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$2,850,000
Monthly Est:$14,185
4 Beds
- 5 Baths
4 full baths + 1 half bath
4,000sqft
518 Bunkers Cvs Rd, Panama City, FL 32401
$2,850,000
$14,185/moEst:
Get Pre-Approved
Single Family Residence
Built in 1940
$-- HOA
0.8 acre lot
$712/sq.ft
Description
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.
- Houzeo last checked: 14 minutes ago
- Listing updated: September 21, 2026 at 9:26 pm
- Listing Provided by: Shani S Lee (850) 832-2151 DRE #3100396 | CENTURY 21 Commander Realty (850) 769-8326
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 791000

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
Year Built
1940
HOA Fees
-
Finished Area
4,000 sqft
Lot Size
0.8 acre lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
791000
MLS Status
Active
Days on Market
143
Cumulative Days on Market
105

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 5
Bedroom
Level: First
Area: 170.00 Square Feet
Dimensions: 17 x 10
Bedroom
Level: First
Area: 144.00 Square Feet
Dimensions: 12 x 12
Bedroom
Level: First
Area: 304.00 Square Feet
Dimensions: 19 x 16
DiningRoom
Level: First
Area: 247.00 Square Feet
Dimensions: 19 x 13
Kitchen
Level: First
Area: 405.00 Square Feet
Dimensions: 27 x 15
BreakfastRoomNook
Level: First
Area: 81.00 Square Feet
Dimensions: 9 x 9
SittingRoom
Level: First
Area: 120.00 Square Feet
Dimensions: 12 x 10
Other
Level: First
Area: 585.00 Square Feet
Dimensions: 45 x 13
PrimaryBathroom
Level: First
Area: 192.00 Square Feet
Dimensions: 12 x 16
PrimaryBedroom
Level: First
Area: 380.00 Square Feet
Dimensions: 20 x 19
Interior
Interior Features
Double Vanity, Main Level Primary, Sitting Area In Primary, See Remarks, Separate Shower, Walk In Closets
Cooling
Central Air
Appliances
Gas Range, Ice Maker, Tankless Water Heater
Exterior Features
Barbecue
Heating
Fireplaces
Sewer
Public Sewer
Construction
Year Built
Year Built: 1940
Home type
Single Family Residence
Architectural Style
Mediterranean
Utilities & Energy
Utilities
Natural Gas Available
Other Features
Lot Features
Sprinkler System, Paved
Subdivision Name
Sudduths 6th Add
Community Features
Barbecue
Patio And Porch Features
Covered, Open, Patio, Porch
Price History
| Date | Event | Price |
|---|---|---|
06/08/2026 Source: | Listed for Sale | $2,850,000 $712/sqft |
Bunkers Cove Ranks #12 in Panama City, FL
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Based on information from Central Panhandle Association of REALTORS® MLS through Oct 30, 2026, 09:30AM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®
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