NOT LISTED FOR SALE

500 Bunkers Cove Rd Panama City, FL 32401

Estimated Value: $1,546,000 - $1,769,897

6 Beds
7 Baths
5,299 Sq Ft
$309/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $1,200,000 $226 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,982/month

25 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • RV Access or Parking
  • Vaulted Ceiling
  • In Ground Pool
  • Maid or Guest Quarters
  • Traditional Architecture

About This Home

As of September 2021

Reigning as one of the most sought-after locations in the panhandle, this iconic Bunkers Cove waterfront estate affords breathtaking views of St. Andrews Bay and is embodied with rich history of the Sudduth family and the vision of developer, H.L. Sudduth, that is still being carried out to this day. Built by the Sudduth Family as their primary residence in 1932, this prominent and historic home sits on 1.36 ACRES and 3 homesites. The value of this land is incredible! Leader of the family, H.L. Sudduth, is credited for the development of the Cove neighborhood from inception over 100 years ago and chose this specific homesite for his own private residence as it epitomizes the luxury, waterfront lifestyle while still offering the privacy desired.

Last Agent to Sell the Property

Carly Sostheim

Corcoran Reverie SRB License #3467605 Listed on: 08/25/2021

Corcoran Reverie SRB

Last Buyer's Agent

Carly Sostheim

Corcoran Reverie SRB License #3467605 Listed on: 08/25/2021

Corcoran Reverie SRB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,284

Year Built

  • Built in 1926

Lot Details

  • 1.36 Acre Lot
  • Lot Dimensions are 106x166x308x120x325
  • Property Fronts a Bay or Harbor
  • Irregular Lot
  • Lawn Pump

Parking

  • 2 Car Detached Garage
  • Guest Parking
  • RV Access or Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Shingle Roof

Interior Spaces

  • 5,299 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Fireplace
  • Bay Window
  • Living Room
  • Dining Area
  • Wood Flooring
  • Bay Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 7 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Open Patio
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Sudduths 3Rd Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21041-000-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,284

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 1.36
  • Lot Size: 106x166x308x120x325
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: SUDDUTHS 3RD ADDN
  • Directions: From 23rd Street, go north on Cove Boulevard. Turn left onto Bunkers Cove Road.
  • Architectural Style: Traditional
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1926
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Waterfront:Bay: Yes
  • Waterview:Bay2: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Dining Area: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric
  • Full Bathrooms: 7
  • Total Bedrooms: 6
  • Interior Amenities: Breakfast Bar, Ceiling Beamed, Ceiling Raised, Fireplace, Floor Hardwood, Furnished - None, Guest Quarters, Kitchen Island, Window Bay
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Fireplace: Yes
  • Interior:Window Bay: Yes
  • Interior:Ceiling Beamed: Yes
  • Interior:Guest Quarters2: Yes

Exterior Features

  • Lot Features: Irregular, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Bay
  • Waterfront Features: Bay
  • Waterfront: Yes
  • Construction Type: Brick, Roof Composite Shngl
  • Exterior Features: Hot Tub, Lawn Pump, Patio Open, Pool - In-Ground, Porch
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • ConstructionSiding:Brick: Yes
  • ConstructionSiding:Roof Composite Shngl: Yes
  • Lot Features:Irregular: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage, Garage Detached, Guest, RV
  • General Property Info:Garage2: Yes
  • Rooms:Garage5: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Garage Detached: Yes
  • Parking Features:Guest: Yes
  • Parking Features:RV: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water

Schools

  • Elementary School: Cherry Street
  • High School: Bay
  • Middle Or Junior School: Jinks

Lot Info

  • Lot Size Sq Ft: 59241.6
  • Parcel #: 21041-000-000
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14284.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Oct 1, 2021
Sold by
Nichols Christine Claire
Bought by
Trumbull Jay N and Trumbull Tammy M
Seller's Agent
Carly Sostheim
Corcoran Reverie SRB
Buyer's Agent
Carly Sostheim
Corcoran Reverie SRB
List Price
$1,200,000
Sold Price
$1,200,000
Current Estimated Value
$1,531,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,609
Avg. Annual Appreciation
8.21%

Purchase Details

Closed on
May 25, 2021
Sold by
Nichols Romaine Charles
Bought by
Nichols Christine

Purchase Details

Closed on
Feb 16, 2001
Sold by
Rochester William L
Bought by
Nichols Romaine Charles and Nichols Christine C
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Trumbull Jay N $1,200,000 Attorney
Nichols Christine -- Accommodation
Nichols Romaine Charles $730,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $1,200,000 0.0% $226 / Sq Ft
09/19/2021 09/19/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $1,200,000 -- $226 / Sq Ft
Source: Emerald Coast 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 $20,412 $1,405,996 -- --
2023 $20,412 $1,355,307 $768,096 $587,211
2022 $16,342 $1,050,125 $696,325 $353,800
2021 $14,511 $905,275 $658,149 $247,126
2020 $14,284 $877,639 $655,095 $222,544
2019 $14,224 $880,014 $655,095 $224,919
2018 $15,957 $1,053,840 $0 $0
2017 $14,832 $989,700 $0 $0
2016 $14,993 $977,665 $0 $0
2015 $15,159 $961,347 $0 $0
2014 $15,079 $964,442 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carly Sostheim

    Seller's Agent in 2021

    Carly Sostheim

    Corcoran Reverie SRB

    (850) 814-4560

    358 Total Sales

    Carly Sostheim
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 877141

Emerald Coast Association of REALTORS®

APN: 21041-000-000

Florida Bay County Panama City 32401

500 Bunkers Cove Rd, Panama City, FL

This home is located at 500 Bunkers Cove Rd, Panama City, FL 32401 since 25 August 2021 and is currently estimated at $1,635,974, approximately $308 per square foot. This property was built in 1926. 500 Bunkers Cove Rd is a home located in Bay County with nearby schools including Merriam Cherry Street Elementary School, Jinks Middle School, and Bay High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® 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.

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