518 Bunkers Cove Road, Panama City, FL 32401
Local realty services provided by:Better Homes and Gardens Real Estate Historic
518 Bunkers Cove Road,Panama City, FL 32401
$2,850,000
- 4 Beds
- 5 Baths
- 4,000 sq. ft.
- Single family
- Active
Listed by: shani s lee
Office: century 21 commander realty
MLS#:791000
Source:FL_BCMLS
Price summary
- Price:$2,850,000
- Price per sq. ft.:$712.5
About this home
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....
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Home facts
- Year built:1940
- Listing ID #:791000
- Added:1 day(s) ago
- Updated:June 09, 2026 at 01:46 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
- Rooms Total:10
- Kitchen Description:Gas Range, Ice Maker, Tankless Water Heater
- Living area:4,000 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Central air:Yes
Structure and exterior
- Year built:1940
- Building area:4,000 sq. ft.
- Lot area:0.8 Acres
- Architectural Style:Mediterranean
- Exterior Features:Patio, Porch
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,850,000
- Price per sq. ft.:$712.5
Features and amenities
- Amenities:GasRange, IceMaker, TanklessWaterHeater
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