518 Bunkers Cove Road, Panama City, FL, 32401

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$2,850,000
1 Day On Site

518 Bunkers Cove Road
Panama City, FL 32401

For Sale|Single Family Residence|Active
3
Beds
5
Total Baths
4
Full Baths
1
Partial Bath
4,000
SqFt
$713
/SqFt
1940
Built
Subdivision:
SUDDUTHS 6TH ADDN
County:
Bay
Listing courtesy of Charles W Commander of Century 21 Commander Realty Inc

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518 Bunkers Cove Road518 Bunkers Cove Road518 Bunkers Cove Road518 Bunkers Cove Road
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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.

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Listing Snapshot
Price 
$2,850,000
Days On Site 
1 Day
Bedrooms 
3
Inside Area (SqFt) 
4,000 sqft
Total Baths 
5
Full Baths 
4
Partial Baths 
1
Lot Size 
1.22 Acres
Year Built 
1940
MLS® Number 
1011673
Status 
Active
Property Tax 
$7,498.74
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
1.22
Foundation 
Slab
Property Sub Type 
Single Family Residence
Security 
Security System
Sewer 
Public Sewer
SqFt Total 
4000
Style 
Mediterranean
Utilities 
Natural Gas AvailableCable Available
Water Source 
Public
Zoning 
Resid Single Family
Interior Features
Appliances 
DishwasherDisposalDouble OvenRefrigeratorWine RefrigeratorIce MakerGas Oven
Fireplace 
Yes
Heating 
CentralNatural GasElectric
Interior 
Breakfast BarCrown MoldingKitchen IslandPantryWet Bar
Window Features 
Bay Window(s)
Bedroom 
Dimensions - 19 x 16Level - First
Breakfast Room 
Dimensions - 9 x 9Level - First
Dining Room 
Dimensions - 19 x 13Level - First
Kitchen 
Dimensions - 27 x 15Level - First
Master Bedroom 
Dimensions - 20 x 19Level - First
Other 
Dimensions - 45 x 13Level - FirstDescription - Gallery Hallway
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Exterior Features
Construction Details 
Stucco
Frontage 
Bay/Harbor
Lot Features 
Waterfront
Other Structures 
Boat House
Patio And Porch 
PatioCovered
View 
Bay
Waterfront 
Yes
Waterview 
Bay
Windows/Doors 
Bay Window(s)
Community Features
MLS Area 
27 - Bay County
Roads 
Paved
Schools
School District
Unknown
Elementary School
Cherry Street
Middle School
Jinks
High School
Bay
Listing courtesy of Charles W Commander of Century 21 Commander Realty Inc



Listing information is provided by Participants of the Emerald Coast Association of Realtors MLS. IDX information is provided exclusively for 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 deemed reliable but not guaranteed. Copyright 2026, Emerald Coast Association of Realtors MLS.
Last checked: 2026-09-11 11:56 AM UTC

Neighborhood & Commute
Source: Walkscore
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