4805 Sunset Drive, Panama City, FL 32404 (MLS# 788836)

Homestead: Yes

HOA Fee: No

New Buyer Fee: No

Last Taxes: 5437

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

List Price/SqFt: 262.44

Status: Active

List Date: 2026-04-23

List Price: $580,000

Current Price: $580,000

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Tyndall

Middle School: Rutherford Middle

High School: Rutherford

Directions: South on Tyndall Parkway, left on Soule Dr, Left on Stratford, right on Sharon, right on Sunset. House on right on water.

Area: 02 - Bay County - Central

Street #: 4805

Street Name: Sunset

Street Suffix: Drive

State: FL

Zip Code: 32404

County: Bay

Subdivision: Donalson Point

Parcel ID: 26146-000-000

Legal Description: 3RD AMENDED PLAT PT DONALSON LOT 6 & EXT OF LINE 6 THRU BLK 13 TO PARKER BAYOU BLK 7 ORB 4354 P 895 -(6.05)-119D3-

Acreage: 0

Design: Ranch

Lot Size (SqFt): 0

Apx SqFt(Htd/Cooled): 2210

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 1

Pre-Const Flip: No

Lot Dimensions: 100x200

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Beach Frontage: 100

Driveway Spaces: 2

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 2

Total Baths: 2

Year Built: 1965

Remarks: Motivated Seller - Rare Waterfront Opportunity Under $600k! Bring All Reasonable Offers! Imagine owning your own slice of waterfront paradise on nearly half an acre in the serene, tree-lined East Side Cove of Donalson Point, Panama City -- priced under $600k. This charming all-brick ranch-style home offers 4 bedrooms, 2 bathrooms, and 2,210 sq ft with protected cove waterfront access and a seawall -- perfect for boating enthusiasts and weekend captains. You'll love private ownership of part of the island across the cove -- ideal for family picnics, pirate adventures with the kids, or your own private beach escape. Boaters enjoy sheltered bayou/bay access. Reach open Gulf waters in 15-20 minutes or launch from the nearby public ramp. You're only 5 minutes from Callaway and Tyndall AFB and 15 minutes from Mexico Beach's sugar-white sands. This is an entertainer's dream and a lucrative short-term rental with no restrictions. The seller is open to a fully furnished sale -- completely turnkey for immediate living or instant income. The standout Florida room features floor-to-ceiling windows and panoramic water views. Cozy up by the fireplace or watch boats and wildlife pass by. Outside, enjoy daily Florida living: stunning sunsets, fire pit nights with s'mores and stories, and a large fenced yard perfect for play, gardening, or future dock ideas. Includes a 2-car garage and paved driveway. Waterfront homes under $600k with private island access here are rare and sell fast. Whether you want a primary home, weekend getaway, or investment, this gem delivers lifestyle, location, and serious value right now. Don't miss it -- schedule your showing today and start making memories on the water before it's gone!

Microwave: 1

Range Hood: 1

Refrigerator: 1

Washer: 1

Floor - Laminate: 1

Kitchen Island: 1

Foundation - Slab on Grade: 1

Roof - Composite Shngl: 1

Fenced Back Yard: 1

Fenced Chain Link: 1

Fire Pit: 1

Porch Covered: 1

Shore - Seawall: 1

Cash: 1

Conventional: 1

FHA: 1

USDA: 1

VA: 1

Negotiable: 1

Bunk Room: 1

Waterfront: 1

City Street: 1

Garage Attached: 1

Paved: 1

City: 1

Boat Launch: 1

Bedroom: 1

Master Bedroom: 1

TV Cable: 1

Garbage: 1

Internet - Broadband Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Bay: 1

Bayou: 1

As Is: 1

Bay/Harbor: 1

Bayou w/ Gulf Access: 1

First: 1

First: 1

Central Air: 1

Central: 1