Waterfront
Address
5 Blue Crab Lane, Panama City Beach, FL
Price
$ 2,950,000
Property Attributes
- MLS#780535
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City Beach
- Area03 - Bay County - Beach
- NeighborhoodPalmetto Bluff
- Zip32413
- Style
- Year Built1987
- Taxes$ 8049
- Price$ 2,950,000
- Bedrooms4
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4939
- Lot Size0.9 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach. Inside, you'll find an open gourmet kitchen and working pantry that connects easily to the main living areas, a custom fireplace, and plenty of natural light. Spacious bedrooms throughout the home provide flexibility for family and guests, and the expansive third-floor deck has the best views on the lake. With its own private dock, the lake becomes an extension of the backyard. Step outside to enjoy the screened pool, large deck, boat slip, and parking for up to ten vehicles. Recent updates include a new roof in 2025 and a heated and cooled garage. With exquisite craftsmanship throughout and panoramic lake views from nearly every vantage point, this property is a rare gem for discerning buyers seeking coastal elegance and lakefront living. Located in the gated community of Palmetto Bluff, residents enjoy a large neighborhood green space and community dock. Recently appraised at $4.2 million, this home is priced to sell.
| Elementary School | Middle School | High School |
|---|---|---|
| West Bay Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 10/17/2025 | Listed $4,000,000 |
| 2/3/2026 | 1$3,950,000 |
| 5/11/2026 | 25$2,950,000 |
General Features
| Utilities | ElectricityAvailable |
|---|---|
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2024 |
| County | Bay |
| Property Type | Residential |
| HOA | true |
| Subdivision Name | Palmetto Bluff |
| Special Listing Conditions | ListedAsIs |
| Status | Active |
| Directions | From Hwy. 98, take Gainous Rd. north, then right on Lakeview Drive. Blue Crab Lane entrance will be on the left. |
| High School | Arnold |
| City | Panama City Beach |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 39204 |
| Elementary School | West Bay |
| Tax Annual Amount | 8049 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0322 - Beach - North West |
| Standard Status | Active |
| Property Sub Type Additional | SingleFamilyResidence |
| Occupancy Type | Occupied |
| Waterfront Features | Lake,LakeFront |
| Year Built | 1987 |
| Association Fee Includes | Security |
| Heating | Electric |
| Cooling | CentralAir |
| Patio/Porch Features | Deck |
| View | Lake |
| Attached Garage | false |
| Garage Y/N | true |
| Total Rooms | 7 |
| Full Baths | 5 |
| Garage Spaces | 2 |
| Architectural Style | Craftsman |
| HOA Fee | 900 |
| Assoc Fee Paid Per | Annually |
| Pool Features | ScreenEnclosure,Private |
| New Construction | false |
Interior Features
| Total Baths | 5 |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 4 |
| LivingAreaSource | Appraiser |
Exterior Features
| Lot Size Area | 0.9 |
|---|---|
| Lot Dimensions | 150 x 247 |
| Mobile Home Dimensions | Feet |
| Lot Size Acres | 0.9 |
| Road Frontage Type | PrivateRoad |
| Building Area Total | 4939 |
| Waterfront Y/N | true |
| Exterior Amenities | BoatSlip,Deck |
| Private Pool | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32413
Price
Taxes
Year Built
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
