UNDER CONTRACT. SELLER ACCEPTING BACKUP OFFERS. Waterfront Oasis with Deep Water Gulf Access - A Rare Find! Welcome to your waterfront dream home at 7734 Shadow Bay Drive, where breathtaking bayou views, deep water access to the Gulf of Mexico, and modern updates come together in perfect harmony. Nestled in a serene boating community, this three-bedroom, two-and-a-half-bathroom, two-story home with a bonus loft offers an exceptional coastal lifestyle.
Waterfront Home with Breathtaking Views & No Flood Zone Risk
Discover the perfect blend of luxury waterfront living and peace of mind at this stunning bayou-front home—not located within a flood hazard zone. Designed to maximize panoramic water views, this home offers breathtaking scenery from nearly every room. Whether you're enjoying the spacious living area, preparing meals in the well-equipped kitchen, or relaxing in the sunroom with floor-to-ceiling windows, the tranquil beauty of the bayou is always within sight.
The first-floor primary suite serves as a private retreat with a spa-like en-suite bath and a large walk-in closet, while the two upstairs bedrooms and bonus loft open to a private balcony overlooking the water—the perfect spot for enjoying coastal sunrises.
Modern Upgrades & Coastal Charm
Meticulously updated in 2020, this home includes:
- New flooring throughout for a fresh, modern look
- Energy-efficient windows to enhance natural light and views
- Durable Hardie board siding for longevity and low maintenance
- New roof for long-term security and peace of mind
- Fully renovated bathrooms with elegant finishes
The expansive sunroom with 10 oversized windows is ideal for morning coffee or evening relaxation. A spacious two-car garage with epoxy flooring, built-in shelving, and an EV charging setup adds convenience for modern living.
Prime Location - Coastal Living at Its Best
Ideally located near Tyndall Air Force Base, top-rated schools, shopping, dining, and outdoor recreation, this home provides the perfect balance of privacy and accessibility. Enjoy boating, fishing, and waterfront activities right from your backyard, with deep water access leading directly to East Bay and the Gulf of Mexico.
This is a rare opportunity to own a move-in-ready waterfront home in Panama City. Contact us today to schedule your private showing before it's gone.
Sold for $400,000
$400,000
7734 Shadow Bay Dr, Panama City, FL 32404
3beds
2,421sqft
Single Family Residence
Built in 1998
8,712 Square Feet Lot
$396,700 Zestimate®
$165/sqft
$2,357 Estimated rent
Home value
$396,700
$361,000 - $436,000
$2,357/mo
Zestimate® history
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Fully renovated bathroomsSpacious two-car garageNew roofPanoramic water viewsSunroom with floor-to-ceiling windowsBreathtaking bayou viewsEnergy-efficient windows
Zillow last checked:
Listing updated:
Listed by:
Rachel N Warrell 850-896-5899,
eXp Realty, LLC
Bought with:
Non Member
NON-MEMBER OFFICE
Source: CPAR,MLS#: 755608
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, Dining Room, Family Room, Primary Bedroom, Sunroom, Bonus Room
Primary bedroom
- Description: See floor plan
- Level: First
- Dimensions: 15.2 x 14.6
Bedroom
- Description: See floor plan
- Level: Second
- Dimensions: 14.4 x 12.1
Bonus room
- Description: See floor plan
- Level: Second
- Dimensions: 19.1 x 27.2
Dining room
- Description: See floor plan
- Level: First
- Dimensions: 14.11 x 11.2
Family room
- Description: See floor plan
- Level: First
- Dimensions: 16.2 x 18.3
Sunroom
- Description: See floor plan
- Level: First
- Dimensions: 26.8 x 11.5
Heating
- Central, Electric, Fireplace(s)
Cooling
- Central Air, Wall Unit(s), Zoned
Appliances
- Included: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Features
- Doors: Storm Door(s)
- Windows: Storm Window(s)
- Has fireplace: Yes
- Fireplace features: Electric
Interior area
- Total structure area: 2,421
- Total interior livable area: 2,421 sqft
Property
Parking
- Total spaces: 2
- Parking features: Electric Vehicle Charging Station(s)
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Deck
- Exterior features: Deck
- Pool features: Other, See Remarks
- Has view: Yes
- View description: Bayou, Other
- Has water view: Yes
- Water view: Bayou
- Waterfront features: Bayou
- Frontage length: 75
Lot
- Size: 8,712 Square Feet
- Dimensions: 57 x 156
- Features: Paved
Details
- Additional structures: See Remarks
- Parcel number: 06616622000
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Brick Veneer, HardiPlank Type
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Water Connected
Community & HOA
Community
- Subdivision: Shadow Bay Unt 3 & 4
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $165/sqft
- Tax assessed value: $382,858
- Annual tax amount: $1,515
- Date on market: 4/12/2024
- Cumulative days on market: 640 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Sold | $400,000-4.8%$165/sqft |
Source:  CPAR #755608 Report a problem | ||
| 1/15/2026 | Pending sale | $420,000$173/sqft |
Source: CPAR #755608 Report a problem | ||
| 12/18/2025 | Price change | $420,000-2.3%$173/sqft |
Source: CPAR #755608 Report a problem | ||
| 9/25/2025 | Price change | $430,000-14%$178/sqft |
Source: CPAR #755608 Report a problem | ||
| 3/28/2025 | Price change | $499,900-7.4%$206/sqft |
Source: CPAR #755608 Report a problem | ||
| 2/5/2025 | Price change | $540,000-0.9%$223/sqft |
Source: CPAR #755608 Report a problem | ||
| 10/8/2024 | Price change | $545,000-2.8%$225/sqft |
Source: CPAR #755608 Report a problem | ||
| 6/17/2024 | Price change | $560,900-1.2%$232/sqft |
Source: CPAR #755608 Report a problem | ||
| 5/3/2024 | Price change | $567,750-2.6%$235/sqft |
Source: CPAR #755608 Report a problem | ||
| 4/12/2024 | Listed for sale | $582,750$241/sqft |
Source: CPAR #755608 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,555 +2.6% | $153,647 +3% |
| 2023 | $1,515 +11.2% | $149,172 +3% |
| 2022 | $1,362 | $144,827 |
| 2021 | -- | -- |
| 2020 | $1,856 +85.9% | $138,668 +22.1% |
| 2019 | $998 | $113,558 -17.1% |
| 2018 | $998 -21.1% | $136,981 -3.1% |
| 2017 | $1,265 -7.7% | $141,359 -1.2% |
| 2016 | $1,370 -16.5% | $143,013 -7.5% |
| 2015 | $1,642 | $154,589 -1% |
| 2014 | $1,642 | $156,159 -9.5% |
| 2013 | -- | $172,619 -2.4% |
| 2012 | -- | $176,895 -1.9% |
| 2011 | -- | $180,276 -0.9% |
| 2010 | -- | $181,966 +0.8% |
| 2009 | -- | $180,517 +0.1% |
| 2008 | -- | $180,337 +3% |
| 2007 | -- | $175,084 +16.2% |
| 2006 | -- | $150,616 +3% |
| 2005 | -- | $146,229 +3.4% |
| 2004 | -- | $141,387 |
| 2003 | -- | $141,387 +10.6% |
| 2002 | -- | $127,818 |
| 2001 | -- | $127,818 +0.2% |
| 2000 | -- | $127,532 |
Find assessor info on the county website
Neighborhood: 32404
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10Callaway Elementary SchoolGrades: PK-5Distance: 0.6 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
- 7734 Shadow Bay Dr
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