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New construction
    • Price cut: $5K (7/23)
    $235,000

    517 N Gray Ave, Panama City, FL 32401

    3beds
    1,172sqft
    : 
    $1,508/mo
    Get pre-qualified
    Single Family Residence
    Built in 2026
    6,534 Square Feet Lot
    $234,200 Zestimate®
    $201/sqft
    $-- HOA

    What's special

    Mature pear treeCustom accent wallOpen-concept floor planUpscale finishesFresh grassAbundant natural light throughoutContemporary design elements
    MOTIVATED SELLER!! ATTRACTIVE AND AFFORDABLE HOME NEAR TYNDALL AFB! Living life in the heart of panama city doesn't get more affordable than this! Welcome to 517 N Gray Avenue, a beautifully brand new construction built in 2026 home offering the perfect blend of modern comfort and timeless charm in the heart of Panama City. Whether you're searching for a primary residence, first-time home, or investment opportunity, this move-in-ready property is sure to impress. Step inside to discover a bright, inviting floor plan featuring spacious living areas, abundant natural light, and stylish finishes throughout. The thoughtfully designed kitchen offers ample cabinetry and workspace, making meal preparation and entertaining a breeze. Comfortable bedrooms provide peaceful retreats, while the updated bathroom(s) add both style and functionality. Outside, enjoy a generous yard with plenty of room for outdoor entertaining, gardening, pets, or future additions.Includes Samsung appliances, 65' TV with a custom accent wall, and foam roof for energy efficiency. Newly landscaped yard with fresh grass and a mature pear tree. Conveniently located just minutes from downtown Panama City, local shopping, dining, schools, parks, and a short drive to the white sandy beaches of the Gulf Coast, this home offers both convenience and lifestyle. Don't miss your opportunity to own this charming Panama City property. Schedule your private showing today!
    72 days
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    322
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    Zillow last checked:

    Listing updated:

    Listed by:

    Shari Steele 850-890-2555,

    Chesnut Realty, Inc

    Source: CPAR,MLS#: 790619MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Primary Bedroom
      Primary bedroom
      • Description: verified if important
      • Level: First
      • Dimensions: 11 x 6
      Bedroom
      • Description: verified if important
      • Level: First
      • Dimensions: 10 x 8
      Bedroom
      • Description: verified if important
      • Level: First
      • Dimensions: 10 x 6
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range
      Features
      • Main Level Primary, Shower Only
      Interior area
      • Total structure area: 1,172
      • Total interior livable area: 1,172 sqft

      Property

      Features
      • Patio & porch: Patio, Covered, Open, Porch
      • Exterior features: Patio
      Lot
      • Size: 6,534 Square Feet
      • Dimensions: 47 x 144
      Details
      • Parcel number: 22633015000
      • Zoning description: Resid Single Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Florida
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      • Foundation: Slab
      • Roof: Shake
      Condition
      • New construction: Yes
      • Year built: 2026

      Utilities & green energy

      • Utilities for property: Electricity Available, Sewer Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: Pine Crest Add To Callaway
      HOA
      • Has HOA: No
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $201/sqft
      • Tax assessed value: $37,270
      • Annual tax amount: $263
      • Date on market: 6/1/2026
      • Cumulative days on market: 54 days
      • Electric utility on property: Yes

        Estimated market value

        $234,200

        $222,000 - $246,000

        $1,975/mo

        Price history

        DateEventPrice
        7/23/2026Price change$235,000-2.1%$201/sqft
        Source: CPAR #790619 Report a problem
        6/22/2026Price change$240,000-2%$205/sqft
        Source: CPAR #790619 Report a problem
        6/19/2026Price change$245,000-1.6%$209/sqft
        Source: CPAR #790619 Report a problem
        6/17/2026Price change$248,900-0.4%$212/sqft
        Source: CPAR #790619 Report a problem
        6/1/2026Listed for sale$250,000+15.5%$213/sqft
        Source: CPAR #790619 Report a problem
        3/19/2026Sold$216,500-1.6%$185/sqft
        Source: Public Record Report a problem
        11/24/2025Listed for sale$220,000+633.3%$188/sqft
        Source: CPAR #782026 Report a problem
        9/18/2024Sold$30,000+1566.7%$26/sqft
        Source: Public Record Report a problem
        3/17/2015Sold$1,800-98%$2/sqft
        Source: Public Record Report a problem
        9/21/2009Sold$90,000$77/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$576 -16.3%$33,780 +10%
        2023$688 +8.3%$30,709 +7.3%
        2022$635 $28,615
        2021-- --
        2020$626 +46.1%$27,359 +3.2%
        2019$429 $26,522 +5.6%
        2018$429 +12.7%$25,126
        2017$380 +1%$25,126
        2016$377 -26.3%$25,126 -56.2%
        2015$511 $57,402 -20.3%
        2014$511 $72,007 -2.1%
        2013-- $73,519
        2012-- $73,519 -1.1%
        2011-- $74,309 -0.1%
        2010-- $74,394 +59%
        2009-- $46,802 +0.1%
        2008-- $46,755 +3%
        2007-- $45,393 +2.5%
        2006-- $44,286 +3%
        2005-- $42,995 +3%
        2004-- $41,743 +1.9%
        2003-- $40,965 +35.7%
        2002-- $30,178 +26.3%
        2001-- $23,893 -0.3%
        2000-- $23,967
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 32401

        Getting around

        67 / 100
        Somewhat Walkable
        22 / 100
        Minimal Transit
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Cherry Street
        • 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.

        A local agent can set up tours, give advice and negotiate with sellers.

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