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Harrison Lilly Team

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

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720 Bunkers Cove Rd , Panama City, FL 32401
$1,899,000
Est. Payment: $10,491.70/mo
4 Bed
3 Bath
3233 Sqft
1.02 Acres
Status: Active | Days on site: 1
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Harrison Lilly Team
Owner/Operator

House Description

Life waterfront is truly lived deep in the Cove on Bunkers Cove Road. This fully-renovated, single-level, four-bedroom, three-bath waterfront home with NO HOA sits back from the road on a one-acre homesite shaded by mature oaks and magnolias. With 153 feet of waterfront, it offers pure bay views that will take your breath away at 20' elevation. Enjoy a Florida room with vaulted ceilings and 180-degree bay views. Slide the glass doors open and and step into an oasis. All built in 2024, swim in the saltwater, heated pool, lounge on the sun shelf, or unwind in the built-in spa while you entertain year-round. The covered cabana was designed specifically with gatherings in mind and offers a gas fireplace and Coyote outdoor kitchen appliances and features consistent limestone flooring continuing on from the pool deck and patio. Even with a pool and summer kitchen, this back yard still lives big! Fenced in, plenty of privacy and room to play. Stroll down to the dock, where you've got deep water, with pilings existing and prepped for a boat lift with water and 50-amp power already in place. From home, you're minutes by boat from the open Gulf pass and Shell Island with no idle speed zones in between. Just over 3,200 square feet, inside, three of the four bedrooms wake up to pure bay views, including the waterfront primary suite, your own private sanctuary. Large enough for a sitting area overlooking the pool and Bay and includes a deep, walk-in closet. Its oversized bath is flooded with natural light and features double vanities with incredible counter space, a walk-in tiled shower, a free-standing soaking tub, a separate water closet, a linen closet, and ample storage. Two large, waterfront guest bedrooms are accessible from the hallway and a guest bath offers a tiled, shower-tub combo, beautiful tiled floors and a large double vanity. The fourth bedroom is located on the opposite side of the home and features an en suite bath with Carrera marble flooring and a deep turquoise tiled shower. As you step through the front door, your eyes are drawn directly to the waterfront with glass spanning the back of the home. The open concept was well-designed and the heart of the home is this stunning kitchen, made for gathering, with GE Café appliances, quartz countertops, a zellige tile backsplash, and a walnut island. Linger over breakfast at the built-in walnut banquette, or settle in by the fireplace beneath the vaulted living room ceilings. Custom millwork and modern coastal shiplap ceilings and walls bring warmth and character to the great room, kitchen, and Florida room. Just off the kitchen is a large laundry room with sink, a built-in mudroom nook off the carport. This home offers consistent LVP flooring throughout every inch of this home is in immaculate condition. Outside the carport is a separate, 300 square foot heated and cooled space with mini-split and is ready to become your home gym, office, workshop, or climate controlled storage. Peace of mind is built in this home. The home was gutted to the studs in 2022, with all plumbing and electrical replaced. It also offers concrete block construction, a hidden safe room inside the home, a 2019 roof, impact hurricane-rated windows, and a whole-home generator. At 20' elevation and X flood zone, it makes this a rare find on the water sitting high above the others. A deep water well with sprinkler system irrigates the lawn. Bunkers Cove Road is a street that people wait their entire lives to live on. It's a rare waterfront homesite offering one full acre of pure bay views and sits across the street from a city-maintained community park offers swings, a playground, benches, and a walking path. The Cove neighborhood is golf cart friendly, and Historic Downtown shopping and dining are minutes away. This location. This waterfront. Your legacy. Special financing incentives available on this property from SIRVA Mortgage.

Highlights

Listed by Sostheim Group , 850-814-4560 Corcoran Reverie SRB , 850-231-5030. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
1.02

Year Built

1959

County

Bay

Area

27 - Bay County

Neighborhood

Cove Park Addn

Listing ID

1013314

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Washer
Air Cond:Central Air
Fireplaces:Fireplace
Floor:Floor Tile
Other:
  • ▪ Additional:Breakfast Bar, Ceiling Beamed, Ceiling Vaulted, Fireplace, Kitchen Island, Lighting Recessed, Pantry

Exterior Features

Lot:Curb & Gutter,Sidewalk,Within 1/2 Mile to Water,Bay
Lot Dimensions:75x386x153x423
Zoning:Resid Single Family
Others:
  • ▪ Additional:BBQ Pit/Grill, Boat Slip, Fenced Back Yard, Pool - Gunite Concrt, Sprinkler System, Patio Covered, Patio Open, Fenced Privacy
Sewer:Public Sewer
Parking Features:Carport Attached,Oversized

Open House

Upcoming Open Houses
Wednesday 11:00 am - 4:00 pm Oct 7
Thursday 10:00 am - 1:00 pm Oct 8
Principal Interest
$10,492
Taxes
$1,898

Home Price

$1,899,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$379,800
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:
$10,491.70

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,491.70 $1,897.85 $0.00 $12,389.55
Yearly $125,900.42 $22,774.20 $0.00 $148,674.62
Total $3,777,012.53 $683,226.00 $0.00 $4,460,238.53

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, 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 Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T04:14:31.000Z

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