518 Bunkers Cove Road, Panama City, FL 32401 (MLS# 791000)

List Price/SqFt: 712.5

Status: Active

List Date: 2026-05-29

List Price: $2,850,000

Current Price: $2,850,000

Sub Area: 0203 - Bay - Central SW

Community/Resort: Bunkers Cove

Waterfront: Yes

Gulf Access: Yes

Elementary School: Cherry Street

Middle School: Jinks

High School: Bay

Directions: South on Hwy 77 from 23rd st, follow Hwy 77 until you reach Bunkers Cove Rd and turn left. Home on the right

Area: 02 - Bay County - Central

Street #: 518

Street Name: Bunkers Cove

Street Suffix: Road

State: FL

Zip Code: 32401

County: Bay

Subdivision: Sudduths 6th Add

Parcel ID: 21352-000-000

Legal Description: TBD

Acreage: 0.8

Design: Mediterranean

Lot Size (SqFt): 34848

Apx SqFt(Htd/Cooled): 4000

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

Lot Dimensions: 134x269

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 4

Total Baths: 5

Year Built: 1940

HOA Fee: No

New Buyer Fee: No

Last Taxes: 0

Brokerage Interest: No Interest

Remarks: Experience timeless elegance and waterfront serenity in this extraordinary Mediterranean-inspired estate, perfectly positioned on a sprawling bayfront lot. From the moment you arrive, the home's graceful arches, warm architectural details, and inviting courtyard create an unforgettable first impression, setting the stage for a lifestyle defined by beauty, comfort, and coastal charm. Inside, the residence unfolds with refined sophistication. A spacious living room anchored by a stunning fireplace opens to breathtaking bay views, creating the perfect setting for both relaxed evenings and elegant entertaining. The formal dining room showcases exquisite custom plaster-finished walls, offering a rich and artistic backdrop for memorable gatherings. At the heart of the home, the chef's kitchen is as functional as it is beautiful, featuring a striking brick accent wall, double ovens, a gas range, and an oversized island with a butcher block top. Sunlit and inviting, the eat-in kitchen overlooks both the tranquil koi pond and the sparkling bay beyond, seamlessly blending indoor and outdoor living. Just off the kitchen, a cozy sitting room with its own fireplace provides the perfect retreat for quiet mornings or intimate conversations. The thoughtfully designed split floor plan offers privacy and comfort, highlighted by a luxurious master suite that includes a rare original 1940 greenhouse feature, adding a touch of history and charm. The spa-like master bathroom invites relaxation with a large soaking tub, separate shower, and an expansive walk-in closet. Three additional bedrooms, each with their own full bathrooms, ensure comfort for family and guests alike, with one guest suite featuring its own fireplace for added warmth and character. A gallery-style hallway runs through the home, offering the perfect space to display art and personal collections. Outdoors, the property transforms into a true private oasis. Multiple water features, including a beautifully stocked koi pond, create a peaceful, resort-like atmosphere. The custom covered patio and pergola with an outdoor fireplace and built-in grilling area make entertaining effortless, while the expansive lawn stretches to the water's edge, complete with a seawall and direct bay access. Adding a sense of fun and uniqueness, the grounds also feature a zip line and a custom playhouse, making this estate as playful as it is luxurious. Blending classic Mediterranean architecture with modern comforts and unparalleled waterfront living, this one-of-a-kind property offers a lifestyle that is both elegant and unforgettable. Whether enjoying quiet sunsets over the bay or hosting gatherings under the stars, this home is a rare opportunity to own a true coastal masterpiece.

First: 1

First: 1

First: 1

First: 1

First: 1

Dishwasher: 1

Disposal: 1

Ice Maker: 1

Oven - Double: 1

Range - Gas: 1

Refrigerator: 1

Water Heater - Tankless: 1

Wine Refrigerator: 1

Atrium: 1

Breakfast Bar: 1

Ceiling - Crwn Molding: 1

Fireplace: 1

Kitchen Island: 1

Pantry: 1

Security System: 1

Wet Bar: 1

Window - Bay: 1

Built-in Barbecue/Grill: 1

Fireplace: 1

Patio Covered: 1

Porch Open: 1

Sprinkler System: 1

Bulkhead/Seawall: 1

Pergola: 1

Other: 1

Cash: 1

Conventional: 1

Unfurnished: 1

First: 1

Landscaped: 1

Survey Available: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

Other - See Remarks: 1

Paved Road: 1

MBath Double Vanity: 1

MBath Separate Shwr: 1

MBath Walk-In Closet: 1

MBed Sitting Area: 1

See Remarks: 1

Bedroom: 1

Breakfast Room: 1

Dining Room: 1

Kitchen: 1

Master Bathroom: 1

Master Bedroom: 1

Other: 1

Sitting Room: 1

Cable - Available: 1

Electricity - Connected: 1

Garbage: 1

Natural Gas - Available: 1

Generator: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Bay: 1

As Is: 1

Bay/Harbor: 1

First: 1

First: 1

Central Air: 1

Fireplace(s): 1