501 Wood Trail Panama City, FL 32405
Estimated payment $3,379/month
Highlights
- Marble Flooring
- Outdoor Fireplace
- Covered Patio or Porch
- Traditional Architecture
- Corner Lot
- Breakfast Area or Nook
About This Home
Crafted by the renowned Koehnemann Construction, this beautiful home in the coveted ''The Woods Phase 3'' community offers a true suburban retreat on a generous half acre lot. The professionally landscaped grounds create a serene backdrop for relaxing and entertaining, while the fenced backyard—complete with patio and screened back porch—provides an inviting outdoor oasis.
Inside, you'll find four bedrooms and three full bathrooms. A cozy den and a spacious family room offer comfortable gathering spaces, while a bright breakfast nook and a grand dining room provide plenty of options for both casual meals and formal entertaining. The large primary suite includes its own exit to the backyard, and both the living room and dining room open onto the patio and back porch as well, creating seamless indoor-outdoor flow throughout the home.
This property has been meticulously updated over the years: fresh interior paint and granite kitchen countertops in 2016, a new roof in 2018, updated carpeting and flooring in 2019, replacement windows and doors in 2022, a new air conditioning unit and hot water tank in 2023, and, as recently as 2025, a termite inspection and the addition of the screened back porch ideal for year round enjoyment.
Beyond your doorstep, neighborhood parks, trails, and local amenities enhance the outdoor lifestyle this home supports. With convenient access to Highway 390 (1.8 miles), Highway 98 (1.5 miles), US 231 (2.5 miles), and Panama City Beach's world renowned sugary shore just 11 miles away, everyday errands and weekend adventures are at your fingertips. The highly motivated sellers have shared many wonderful memories in this community and have enjoyed their dynamic home.. They are excited to leave this beautiful home to the future owners. Contact your favorite Realtor today to schedule a tour and discover why this could be your next home.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,276
Year Built
- Built in 1997
Lot Details
- 0.51 Acre Lot
- Fenced
- Landscaped
- Corner Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
Home Design
- Traditional Architecture
- Brick Exterior Construction
Interior Spaces
- 1-Story Property
- Fireplace
Kitchen
- Breakfast Area or Nook
- Dishwasher
- Kitchen Island
Flooring
- Carpet
- Marble
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Split Bedroom Floorplan
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Covered Patio or Porch
- Outdoor Fireplace
Schools
- Hiland Park Elementary School
- Jinks Middle School
- Bay High School
Utilities
- Central Heating and Cooling System
- Water Rights
Community Details
- Property has a Home Owners Association
- Association fees include legal/accounting
- The Woods Phase 3 Subdivision
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 | $3,535 | $239,806 | -- | -- |
| 2023 | $3,535 | $232,821 | $0 | $0 |
| 2022 | $3,352 | $226,040 | $0 | $0 |
| 2021 | $3,272 | $219,456 | $0 | $0 |
| 2020 | $3,268 | $216,426 | $0 | $0 |
| 2019 | $2,760 | $211,560 | $0 | $0 |
| 2018 | $2,540 | $207,615 | $0 | $0 |
| 2017 | $2,457 | $203,345 | $0 | $0 |
| 2016 | $2,449 | $199,163 | $0 | $0 |
| 2015 | $2,503 | $197,779 | $0 | $0 |
| 2014 | $2,458 | $196,209 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | Price Changed | $582,900 | -0.5% | $260 / Sq Ft |
| 07/25/2025 07/25/25 | For Sale | $585,900 | -- | $261 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $147,000 | Unknown |
Source: Central Panhandle Association of REALTORS®
MLS Number: 776778
APN: 12987-176-000
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.
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