$470,000
SOLD SEP 22, 2025
4 Beds
2 Baths
1,948 Sq Ft
0.25 Acres

Recently Sold

$241 Per Sq Ft

12% Below List Price

81 Days on Market

Highlights

  • Craftsman Architecture
  • Covered Patio or Porch
  • Central Heating and Cooling System
  • No HOA
  • Soaking Tub
  • Ceiling Fan

About This Home

As of September 2025

This stunning single-level home was BUILT IN 2022 offering a rare find - a newer construction home in the coveted Cove neighborhood of Panama City, Florida. This home embodies classic, coastal design and offers an exceptional lifestyle just two blocks from the Bay. Enjoy leisurely walks by the water and breathtaking sunsets every day in the Cove, a golf cart-friendly community with NO HOA where neighbors gather and community thrives! This IMPECCABLY MAINTAINED home spans 1,948 square feet and features a timeless design with 4 bedrooms, 2 baths and a 2-car garage. The property sits on a .25-acre homesite, complete with a privacy-fenced backyard and alley access with a gate. This home has plenty of room for a POOL so you can create your dream backyard oasis to enjoy year round! With no HOA restrictions, it is ideal for boat and trailer owners! The lush landscaping enhances the curb appeal of this remarkable residence clad in Hardie board and stone. You'll love that the major systems of the home are 2022 to ensure lower interest rates and peace of mind with little to no maintenance. Step inside to discover a true foyer area as you walk into an open concept layout flooded with natural light. The home offers 10' ceilings in the great room with an 11' tray ceiling in the living area. The remainder of the house has high 9' ceilings throughout giving it an incredible open feel. With French doors leading to the patio, you'll love the indoor outdoor experience this home provides. A covered porch overlooks the backyard, ideal for grilling, watching the kids play, and hosting family gatherings. The home has incredible upgrades, including custom built-ins in the living area, Visual Comfort designer lighting, custom window coverings throughout and Quartz countertops. The oversized kitchen island offers seating for five, making it a perfect gathering spot. With stainless appliances and a full size pantry, this kitchen is great for entertaining. The dining room is bright with natural light and overlooks the backyard. The split floor plan ensures privacy, with a large primary suite featuring a 10' tray ceiling, dual bath vanities, a soaking tub, tiled shower with glass enclosure, separate water closet and a large walk-in closet designed for two. Two guest bedrooms are located on the right side of the house, with a guest bath accessible via the hallway. The fourth bedroom, situated just off the living area, offers versatile use as a bedroom, home office or playroom, with ample storage provided by two closets. Experience the perfect blend of coastal charm and modern convenience of a newer home in the Cove that was built in 2022. Every detail has been thoughtfully considered to create a welcoming and comfortable feel with this exceptional home in a highly desirable neighborhood! With hundred year oak tree-lined streets, new sidewalks throughout and charming community parks and playgrounds, there's a reason people love to call the Cove home. The Cove is conveniently located adjacent to Downtown Panama City where you'll enjoy restaurants, shopping, weekend farmers markets, community festivals and more! This booming area is fast-growing and the proximity to the Cove is remarkable for that fun lifestyle that is desired by so many.

Last Agent to Sell the Property

Carly Sostheim

Corcoran Reverie Listed on: 06/12/2025

Corcoran Reverie

Last Buyer's Agent

Kurt Fadden

Legacy Premier Agency License #SL3484044

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,266

Year Built

  • Built in 2022

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 140x75
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • HardiePlank Type

Interior Spaces

  • Ceiling Fan
  • Electric Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Soaking Tub

Outdoor Features

  • Covered Patio or Porch

Schools

  • Cherry Street Elementary School
  • Jinks Middle School
  • Bay High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Sudduths 10Th Add Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,266

Year Built

Built in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.25
  • Lot Size: 140x75
  • Subdivision Name: Sudduths 10Th Add
  • Architectural Style: Craftsman
  • New Construction: No
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Luxury Vinyl Plank
  • Dining Room Type: Bedroom, Primary Bedroom

Exterior Features

  • Fencing: Fenced, Privacy
  • Construction Type: HardiPlank Type
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Garage Spaces: 2.0
  • Garage: Yes
  • Attached Garage: No

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Lot Features: Sprinkler System, Paved
  • Lot Size Sq Ft: 10890.0
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Multi Family

  • Number Of Units Furnished: None

Tax Info

  • Tax Annual Amount: 6265.56
  • Tax Year: 2024

MLS Schools

  • Elementary School: Cherry Street
  • High School: Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2025
Closed on
Sep 22, 2025
Sold by
Jason And Holly Alves Trust and Alves Jason John
Bought by
Fadden Eve and Fadden Kurt
Seller's Agent
Carly Sostheim
Corcoran Reverie
Buyer's Agent
Kurt Fadden
Legacy Premier Agency
List Price
$535,000
Sold Price
$470,000
Premium/Discount to List
-$65,000
-12.15%
Views
65
Current Estimated Value
$465,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,994
Avg. Annual Appreciation
-4.18%
Original Mortgage
$330,000
Outstanding Balance
$330,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$135,006

Purchase Details

Closed on
Oct 17, 2022
Sold by
Panama City Opportunity Fund Llc
Bought by
Jason And Holly Alves Trust

Purchase Details

Closed on
Nov 3, 2021
Sold by
Henley Steven F
Bought by
Panama City Opportunity Fund Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
2.37%

Purchase Details

Closed on
Oct 17, 2001
Sold by
Campbell Troy R and Campbell Julie
Bought by
Henley Steven F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
6.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $470,000 Florida Legacy Title
Warranty Deed $470,000 --
Warranty Deed $60,000 Attorney
Warranty Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $330,000 New Conventional
Previous Owner $288,000 No Value Available
Previous Owner $85,500 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2025 09/22/25 Sold $470,000 -5.8% $241 / Sq Ft
09/01/2025 09/01/25 Pending -- -- --
08/12/2025 08/12/25 Price Changed $499,000 -3.1% $256 / Sq Ft
07/31/2025 07/31/25 Price Changed $515,000 -3.7% $264 / Sq Ft
06/12/2025 06/12/25 For Sale $535,000 -- $275 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $5,853 $389,546 -- --
2023 $5,853 $354,133 $46,525 $307,608
2022 $1,050 $46,660 $41,160 $5,500
2021 $2,169 $117,899 $0 $0
2020 $1,985 $107,181 $39,322 $67,859
2019 $1,718 $106,263 $37,852 $68,411
2018 $1,691 $111,700 $0 $0
2017 $1,671 $111,517 $0 $0
2016 $978 $103,205 $0 $0
2015 $1,000 $102,488 $0 $0
2014 $980 $101,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 774780

Central Panhandle Association of REALTORS®

APN: 21442-000-000