5 months on rocket

2527 Pelican Bay Dr, Panama City Beach, FL, 32408

$695,000

Home List Price

$8,253*

Closing Credit

5 Bedrooms
3 Full Baths
3,164 SqFt
$220/SqFt
House
Schools Nearby

Location

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2527 Pelican Bay Dr, Panama City$695,000

Buyer Closing Credits

$8,253*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Driveway, Garage, Garage Door Opener
Attached Garage2 spaces
Year Built2002
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
MLS #748745
Lot Size0.32 Acres
StatusActive

About 2527 Pelican Bay Dr

Step into your new home in the coveted coastal community of Pelican Bay. On the shore of Panama City's Grand Lagoon, this quiet, welcoming neighborhood is the place you've been hoping to find. As you pull into the drive of this stately residence, you'll take in the quiet dignity of the 2-story home, the manicured lawn, and the palm trees which evoke a seaside vibe. Walk inside, and you're immediately greeted by soaring ceilings and an abundance of windows for full enjoyment of the Florida sunshine. Standing in the foyer you'll find a bedroom to your right and a formal dining room to your left--either or both of which could easily transform into an office, a music room, or even a workout space. Just a few steps bring you to the heart of the home, as the open floor plan seamlessly flows into the living room, kitchen, and breakfast room, all enjoying views of the pool and the private, tree-bordered backyard. The laundry room and a full bath are found on this level, and finishing out the first floor is your private master suite, an ample retreat boasting a roomy walk-in closet, a spa-like master bath, and your own private access to the screened back porch. Upstairs you'll find a sizable (36 x 15) bonus room that can function as a fifth bedroom--as well as two other bedrooms, plenty of storage, another full bath, and a 240 square foot balcony that overlooks the yard and pool. Step outside, and you're only yards from the community clubhouse which includes its own pool, a hot tub, and a dock. What's more, you're just minutes from the dining and entertainment of Panama City and Panama City Beach--and just a short drive from the world's most beautiful white sand beaches.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2002
  • Living Area: 3,164 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Freezer, Gas Oven, Gas Range, Washer
  • Interior: Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Balcony, Enclosed Porch, Fence, Pool, Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Driveway, Garage, Garage Door Opener

Lot Features

Lot Information:

  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • J.R. Arnold High School, Public District Grades 9-12
  • Surfside Middle School, Public District Grades 6-8
  • Patronis Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From the intersection of Thomas Drive and Magnolia Beach Road, proceed east on Magnolia Beach Road for 1 mile, then turn left onto Pelican Bay Drive. Proceed 900 feet to 2527 Pelican Bay Drive on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $695,000
  • Price Per SqFt: $220/SqFt

HOA Fees:

  • Amount: $751
  • Frequency: Semi-Annually

Tax Information:

  • Annual Amount: $3,632
  • 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

2527 Pelican Bay Dr vs Panama City

178 DAYS ON ROCKET

+96 Days

$695,000

+$347.8K More

$220/SqFt

+$16 More

KEY TAKEAWAY

This property is $347.8K more than the Median Sold Price and $16/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: #748745

Listing Office:

  • Office Name: Compass Florida, LLC

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: 4/29/2024, 5:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 20, 2014Home Sold
$385,000
Aug 03, 2001Home Sold
$68,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,632$332,981
2018$3,650$326,236
2017$3,673$325,680

History based on county public records data.

Payment Calculator

$3,661

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,150

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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-2887592
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.69 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2887593
5
/10
  • Surfside Middle School

  • 300 Nautilus St

  • 7.59 miles

  • Public District Grades 6-8

High School

school-card-donut-2887594
5
/10
  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 5.42 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,197. The majority of Panama City, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2527 Pelican Bay Dr

What is the listing price of this property?

The listing price of 2527 Pelican Bay Dr property is $695,000.

What type of property is this?

The property 2527 Pelican Bay Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 2527 Pelican Bay 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 2527 Pelican Bay Dr are:
Patronis Elementary School: GreatSchools Rating 7/10
Surfside Middle School: GreatSchools Rating 5/10
J.R. Arnold High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,632 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 20, 2014 for $385,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2527 Pelican Bay Dr has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2527 Pelican Bay Dr is 3,164 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2527 Pelican Bay Dr is 2002.

Rocket HomesFloridaBay CountyPanama City324082527 Pelican Bay Dr

This home is located at 2527 Pelican Bay Dr in Panama City Beach, FL and zip code 32408 in the Pelican Bay neighborhood. This 3,164 square foot home, which was built in 2002, sits on a 0.32 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 03, 2023 and is currently priced at $695,000.

Panama City, FL housing market in March 2024 saw over 13 listings sold above listed price, more than 63 sold at listed price and over 120 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%. The median list price of listings available in March 2024 was $347,126, while the average time on the real estate market was 82 days.

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

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