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Sold for $565,000
  • $565,000

    508 Parkwood Dr, Panama City, FL 32405

    4beds
    2,262sqft
    Single Family Residence
    Built in 1993
    0.31 Acres Lot
    $561,500 Zestimate®
    $250/sqft
    $2,660 Estimated rent

    Home value

    $561,500

    $511,000 - $612,000

    $2,660/mo

    Zestimate® history
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    What's special

    Modern fixturesPool homeNew roofResort-style outdoor livingBright and open layoutUpdated ceramic tile flooringQuiet dead-end street
    Pool home with RV and boat parking and no HOA, located on a quiet dead-end street in the desirable Woods neighborhood of Panama City. This beautifully updated 4-bedroom, 2.5-bath home offers over 2,260 square feet of living space on a spacious 0.31-acre lot and has been extensively renovated within the past three years with major upgrades including a new roof, updated cabinetry, appliances, flooring, bathrooms, and solar panels for improved energy efficiency. Inside, the home features a bright and open layout with updated ceramic tile flooring, modern fixtures, and comfortable living spaces designed for both everyday living and entertaining. The kitchen is centered around a large island with abundant cabinet storage and a generously sized pantry with custom shelving, while the dining area overlooks the backyard and pool. The primary suite provides a spacious retreat with a massive walk-in closet and a beautifully renovated bathroom featuring a double shower. The flexible floor plan also includes a dedicated office space ideal for working from home along with an oversized laundry room comparable in size to an additional bedroom. Outdoor living is one of the standout features of this property. The backyard showcases a brand-new ozone pool with tanning shelf and all new equipment, along with a pergola that creates a shaded space perfect for relaxing or entertaining. The fully fenced yard provides privacy and room to enjoy the outdoor setting. For those needing additional storage or parking, the property includes a 23' by 35' concrete pad ideal for an RV, boat, trailer, or multiple recreational vehicles. The finished garage features painted flooring, attic access, and a secondary door leading to the backyard. A detached shed with electrical service offers additional workspace or storage. Additional improvements include a whole-home generator, two 50-amp power plugs, built-in security cameras, and a sprinkler system powered by a private well that can also connect to city water. Conveniently located just minutes from shopping, dining, medical facilities, and downtown Panama City, this home offers the rare combination of major upgrades, energy efficiency, resort-style outdoor living, and space to park your boat or RV without the restrictions of an HOA. Solar panels are paid off.

    Zillow last checked:

    Listing updated:

    Listed by:

    Beth Mulvey 256-566-5482,

    Beach House Sales and Development

    Bought with:

    Stephanie Frimet, 3257698

    Beachy Beach Real Estate

    Carrie W Redd

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 778798MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Bedroom, Primary Bedroom, Office
    Primary bedroom
    • Level: First
    • Dimensions: 25 x 20
    Bedroom
    • Level: First
    • Dimensions: 15 x 10
    Bedroom
    • Level: First
    • Dimensions: 15 x 10
    Office
    • Level: First
    • Dimensions: 15 x 10
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Electric Cooktop, Electric Oven
    Interior area
    • Total structure area: 2,262
    • Total interior livable area: 2,262 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Additional Parking, Garage, Garage Door Opener, Paved, RV Access/Parking
    • Garage spaces: 2
    Features
    • Patio & porch: Covered, Patio
    • Exterior features: Patio
    • Has private pool: Yes
    • Pool features: Fenced, Gunite, In Ground, Private
    • Fencing: Fenced,Privacy
    Lot
    • Size: 0.31 Acres
    • Dimensions: 90 x 150
    • Features: Sprinkler System, Paved
    Details
    • Additional structures: Pergola
    • Parcel number: 12987098000
    • Zoning description: Resid Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Brick, Wood Frame
    • Roof: Composition,Shingle
    Condition
    • New construction: No
    • Year built: 1993

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Short Term Rental Allowed
    • Security: Smoke Detector(s)
    • Subdivision: The Woods Phase 2
    HOA
    • Has HOA: No
    Location
    • Region: Panama City

    Financial & listing details

    • Price per square foot: $250/sqft
    • Tax assessed value: $392,864
    • Annual tax amount: $6,495
    • Date on market: 9/18/2025
    • Cumulative days on market: 192 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    5/14/2026Sold$565,000-3.4%$250/sqft
    Source: CPAR #778798 Report a problem
    3/29/2026Pending sale$585,000$259/sqft
    Source: CPAR #778798 Report a problem
    2/23/2026Price change$585,000-2.3%$259/sqft
    Source: CPAR #778798 Report a problem
    1/6/2026Price change$599,000-4.2%$265/sqft
    Source: CPAR #778798 Report a problem
    9/18/2025Listed for sale$625,000+35.9%$276/sqft
    Source: CPAR #778798 Report a problem
    7/28/2023Sold$460,000-4.2%$203/sqft
    Source: CPAR #740441 Report a problem
    7/26/2023Pending sale$480,000$212/sqft
    Source: CPAR #740441 Report a problem
    6/25/2023Contingent$480,000$212/sqft
    Source: CPAR #740441 Report a problem
    6/5/2023Price change$480,000-2%$212/sqft
    Source: CPAR #740441 Report a problem
    5/19/2023Listed for sale$490,000$217/sqft
    Source: CPAR #740441 Report a problem
    4/25/2023Listing removed--
    Source: CPAR #740441 Report a problem
    4/21/2023Listed for sale$490,000+38%$217/sqft
    Source: CPAR #740441 Report a problem
    7/17/2020Sold$355,000-5.3%$157/sqft
    Source: CPAR #695746 Report a problem
    6/10/2020Price change$375,000-2.3%$166/sqft
    Source: Joseph Metz #695746 Report a problem
    5/19/2020Price change$384,000-1.3%$170/sqft
    Source: Joseph Metz #695746 Report a problem
    4/28/2020Price change$389,000-1.5%$172/sqft
    Source: Joseph Metz #695746 Report a problem
    3/24/2020Listed for sale$395,000+234.7%$175/sqft
    Source: Joseph Metz #695746 Report a problem
    9/6/2019Sold$118,000-57%$52/sqft
    Source: Public Record Report a problem
    12/26/2013Sold$274,400+48.3%$121/sqft
    Source: Public Record Report a problem
    6/2/2000Sold$185,000$82/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,495 +30.3%$392,864 +22.7%
    2023$4,986 +6.5%$320,171 +3%
    2022$4,682 $310,846
    2021-- --
    2020$1,774 +1470.7%$100,774 +215%
    2019$113 $31,988 -85.2%
    2018$113 -95.8%$215,714 +2.1%
    2017$2,662 +3.4%$211,277 +2.1%
    2016$2,576 -1.9%$206,931 +0.7%
    2015$2,625 $205,493 +0.8%
    2014$2,625 $203,862 -19.6%
    2013-- $253,633 -1.3%
    2012-- $256,875 +6.1%
    2011-- $242,129 +1.5%
    2010-- $238,551 +2.7%
    2009-- $232,279 +0.1%
    2008-- $232,046 +3%
    2007-- $225,287 +2.5%
    2006-- $219,792 +6.8%
    2005-- $205,815 +10%
    2004-- $187,024 +11%
    2003-- $168,521 +7.8%
    2002-- $156,261
    2001-- $156,261 +13%
    2000-- $138,320
    Find assessor info on the county website

    Neighborhood: 32405

    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.

    Sell for more on Zillow
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    $561,500
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    With Zillow Showcase(estimated)
    $572,730
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $561,500
    2% more
    +$11,230
    With Zillow Showcase(estimated)
    $572,730