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518 Bunkers Cove Road, Panama City, FL - photo 1

$2,850,000

518 Bunkers Cove Road

Panama City, FL 32401

Estimated payment $14,986/month

HOA not listed, not included · estimated tax · estimated insurance · 20% down, 6.5%, 30 yr

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3Beds
5Baths
4,000Sq Ft
$713Price/Sq Ft

Preferred partner

Kinsfolk Realty

Kinsfolk Signature Realty

Powered by Hometrino

(813) 602-0498

Highlights

Built in 1940
53,143 sqft Lot

About This Home

Experience timeless elegance and waterfront serenity in this extraordinary Mediterranean-inspired estate, perfectly positioned on a sprawling bayfront lot. From the moment you arrive, the home's graceful arches, warm architectural details, and inviting courtyard create an unforgettable first impression, setting the stage for a lifestyle defined by beauty, comfort, and coastal charm. Inside, the residence unfolds with refined sophistication. A spacious living room anchored by a stunning fireplace opens to breathtaking bay views, creating the perfect setting for both relaxed evenings and elegant entertaining. The formal dining room showcases exquisite custom plaster-finished walls, offering a rich and artistic backdrop for memorable gatherings. At the heart of the home, the chef's kitchen is as functional as it is beautiful, featuring a striking brick accent wall, double ovens, a gas range, and an oversized island with a butcher block top. Sunlit and inviting, the eat-in kitchen overlooks both the tranquil koi pond and the sparkling bay beyond, seamlessly blending indoor and outdoor living. Just off the kitchen, a cozy sitting room with its own fireplace provides the perfect retreat for quiet mornings or intimate conversations. The thoughtfully designed split floor plan offers privacy and comfort, highlighted by a luxurious master suite that includes a rare original 1940 greenhouse feature, adding a touch of history and charm. The spa-like master bathroom invites relaxation with a large soaking tub, separate shower, and an expansive walk-in closet. Three additional bedrooms, each with their own full bathrooms, ensure comfort for family and guests alike, with one guest suite featuring its own fireplace for added warmth and character. A gallery-style hallway runs through the home, offering the perfect space to display art and personal collections. Outdoors, the property transforms into a true private oasis. Multiple water features, including a beautifully stocked koi pond, create a peaceful, resort-like atmosphere. The custom covered patio and pergola with an outdoor fireplace and built-in grilling area make entertaining effortless, while the expansive lawn stretches to the water's edge, complete with a seawall and direct bay access. Adding a sense of fun and uniqueness, the grounds also feature a zip line and a custom playhouse, making this estate as playful as it is luxurious. Blending classic Mediterranean architecture with modern comforts and unparalleled waterfront living, this one-of-a-kind property offers a lifestyle that is both elegant and unforgettable. Whether enjoying quiet sunsets over the bay or hosting gatherings under the stars, this home is a rare opportunity to own a true coastal masterpiece.

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Facts & features

Bedrooms & bathrooms

  • •Bedrooms:3
  • •Bathrooms:5 (4 full, 1 half)
  • •Full bathrooms:4
  • •Half bathrooms:1

Heating

  • •Has Heating:Yes

Interior area

  • •Total structure area:4,000 sqft
  • •Total interior livable area:4,000 sqft

Parking

  • •Parking features:N/A
  • •Garage spaces:0
  • •Has attached garage:No

Lot

  • •Size:53,143 sqft

Details

  • •Parcel number:N/A

Type & style

  • •Home type:Detached Single Family
  • •Property subtype:Residential

Materials

  • • N/A

Condition

  • •Year built:1940

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Price history

DateEventPrice
2026-09-10T00:00:00.000ZListed for sale$2,850,000$713/sqft

Listing Agent

Charles W Commander

Century 21 Commander Realty Inc

Brokerage Phone: 850-769-8326

Source: Emerald Coast MLS · MLS #1011673

Data Powered by Home Junction, Inc.

Nearby

Schools

MERRIAM CHERRY STREET ELEMENTARY

Elementary · 0.8 mi

MARGARET K. LEWIS IN MILLVILLE

Elementary · 1.5 mi

AMIKIDS MARITIME ACADEMY

High · 1.6 mi

Supermarkets

Asia Market 2

1.7 mi

Abundant Organic & Naturals Co-op

1.8 mi

Grocery Outlet

1.9 mi

Dining

BWords Pizza Palace

0.3 mi

Dixie Fish Company

0.7 mi

Caffe Del Mundo

0.8 mi

Parks

Cove Park

0.3 mi

George Park

1.2 mi

Millville Waterfront Park

1.4 mi

Beaches

Delwood Beach

4.3 mi

St. Andrews State Park Beach

5.5 mi

Panama City Beach

10.1 mi

Nearby amenity locations include data © OpenStreetMap contributors.