203 George C Wallace BLVD Panama City Beach, FL 32413
5 Beds
4 Baths
2,904 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,904 sqft
Price per Sqft $499
Subdivision Laguna Beach 7Th Addn
MLS Listing ID 1013472
Style Beach House
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 2024
Annual Tax Amount $7,304
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 50 x 65
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 2904
Property Description
Inside, the open main living area brings the kitchen, dining and gathering spaces together with an easy flow to the outdoor areas. The designer kitchen features custom cabinetry, stainless steel appliances, and a dedicated wine bar, creating a polished centerpiece for entertaining. Custom tile work and carefully selected finishes continue throughout the home, while a seven-zone Sonos audio system extends from the interiors to the pool and outdoor living spaces. The first floor offers valuable flexibility for guests with a bedroom, full bath, and a custom bunk room well suited for larger groups.
Upstairs, the primary suite opens directly to a spacious balcony overlooking the lake with views toward the gulf. A second king bedroom also enjoys balcony access and water views, while additional guest accommodations provide privacy with ensuite or conveniently located baths. A spacious second living area, complete with a queen sleeper and 75-in. television, gives owners and guests another place to gather or unwind. Outside, the heated in-ground pool anchors a private retreat designed for use well beyond the summer months. The summer kitchen makes outdoor dining and entertaining effortless, while built-in Sonos speakers and an outdoor television carry the home's entertainment features poolside. The lakefront setting adds an open-water backdrop, yet the gulf is still close at hand with public beach access less than a quarter mile away. The surrounding area is also golf-cart friendly, adding another convenient way to reach the beach and nearby destinations.
Offered fully furnished, the home is positioned for immediate enjoyment as a primary residence, second home or vacation rental. Current rental projections are approximately $110,000, adding an income component to an already compelling coastal property. An estimated first-year bonus depreciation of approximately $296,380 may provide an additional consideration for qualifying investment buyers, subject to individual tax circumstances and professional tax guidance.
With lake frontage, gulf views, a private pool and extensive indoor-outdoor entertainment features, this furnished home offers a distinctly versatile approach to coastal ownership.
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Single Family
Direction From Inlet Beach, head east on Highway 98 (Panama City Beach Parkway). Turn right onto George C. Wallace Boulevard. The home is the last blue house on the right.
Rooms
Primary Bedroom Level Upper
Master Bedroom true
Kitchen true
Interior
Interior Features Breakfast Bar, Kitchen Island, Lighting Recessed
Heating Central
Cooling Central Air
Flooring Floor Tile
Furnishings Furnished - All
Window Features Double Pane Windows
Appliance Dishwasher, Freezer, Microwave, Range Hood, Refrigerator, Stove/Oven Electric, Wine Refrigerator, Water Heater - Elect
Exterior
Exterior Feature Balcony, BBQ Pit/Grill, Fenced Back Yard, Shower, Summer Kitchen, In-Ground Pool, Heated Pool, Open Patio, Porch, Open Porch, Fenced Lot (All), Fenced Backyard, Summer Kitchen, BBQ / Grill, Outdoor Shower, Balcony
Parking Features Converted Garage
Fence Fenced Lot-All
Pool Pool - Heated, Pool - In-Ground, Pool Type
Utilities Available Electric, Public Water
Waterfront Description Lake
View Lake, Gulf
Roof Type Metal
Street Surface Paved
Porch Patio Open, Porch, Porch Open
Garage No
Building
Lot Description Corner, Within 1/2 Mile to Water
Faces From Inlet Beach, head east on Highway 98 (Panama City Beach Parkway). Turn right onto George C. Wallace Boulevard. The home is the last blue house on the right.
Story 2
Foundation Slab
Sewer Public Sewer
Architectural Style Beach House
New Construction No
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
Pets Allowed No
Tax ID 38173-010-000
Virtual Tour https://bcove.video/4zlgA1d
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