203 George C Wallace Boulevard, Panama City Beach, FL 32413 (MLS# 796347)

Acreage: 0.07

Design: Beach House

Lot Size (SqFt): 3049

Apx SqFt(Htd/Cooled): 2904

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 2

Accessory Dwelling Unit: No

Lot Dimensions: 50.0 ft x 65.0 ft

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 5

Full Baths: 4

Total Baths: 4

Year Built: 2024

List Price/SqFt: 499.31

Status: Active

List Date: 2026-10-06

List Price: $1,450,000

Current Price: $1,450,000

Sub Area: 0324 - Beach - West Central

Community/Resort: Laguna Beach

Waterfront: Yes

Gulf Access: No

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: From Inlet Beach, head east on Highway 98 (Panama City Beach Parkway). Turn right onto George C. Wallace Boulevard. The home is the last blue house on the right in the cul-de-sac.

Area: 03 - Bay County - Beach

Street #: 203

Street Name: George C Wallace

Street Suffix: Boulevard

State: FL

Zip Code: 32413

County: Bay

Subdivision: Laguna Beach 8th Add

Parcel ID: 38173-010-000

Legal Description: LAGUNA BEACH 8TH ADD LOT 18 BLK M ORB 4596 P 2271

HOA Fee: No

New Buyer Fee: No

Last Taxes: 7304.9

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: With the lake stretching beyond the backyard and glimpses of the gulf from both levels, this custom-built 2024 home creates a coastal setting that feels connected to the water from nearly every angle. Designed with equal attention to entertaining, everyday comfort and investment potential, the five-bedroom, four-bath residence pairs generous indoor living spaces with a private heated pool, outdoor summer kitchen and public beach access just 1,100 feet away. Inside, the open main living area brings the kitchen, dining and gathering spaces together with an easy flow to the outdoor areas. The designer kitchen features custom cabinetry, stainless steel appliances, and a dedicated wine bar, creating a polished centerpiece for entertaining. Custom tile work and carefully selected finishes continue throughout the home, while a seven-zone Sonos audio system extends from the interiors to the pool and outdoor living spaces. The first floor offers valuable flexibility for guests with a bedroom, full bath, and a custom bunk room well suited for larger groups. Upstairs, the primary suite opens directly to a spacious balcony overlooking the lake with views toward the gulf. A second king bedroom also enjoys balcony access and water views, while additional guest accommodations provide privacy with ensuite or conveniently located baths. A spacious second living area, complete with a queen sleeper and 75-in. television, gives owners and guests another place to gather or unwind. Outside, the heated in-ground pool anchors a private retreat designed for use well beyond the summer months. The summer kitchen makes outdoor dining and entertaining effortless, while built-in Sonos speakers and an outdoor television carry the home's entertainment features poolside. The lakefront setting adds an open-water backdrop, yet the gulf is still close at hand with public beach access less than a quarter mile away. The surrounding area is also golf-cart friendly, adding another convenient way to reach the beach and nearby destinations. Offered fully furnished, the home is positioned for immediate enjoyment as a primary residence, second home or vacation rental. Current rental projections are approximately $110,000, adding an income component to an already compelling coastal property. An estimated first-year bonus depreciation of approximately $296,380 may provide an additional consideration for qualifying investment buyers, subject to individual tax circumstances and professional tax guidance. With lake frontage, gulf views, a private pool and extensive indoor-outdoor entertainment features, this furnished home offers a distinctly versatile approach to coastal ownership.

Second: 1

First: 1

First: 1

Heated - Gas: 1

Inground: 1

Saltwater: 1

Dishwasher: 1

Microwave: 1

Range - Electric: 1

Range Hood: 1

Refrigerator: 1

Water Heater - Electric: 1

Wine Cooler: 1

Breakfast Bar: 1

Ceiling - Beamed: 1

Floor - Tile: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Lighting - Recessed: 1

Stairs: 1

Foundation - Slab on Grade: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Balcony: 1

Built-in Barbecue/Grill: 1

Deck Covered: 1

Fenced Back Yard: 1

Shower: 1

Patio Covered: 1

Cash: 1

Conventional: 1

Furnished: 1

Bonus Room: 1

Bunk Room: 1

Ceiling - Tray: 1

First: 1

First: 1

Corner Lot: 1

Near Beach Access: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

Driveway: 1

Balcony: 1

Bedroom: 1

Bunk Room: 1

Dining Room: 1

Full Bathroom: 1

Kitchen: 1

Living Room: 1

Primary Bathroom: 1

Primary Bedroom: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

Lake: 1

As Is: 1

First: 1

Second: 1

Lakefront: 1

Second: 1

First: 1

Second: 1

Central Air: 1

Central: 1

MBath Double Vanity: 1

MBath Shower Only: 1

MBath Walk-In Closet: 1

MBed Balcony: 1

MBed Waterfront: 1

Second: 1