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167 Downing Street

Panama City Beach, FL 32413
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Bed 4

Bed

Bath 5

Bath

Acres0.34

Acre(Lot)

PRICE IMPROVEMENT - Reduced by over $500,000! This exceptional luxury beach home presents a rare opportunity to own a custom-built residence in the highly sought-after West End of Panama City Beach. This stunning Coastal masterpiece was completed in 2021 by acclaimed builder Rick Koehnemann of Koehnemann Construction. Offering 4 bedrooms, 4.5 bathrooms, with designed living spaces on each floor. This extraordinary property blends craftsmanship, modern luxury, and exceptional short-term rental potential. This home was designed for Comfort, Relaxation & Entertaining! Just a few houses from the beach on an oversized lot, the property provides a spacious outdoor yard with room to design your own swimming pool. A fully fenced backyard with privacy fencing and beautiful, mature landscaping creates a sense of comfort and seclusion. A back gate leads to a short walk over the dunes to the undeveloped natural beach--where sand, sea oats, and the beautiful Emerald waters of the Gulf, makes it feel like your own private stretch of coastline. This home provides you with an Open-concept main level with sliding glass doors that open onto a covered screened patio for seamless indoor/outdoor living. The Primary suite is on the main level, plus an additional bedroom and ensuite provides flexibility and convenience. The indoor elevator adds access to all levels. Second floor features its own living space with a family room, open office area, two guest bedrooms, and a bunk room--perfect for large gatherings, multi-family vacations, or rental flexibility. Bedrooms and the family room access the expansive covered balcony with seasonal Gulf views and refreshing Gulf breezes. The upstairs bunk room with twin beds gives more flexibility for guests which is perfect for hosting large families or groups. Premium Features & Upgrades are, • Double crown molding throughout main living areas and the Primary bedroom, Single crown molding in guest bedrooms, 9 Inch baseboards throughout, 8 ft tall solid wood doors throughout the home, and 4 Inch Plantation Shutters throughout. • Soaring 12-foot ceilings on the lower level and 10-foot ceilings upstairs. Surround sound system in Living room. Garage Attic space completely covered in 1'' plywood for added storage. • Tankless hot water heater for efficiency and convenience. Trex deck with railing for ease in maintenance • The house is wired for a whole-house generator and a future swimming pool installation. Tons of Storage! • Gulf Vista is a non-HOA Neighborhood with underground utilities, preserving both reliability and beauty. • The Outdoor shower is ideal for rinsing off after beach days. This home is a short drive to 30A, Rosemary Beach, premier restaurants and shopping. Pier Park is a destination with a variety of restaurants, shopping, an IMAX theater, and attractions including Dolly Parton's Pirates Voyage Dinner Show and Topgolf. This thoughtfully designed Luxury Custom built home offers the best of both worlds: a serene coastal retreat for your family and a high-demand short-term rental opportunity in one of Florida's most coveted beach destinations, Panama City Beach, FL .

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Detail Ic Property Details

Property Type : Residential

Price : $2,989,000

AD Id : 75090917

MLS Id : 784760

Beds : 4

Lot Size : 0.34 Acre

Year Built : 2021

Garage : 2

County : Bay

Subdivision: Five Park

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 5 Full Baths: 4 Half Baths: 1

    Room Information

    Rooms Total: 11

    Roofing Information

    Shingle
  • Interior Features

    DoubleVanity, InteriorSteps, MainLevelPrimary, SoakingTub, SeparateShower, WalkInClosets
    Roof: Shingle
    Appliances: GasOven, GasRange, TanklessWaterHeater
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, MultiUnits

  • Building Information

    Year Built: 2021
    Building Area Total: 3580
    Construction Materials: HardiplankType
    Stories: 2
    Patio And Porch Features: Enclosed, Balcony, Covered, Patio, Porch, Screened
    Private Pool: No
    View: Gulf
  • Exterior Features

    Exterior Features: Patio

  • Lot Information

    Lot Dimensions: 117x98x136x46x46x17x28 Main Square Feet: 0.34 Lot Size Acres: 0.34 Lot Size Square Feet: 14,593 Lot Description: SprinklerSystem,Paved

    Property Information

    Subdivision: Gulf Vista Sec 2 Source Property Type: Residential MLS Area Minor: 0324 - Beach - West Central Property SubType: Single Family Residence Levels: Two Property Age: 5

  • Listing Price Information

    Listing Price: $2989000
    Original Price: $3695000

  • Tax Information

    Parcel Number: 35370-512-000 Tax Year: 2025 Annual Tax: $7111 Tax Legal Desc: GULF VISTA SEC 2 13B4 LOT 34 & PORTION ON LOT 35 DESC AS: COM AT NE COR LOT 35 NELY 80' TO NE COR LOT 34 S 139.62' TO SE COR LOT 34 NWLY 34.83' SWLY 48.67' W 24.19' TO SELY COR LOT 35 NWLY 27.99' N 125' TO S RD R/W NELY 20' TO POB BLK A ORB 3648 P 12 19

  • Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: West Bay Junior High School: Surfside Senior High School: Arnold
  • Utility Information

    CableConnected, ElectricityAvailable, UndergroundUtilities
  • Location Information

    Direction: Take Hwy 98 - Panama City Beach Parkway to the West end of Panama City Beach, turn South on Downing St. If going West, turn Left on Downing St which is at the flashing light for the Fire Station. Go 1 mile and property will be on the left. Security Features: SmokeDetectors
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ByOwner last updated this listing 06/17/2026 @ 23:30

MLS: 784760 LISTED BY: Susan West, Berkshire Hathaway HomeServices Beach Properties of Florida 850-252-4160 SOURCE: CPAR

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