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Sold for $605,000
  • $605,000

    2527 Pelican Bay Dr, Panama City Beach, FL 32408

    5beds
    3,164sqft
    Single Family Residence
    Built in 2002
    0.31 Acres Lot
    $600,500 Zestimate®
    $191/sqft
    $3,563 Estimated rent

    Home value

    $600,500

    $546,000 - $661,000

    $3,563/mo

    Zestimate® history
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    What's special

    Truly private backyard retreatDark granite countertopsGas rangeExpansive screened-in porchLarge stainless-steel sinkPrivacy-fenced yardTimeless engineered hardwood flooring
    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Welcome to 2527 Pelican Bay Drive, a beautifully designed 5-bedroom, 3-bathroom custom home offering 3,164 square feet of thoughtfully designed living space in the highly desirable Pelican Bay community. Framed by mature, lush landscaping and meticulously cared for by just two owners, this home makes a striking first impression with soaring living room ceilings and timeless engineered hardwood flooring. The kitchen blends beauty and function, featuring white cabinetry, dark granite countertops, a gas range, a large stainless-steel sink, and custom pantry shelving with pull-out drawers that offer convenient, effortless organization. The first floor offers both flexibility and comfort. A guest bedroom or private office sits alongside a full bath, plus additional storage tucked beneath the staircase. You will also enjoy a formal dining space and a designated eat-in kitchen area, ideal for hosting or everyday living. The spacious primary suite is conveniently located downstairs, overlooking a serene backyard with no rear neighbors. The ensuite bath offers a double vanity, soaking tub, oversized walk-in closet with a custom storage system, and plenty of room to unwind. Upstairs, three additional bedrooms and a full bath provide space for family or guests. One of the upstairs bedrooms is exceptionally spacious (20x30), offering incredible versatility. This room can easily serve as a guest suite while also functioning as a home gym, children's playroom, media room, or creative studio. Just off the bedroom is a generous private balcony (28x12) that overlooks the lush, natural landscaping of the backyard, creating a peaceful outdoor retreat. Recent updates add both value and peace of mind, including fresh exterior paint, two HVAC systems installed in 2022, a 2018 water heater, newly installed impact-resistant windows on the north side, new roof (2018), and a 10KW Generac generator. The home is also wired for indoor and outdoor surround sound, enhancing everyday living and entertaining alike. Step outside to discover a truly private backyard retreat. Beyond the fence lies a protected DEP conservation area, ensuring permanent privacy with no future development behind you. The expansive screened-in porch and privacy-fenced yard create the perfect setting for relaxing evenings or weekend gatherings. Located in flood zone X, no flood insurance is required for this property. Pelican Bay is a desirable community located near Bay Point and just minutes from Publix, local dining favorites, and shopping. You are also a short drive to the sugar-white sands of Panama City Beach and the natural beauty of St. Andrews State Park. HOA dues include common area landscaping, access to the community pool, hot tub, pool house amenities, and dock. This is more than a home, it is space, privacy, and lifestyle all in one.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kaci A Hawes 850-628-4537,

    ERA Neubauer Real Estate, Inc

    Bought with:

    Bri Gambrell, SL3512353

    Foundation Real Estate Agency LLC

    Source: CPAR,MLS#: 786526MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Breakfast Room/Nook, Bedroom, Dining Room, Full Bath, Garage, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Other, Screened Porch
    Primary bedroom
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 15.1 x 16.9
    Bedroom
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 11.4 x 13.5
    Bedroom
    • Description: Measurements are not exact; Buyer to verify
    • Level: Second
    • Dimensions: 20.1 x 30.3
    Bedroom
    • Description: Measurements are not exact; Buyer to verify
    • Level: Second
    • Dimensions: 13.4 x 13.3
    Bedroom
    • Description: Measurements are not exact; Buyer to verify
    • Level: Second
    • Dimensions: 11.1 x 13.5
    Primary bathroom
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 12 x 16
    Breakfast room nook
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 11.1 x 11.3
    Dining room
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 10.11 x 13.3
    Other
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 7.4 x 5.4
    Other
    • Description: Measurements are not exact; Buyer to verify
    • Level: Second
    • Dimensions: 11.11 x 10.2
    Garage
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 20.1 x 23.7
    Kitchen
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 11.1 x 11.1
    Living room
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 17.4 x 15.7
    Other
    • Description: Measurements are not exact; Buyer to verify
    • Features: Balcony
    • Level: Second
    • Dimensions: 28.6 x 12.5
    Screened porch
    • Description: Measurements are not exact; Buyer to verify
    • Level: First
    • Dimensions: 29.2 x 12.3
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Multi Units
    Appliances
    • Included: Electric Oven, Electric Water Heater, Gas Cooktop
    Interior area
    • Total structure area: 3,164
    • Total interior livable area: 3,164 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Balcony, Covered, Porch, Screened
    • Exterior features: Deck, Porch
    • Pool features: In Ground, Community
    • Spa features: Community
    • Fencing: Fenced,Privacy
    • On waterfront: Yes
    Lot
    • Size: 0.31 Acres
    • Dimensions: 196 x 70 x 200 x 70
    • Features: Paved
    Details
    • Parcel number: 31259514000
    • Zoning description: Resid Single Family
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Stone, Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2002

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Electricity Available, Underground Utilities

    Community & HOA

    Community
    • Features: Clubhouse, Dock, Pool, Waterfront
    • Subdivision: Pelican Bay
    HOA
    • Has HOA: Yes
    • Amenities included: Spa/Hot Tub
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $191/sqft
    • Tax assessed value: $593,358
    • Annual tax amount: $4,145
    • Date on market: 3/9/2026
    • Cumulative days on market: 11 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    4/20/2026Sold$605,000-4%$191/sqft
    Source: CPAR #786526 Report a problem
    3/20/2026Pending sale$630,000$199/sqft
    Source: ECAOR #997459 Report a problem
    3/9/2026Listed for sale$630,000-3.1%$199/sqft
    Source: CPAR #786526 Report a problem
    10/30/2024Listing removed$650,000$205/sqft
    Source: ECAOR #950731 Report a problem
    8/2/2024Price change$650,000-3%$205/sqft
    Source: CPAR #757634 Report a problem
    7/19/2024Price change$670,000-0.7%$212/sqft
    Source: CPAR #757634 Report a problem
    7/4/2024Price change$675,000-2.9%$213/sqft
    Source: ECAOR #950731 Report a problem
    5/24/2024Listed for sale$695,000$220/sqft
    Source: CPAR #757634 Report a problem
    5/22/2024Listing removed--
    Source: ECAOR #936175 Report a problem
    11/3/2023Listed for sale$695,000+80.5%$220/sqft
    Source: CPAR #748745 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    11/19/2014Sold$385,000-3.6%$122/sqft
    Source: CPAR #624337 Report a problem
    10/22/2014Pending sale$399,500$126/sqft
    Source: Owner Report a problem
    8/25/2014Listed for sale$399,500+487.5%$126/sqft
    Source: Owner Report a problem
    8/3/2001Sold$68,000$21/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,092 +1.5%$368,951 +3%
    2023$4,030 +11.3%$358,205 +3%
    2022$3,622 $347,772
    2021-- --
    2020$3,632 +22.9%$332,981 +21.3%
    2019$2,956 $274,572 -15.8%
    2018$2,956 -19%$326,236 +0.2%
    2017$3,651 -0.6%$325,680 -1.1%
    2016$3,673 -5.2%$329,309 +0.6%
    2015$3,872 $327,298 +9.5%
    2014$3,872 $298,888 -1.6%
    2013-- $303,612 +1%
    2012-- $300,578 -1.9%
    2011-- $306,252 -1%
    2010-- $309,386 -0.6%
    2009-- $311,192 +0.1%
    2008-- $310,881 +3%
    2007-- $301,826 +2.5%
    2006-- $294,464 +3%
    2005-- $285,887 +3%
    2004-- $277,560
    2003-- $277,560
    Find assessor info on the county website

    Neighborhood: Upper Grand Lagoon

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Patronis
    • 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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