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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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517 Cove Villa St , Panama City Beach, FL 32407
$365,000
Est. Payment: $2,016.57/mo
3 Bed
2 Bath
1672 Sqft
0.11 Acres
Status: Active | Days on site: 116
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Harrison Lilly Team
Owner/Operator

House Description

Home was taken off market to list for rent; home is now listed for rent and for sale. This upgraded 2021 3BR/2BA home offers a SMALL LOW MAINTENANCE yard and a split floor plan with tray ceilings in the living room and master suite. Recent updates include new LVP flooring, quartz countertops throughout, tile backsplash, new refrigerator and stove, shiplap electric fireplace, recessed lighting, upgraded plumbing fixtures, and door hardware. Custom wooden shelving has been added to all closets and the pantry for excellent organization and storage. The home is pre-wired for two Tesla chargers and sits on a small, low-maintenance yard with new Zoysia grass and palm trees. Additional storage is available above the garage. As a 2021 build, it benefits from some of the lowest insurance premiums on the beach along with a newer roof, AC, and major systems. The community features one of the lowest HOA fees in the area and includes a dog park. Located less than 1 mile from the marina with boat slips and launch, Navy base, and sports complex, this home is just 3 miles from the Gulf beaches. The nearby sports complex drives strong rental demand from traveling baseball teams and tournaments. Perfect as a personal beach home or for generating income, with a projected annual gross rental income of $42,000. This is a move-in ready gem--reach out today for more details or to schedule a showing!

Highlights

Listed by Kristy A Woliver , 850-630-1143 Blue Bird Woliver Realty , 850-630-1143. Bay County Association of REALTORS

Property Type

Residential

Lot/Acreage
0.11

HOA Fee

600 Annually

Year Built

2021

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Emerald Cove Villas

Listing ID

790954

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Air Cond:Central Air
Fireplaces:
Other:
  • ▪ Additional:Double Vanity, Main Level Primary, Soaking Tub, Separate Shower, Walk-In Closet(s)

Exterior Features

Lot:Sprinkler System
Lot Dimensions:50X100X50X100
Zoning:Resid Single Family
Roof:Composition,Shingle,Shake
Sewer:Public Sewer
Principal Interest
$2,017
Taxes
$231
HOA
$600

Home Price

$365,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$73,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,016.57

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $2,016.57 $231.25 $600.00 $2,847.82
Yearly $24,198.87 $2,775.00 $7,200.00 $34,173.87
Total $725,966.07 $83,250.00 $216,000.00 $1,025,216.07

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T03:46:57.000Z

© 2026 Bay County Association of REALTORS