247 S COVE TERRACE DR Panama City, FL 32401





Total Baths


Full Baths


Square Feet




Year Built





Listed By Carly K Sostheim
Corcoran Reverie SRB

This modern, transitional waterfront masterpiece 6,700 SF residence takes full advantage of its bayfront location, blurring the lines between indoors and out while allowing for the most pleasurable resort-like lifestyle. The breezy outdoor spaces and light-filled, view-focused interiors offer relaxed and refined modern living. With over 100 feet of water frontage on St. Andrews Bay, this home boasts a private boat lift, boat house and dock leading from the water to the estate's lavish amenities which include a pool, hot tub, screened-in outdoor kitchen, pool, hot tub and accordion doors that lead to an exceptional family room and wet bar. A generous green space offers additional room for family games, entertaining and capturing the best views that waterfront living can afford, with no HOA. The outdoor space includes a full bath and climate-controlled bonus room, both adjacent to the pool. An expansive pool deck for large gatherings is perfect! Beyond the mahogany French doors, an open floor plan reveals pure Bay views, tongue and groove ceilings and expansive light-filled living spaces. Rich details throughout including stunning hardwood floors, vaulted ceilings, custom millwork covering the television and a gas fireplace. Meticulously designed window seats and an abundance of windows showing stunning views of the Bay, pool, and dock. The chef-style kitchen has custom cabinetry with a suite of professional grade appliances and a butler's pantry with additional sub-zero refrigerator, dishwasher and more that was designed to be open or closed to your liking. Among the mix of formal and casual spaces, the family room is adjacent to the kitchen and dining room, but all designed to ensure the Bay views are preserved. The main level Master bedroom includes oversized, customized walk-in closets and spa-like en suite, featuring a walk-in shower, soaking tub, dual vanities, and separate water closet room. Four additional bedrooms and three additional bathrooms along with a large mudroom and laundry complete the main level. The lower level of the home offers the greatest entertaining space you've ever seen. This open space includes high ceilings, wet bar complete with a thick honed granite, wine fridge, mini fridge, icemaker and dishwasher and the ability to capture the indoor-outdoor living desired. This level also offers a large bonus room with custom built-in tree houses for the kids, an abundance of storage closets and a private guest room with en suite. A fitness room and safe room/vault also complete the lower level of this home. This waterfront estate offers a whole-home generator ensuring the comfort of its owners and guests as well as a customizable security system, sound system, and lighting system. Notable features of the home include: three-car garage with epoxy flooring and dumbwaiter for storage, hardwood flooring and travertine, custom drapery, custom crown molding, designer lighting and A/C in the attic for maximum climate control and lush landscaping. Poised within proximity to the famed Shell Island and only 7 miles to the emerald waters of the Gulf of Mexico pass, you'll see why the Cove is truly a boater's paradise. This home offers deep water and perfect for your center-console or sportfishing boat. Adjacent to the home is the neighborhood park where friends and neighbors gather as it is the heart of the community. Located just 2 miles from flourishing Downtown Panama City, you're within a short golf cart ride away from enjoying local brews, live music daily, boutique shopping, a farmers market and more. Along with the world's most beautiful beaches just minutes away, world-class dining on the 30A corridor and welcoming Southern hospitality, you'll be ready to call this your home immediately. *Buyer to verify all measurements, if important.*


Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Oven Double, Range Hood, Refrigerator, Security System, Stove/Oven Gas, Washer, Wine Refrigerator
Bathrooms Full
Bathrooms Total
Bedrooms Total
Living Area
6,662 SqFt.

Building And Construction
Property Sub Type
Single Family Residence
Property Type
Year Built

Exterior And Lot
Lot Size Acres
Lot Size Square Feet
Resid Single Family

Area And Schools
Panama City
County Or Parish
Elementary School
Cherry Street
High School
Middle Or Junior School
Subdivision Name
Cove Terrace

Financial Info
Tax Annual Amount
Tax Year

Additional Info
Assessment Fees

Listing Office Corcoran Reverie SRB, (850) 231-5030

MLS# 886027

Updated 11:07AM - 1/22/2022

The data relating to real estate for sale/lease on this website come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS in which this real estate firm participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2022 Emerald Coast Association of REALTORS®. All Rights Reserved.

My Places

to see estimated driving times between properties and places important to you.

32401 Statistics and Information

Data provided by Maponics

Your browser is out of date or unsupported. Some features of this website may not work until you update to a supported browser. More Info

Your browser is not currently supported. We recommend viewing REMAX.com and it's affiliated sites on one of the following browsers: