R
Seller's Agent in 2025
Randall Smith
Realty ONE Group Emerald Coast
(804) 332-9971
1 in this area
2 Total Sales
2501 Pelican Bay Dr Panama City, FL 32408
Upper Grand Lagoon Neighborhood
5
Beds
2.5
Baths
2,730
Sq Ft
2004
Built
Highlights
- Boat Dock
- Screened Pool
- Deck
- J.R. Arnold High School Rated A-
- Fishing
- Contemporary Architecture
About This Home
As of September 2025Submit all offers - Motivated to sell quickly.
VA Loan Assumable 2.875% Interest Rate. HOA is paid until Jan 2026.
Welcome to 2501 Pelican Bay Drive, a beautifully updated 5-bedroom, 2.5-bath home in the Pelican Bay community. This 2,730 sq ft residence features an open-concept layout with high ceilings, new flooring, and fresh paint. The kitchen offers ample cabinetry, updated countertops, and a breakfast bar, ideal for casual dining. The spacious primary suite is on the main floor with a walk-in closet and double vanity. Upstairs includes two bedrooms and a bonus room perfect for a home office or play area. Community amenities include a pool, hot tub, dock, and nature trails. New roof installed. Move-in ready coastal living!
Last Agent to Sell the Property
Realty ONE Group Emerald Coast License #3556164 Listed on: 08/03/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,569
Year Built
- Built in 2004
Lot Details
- Lot Dimensions are 60x110
- Privacy Fence
- Interior Lot
- Level Lot
- Sprinkler System
- Cleared Lot
- Property is zoned City
HOA Fees
- $142 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Automatic Garage Door Opener
Home Design
- Contemporary Architecture
- Frame Construction
- Composition Shingle Roof
- Concrete Siding
- Stucco
Interior Spaces
- 2,730 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Living Room
- Dining Room
- Bonus Room
- Tile Flooring
- Exterior Washer Dryer Hookup
Kitchen
- Electric Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
Pool
- Screened Pool
- In Ground Pool
- Gunite Pool
Outdoor Features
- Docks
- Deck
- Patio
- Built-In Barbecue
- Porch
Location
- Flood Insurance May Be Required
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 31259-501-000
Community Details
Overview
- Association fees include accounting, management, repairs/maintenance, security, trash
- Pelican Bay Subdivision
- The community has rules related to covenants
Amenities
- Community Barbecue Grill
- Recreation Room
Recreation
- Boat Dock
- Community Pool
- Fishing
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 11, 2019
Sold by
Skinner Heather L
Bought by
Rasmussen Nikolas P and Rasmussen Megan A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,297
Interest Rate
4.1%
Mortgage Type
VA
Purchase Details
Closed on
Feb 12, 2008
Sold by
Cameron Skinner Development Llc
Bought by
Skinner Heather L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,300
Interest Rate
5.62%
Mortgage Type
Unknown
Purchase Details
Closed on
Oct 23, 2003
Sold by
Pelican Bay Enterprises Inc
Bought by
Cameron Skinner Development Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,200
Interest Rate
6.16%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $357,500 | Attorney | |
| Quit Claim Deed | -- | Isler & Associates Title Inc | |
| Warranty Deed | $47,000 | Diamond Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $369,303 | New Conventional | |
| Closed | $369,297 | VA | |
| Previous Owner | $239,100 | New Conventional | |
| Previous Owner | $259,300 | Unknown | |
| Previous Owner | $195,200 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Sold | $475,000 | -0.8% | $174 / Sq Ft |
| 08/06/2025 08/06/25 | Pending | -- | -- | -- |
| 08/04/2025 08/04/25 | Price Changed | $479,000 | -2.2% | $175 / Sq Ft |
| 07/30/2025 07/30/25 | Price Changed | $490,000 | -2.0% | $179 / Sq Ft |
| 07/14/2025 07/14/25 | Price Changed | $499,999 | -2.9% | $183 / Sq Ft |
| 07/09/2025 07/09/25 | Price Changed | $515,000 | -0.8% | $189 / Sq Ft |
| 06/23/2025 06/23/25 | Price Changed | $519,000 | -1.9% | $190 / Sq Ft |
| 06/05/2025 06/05/25 | Price Changed | $529,000 | -3.8% | $194 / Sq Ft |
| 05/08/2025 05/08/25 | Price Changed | $549,900 | -3.4% | $201 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $569,000 | 0.0% | $208 / Sq Ft |
| 06/20/2022 06/20/22 | Off Market | $2,200 | -- | -- |
| 06/20/2022 06/20/22 | Off Market | $2,100 | -- | -- |
| 08/15/2016 08/15/16 | Rented | $2,200 | 0.0% | -- |
| 08/15/2016 08/15/16 | Under Contract | -- | -- | -- |
| 07/12/2016 07/12/16 | For Rent | $2,200 | +4.8% | -- |
| 06/12/2014 06/12/14 | Rented | $2,100 | 0.0% | -- |
| 06/12/2014 06/12/14 | Under Contract | -- | -- | -- |
| 05/27/2014 05/27/14 | For Rent | $2,100 | -- | -- |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
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 | $3,569 | $330,947 | -- | -- |
| 2023 | $3,569 | $321,308 | $0 | $0 |
| 2022 | $3,207 | $311,949 | $57,139 | $254,810 |
| 2021 | $3,229 | $303,700 | $54,780 | $248,920 |
| 2020 | $3,278 | $303,875 | $54,780 | $249,095 |
| 2019 | $2,394 | $191,095 | $56,942 | $134,153 |
| 2018 | $2,830 | $222,872 | $0 | $0 |
| 2017 | $2,823 | $220,809 | $0 | $0 |
| 2016 | $2,902 | $222,930 | $0 | $0 |
| 2015 | $3,013 | $225,295 | $0 | $0 |
| 2014 | $3,041 | $227,660 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Randall Smith
-
Test Test
T
Buyer's Agent in 2025
Test Test
ECN - Unknown Office
(585) 329-5058
39 in this area
3,534 Total Sales
-
D
Seller's Agent in 2016
David Burgbacher
Nautilus Realty & Management
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 974863
APN: 31259-501-000
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