
      Kitchen
      • Description: measurements are approximate
      • Level: First
      • Dimensions: 11.2 x 12.3
      Patio
      • Description: measurements are approximate
      • Level: First
      • Dimensions: 16 x 8
      Heating
      • Central, Electric, ENERGY STAR Qualified Equipment, Zoned
      Cooling
      • Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Zoned
      Appliances
      • Included: ENERGY STAR Qualified Appliances, Electric Range, Electric Water Heater
      Features
      • Double Vanity, Interior Steps, Main Level Primary, Soaking Tub, Separate Shower, Walk-In Closet(s)
      • Doors: Storm Door(s)
      • Windows: Storm Window(s)
      Interior area
      • Total structure area: 1,817
      • Total interior livable area: 1,817 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage, Garage Door Opener, Paved
      • Garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Covered, Porch
      • Exterior features: Deck, Rain Gutters
      • Fencing: Fenced
      • Has view: Yes
      • View description: Lake, Water
      • Has water view: Yes
      • Water view: Lake,Water
      • Waterfront features: Lake, Lake Front
      Lot
      • Size: 9,147 Square Feet
      • Dimensions: 70.0 ft x 131.0 ft
      • Features: Sprinkler System, Paved
      Details
      • Parcel number: 33646010000
      • Zoning description: Resid Single Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type, Wood Frame
      • Foundation: Slab
      • Roof: Metal
      Condition
      • New construction: Yes
      • Year built: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Available, Natural Gas Available
      Green energy
      • Energy efficient items: Appliances

      Community & HOA

      Community
      • Security: Secured Garage/Parking, Smoke Detector(s)
      • Subdivision: El Centro Beach
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $308/sqft
      • Tax assessed value: $89,964
      • Annual tax amount: $1,472
      • Date on market: 7/2/2026
      • Cumulative days on market: 265 days
      • Electric utility on property: Yes

        Estimated market value

        $550,000

        $523,000 - $578,000

        $2,860/mo

        Price history

        DateEventPrice
        8/8/2026Price change$559,000-5.2%$308/sqft
        Source: CPAR #792142 Report a problem
        7/2/2026Listed for sale$589,900-0.9%$325/sqft
        Source: CPAR #792142 Report a problem
        7/1/2026Listing removed$595,000$327/sqft
        Source: CPAR #778009 Report a problem
        5/26/2026Price change$595,000-2.3%$327/sqft
        Source: CPAR #778009 Report a problem
        4/20/2026Price change$609,000-2.5%$335/sqft
        Source: CPAR #778009 Report a problem
        3/24/2026Price change$624,9000%$344/sqft
        Source: CPAR #778009 Report a problem
        2/26/2026Listed for sale$625,000+6.8%$344/sqft
        Source: CPAR #778009 Report a problem
        11/20/2025Listing removed$585,000$322/sqft
        Source: CPAR #778009 Report a problem
        8/22/2025Listed for sale$585,000+3150%$322/sqft
        Source: CPAR #778009 Report a problem
        7/1/1994Sold$18,000$10/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,094 +11.7%$81,807 +10%
        2023$979 +13.2%$74,370 +6.2%
        2022$865 $70,029
        2021-- --
        2020$906 +9.4%$69,563 +10%
        2019$828 $63,239 +10%
        2018$828 +8%$57,490 +10%
        2017$767 +23.4%$52,264 -4.8%
        2016$622 -5.9%$54,892
        2015$661 $54,892 -1.4%
        2014$661 $55,692
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
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        Climate risks

        Neighborhood: 32413

        Getting around

        26 / 100
        Car-Dependent
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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