This is a property you must see to believe. With over 7,200 sq. ft. of heated and cooled living space, 6 bedrooms, 5 bathrooms, 2 half baths, an office, a theater room, entertainment area w/ built-in wet bar and an expansive outdoor oasis, this home can accommodate a very large amount of people comfortably. The grand foyer entrance sets the tone for the rest of the home with high ceilings & large window for plenty of natural light. Speaking of natural light, there are windows & glass doors along the entire back of the home offering beautiful views from almost every room w/ access to the first- and second-floor patios. Located on the 1st floor is the primary suite w/ a fireplace and massive bathroom. The bathroom features double vanities, a double entry walk-through tiled shower, stand-alone copper soaking tub, separate water closet, two walk-in closets that both have shelving & drawers built-in, plus an additional linen closet. Also, on the 1st floor, there is an additional large suite with private bathroom featuring a custom tile shower. The gourmet kitchen boasts plenty of counter space & cabinetry, breakfast nook, high-end Liebherr Refrigerator, beverage cooler, undercounter ice maker & a double drawer Monogram cooling center. Need to prepare for a large meal or big party? No problem! This kitchen has a professional-grade 5 Star gas stove w/ 6 burners, grill plate, griddle, decorative tile hood vent, double ovens w/ additional warming rack, separate undercounter warming rack built into the island, and a pot filler! Cleanup is a breeze w/ 3 separate sinks, including 1 farmhouse & 1 prep sink & 2 Bosch Silence Plus dishwashers. With a separate butler's pantry, half bath, wine cellar & formal dining room, you can feel confident hosting that big event, sports viewing, or any other get-together you may have! The open kitchen/living area is an entertainer's dream and the double-sided fireplace that is also shared w/ the office creates a nice ambiance. On the second floor, you are greeted at the top of the sweeping staircase w/ a 19' x 29' landing area complete w/ custom wet bar including a microwave, dishwasher, beverage cooler & undercounter ice maker. All this with beautiful water views & second-floor patio access. The second floor also features a 12-seat theater room w/ leather recliners, perfect for movie nights, gaming, or simply relaxing. There are 3 bedrooms on this floor, all offering a unique experience. One bedroom has its own private en suite, a steam shower center & access to the patio. Another bedroom has a cute reading nook & additional large room that could be used for storage, crafts or many other options. The last room on this floor would be great for guests w/ a full bathroom just outside of its door & access to the patio. The 3rd floor ''Eagle's Nest'' is another great flex area. It has a bedroom w/ private en suite, plus amazing views of the lagoon. Outside is breathtaking, w/ a beautifully landscaped yard that includes a paver stone terrace, two built-in paver fireplaces w/ matching seating built around them for enjoying those nice evenings sitting by the water. The pool w/ built-in hot tub & the outdoor wet bar are perfect for those hot summer days. .. grab a drink, jump in & cool off or warm up & relax in the spa. The seawall was redone within the last three years, and composite decking was added all the way around for hassle-free maintenance. With over $500,000 in upgrades & additions, this property offers a level of quality, functionality, and luxury that is truly hard to find. The laundry room has built-in cabinets, there is a home generator, an elevator, multiple storage closets, high ceilings, ceiling fans throughout, travertine floors, and a tile roof that is less than ten years old. This home has it all! Don't miss the opportunity to own this elegant home in the highly sought-after Bay Point Community. This is more than a home-it is an exceptional waterfront lifestyle.
Single-familyProperty Type
2006Year Built
0.44 acresLot Size
$435Price/Sq.Ft.
$146/moHOA Dues
4 car garageParking
Listed by Dennis M. Dunnigan, Sr. Dunnigan• Coastal Choice Realty LLC
Listed by Ashley Dunnigan• Coastal Choice Realty LLC
Bonefish Pointe, located between Grand Lagoon and St. Andrews Bay, is a waterfront and residential Upper Grand Lagoon neighborhood with canal-front docks and Gulf breezes. The neighborhood reads as low-slung coastal townhomes and compact single-family streets oriented toward the water. Much of the local energy concentrates around the Thomas Dr and Richard Jackson Blvd corridor, where marinas, bait-and-tackle counters, and beachwear storefronts set a salt-air tempo. Community touchstones include Capt. Anderson’s Restaurant & Waterfront Market, Schooners Last Local Beach Club, and St. Andrews State Park. Days tend to revolve around boat ramps, paddle routes, and sunset views across the lagoon. The setting keeps errands and recreation tied to the shoreline rather than big boulevards.
Provided by Walk Score and Local Logic
Offer insights
550 Wahoo Rd · $3,150,000
$3.14M and above
75% chance or better to win
Why $3.14M+ is a strong offer
DAYS ON MARKET
12 days
The average home goes pending in 78 days.
SALE-TO-LIST
97.2%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Double vanity
Fireplace
Interior steps
Bath in primary bedroom
Main level primary bedroom
Soaking tub
Separate shower
Walk-in closet(s)
Bedrooms
Primary bedroom on main level
Bedrooms located on first, second, and third levels (multiple bedrooms total)
Bathrooms
5 full bathrooms
2 half bathrooms
Kitchen
Bar fridge
Gas oven
Gas range
Icemaker
Warming drawer
Heating & cooling
Central heating
Electric heating
Fireplace heating
Central air conditioning
Ceiling fans
Ductless cooling
Exterior features
Deck
Balcony
Covered patio/porch
Patio
Porch
Private in-ground pool
Sprinkler system
Paved areas
Cul-de-sac lot
Lagoon frontage
Seawall
Home design
Three-story home
Slab foundation
Tile roof
Resid Single Family zoning
Parking
Attached garage with 4 spaces
Additional gated parking
Security
Gated community with guard
Security gate
Security service
Construction
Built on slab foundation
Tile roofing
Utilities
Electricity available
Public sewer
HOA & community
Homeowners association with annual fee
Annual association fee of $1,750
Association management included
Association amenities include gated community and gazebo
* * 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.
CPARMLS #720941
Mar 16, 2022
Price Changed
$2,490,000
$344/sq ft
Feb 1, 2022
Listed
$2,690,000
$372/sq ft
CPARMLS #709949
Nov 18, 2021
Sold
$1,250,000
$173/sq ft
Jan 1, 2021
Listed
$1,500,000
$207/sq ft
CPARMLS #640944
Dec 14, 2021
Listing Removed
—
Feb 8, 2016
Listed
$1,875,000
$259/sq ft
CPARMLS #621767
Dec 9, 2021
Listing Removed
—
Jul 1, 2014
Listed
$1,800,000
$249/sq ft
CPARMLS #398659
Dec 9, 2021
Listing Removed
—
Sep 9, 2009
Listed
$1,499,000
$207/sq ft
NAMLS #746005
Feb 2, 2017
Listing Removed
—
Feb 8, 2016
Listed
$1,875,000
$259/sq ft
NAMLS #710157
Jan 31, 2015
Listing Removed
—
Jul 1, 2014
Listed
$1,800,000
$249/sq ft
Public Records
Jul 9, 2012
Sold
$1,300,000
$180/sq ft
CPARMLS #603283
Jun 19, 2012
Sold
$1,200,000
$166/sq ft
Apr 20, 2012
Listed
$1,499,000
$207/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$24,989 (−3.3%)
$129,961 + $1,943,995
$2,073,956
2024
$25,841 (+66.0%)
$129,961 + $1,969,539
$2,099,500
2023
$15,571 (+23.7%)
2022
$12,587 (−2.3%)
$106,400 + $978,410
$1,084,810
2021
$12,882 (+4.0%)
$106,400 + $964,412
$1,070,812
2020
$12,391 (−1.0%)
$107,950 + $945,013
$1,052,963
2019
$12,513 (−2.2%)
$92,863 + $957,483
$1,050,346
2018
$12,793 (−5.8%)
$86,700 + $969,954
$1,056,654
2017
$13,578 (+1.8%)
$91,800 + $982,424
$1,074,224
2016
$13,342 (−3.2%)
$91,800 + $944,424
$1,036,224
2015
$13,786 (−5.0%)
$90,000 + $951,564
$1,041,564
2014
$14,510
Public record
Public record
Permits
Beds
5
Baths
5
Stories
2
Lot width
37 ft.
Lot depth
207 ft.
Lot size
7,623 Sq. Ft.
Year renovated
2016
Finished Sq. Ft.
6,238
Unfinished Sq. Ft.
—
Total Sq. Ft.
6,238
Year built
2006
Style
Single Family Residential
County
Bay County
APN
31259598000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 18, 2026.
Nov 12, 2024 • Final
Mechanical
HVAC
Jul 30, 2021 • Final
Roof
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 21 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Panama City, FL • 32408
Average low and high temperatures (°F)
60
45
67
54
73
59
78
65
82
72
88
77
90
80
88
77
87
75
81
66
74
60
66
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 550 Wahoo Rd
$3,039,915
$110K under list price of $3.15M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $535K to $970K.