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ActiveResidential

$2,850,000

$713 per sq ft Est. $16,849/mo

518 Bunkers Cove Road

518 Bunkers Cove Road, Panama City, Florida 32401 Map

  • 3Beds
  • 5Baths
  • 4,000Sq ft
  • 1940Built

Listed by: Century 21 Commander Realty Inc (850) 769-8326

At a glance

  • Property typeResidential
  • StatusActive
  • Year built1940
  • Lot size1.22 acres
  • MLS #1011673

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.

Details

Price
$2,850,000
Property type
Residential
Status
Active
Bedrooms
3
Bathrooms
5
Full baths
4
Half baths
1
Living area
4,000 sq ft
Acres
1.22
Year built
1940
City
Panama City
County
Bay
State
Florida
Zip
32401
MLS #
1011673

Location

What would it cost each month?

Estimated monthly payment

$16,849

Loan payment
$14,411
Property tax
$2,138
Insurance
$300
HOA / condo dues
$0
Amount borrowed
$2,280,000

Estimates only, for planning. Your rate, taxes, insurance and dues will differ. Ask a licensed lender for a quote.

Listed by: Century 21 Commander Realty Inc (850) 769-8326

MLS

&copy 2026 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but is not guaranteed. Data last updated: Saturday, October 31st, 2026?03:31:02 AM.
Data services provided by IDX Broker

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