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For sale
  • Price cut: $10K (5/25)
    $559,000

    501 Wood Trl, Panama City, FL 32405

    4beds
    2,246sqft
    : 
    $3,544/mo
    Get pre-qualified
    Single Family Residence
    Built in 1997
    0.51 Acres Lot
    $539,700 Zestimate®
    $249/sqft
    $28/mo HOA

    What's special

    Four bedroomsFresh interior paintBright breakfast nookCozy denGenerous half acre lotFenced backyardReplacement windows and doors
    *Sellers offering $5,000 towards the interest rate buy down saving you thousands!!**** Home is Wheelchair accessible from the front door entrance, the garage door entrance, and the patio area. Crafted by the renowned Koehnemann Construction, this beautiful home in the coveted ''The Woods Phase 3'' community offers a true suburban retreat on a generous half acre lot. The professionally landscaped grounds create a serene backdrop for relaxing and entertaining, while the fenced backyard complete with patio and screened back porch provides an inviting outdoor oasis. Inside, you'll find four bedrooms and three full bathrooms. A cozy den and a spacious family room offer comfortable gathering spaces, while a bright breakfast nook and a grand dining room provide plenty of options for both casual meals and formal entertaining. The large primary suite includes its own exit to the backyard, and both the living room and dining room open onto the patio and back porch as well, creating seamless indoor-outdoor flow throughout the home. This property has been meticulously updated over the years: fresh interior paint and granite kitchen countertops in 2016, a new roof in 2018, updated carpeting and flooring in 2019, replacement windows and doors in 2022, a new air conditioning unit and hot water tank in 2023, and, as recently as 2025, a termite inspection and the addition of the screened back porch ideal for year round enjoyment. Beyond your doorstep, neighborhood parks, trails, and local amenities enhance the outdoor lifestyle this home supports. With convenient access to Highway 390 (1.8 miles), Highway 98 (1.5 miles), US 231 (2.5 miles), and Panama City Beach's world renowned sugary shore just 11 miles away, everyday errands and weekend adventures are at your fingertips. The highly motivated sellers have shared many wonderful memories in this community and have enjoyed their dynamic home.. They are excited to leave this beautiful home to the future owners. Contact your favorite Realtor today to schedule a tour and discover why this could be your next home.
    381 days
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    230
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    7
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    Zillow last checked:

    Listing updated:

    Listed by:

    Catriese M Johnson 850-687-7487,

    Coldwell Banker Realty

    Source: CPAR,MLS#: 776778MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bedroom, Primary Bedroom
      Primary bedroom
      • Description: Buyer to verify
      • Level: First
      • Dimensions: 0 x 0
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Dimensions: 0 x 0
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Dimensions: 0 x 0
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Dimensions: 0 x 0
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range, Electric Water Heater
      Features
      • Jetted Tub, Main Level Primary
      • Has fireplace: Yes
      Interior area
      • Total structure area: 2,246
      • Total interior livable area: 2,246 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage, Garage Door Opener
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Patio
      • Exterior features: Patio
      • Has spa: Yes
      • Fencing: Fenced
      Lot
      • Size: 0.51 Acres
      Details
      • Parcel number: 12987176000
      • 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
      Condition
      • New construction: No
      • Year built: 1997

      Utilities & green energy

      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Subdivision: The Woods Phase 3
      HOA
      • Has HOA: Yes
      • Services included: Legal/Accounting
      • HOA fee: $330 annually
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $249/sqft
      • Tax assessed value: $317,495
      • Annual tax amount: $3,276
      • Date on market: 1/19/2026
      • Cumulative days on market: 381 days
      • Electric utility on property: Yes

        Estimated market value

        $539,700

        $513,000 - $567,000

        $2,878/mo

        Price history

        DateEventPrice
        5/25/2026Price change$559,000-1.8%$249/sqft
        Source: CPAR #776778 Report a problem
        4/21/2026Price change$569,000-1%$253/sqft
        Source: CPAR #776778 Report a problem
        1/20/2026Price change$574,900-0.7%$256/sqft
        Source: CPAR #776778 Report a problem
        10/15/2025Price change$579,000-0.7%$258/sqft
        Source: CPAR #776778 Report a problem
        9/10/2025Price change$582,900-0.5%$260/sqft
        Source: CPAR #776778 Report a problem
        7/25/2025Listed for sale$585,900+1574%$261/sqft
        Source: CPAR #776778 Report a problem
        4/18/1997Sold$35,000$16/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,276 -7.3%$239,806 +3%
        2023$3,535 +5.5%$232,821 +3%
        2022$3,352 $226,040
        2021-- --
        2020$3,268 +18.4%$216,426 +2.3%
        2019$2,760 $211,560 +1.9%
        2018$2,760 +8.7%$207,615 +2.1%
        2017$2,540 +3.4%$203,345 +2.1%
        2016$2,457 -1.9%$199,163 +0.7%
        2015$2,503 $197,779 +0.8%
        2014$2,503 $196,209 +1.5%
        2013-- $193,309 -1.3%
        2012-- $195,780 +6.1%
        2011-- $184,542 +1.5%
        2010-- $181,815 +2.7%
        2009-- $177,035 +0.1%
        2008-- $176,857 +3%
        2007-- $171,706 +2.5%
        2006-- $167,518 +4.5%
        2005-- $160,344 +3%
        2004-- $155,674 +1.9%
        2003-- $152,771 +2.4%
        2002-- $149,190 +1.6%
        2001-- $146,841 +1%
        2000-- $145,415
        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.
        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: 32405

        Getting around

        15 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hiland Park
        • 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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