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For sale
    • Price cut: $20K (7/10)
    $575,000

    5108 Deep Bayou Dr, Panama City, FL 32404

    4beds
    2,670sqft
    : 
    $3,656/mo
    Get pre-qualified
    Single Family Residence
    Built in 1989
    0.82 Acres Lot
    $551,300 Zestimate®
    $215/sqft
    $-- HOA

    What's special

    Electric fireplacePrivate home officeSolid surface countertopsConvenient rear-facing garage doorAmple workspaceAttached and detached garagesHeated and cooled sunroom
    Perfectly positioned on an oversized corner lot in a quiet cul-de-sac, this beautifully updated residence offers the rare combination of timeless elegance, modern upgrades, and access to the pristine waters of Deer Point Lake. Designed with both comfort and entertaining in mind, the thoughtfully crafted floor plan is filled with natural light and generous living spaces. The impressive living room features an electric fireplace and flows seamlessly into a heated and cooled sunroom, creating an inviting year-round retreat for relaxing or hosting guests. A formal dining room and private home office provide both sophistication and functionality. At the heart of the home, the beautifully appointed kitchen showcases solid surface countertops, stainless steel appliances, abundant cabinetry, and ample workspace--perfect for everything from casual meals to elegant dinner parties. The luxurious primary suite serves as a private sanctuary, offering two walk-in closets, dual vanities, a jetted tub, and a separate walk-in shower designed for everyday comfort and relaxation. Outdoor living is equally exceptional. An expansive covered pavilion creates the perfect setting for entertaining, outdoor dining, and weekend gatherings. While this home offers both attached and detached garages, the detached garage is a standout feature, offering not only extra parking but also a workshop, home gym, and a convenient rear-facing garage door for drive-in storage for lawn equipment. With ample space and a solid foundation, this versatile structure presents an excellent opportunity for conversion into additional living space--whether as a guest cottage, rental unit, or in-law suite. Significant improvements completed in 2022 provide lasting peace of mind and modern efficiency, including: * Culligan water softener and sulfur removal system * New pressure tank * New well pump, seal, piping * New Siemens interior electrical panel * New exterior electrical panel * Upgraded electrical panel in the detached garage * New HVAC system with Ecobee smart thermostat and upgraded return In addition, the interior was updated in 2025 to include new flooring, new interior paint, refinished kitchen and bathroom cabinets.The landscaping was updated spring of 2026. Combining exceptional indoor and outdoor living, extensive mechanical upgrades, interior updates and coveted access to Deer Point Lake, this remarkable property presents a rare opportunity to enjoy refined living in one of the area's most desirable settings. Schedule your private tour today and experience all this exceptional home has to offer.
    32 days
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    597
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    34
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly E Smith 850-258-4498,

    Corcoran Reverie,

    Melanie S Allen 850-832-3064,

    Corcoran Reverie

    Source: CPAR,MLS#: 792455MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Breakfast Room/Nook, Bedroom, Dining Room, Florida Room, Garage, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Office, Patio, Bonus Room
      Primary bedroom
      • Level: First
      • Dimensions: 20 x 14
      Bedroom
      • Level: First
      • Dimensions: 14 x 11
      Bedroom
      • Level: First
      • Dimensions: 14 x 12
      Bedroom
      • Level: First
      • Dimensions: 13.5 x 11.5
      Primary bathroom
      • Level: First
      • Dimensions: 20 x 10
      Breakfast room nook
      • Level: First
      • Dimensions: 12 x 10
      Dining room
      • Level: First
      • Dimensions: 13 x 12
      Florida room
      • Level: First
      • Dimensions: 31 x 10
      Garage
      • Description: Attached garage
      • Level: First
      • Dimensions: 20 x 20
      Garage
      • Description: Detached garage
      • Level: First
      • Dimensions: 34 x 34
      Kitchen
      • Level: First
      • Dimensions: 14 x 12
      Laundry
      • Level: First
      • Dimensions: 7 x 8
      Living room
      • Level: First
      • Dimensions: 20 x 19
      Office
      • Level: First
      • Dimensions: 13 x 12
      Patio
      • Description: Pavilion in backyard
      • Level: First
      • Dimensions: 30 x 15
      Heating
      • Central, Electric, ENERGY STAR Qualified Equipment, Forced Air, Fireplace(s), Humidity Control
      Cooling
      • Central Air, Ceiling Fan(s), Humidity Control
      Appliances
      • Included: Electric Oven, Electric Range, Electric Water Heater, Ice Maker, Water Purifier Owned
      Features
      • Double Vanity, Jetted Tub, Main Level Primary, Separate Shower, Walk-In Closet(s)
      • Windows: Double Pane Windows
      • Has fireplace: Yes
      • Fireplace features: Electric
      Interior area
      • Total structure area: 2,670
      • Total interior livable area: 2,670 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Additional Parking, Garage, Garage Door Opener
      • Garage spaces: 3
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Patio, Porch
      • Exterior features: Fire Pit, Rain Gutters
      • Has spa: Yes
      • Fencing: Fenced,Privacy
      Lot
      • Size: 0.82 Acres
      • Dimensions: 170.0 ft x 210.0 ft
      • Features: Cul-De-Sac, Sprinkler System
      Details
      • Additional structures: Second Garage, Workshop
      • Parcel number: 05448020000
      • Zoning description: Resid Single Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick, Vinyl Siding
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1989

      Utilities & green energy

      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Security: Secured Garage/Parking, Security Lights, Smoke Detector(s)
      • Subdivision: Spikes Addto Highpoint
      HOA
      • Has HOA: No
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $215/sqft
      • Tax assessed value: $497,207
      • Annual tax amount: $6,591
      • Date on market: 7/10/2026
      • Cumulative days on market: 12 days
      • Electric utility on property: Yes

        Estimated market value

        $551,300

        $524,000 - $579,000

        $2,733/mo

        Price history

        DateEventPrice
        7/10/2026Price change$575,000-3.4%$215/sqft
        Source: CPAR #792455 Report a problem
        5/21/2026Listed for sale$595,000+1%$223/sqft
        Source: Owner Report a problem
        6/2/2025Listing removed$589,000$221/sqft
        Source: CPAR #767824 Report a problem
        1/28/2025Listed for sale$589,000$221/sqft
        Source: CPAR #767824 Report a problem
        12/19/2024Listing removed$2,950$1/sqft
        Source: CPAR #764861 Report a problem
        11/8/2024Listed for rent$2,950$1/sqft
        Source: CPAR #764861 Report a problem
        10/18/2024Listing removed$589,000$221/sqft
        Source: CPAR #760811 Report a problem
        8/2/2024Listed for sale$589,000+3.3%$221/sqft
        Source: CPAR #760811 Report a problem
        9/25/2023Sold$570,000-1.7%$213/sqft
        Source: CPAR #745454 Report a problem
        8/26/2023Pending sale$579,900$217/sqft
        Source: CPAR #745454 Report a problem
        8/19/2023Listed for sale$579,900+8.4%$217/sqft
        Source: CPAR #745454 Report a problem
        7/21/2022Sold$535,000-2.7%$200/sqft
        Source: CPAR #726721 Report a problem
        5/29/2022Contingent$550,000$206/sqft
        Source: CPAR #726721 Report a problem
        5/25/2022Price change$550,000-8.2%$206/sqft
        Source: CPAR #726721 Report a problem
        5/23/2022Price change$599,000-7.8%$224/sqft
        Source: CPAR #726721 Report a problem
        5/17/2022Listed for sale$650,000+88.4%$243/sqft
        Source: CPAR #726721 Report a problem
        4/17/2020Sold$345,000+15%$129/sqft
        Source: Public Record Report a problem
        12/22/2015Sold$300,000-7.4%$112/sqft
        Source: CPAR #636531 Report a problem
        11/24/2015Price change$324,000+2.9%$121/sqft
        Source: Counts Real Estate Group Inc #636531 Report a problem
        11/6/2015Price change$314,900-2.8%$118/sqft
        Source: Counts Real Estate Group Inc #636531 Report a problem
        10/22/2015Price change$324,000-4.4%$121/sqft
        Source: Counts Real Estate Group Inc #636531 Report a problem
        9/24/2015Listed for sale$339,000-0.3%$127/sqft
        Source: Counts Real Estate Group Inc #636531 Report a problem
        5/8/2015Listing removed$339,900$127/sqft
        Source: CENTURY 21 Commander Realty, Inc. #629648 Report a problem
        4/15/2015Price change$339,900-2.9%$127/sqft
        Source: CENTURY 21 Commander Realty, Inc. #629648 Report a problem
        3/14/2015Listed for sale$349,900+46.4%$131/sqft
        Source: CENTURY 21 Commander Realty, Inc. #629648 Report a problem
        10/9/2012Sold$239,000-4%$90/sqft
        Source: Public Record Report a problem
        7/25/2012Price change$249,000-3.9%$93/sqft
        Source: Coldwell Banker Carroll Realty, Inc. #507018 Report a problem
        6/7/2012Listed for sale$259,000$97/sqft
        Source: Coldwell Banker Carroll Realty, Inc. #507018 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,180 +7.1%$497,207 +8.7%
        2023$5,770 +91.6%$457,594 +54.9%
        2022$3,011 $295,398
        2021-- --
        2020-- $182,219 +2.3%
        2019-- $178,122 -30%
        2018-- $254,281 -0.3%
        2017-- $254,995 +0.2%
        2016-- $254,425 +13.9%
        2015-- $223,452 +0.8%
        2014-- $221,679 +1.5%
        2013-- $218,403 -12%
        2012-- $248,095 +60.2%
        2011-- $154,880 +1.5%
        2010-- $152,591 +2.7%
        2009-- $148,579 +0.1%
        2008-- $148,431 +3%
        2007-- $144,108 +2.5%
        2006-- $140,593 +3%
        2005-- $136,498 +3%
        2004-- $132,522 +1.9%
        2003-- $130,051 +2.4%
        2002-- $127,003 +1.6%
        2001-- $125,003 +0.8%
        2000-- $123,954
        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.
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        Climate risks

        Neighborhood: 32404

        Getting around

        0 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Deer Point
        • Middle: Mowat
        • High: Mosley

        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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