1 month on rocket

213 S Cove Terrace Dr, Panama City, FL, 32401

$1,835,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths, 1 Partial
4,893 SqFt
$375/SqFt
House
Schools Nearby

Location

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213 S Cove Terrace Dr, Panama City$1,835,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAdditional Parking, Attached, Circular Driveway, Driveway, Garage, Garage Door Opener, Paved, RV Access/Parking
Attached Garage2 spaces
Year Built1966
HeatingCentral, Electric, Fireplace(s)
CoolingCentral Air, Ceiling Fan(s), Electric
BasementYes
WaterfrontBayou, Riparian Rights, Deeded Access, Waterfront
FireplaceElectric, Gas
ViewBayou
Private PoolYes
MLS #754322
Lot Size0.53 Acres
StatusActive

About 213 S Cove Terrace Dr

Modern WATERFRONT luxurious living at it's finest! Welcome to the historic Cove neighborhood where you'll find deep waterfront, incredible sunset views and a remarkable modern-designed home spanning over 4,800 square feet. This lifestyle you've been dreaming of is now a reality! Immerse yourself in unparelled luxury. Crafted with a unique, modern neutral palette, step into 9' ceilings, wide open spaces with 5 bedrooms, 4.5 bathrooms, bonus room, pool, spa, and dock with boat house. The Chef's kitchen is a true dream. Custom, gold-gilded cabinetry, a 48' Z-line professional gas range, pellet ice maker, oversized Quartz island and a walk-in Butler's pantry stand out in this kitchen with soaring ceilings, tiled backsplash and custom coordinating hood range. Enjoy breezes from the Bay on the screened porch overlooking the pool and Bayou, just off the kitchen. Step through the oversized archway and watch as the living, kitchen and dining space become one. A stunning feature wall with shelving and custom lighting are a showpiece in the living room area giving a luxurious feel and great ambience. The living room spans wide and offers a gas stone fireplace as a focal point. Step out of the multiple French doors onto the expansive Trex deck overlooking the pool, spa, backyard and waterfront. Enjoy the best sunsets the Cove has the offer from this deck daily! The dining room features a large antique chandelier truly creating a perfect place for hosting guests and family. The main level showcases a waterfront master suite with a seating area, electric fireplace, unique modern nightstand lighting and large walk-in closet with laundry and a stunning bathroom with a backlit modern tiled shower and Toto toilet with heated seat and bidet. This master suite offers access to the deck where you can enjoy morning coffee and watch the dolphins in the Bayou! The main level also features two large bedrooms with en suite baths complete with new bathtubs, modern tile and LED mirrors. Thoughtfully designed just off the kitchen, you'll have access to the mud room drop zone, a powder room and direct access to the 2-car garage and backyard. This waterfront home features a walk-out lower level that offers a large family room/bonus room, two additional bedrooms, full bathroom and a storage room. The French doors off the bonus room lead to the beautiful pool and spa and gives access to the dock. Entertaining is most appealing in spaces that allow the outdoors and indoors to flow together and this house is the epitome of an entertaining dream! Imagine the cookouts, parties and holiday gatherings you'll be able to enjoy at home. 213 S Cove Terrace Drive has recently been completely renovated and no detail was overlooked in this remarkable renovation turning this gem into a modern masterpiece! The floorplan was thoughtfully redesigned to maximize bedrooms, privacy and an open concept in the main great room. Custom lighting was added throughout to create a magnificent ambience and a light LVP flooring was chosen throughout to keep a cohesive feel in this large multi-level home. A full renovation was completed in 2021 to include plumbing, electrical, roof and water heaters. This home is very unique in design as it offers a main level living, dining, kitchen area with master bedroom and two guest suites so it lives like a one-story home. With easy access via steps from the kitchen to the pool, spa, backyard and dock, you'll enjoy the most amazing views from a higher level but live like a one-story home! The lower level is easily accessed by stairs off the kitchen and is a great extension of the upper level with additional living areas, two bedrooms, a full bath and access to the outdoors. This stunning waterfront home in the historic Cove neighborhood is ready to call home. If you've been waiting for a waterfront gem that is fully renovated in a modern design - this is the home for you!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1966
  • Living Area: 4,893 SqFt

Listing Office:

  • Office Name: Corcoran Reverie

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Plank, Vinyl
  • Interior: Bookcases, Fireplace, High Ceilings, Kitchen Island, Other, Remodeled, Recessed Lighting, Split Bedrooms
  • Fireplace: Electric, Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Bayou, Riparian Rights, Deeded Access, Waterfront
  • View: Bayou
  • Exterior: Boat Lift, Balcony, Boat Slip, Dock, Enclosed Porch, Fence, Hot Tub/Spa, Sprinkler/Irrigation, Pool, Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Additional Parking, Attached, Circular Driveway, Driveway, Garage, Garage Door Opener, Paved, RV Access/Parking

Virtual/3D Tour

  • 3D Tour: 213 S Cove Terrace Dr

3D Tour

Lot Features

Lot Information:

  • Lot: Waterfront
  • Lot Size: 0.53 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Fireplace(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric

School Info

Assigned Schools Information:

  • Bay High School, Public District Grades 9-12
  • Jinks Middle School, Public District Grades 6-8
  • Merriam Cherry Street Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Heading south on North Cove Boulevard, turn left at Cherry Street. Turn right onto S MacArthur Avenue. Turn left onto Dewitt Street. Turn right onto S Cove Terrace Drive. Home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,835,000
  • Price Per SqFt: $375/SqFt

Tax Information:

  • Annual Amount: $9,948
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$347.1K

Med. Price/SqFt

$204

Avg. Days On Market

82

# of Sold Homes

196

213 S Cove Terrace Dr vs Panama City

42 DAYS ON ROCKET

-40 Days

$1,835,000

+$1.4M More

$375/SqFt

+$171 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $171/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #754322

Listing Office:

  • Office Name: Corcoran Reverie

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 8:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,948$641,407
2018$5,836$425,366
2017$5,653$416,617

History based on county public records data.

Payment Calculator

$9,226

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,568

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1575406
1
/10
  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.39 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1575407
4
/10
  • Jinks Middle School

  • 600 W 11th St

  • 2.45 miles

  • Public District Grades 6-8

High School

school-card-donut-1575408
3
/10
  • Bay High School

  • 1200 Harrison Ave

  • 2.16 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,385. Typical income of Panama City, FL residents is between $35k-100k annually. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 213 S Cove Terrace Dr

What is the listing price of this property?

The listing price of 213 S Cove Terrace Dr property is $1,835,000.

What type of property is this?

The property 213 S Cove Terrace Dr is a house located in Panama City, Florida, 32401.

Is this property for sale now?

Active Listing: 213 S Cove Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 213 S Cove Terrace Dr are:
Merriam Cherry Street Elementary School: GreatSchools Rating 1/10
Jinks Middle School: GreatSchools Rating 4/10
Bay High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,948 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 213 S Cove Terrace Dr has 5 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 213 S Cove Terrace Dr is 4,893 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 213 S Cove Terrace Dr is 1966.

Rocket HomesFloridaBay CountyPanama City32401213 S Cove Terrace Dr

This home is located at 213 S Cove Terrace Dr in Panama City, FL and zip code 32401 in the Cove Terrace neighborhood. This 4,893 square foot home, which was built in 1966, sits on a 0.53 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 16, 2024 and is currently priced at $1,835,000.

In March 2024 more than 13 listings in Panama City, FL were sold above the asking price. During the same period more than 63 listings were sold at asking price, while more than 120 were sold below. Between February 2024 and March 2024, Panama City, FL real estate market has seen increase in the number of listings by 3.2%. Listings spent 82 days on the market in March 2024, and had a median list price of $347,126 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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