Canal-front living and direct Gulf access define this exceptional residence at 523 Wahoo Road in Panama City Beach. Ideally positioned along a wide canal within the highly sought-after gated community of Bay Point, this 4-bedroom, 3-bath home offers approximately 2,820 square feet designed for relaxed coastal living and effortless boating convenience.
The main living spaces are thoughtfully oriented to capture tranquil water views, with expansive windows and seamless access to the outdoor entertaining areas. A spacious design connects both living rooms, dining area, and kitchen, creating an inviting atmosphere ideal for both everyday living and entertaining. The distinctive sunken living rooms add architectural character and warmth, offering a comfortable gathering space with timeless appeal.
The kitchen provides generous counter space, ample storage, and a functional layout suited for everything from casual mornings to hosting family and guests. The primary suite is privately situated away from the secondary bedrooms and features water views, generous closet space, and an en suite bath designed for comfort and privacy.
Three additional bedrooms and two full baths provide flexibility for guests, a home office, or additional living space, making the home equally suited as a primary residence or coastal retreat.
Outdoor living is central to the experience of this property. The canal-front setting offers direct access to the Gulf of Mexico, making it ideal for boating, fishing, and exploring the surrounding waterways. The outdoor space provides room to relax, dine, and enjoy the peaceful waterfront setting year-round.
Located within the established marina community of Bay Point, residents enjoy gated security, golf, tennis, nearby dining, and convenient access to the beaches and amenities of Panama City Beach, all while maintaining the privacy and tranquility of waterfront living.
523 Wahoo Road presents a rare opportunity to enjoy spacious canal-front living with direct Gulf access in one of Panama City Beach's most established coastal communities.
For sale
$1,070,000
523 Wahoo Rd, Panama City Beach, FL 32408
4beds
2,820sqft
Single Family Residence
Built in 1980
10,018 Square Feet Lot
$987,800 Zestimate®
$379/sqft
$-- HOA
What's special
Direct gulf accessWide canalExpansive windowsCanal-front living
- 20 days |
- 2,169 |
- 110 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer L Drew 850-358-3892,
Corcoran Reverie,
Kelly P Jenkins 850-714-7020,
Corcoran Reverie
Source: CPAR,MLS#: 790307
Originating MLS: Central Panhandle Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Dining Room, Family Room, Kitchen, Living Room
Dining room
- Description: None
- Level: First
- Dimensions: 18 x 12
Family room
- Description: None
- Level: First
- Dimensions: 18 x 13
Kitchen
- Description: None
- Level: First
- Dimensions: 18 x 12
Living room
- Description: None
- Level: First
- Dimensions: 18 x 12
Heating
- Central, Electric, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Bar Fridge, Electric Cooktop
Features
- Interior Steps
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 2,820
- Total interior livable area: 2,820 sqft
Property
Parking
- Total spaces: 2
- Parking features: Circular Driveway, Gated
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Deck, Patio
- Exterior features: Barbecue, Covered Patio, Deck, Dock, Patio, Fire Pit
- Has private pool: Yes
- Pool features: In Ground, Private
- Fencing: Partial
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal Access, Seawall
- Frontage length: 80'
Lot
- Size: 10,018 Square Feet
- Dimensions: 80 x 125
Details
- Parcel number: 30933409000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Fishing, Golf, Marina, Waterfront, Barbecue, Gated
- Security: Gated with Guard, Gated Community, 24 Hour Security, Security Guard, Security Gate, Security Service
- Subdivision: Bay Point Unit 1
HOA
- Has HOA: Yes
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $379/sqft
- Tax assessed value: $486,917
- Annual tax amount: $3,868
- Date on market: 5/23/2026
- Cumulative days on market: 360 days
- Electric utility on property: Yes
Estimated market value
$987,800
$938,000 - $1.04M
$3,600/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2026 | Listed for sale | $1,070,000-3.6%$379/sqft |
Source: | ||
| 5/17/2026 | Listing removed | $1,110,000$394/sqft |
Source: | ||
| 4/24/2026 | Price change | $1,110,0000%$394/sqft |
Source: | ||
| 3/31/2026 | Listed for sale | $1,110,500$394/sqft |
Source: | ||
| 2/16/2026 | Listing removed | $1,110,500$394/sqft |
Source: | ||
| 1/7/2026 | Price change | $1,110,500+0%$394/sqft |
Source: | ||
| 11/3/2025 | Price change | $1,110,000-7.3%$394/sqft |
Source: | ||
| 8/27/2025 | Price change | $1,198,000-0.1%$425/sqft |
Source: | ||
| 7/24/2025 | Price change | $1,199,000-4.1%$425/sqft |
Source: | ||
| 5/8/2025 | Listed for sale | $1,250,000+242.5%$443/sqft |
Source: | ||
| 10/25/2011 | Sold | $365,000-11%$129/sqft |
Source: Public Record Report a problem | ||
| 10/7/2011 | Listed for sale | $410,000$145/sqft |
Source: Counts Real Estate Group #500664 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,749 +1.6% | $341,041 +3% |
| 2023 | $3,692 +10.7% | $331,108 +2.5% |
| 2022 | $3,335 | $322,964 |
| 2021 | -- | -- |
| 2020 | $3,343 +1.4% | $309,228 +2.3% |
| 2019 | $3,297 | $302,276 +1.9% |
| 2018 | $3,297 +0.5% | $296,640 +2.1% |
| 2017 | $3,280 +1.6% | $290,539 -0.4% |
| 2016 | $3,230 -4.5% | $291,705 +0.5% |
| 2015 | $3,384 | $290,256 -1.6% |
| 2014 | $3,384 | $294,907 -1.2% |
| 2013 | -- | $298,369 -3.2% |
| 2012 | -- | $308,136 +32% |
| 2011 | -- | $233,439 +2.2% |
| 2010 | -- | $228,414 +2.7% |
| 2009 | -- | $222,409 +0.1% |
| 2008 | -- | $222,187 +3% |
| 2007 | -- | $215,716 +2.5% |
| 2006 | -- | $210,455 +3% |
| 2005 | -- | $204,325 +3% |
| 2004 | -- | $198,374 +2.7% |
| 2003 | -- | $193,203 +2.4% |
| 2002 | -- | $188,675 +1.6% |
| 2001 | -- | $185,704 +3% |
| 2000 | -- | $180,301 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Upper Grand Lagoon
Nearby schools
GreatSchools rating
- 8/10Patronis Elementary SchoolGrades: K-5Distance: 1.9 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.7 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 5.7 mi
Schools provided by the listing agent
- Elementary: Patronis
- Middle: Surfside
- High: Arnold
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.
A local lender can help you make sure your offer is ready when you are.
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