505 Beulah Avenue, Panama City, FL 32404 (MLS# 791093)

List Price/SqFt: 321.88

Status: Active

List Date: 2026-06-05

List Price: $899,000

Current Price: $899,000

Sub Area: 0319 - Beach - East

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Callaway

Middle School: Rutherford Middle

High School: Rutherford

Directions: From the intersection of Highway 22 and Star Avenue, travel south on Star Avenue. Turn right on Cherry Street, then left on Beulah Avenue. Follow Beulah Avenue south to 505.

Area: 05 - Bay County - East

Street #: 505

Street Name: Beulah

Street Suffix: Avenue

State: FL

Zip Code: 32404

County: Bay

Subdivision: Callaway

Parcel ID: 06720-000-000

Legal Description: CALLAWAY PLAT 132A3 LOTS 11 TO 15 INC & W1/2 OF ALLEY ADJ & LOTS 19 TO 11 INC & E1/2 OF ALLEY ADJ & ELY EXT OF LOTS 19 & 20 TO BAYOU BLK 1 ORB 4824 P 1722

Acreage: 1.17

Design: Ranch

Lot Size (SqFt): 50965

Apx SqFt(Htd/Cooled): 2793

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 2

Lot Dimensions: 155.0 ft x 330.0 ft

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 3

Total Baths: 4

Year Built: 1973

HOA Fee: No

New Buyer Fee: No

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: Welcome to 505 Beulah Avenue, a spectacular waterfront retreat nestled on a rare, sprawling 1.17 acre lot in the heart of Callaway. If you have been searching for the perfect blend of modern luxury, deep water access, and income producing potential, this completely remodeled estate delivers on every front. Strategically located just moments from local shopping and dining, the property offers a highly convenient lifestyle while positioning you perfectly to capitalize on the exciting coming revival and commercial growth of the Callaway area. No detail was spared in this top to bottom transformation. The main residence boasts a light filled, open concept floor plan designed to capture stunning water views. High end finishes, modern flooring, and a chef inspired kitchen make this home an entertainer's dream. Retreat to the private upstairs master suite, which serves as your own personal sanctuary. This gorgeous space features a brand new private deck, offering breathtaking, panoramic views of East Bay the absolute perfect spot for morning coffee or unwinding at sunset. A standout feature of this property is the completely separate, fully permitted living space. Featuring its own independent access, full bathroom, and fully equipped kitchen, this space is perfectly positioned to be utilized as a highly lucrative Short Term Rental (STR), a private mother in law suite, or a guest house. With Callaway's favorable rental flexibility, you can let your property pay for itself from day one. Step outside into your own private coastal playground. With over an acre of cleared, prime land leading down to the serene waters of East Bay, you have direct, deep water access out to St. Andrews Bay and the Gulf. The property features its own small backyard ramp, making it incredibly easy to launch kayaks, paddleboards, or jet skis. For larger vessels, you are located a mere 150 yards from the public boat ramp at John B. Gore Park, making heavy trailering completely effortless. The expansive lot offers the ultimate footprint for customization, featuring a perfect building site with incredible water views to add a separate detached building for hobbies, an art studio, or the ultimate entertainment pavilion. Whether you are hitting the open water for a day of world class fishing, parking an RV, or building your dream detached workshop, this estate offers a waterfront lifestyle that is increasingly hard to find. Do not miss the opportunity to own a fully updated, income generating piece of Florida waterfront. Schedule your private tour today!

Cooktop - Electric: 1

Range - Electric: 1

Refrigerator: 1

Water Heater - Tankless: 1

Floor - Vinyl Plank: 1

Stairs: 1

Block: 1

Balcony: 1

Deck Open: 1

Boat Launch: 1

Dock: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Unfurnished: 1

Smart Thermostat: 1

First: 1

First: 1

Sloping: 1

Waterfront: 1

City Street: 1

Garage Attached: 1

Resid Single Family: 1

Kitchen: 1

Living Room: 1

Primary Bathroom: 1

Primary Bedroom: 1

Private Well: 1

Public Sewer - Connected: 1

Bayou: 1

As Is: 1

Bay/Harbor: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Multi Units: 1

Central: 1

MBath Shower Only: 1

MBath Walk-In Closet: 1

MBed Balcony: 1

Second: 1