Check Availability
$715,000
↓ $35K (4.7%)
● House - For Sale

127 Terrapin Close

Panama City Beach, FL 32413
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,439 Ft²
$3,844
Est. Monthly

About This Property

Where coastal charm meets everyday luxury, welcome to 127 Terrapin Close. Nestled in one of Panama City Beach's most desirable residential communities, this beautifully maintained 5-bedroom, 2.5-bath home offers over 2,400 square feet of thoughtfully designed living space just minutes from the area's sugar-white beaches, Pier Park, Frank Brown Park, and Northwest Florida Beaches International Airport.
The open-concept floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for entertaining and everyday living. The updated kitchen features granite countertops and custom cabinetry, while the first-floor primary suite offers privacy and convenience. Upstairs, four additional bedrooms and a versatile loft provide flexibility for family, guests, a home office, or playroom.
Enjoy your morning coffee on the screened porch or unwind on the balcony after a day at the beach. Oversized closets, a spacious two-car garage, and recent HVAC updates add comfort and peace of mind. Unlike many Panama City Beach communities, short-term rentals are prohibited, preserving the neighborhood's peaceful residential atmosphere. Residents also enjoy resort-style amenities including a community pool, clubhouse, pickleball and tennis courts, an amphitheater, and beautifully maintained common areas. This home offers the perfect blend of coastal living, modern comfort, and an exceptional location.
Unit Size
2,439 Ft²
Days on Market
133 days
Land Size
0.09 acres
Price per sqft
$293
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
2015

Listed By

Ryan C Jones
Lighthouse Realty Group, Inc

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Last updated: 3 months ago (ECAR #1006788)

Price History

Date / Event Date Event Price
Sep 1, 2026 Price Decreased $715,000
↓ $35K (4.7%)
Price Decreased
Jul 2, 2026 Listed by Compass $749,900
Listed by Compass
Dec 21, 2017 Sold
Sold
Sep 28, 2015 Sold
Sold

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Breakfast Bar, Kitchen Island, Ceiling Raised, Ceiling Tray/Cofferd, Washer/Dryer Hookup
Appliances: Cooktop, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Water Heater, Auto Garage Door Opn, Oven Self Cleaning, Smoke Detector, Stove/Oven Electric
Flooring Type: Floor Tile, Floor WW Carpet
Rooms: 9
Exterior Details
Square Footage: 2439
Property Condition: Construction Complete
Architectural Style: Florida Cottage
Year Built: 2015
Building Area Total: 2439
Window Features: Double Pane Windows
Construction Materials: Frame, Siding CmntFbrHrdBrd, Trim Vinyl
Patio and Porch Features: Porch, Screened
Pool Features: Pool Type
Lot Features: Cul-De-Sac, Covenants, Curb & Gutter, Restrictions, Sidewalk, Within 1/2 Mile to Water
Lot Size Area: 0.09
Lot Size Units: Acres
Lot Size Acres: 0.09
Lot Size Square Feet: 3920.4
Lot Size Dimensions: 42X107
Water Source: Public
Financial Details
Tax Assessed Value: $818
Tax Annual Amount: $3,993
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Trash, Ground Keeping

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,051
  • Total Building Area: 2,839
  • Gross Building Area: 2,839
  • Building Area: 2,439
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,439
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TURTLE COVE AT LAKE POWELL
  • Land Acres: 0000000093
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: TURTLE COVE AT LAKE POWELL LOT 51 ORB 4038 P 1987

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002706

Zoning

  • Zoning: PCB09

Geography

  • Parcel: 36068-151-000
  • Lot: 51
  • Meridian: SEC 04 TWN 03S RNG 17W
  • Municipality: CITY OF PANAMA CITY BEACH
  • Latitude: 30.2636
  • Longitude: -85.9572

    Address

  • Full Address: 127 Terrapin Close
  • Address - House Number: 127
  • Address - Street Name: Terrapin Close
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: R025
  • 4-Digit Zip Code: 8437
  • Zip Code: 32413

Valuation

    Tax

  • Total Area: 2,796
  • Tax Year: 2023
  • Tax Amount: $368,167
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 703,911
  • High Value: 869,589
  • Low Value: 538,233

    Market Valuation

  • Market Total Value: $527,650
  • Market Land Value: $59,086
  • Market Improvement Value: $468,564

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $319,244

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2017
  • Current Sale Recording Date: Dec 21, 2017
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017073141
  • Previous Sale Recording Date: Sep 28, 2015
  • Previous Sale Contract Date: Sep 25, 2015
  • Previous Sale Amount: $302,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 127 Terrapin Close built and last sold?
The property at 127 Terrapin Close was built in 2015 and last sold on Dec 19, 2017 for $330,000.
How much is this home worth?
The estimated value of the home located at 127 Terrapin Close is $722,150.
What are some comparable homes to 127 Terrapin Close?
There are currently no comparable homes to 127 Terrapin Close.