5 Blue Crab Lane, Panama City Beach, FL 32413 (MLS# 780535)

List Price/SqFt: 597.29

Status: Active

List Date: 2025-10-16

List Price: $2,950,000

Current Price: $2,950,000

Sub Area: 0322 - Beach - North West

Community/Resort: None

Waterfront: Yes

Gulf Access: No

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: From Hwy. 98, take Gainous Rd. north, then right on Lakeview Drive. Blue Crab Lane entrance will be on the left.

Area: 03 - Bay County - Beach

Street #: 5

Street Name: Blue Crab

Street Suffix: Lane

State: FL

Zip Code: 32413

County: Bay

Subdivision: Palmetto Bluff

Parcel ID: 35277-010-000

Legal Description: 33 2S 17W -5.1- 12C BEG 283.70' E & 320' N OF SW COR OF GOVT LOT 2 TH W 50' N 291.01' M/L TO LAKE POWELL ELY ALG LAKE 210' S 164' W 50' S 80' W 100' TO POB LESS -5.1A- (SUBJ TO ESMT ORB 3441 P 301) ORB 3441 P 302

Acreage: 0.9

Design: Craftsman Style

Lot Size (SqFt): 39204

Apx SqFt(Htd/Cooled): 4939

Construction Status: Construction Complete

SqFt Source: An Appraiser

Lot Dimensions: 150 x 247

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 5

Total Baths: 5

Year Built: 1987

HOA Fee: Yes

HOA Amount: 900

HOA Frequency: Annually

HOA Annual Amount: 900

New Buyer Fee: No

Last Taxes: 8049

Last Tax Year: 2024

Brokerage Interest: Equitable Interest - Listing Broker/Salesperson has equitable interest in the property.

Remarks: Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach. Inside, you'll find an open gourmet kitchen and working pantry that connects easily to the main living areas, a custom fireplace, and plenty of natural light. Spacious bedrooms throughout the home provide flexibility for family and guests, and the expansive third-floor deck has the best views on the lake. With its own private dock, the lake becomes an extension of the backyard. Step outside to enjoy the screened pool, large deck, boat slip, and parking for up to ten vehicles. Recent updates include a new roof in 2025 and a heated and cooled garage. With exquisite craftsmanship throughout and panoramic lake views from nearly every vantage point, this property is a rare gem for discerning buyers seeking coastal elegance and lakefront living. Located in the gated community of Palmetto Bluff, residents enjoy a large neighborhood green space and community dock. Recently appraised at $4.2 million, this home is priced to sell.

Second: 1

Screened In: 1

Refrigerator: 1

Fireplace: 1

Deck Open: 1

Boat Slip: 1

Security: 1

Negotiable: 1

Second: 1

Second: 1

Landscaped: 1

Private Road: 1

Garage Attached: 1

Bedroom: 1

Family Room: 1

Kitchen: 1

Living Room: 1

Electricity - Availabile: 1

Lake: 1

As Is: 1

Lakefront: 1

Second: 1

Third: 1

Central Air: 1

Electric: 1