3534 Treasure Circle, Panama City, FL 32408 (MLS# 792578)

List Price/SqFt: 368.09

Status: Under Contract - Taking Backups

List Date: 2026-07-09

List Price: $999,000

Current Price: $999,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: From Navy Blvd. turn west onto Trelawney Ave., then turn right onto Treasure Circle. Driveway to the home will be on the right at the first curve.

Area: 03 - Bay County - Beach

Street #: 3534

Street Name: Treasure

Street Suffix: Circle

State: FL

Zip Code: 32408

County: Bay

Subdivision: Hampton Harbor

Parcel ID: 31430-030-000

Legal Description: HAMPTON HARBOUR 70B1 LOT 3 ORB 3804 P 1404

Acreage: 0.14

Design: West Indies

Lot Size (SqFt): 6229

Apx SqFt(Htd/Cooled): 2714

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 2

Lot Dimensions: 48.0 ft x 130.0 ft

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Driveway Spaces: 2

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 4

Total Baths: 5

Year Built: 2003

HOA Fee: No

New Buyer Fee: No

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: *CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS* Waterfront homes with deep-water Gulf access are uncommon. A waterfront home built with Insulated Concrete Form (ICF) construction is a rare opportunity. Set on 52 feet of direct waterfront along Lower Grand Lagoon, this thoughtfully updated 4-bedroom, 4.5-bath residence offers 2,714 square feet designed for boating, entertaining, and everyday coastal living. Built with exceptional strength, energy efficiency, and storm resilience, this home combines quality construction with one of Panama City Beach's most desirable waterfront settings. Unlike many waterfront homes, this property offers a floor plan designed with privacy in mind. Each of the four spacious bedrooms features its own ensuite bathroom and private balcony, creating comfortable accommodations for owners and guests alike. The updated kitchen showcases quartz countertops, new and refinished cabinetry, a bold navy island, stainless steel appliances, and generous storage. The primary suite overlooks the lagoon and includes a sitting area, a walk-in closet, a private balcony, and a beautifully renovated bathroom completed in 2025. One secondary ensuite bathroom was also renovated in 2025, complementing the home's timeless finishes, including tile flooring throughout the main living areas and bamboo hardwood in select upstairs spaces. Recent improvements provide confidence for the next owner, including a 2019 roof, two HVAC systems installed in 2019, a 2025 renovation of the kitchen, primary bathroom, and one secondary ensuite bathroom, a saltwater pool deck resurfaced with a premium RevaFlex Limestone finish completed in 2026. These thoughtful investments allow the next owner to spend more time enjoying the home and less time planning future projects. Life here revolves around the water. Begin the day with coffee on the covered veranda as the sun rises over Lower Grand Lagoon, launch a paddleboard or kayak from your backyard, spend the afternoon boating to Shell Island or one of the area's favorite waterfront restaurants, then return home for a swim in the pool before heading back out for an evening cruise. Dolphins are frequent visitors, anglers regularly catch speckled trout, redfish, mangrove snapper, flounder, and mullet in the surrounding waters, and seasonal Grand Lagoon fireworks can often be enjoyed from the property. The property does not have a dock yet, offering a future owner the opportunity to design and install one tailored to their boating needs, subject to applicable permitting and approvals. Deep-water Gulf access makes this an exceptional setting for those who enjoy spending time on the water. Additional features include a two-car garage, no HOA, sprinkler system, and a location just minutes from St. Andrews State Park, Shell Island, marinas, shopping, dining, Naval Support Activity Panama City, Tyndall Air Force Base, and Northwest Florida Beaches International Airport (ECP). Short-term rentals are currently permitted in this area; however, this home has been enjoyed as a primary residence and has not been operated as a vacation rental. Buyers should verify current regulations and intended use. Some homes offer waterfront views. This home offers a waterfront lifestyle built around quality construction, thoughtful updates, and easy access to everything that makes Lower Grand Lagoon special. Whether you're boating to Shell Island, casting a line from your backyard, enjoying the morning sunrise over the lagoon, or relaxing beside the saltwater pool, this home is designed to be lived in and enjoyed for years to come. Strong construction. Deep-water Gulf access. Thoughtful updates. Exceptional waterfront living. Opportunities to own an ICF-built home on Lower Grand Lagoon are rare.

First: 1

Fenced: 1

Inground: 1

Saltwater: 1

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Oven - Double: 1

Oven - Electric: 1

Range Hood: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Wine Cooler: 1

Breakfast Bar: 1

Ceiling - Crwn Molding: 1

Ceiling - Raised: 1

Floor - Tile: 1

Kitchen Island: 1

Lighting - Recessed: 1

Lock Out Closet: 1

Pantry: 1

Split Bedroom: 1

Window - Treatment All: 1

Concrete: 1

Foundation - Off Grade: 1

Roof - Dimensional Shg: 1

Siding - Stucco: 1

Balcony: 1

Columns: 1

Deck Covered: 1

Double Pane Windows: 1

Fenced Lot-All: 1

Fenced Privacy: 1

Shower: 1

Patio Covered: 1

Porch Covered: 1

Sprinkler System: 1

Storm Windows: 1

Shore - Natural: 1

Shore - Seawall: 1

Waterfront Feet: 52

Cash: 1

Conventional: 1

Unfurnished: 1

Floor - Carpet: 1

First: 1

First: 1

Flood Insurance Req: 1

Improved Lots: 1

Landscaped: 1

Subdivision - Recorded: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

Paved Road: 1

Private Road: 1

Driveway: 1

Garage Attached: 1

Resid Single Family: 1

Bedroom: 1

Dining Room: 1

Kitchen: 1

Living Room: 1

Primary Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Internet - Broadband Available: 1

Lift Station: 1

Phone - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Lagoon: 1

Unobstructed: 1

As Is: 1

Lagoon/Estuary: 1

Second: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Heat Pump: 1

Central: 1

Electric: 1

Heat Pump: 1

MBath Double Vanity: 1

MBath Separate Shwr: 1

MBath Tub - Soaking: 1

MBath Walk-In Closet: 1

MBed Balcony: 1

MBed Sitting Area: 1

MBed Waterfront: 1

Smoke Detector(s): 1

Under Contract Date: 2026-07-14