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Sold for $2,470,000
  • $2,470,000

    550 Wahoo Rd, Panama City Beach, FL 32408

    5beds
    6,379sqft
    Single Family Residence
    Built in 2006
    0.44 Acres Lot
    $2,758,600 Zestimate®
    $387/sqft
    $7,270 Estimated rent

    Home value

    $2,758,600

    $2.51M - $3.06M

    $7,270/mo

    Zestimate® history
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    What's special

    **ELEVATOR INCLUDED AND DEP & USACOE DOCK PERMITS IN PLACE** Featuring over 6,300 sq. ft., this impressive waterfront estate is a highlight of the exclusive Bonefish Pointe within Bay Point in Panama City Beach, FL. and MUST be seen in person to be appreciated. An incredible remodel was just completed in 2022 by a builder from the Washington D.C. area who pulled out all the stops. Starting outside, the outdoor living space is incredible. Boasting incredible lighting, impressive deck space, multiple fire pits and seating areas, an amazing pool and hot tub, bar and plenty of covered area, you can easily host gatherings of 300 people or more..all while overlooking the stunning, expansive water views. Inside, enjoy these same phenomenal views from almost every room. Beautiful travertine floors highlight the gorgeous, large formal living and dining rooms. The primary suite is secluded on the first floor for privacy and boasts a large soaking tub and separate shower in the bath with plenty of space throughout. Enjoy a game of pool or sip a cocktail at the bar in the second floor recreation area...an impressive space overlooking the first floor with access to the second floor balcony. After relaxing here, take a few steps down to the 12-person theater to take in your favorite movie and a bowl of popcorn. The third floor features a bonus room that could be an office, exercise room or bedroom...again with wonderful views of the water. Back on the first floor, you will find everything you need in the massive kitchen including a prep area, wine cellar, wine fridge, expansive island and more. Park four vehicles and a golf cart in the garage and easily fit 10 vehicles or more in the driveway. **New Roof in 2018, New A/C units, the pool has been redone with a new pool heater and a new pump installed. The exterior of home has been re-stucco-ed with new gutters, new railings, new pavers and all new landscaping. The house has all new custom lighting throughout the house and all new hardwood flooring on the 2nd and 3rd floor** Rental projections attached. Make an appointment today to view this awesome estate.

    Zillow last checked: 8 hours ago

    Listing updated: December 02, 2025 at 12:11am

    Listed by:

    Craig Duran 850-290-0417,

    Berkshire Hathaway HomeServices Beach Properties of Florida

    Bought with:

    Dennis M Dunnigan, 3316049

    Coastal Choice Realty LLC

    Source: CPAR,MLS#: 731370MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 4
    • 1/2 bathrooms: 2
    Primary bedroom
    • Level: First
    • Dimensions: 24 x 18
    Bedroom
    • Level: Second
    • Dimensions: 17 x 14
    Bedroom
    • Level: First
    • Dimensions: 20 x 18
    Bedroom
    • Level: Second
    • Dimensions: 12 x 11
    Bedroom
    • Level: Second
    • Dimensions: 22 x 15
    Bonus room
    • Level: Third
    • Dimensions: 24 x 14
    Great room
    • Level: First
    • Dimensions: 25 x 24
    Kitchen
    • Level: First
    • Dimensions: 24 x 16
    Media room
    • Level: Second
    • Dimensions: 16 x 14
    Office
    • Level: First
    • Dimensions: 21 x 19
    Other
    • Dimensions: 8 x 10
    Recreation
    • Level: Second
    • Dimensions: 18 x 24
    Storage room
    • Level: Second
    • Dimensions: 16 x 14
    Heating
    • Central, Electric, Fireplace(s)
    Cooling
    • Central Air, Ceiling Fan(s), Multi Units
    Appliances
    • Included: Bar Fridge, Convection Oven, Electric Oven, Electric Water Heater, Gas Cooktop, Gas Oven, Ice Maker, Wine Cooler, Warming Drawer
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Coffered Ceiling(s), Storage
    • Has fireplace: Yes
    Interior area
    • Total structure area: 6,379
    • Total interior livable area: 6,379 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Patio & porch: Balcony, Deck
    • Exterior features: Barbecue, Covered Patio, Deck
    • Pool features: Gas Heat, In Ground, Other, See Remarks, Pool
    • Fencing: Partial
    • Has view: Yes
    • View description: Bay, Lagoon
    • Has water view: Yes
    • Water view: Bay,Lagoon
    • Waterfront features: Bay Access, Lagoon, Seawall
    • Frontage length: 207
    Lot
    • Size: 0.44 Acres
    • Dimensions: 37 x 207 x 150 x 207
    • Features: Cul-De-Sac, Sprinkler System
    Details
    • Parcel number: 31259598000
    • Zoning description: Resid Single Family
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Mediterranean
    • Property subtype: Single Family Residence
    Condition
    • Year built: 2006

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected, Electricity Available, Phone Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Security Service
    Community
    • Community features: Golf, Gated, Marina, Tennis Court(s), Waterfront, Barbecue, Bulkhead, Short Term Rental Allowed
    Location
    • Region: Panama City Beach
    • Subdivision: Bonefish Pointe

    Price history

    DateEventPrice
    2/27/2023Sold$2,470,000-1.1%$387/sqft
    Source: CPAR #731370 Report a problem
    12/14/2022Contingent$2,498,000$392/sqft
    Source: CPAR #731370 Report a problem
    8/26/2022Listed for sale$2,498,000+0.3%$392/sqft
    Source: CPAR #731370 Report a problem
    4/13/2022Listing removed--
    Source: CPAR #720941 Report a problem
    3/16/2022Price change$2,490,000-7.4%$390/sqft
    Source: CPAR #720941 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$25,841 +66%$2,099,500 +75.9%
    2023$15,571 +23.7%$1,193,291 +10%
    2022$12,587 $1,084,810

    Find assessor info on the county website

    Neighborhood: Upper Grand Lagoon

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Patronis
    • Middle: Surfside
    • High: Arnold

    Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $2,758,600
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    With Zillow Showcase(estimated)$2,813,772