CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS This stunning new construction home is a perfect blend of elegance and modern coastal living, offering gulf access for those who dream of life on the water. this home sits on an acre. From the moment you step inside, you'll be captivated by the exquisite finishes, thoughtful design, and impeccable attention to detail throughout. The open-concept layout is bathed in natural light, showcasing luxury. High-end fixtures, and a families dream kitchen with premium appliances and quarts countertops. The bedrooms are well places and are all upstairs so its not to clutter. While the beautifully designed bathrooms feel like a Pinterest design. Outside, enjoy breathtaking sunsets and the tranquil waterfront setting, perfect for boating, kayaking, or simply soaking in the coastal breeze. Every inch of this home has been crafted with love and sophistication, making it a truly exceptional place to call home. Don't miss the opportunity to own this stunning waterfront gem!
Sold for $430,000
$430,000
502 William Way, Panama City, FL 32404
3beds
1,704sqft
Single Family Residence
Built in 2025
0.38 Acres Lot
$427,400 Zestimate®
$252/sqft
$2,211 Estimated rent
Home value
$427,400
$385,000 - $474,000
$2,211/mo
Zestimate® history
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$2,813/mo
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List your homeWhat's special
Gulf accessExquisite finishesSits on an acreOpen-concept layoutBreathtaking sunsetsPremium appliancesBeautifully designed bathrooms
Zillow last checked:
Listing updated:
Listed by:
Sabina V Balch 316-925-0199,
Keller Williams Success Realty
Bought with:
Kay C Blanchard
Beachy Beach Real Estate
Source: CPAR,MLS#: 773513
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Kitchen, Primary Bedroom, Other
Primary bedroom
- Description: Please Verify
- Level: Second
- Dimensions: 12 x 14
Bedroom
- Description: Please Verify
- Level: Second
- Dimensions: 11 x 12
Bedroom
- Description: Please Verify
- Level: Second
- Dimensions: 11 x 13
Kitchen
- Description: Please Verify
Other
- Description: Please Verify
- Features: Balcony
- Level: Second
- Dimensions: 7 x 10
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Range
Features
- Smart Thermostat
Interior area
- Total structure area: 1,704
- Total interior livable area: 1,704 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, Garage Door Opener, Paved
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Fencing: Partial
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: See Remarks
Lot
- Size: 0.38 Acres
- Dimensions: 135 x 105
- Features: Paved
Details
- Parcel number: 06616702000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
Condition
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Utilities for property: Sewer Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Shadow Bay Unt 3 & 4
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $252/sqft
- Tax assessed value: $38,125
- Annual tax amount: $449
- Date on market: 5/15/2025
- Cumulative days on market: 46 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2025 | Sold | $430,000-0.8%$252/sqft |
Source:  CPAR #773513 Report a problem | ||
| 6/30/2025 | Contingent | $433,500$254/sqft |
Source: CPAR #773513 Report a problem | ||
| 6/26/2025 | Price change | $433,500+2.4%$254/sqft |
Source: CPAR #773513 Report a problem | ||
| 5/15/2025 | Listed for sale | $423,500-0.4%$249/sqft |
Source: CPAR #773513 Report a problem | ||
| 4/3/2025 | Listing removed | $425,000$249/sqft |
Source: CPAR #769797 Report a problem | ||
| 3/19/2025 | Price change | $425,000+3.9%$249/sqft |
Source: CPAR #769797 Report a problem | ||
| 3/12/2025 | Price change | $409,000-4.9%$240/sqft |
Source: CPAR #769797 Report a problem | ||
| 3/11/2025 | Price change | $430,000+3.4%$252/sqft |
Source: CPAR #769797 Report a problem | ||
| 3/5/2025 | Listed for sale | $416,000$244/sqft |
Source: CPAR #769797 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $449 +12.4% | $29,349 +10% |
| 2023 | $400 +18.3% | $26,681 +10% |
| 2022 | $338 | $24,255 |
| 2021 | -- | -- |
| 2020 | $270 +11% | $20,045 +10% |
| 2019 | $244 | $18,223 |
| 2018 | $244 +4.6% | $18,223 +1.9% |
| 2017 | $233 -1.8% | $17,890 +0.3% |
| 2016 | $237 -39% | $17,837 -35.6% |
| 2015 | $389 | $27,705 +0.5% |
| 2014 | $389 | $27,568 |
Find assessor info on the county website
Neighborhood: 32404
Nearby homes
- $311,1004 bd2 ba1.8k sqft504 William Way, Panama City, FL 32404Off Market
- $270,3003 bd3 ba1.7k sqft500 William Way, Panama City, FL 32404Off Market
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- $260,0003 bd2 ba1.3k sqft514 J H Crews Cir, Panama City, FL 32404Sold
- $301,6004 bd2 ba1.9k sqft508 William Way, Panama City, FL 32404Off Market
- $297,5003 bd2 ba1.4k sqft566 J H Crews Cir, Panama City, FL 32404Off Market
- $260,0003 bd2 ba1.4k sqft516 J H Crews Cir, Panama City, FL 32404Sold
- $430,0003 bd3 ba1.7k sqft512 William Way, Panama City, FL 32404Sold
Nearby schools
GreatSchools rating
- 6/10Callaway Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 2/10Rutherford High SchoolGrades: 6-12Distance: 3.4 mi
Schools provided by the listing agent
- Elementary: Callaway
- Middle: Rutherford Middle
- High: Rutherford
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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$427,400
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- Florida
- Bay County
- Callaway
- 32404
- 502 William Way
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