Welcome to 516 William Way, a beautiful waterfront home in the peaceful and quiet neighborhood of Shadow Bay. This brand-new construction offers beach access by boat to the Gulf of Mexico. As you step inside, you'll immediately notice the incredible attention to detail, with high ceilings and thoughtfully designed finishes that create a warm, inviting space. The open layout allows for plenty of natural light, making the home feel bright and spacious. The garage offers two spaces that can easily accommodate two large trucks, adding even more convenience to this amazing home. Th master bedroom faces the water, giving you stunning views the moment you wake up. It features gorgeous tile work, a luxurious shower, and a massive walk-in closet a perfect blend of comfort and elegance.
Sold for $398,000
$398,000
516 William Way, Panama City, FL 32404
3beds
1,706sqft
Single Family Residence
Built in 2025
0.4 Acres Lot
$396,700 Zestimate®
$233/sqft
$2,213 Estimated rent
Home value
$396,700
$377,000 - $417,000
$2,213/mo
Zestimate® history
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$2,213/mo
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$2,585/mo
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$2,585/mo
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List your homeWhat's special
Beach access by boatStunning viewsHigh ceilingsWaterfront homeOpen layoutPlenty of natural lightGorgeous tile work
Zillow last checked:
Listing updated:
Listed by:
Steven Koleno 804-656-5007,
Beycome of Florida LLC
Bought with:
Non Member
NON-MEMBER OFFICE
Source: CPAR,MLS#: 776857
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, Primary Bedroom, Other
Primary bedroom
- Level: Second
- Dimensions: 13.3 x 18.4
Bedroom
- Level: Second
- Dimensions: 9 x 11
Other
- Features: Balcony
- Level: Basement
- Dimensions: 9 x 11
Other
- Features: Balcony
- Level: Basement
- Dimensions: 7.5 x 11
Heating
- Central
Cooling
- Central Air
Features
- Interior Steps
Interior area
- Total structure area: 1,706
- Total interior livable area: 1,706 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Covered, Patio
- Fencing: Partial
- On waterfront: Yes
- Waterfront features: Bayou
Lot
- Size: 0.4 Acres
- Dimensions: 33 x 88 x 38 x 50 x 58 x 17 x 77
- Features: Sprinkler System
Details
- Parcel number: 06616708000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Shadow Bay Unit 5
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $233/sqft
- Tax assessed value: $30,500
- Annual tax amount: $100
- Date on market: 7/29/2025
- Cumulative days on market: 240 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2026 | Sold | $398,000$233/sqft |
Source:  CPAR #776857 Report a problem | ||
| 3/27/2026 | Pending sale | $398,000$233/sqft |
Source: CPAR #776857 Report a problem | ||
| 12/10/2025 | Price change | $398,000-1.7%$233/sqft |
Source: CPAR #776857 Report a problem | ||
| 11/18/2025 | Price change | $405,000-3.6%$237/sqft |
Source: CPAR #776857 Report a problem | ||
| 7/29/2025 | Listed for sale | $420,000$246/sqft |
Source: CPAR #776857 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $396 +12.1% | $27,830 +10% |
| 2023 | $353 +18.9% | $25,300 +10% |
| 2022 | $297 | $23,000 |
| 2021 | -- | -- |
| 2020 | $265 +11% | $19,653 +10% |
| 2019 | $239 | $17,866 |
| 2018 | $239 +4.6% | $17,866 +1.9% |
| 2017 | $228 -1.8% | $17,540 +0.3% |
| 2016 | $233 -4.3% | $17,488 +1% |
| 2015 | $243 | $17,316 +0.5% |
| 2014 | $243 | $17,230 |
Find assessor info on the county website
Neighborhood: 32404
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Nearby schools
GreatSchools rating
- 6/10Callaway Elementary SchoolGrades: PK-5Distance: 0.7 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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- Florida
- Bay County
- Callaway
- 32404
- 516 William Way
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