517 Cove Villa Street, Panama City Beach, FL 32407 (MLS# 790954)

List Price/SqFt: 239.17

Status: Active

List Date: 2026-06-07

List Price: $399,900

Current Price: $399,900

Sub Area: 0321 - Beach - North Central

Community/Resort: None

Waterfront: No

Elementary School: Breakfast Point

Middle School: Breakfast Point

High School: Arnold

Directions: Heading West on Hwy 98 over the Hathaway Bridge turn right on Wildwood Road. Go to Emerald Cove and turn left. Traveling East on Hwy 98 take the Thomas Drive/ Navy Base exit. Turn left at light and then stay to right. Do not go over the bridge. At next Traffic light turn left onto Wildwood Rd. Emerald Cove is on the left. Model located at 310 Emerald Cove Street PCB FL 32407.

Area: 03 - Bay County - Beach

Street #: 517

Street Name: Cove Villa

Street Suffix: Street

State: FL

Zip Code: 32407

County: Bay

Subdivision: Emerald Cove Villas

Parcel ID: 27541-500-048

Legal Description: EMERALD COVE VILLAS LOT 24 ORB 4471 P 1206

Acreage: 0.11

Design: Beach House

Lot Size (SqFt): 4966

Apx SqFt(Htd/Cooled): 1672

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 50X100X50X100

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 2021

HOA Fee: Yes

HOA Amount: 600

HOA Frequency: Annually

HOA Annual Amount: 600

New Buyer Fee: No

Last Taxes: 2775

Last Tax Year: 2025

Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.

As Is: No

Remarks: Great Primary Residence or Short-Term Rental Opportunity in Panama City Beach! This beautifully upgraded 2021 3BR/2BA home offers a split floor plan with tray ceilings in the living room and master suite. Recent updates include new LVP flooring, quartz countertops throughout, tile backsplash, new refrigerator and stove, shiplap electric fireplace, fresh paint, recessed lighting, upgraded plumbing fixtures, and door hardware. Custom wooden shelving has been added to all closets and the pantry for excellent organization and storage. The home is pre-wired for two Tesla chargers and sits on a small, low-maintenance yard with new Zoysia grass and palm trees. Additional storage is available above the garage. As a 2021 build, it benefits from some of the lowest insurance premiums on the beach along with a newer roof, AC, and major systems. The community features one of the lowest HOA fees in the area and includes a dog park. Located less than 1 mile from the marina with boat slips and launch, Navy base, and sports complex, this home is just 3 miles from the Gulf beaches. The nearby sports complex drives strong rental demand from traveling baseball teams and tournaments. Perfect as a personal beach home or for generating income, with a projected annual gross rental income of $42,000. This is a move-in ready gem--reach out today for more details or to schedule a showing!

First: 1

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Water Heater - Electric: 1

Ceiling - Vaulted: 1

Floor - Laminate: 1

Kitchen Island: 1

Pantry: 1

Security System: 1

Split Bedroom: 1

Roof - Composite Shngl: 1

Roof - Shingle/Shake: 1

Siding - Hardie Board: 1

Patio Covered: 1

Porch Covered: 1

Sprinkler System: 1

Other - See Remarks: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Partially: 1

Floor - Carpet: 1

First: 1

Subdivision - Recorded: 1

City Street: 1

Driveway: 1

Garage Attached: 1

Resid Single Family: 1

Other - See Remarks: 1

Bedroom: 1

Dining Room: 1

Living Room: 1

Public Sewer - Connected: 1

First: 1

Central Air: 1

Central: 1

MBath Double Vanity: 1

MBath Separate Shwr: 1

MBath Tub - Soaking: 1

MBed First Floor: 1

MBed Walk-in Closet: 1