
246 E 3rd Place Panama City, FL 32401
Estimated payment $3,502/month
Highlights
- Boat Dock
- Fishing
- Contemporary Architecture
- Home fronts a seawall
- Bayou View
- Covered patio or porch
About This Home
Waterfront Living in the Heart of Panama CityWelcome to 246 E 3rd Place, where waterfront living meets timeless elegance. Perfectly positioned in the historic Cove neighborhood and just minutes from vibrant downtown Panama City, this stunning 3-story townhome offers the ultimate blend of comfort, convenience, and coastal charm.With 4 spacious bedrooms, 3.5 bathrooms, and a 2-car garage, this home boasts breathtaking views of Massalina Bayou and direct Gulf access via your deeded deep-water boat slip--14x40 feet, wide and deep enough to accommodate both sailboats and larger dream vessels.Step inside to find a thoughtfully designed layout that maximizes both space and privacy. A power chair lift provides easy access to the main level. The first floor features a generous bedroom with a full bath and access to a large private deck overlooking the water--perfect for guests or a serene office space.The second floor is the heart of the home, where soaring 9-foot ceilings, Brazilian hardwood floors, and abundant natural light create a warm and welcoming atmosphere. The open-concept living and dining areas flow into a well-appointed kitchen featuring emerald black granite countertops, custom cabinetry, and an oversized pantry.On the third floor, the luxurious primary suite offers a peaceful retreat with its own private balcony and panoramic views of the harbor. There's even space for a home office or workout area. The ensuite bathroom features double vanities, a jetted soaking tub, a walk-in shower, and a spacious walk-in closet. An additional bedroom on this level comes with its own full bathroom and could easily serve as a second primary suite.Built with quality in mind, this home includes a 6-year-old roof, brand-new water heater, fresh interior paint, hurricane shutters, a fire sprinkler system, and 2x6 exterior framing. It's also prepped for an elevator, making it future-ready.Whether you're an avid boater, seeking a low-maintenance waterfront escape, or looking to enjoy the lifestyle and charm of downtown living--this home has it all.Don't miss your chance to live where every day feels like a vacation. Schedule your private tour today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $471
Year Built
- Built in 2003
Lot Details
- Lot Dimensions are 90x22
- Home fronts a seawall
- Property fronts a bayou
- Property fronts a private road
HOA Fees
- $150 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- Contemporary Architecture
- Property Attached
- Shingle Roof
- Stucco
Interior Spaces
- 2,764 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Living Room
- Dining Room
- Bayou Views
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Hurricane or Storm Shutters
- Storm Windows
- Storm Doors
- Fire and Smoke Detector
- Fire Sprinkler System
Accessible Home Design
- Adaptable For Elevator
- Accessible Bedroom
- Stairway
Outdoor Features
- Outdoor Shower
- Covered patio or porch
Schools
- Cherry Street Elementary School
- Jinks Middle School
- Bay High School
Utilities
- Central Heating and Cooling System
- Water Rights
Community Details
Overview
- Association fees include management, legal/accounting, ground maintenance, pest control, sprinkler, trash
- Massalina Bayou Townhouses Subdivision
Recreation
- Boat Dock
- Fishing
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $471 | $291,071 | -- | -- |
2023 | $471 | $282,593 | $0 | $0 |
2022 | $435 | $274,362 | $55,990 | $218,372 |
2021 | $443 | $185,723 | $50,930 | $134,793 |
2020 | $447 | $192,701 | $41,800 | $150,901 |
2019 | $0 | $194,621 | $40,896 | $153,725 |
2018 | $0 | $283,698 | $0 | $0 |
2017 | $0 | $286,078 | $0 | $0 |
2016 | -- | $289,608 | $0 | $0 |
2015 | -- | $293,138 | $0 | $0 |
2014 | -- | $297,520 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/22/2025 04/22/25 | For Sale | $605,000 | -- | $219 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $313,000 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $250,400 | Unknown |
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Source: Central Panhandle Association of REALTORS®
MLS Number: 772324

APN: 20169-070-000
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