tomo logo

$1,974,999

Beds
5
Baths
4.5
sq ft
5,510

1309 Bayou Ct, Panama City, FL 32401

1309 Bayou Ct

Panama City, FL 32401

  • 143 days on market
    • Price drop $25,000↓
Experience unparalleled luxury and exquisite waterfront living at 1309 Bayou Ct, in the prestigious Cove community of Panama City, FL. Constructed with durable block and finished with a refined stucco exterior, this expansive 5-bedroom, 5-bathroom residence offers elegance and comfort in over 5,510 sq ft of meticulously maintained living space, situated along 100 feet of deep bayou waterfront--ideal for boating and water enthusiasts, and only minutes by boat to Shell Island. Step inside through the 12-foot custom solid iron front doors and be welcomed by a grand foyer with soaring 21.6-foot ceilings, illuminated by a stunning RH Foucault's Crystal Orb Chandelier. Stunning elegance flows throughout this well-appointed home, featuring Italian travertine floors, intricate crown moulding, and two inviting fireplaces in the family room and formal living room, creating warmth and an inviting atmosphere for gatherings. The gourmet kitchen has been thoughtfully updated recently with top-tier Wolf double ovens and gas stovetop, Sub-Zero refrigerator, and Cove dishwasher appliances, granite countertops, and an island with breakfast bar seating. The light-filled breakfast area offers panoramic views of the bayou and pool--setting the perfect scene for your morning coffee. The primary master suite is a private serene sanctuary, complete with a private balcony overlooking the pool and bayou, a stately fireplace, and a unique 84-inch dome ceiling with a crystal chandelier. The spa-like master bath features an oversized tub, separate shower, double sinks, and space is available for built-in conveniences like a mini-fridge, microwave, and TV. In recent years, over $185,000 has been invested in thoughtful improvements. These include a new seawall with heavy-duty tie bolt anchors, upland Moisture Shield decking on top of the seawall, a new metal roof for the boathouse, and new dock decking (2021). The backyard was completely redesigned with new landscaping, large palm trees, and an updated irrigation system, creating an outdoor space as inviting as the interior. Additional updates include a freshly repainted exterior (May 2024), a new two-unit HVAC system (January 2024), and a new pool heater, spa pump, and pool pump replacements (Fall 2021). With a circular driveway, grand fountain, in-ground pool, and spacious drive-through two-car garage, this home offers a seamless blend of elegance and convenience. Surrounded by mature trees and situated in one of Panama City's most sought-after neighborhoods, this residence exemplifies luxury living at its finest. Ask your agent for a complete list of upgrades and renovations done in recent years, and schedule your private viewing today to explore all that this exceptional property has to offer. All information is deemed reliable but not guaranteed; buyers should verify if important.

Details

Property type

Single Family Residence

Est. home value

$1,997,247

Lot size

0.69 acres

Price per sq ft

$359

Year built

1995

Annual property taxes

$24,550

HOA

No

Price History

12/02/2024
CentralPanhandle

CentralPanhandle #760826

Price change
$1,974,999
-1.25%
10/04/2024
CentralPanhandle

CentralPanhandle #760826

Price change
$1,999,999
-4.72%
09/14/2024
CentralPanhandle

CentralPanhandle #760826

Price change
$2,099,000
-2.37%

Schools & Community

Elementary school: 

Cherry Street

Middle school: 

Jinks

High school: 

Bay

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$775,186
Asking price
$1,974,999
Closing costs (~8% of asking)
-$158,000
Est. remaining loan balance
-$1,041,813
Cash to seller
$775,186

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

The Huntington National Bank

Loan start date

April 2021

Original loan amount

$1,132,500

Est. remaining balance

$1,041,813

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Vulcan Capital Partners Real Estate Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
CentralPanhandle
$2,000,000
3 bd
|
4.5 ba
|
4,189 sq ft
|
House

1212 E Park St, Panama City, FL 32404

Status: Active

Tomo last checked: 12/24/2024 at 8:30 AM

Listing updated: 12/02/2024 at 10:50 AM

Listed by: Sean P Casilli, Coldwell Banker Realty Phone #: (850) 234-6696

MLS: CentralPanhandle #760826

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