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505 Beulah Avenue

Panama City, FL 32404

$899,000 $3,790/Mo

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Overview

Bed

Bath

1.17

Acres(Lot)

Description

Professional photos coming..Welcome to 505 Beulah Avenue, a spectacular waterfront retreat nestled on a rare, sprawling 1.17 acre lot in the heart of Callaway. If you have been searching for the perfect blend of modern luxury, deep water access, and income producing potential, this completely remodeled estate delivers on every front. Strategically located just moments from local shopping and dining, the property offers a highly convenient lifestyle while positioning you perfectly to capitalize on the exciting coming revival and commercial growth of the Callaway area. No detail was spared in this top to bottom transformation. The main residence boasts a light filled, open concept floor plan designed to capture stunning water views. High end finishes, modern flooring, and a chef inspired kit chen make this home an entertainer's dream. Retreat to the private upstairs master suite, which serves as your own personal sanctuary. This gorgeous space features a brand new private deck, offering breathtaking, panoramic views of East Bay the absolute perfect spot for morning coffee or unwinding at sunset. A standout feature of this property is the completely separate, fully permitted living space. Featuring its own independent access, full bathroom, and fully equipped kitchen, this space is perfectly positioned to be utilized as a highly lucrative Short Term Rental (STR), a private mother in law suite, or a guest house. With Callaway's favorable rental flexibility, you can let your property pay for itself from day one. Step outside into your own private coastal playground. With over an acre of cleared, prime land leading down to the serene waters of East Bay, you have direct, deep water access out to St. Andrews Bay and the Gulf. The property features its own small backyard ramp, making it incredibly easy to launch kayaks, paddleboards, or jet skis. For larger vessels, you are located a mere 150 yards from the public boat ramp at John B. Gore Park, making heavy trailering completely effortless. The expansive lot offers the ultimate footprint for customization, featuring a perfect building site with incredible water views to add a separate detached building for hobbies, an art studio, or the ultimate entertainment pavilion. Whether you are hitting the open water for a day of world class fishing, parking an RV, or building your dream detached workshop, this estate offers a waterfront lifestyle that is increasingly hard to find. Do not miss the opportunity to own a fully updated, income generating piece of Florida waterfront. Schedule your private tour today!

Property Details

Property Type : Residential

Price : $899,000

AD Id : 82888023

MLS Id : 791093

Beds : 4

Lot Size : 1.17 Acres

Year Built : 1973

Garage : 2

County : Bay

Subdivision: Callaway

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 4 Full Baths: 3 Half Baths: 1

Room Information

Rooms Total: 4
Interior Features

Balcony, InteriorSteps, ShowerOnly, SmartThermostat, UpperLevelPrimary, WalkInClosets

Appliances: ElectricCooktop, ElectricRange, TanklessWaterHeater
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir, CeilingFans, MultiUnits Water front: 1

Building Information

Year Built: 1973

Building Area Total: 2793

Construction Materials: Block

Stories: 2

Patio And Porch Features: Balcony, Deck

Private Pool: No

Water front Features: Bayfront,BoatDockSlip

View: Bayou
Exterior Features

Exterior Features: BoatRamp, Deck, Dock

Lot Information

Lot Dimensions: 155.0 ft x 330.0 ft Main Square Feet: 1.17 Lot Size Acres: 1.17 Lot Size Square Feet: 50,965

Property Information

Subdivision: Callaway Source Property Type: Residential MLS Area Minor: 0319 - Beach - East Zoning Description: Resid Single Family Property SubType: Single Family Residence Levels: Two Property Age: 53

Listing Price Information

Listing Price: $899000

Tax Information

Parcel Number: 06720-000-000 Tax Year: 2025 Tax Legal Desc: CALLAWAY PLAT 132A3 LOTS 11 TO 15 INC & W1/2 OF ALLEY ADJ & LOTS 19 TO 11 INC & E1/2 OF ALLEY ADJ & ELY EXT OF LOTS 19 & 20 TO BAYOU BLK 1 ORB 4824 P 1722

Garage Information

Has Garage: Yes Garage Space: 2

School Information

Elementary School: Callaway Junior High School: Rutherford Middle Senior High School: Rutherford
Location Information

Direction: From the intersection of Highway 22 and Star Avenue, travel south on Star Avenue. Turn right on Cherry Street, then left on Beulah Avenue. Follow Beulah Avenue south to 505.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
3600 Basal St, Panama City, FL, 32404	$303,790	3	2	--
TBD Plantation Drive, Panama City, FL, 32404	$699,000	--	--	--
9410 Pembrook Place, Panama City, FL, 32404	$278,500	3	2	--
9027 Crook Hollow Road, Panama City, FL, 32404	$523,000	3	3	--
9121 Crook Hollow Road, Panama City, FL, 32404	$259,900	3	2	--
10742 S Fork Loop, Panama City, FL, 32404	$194,900	3	2	--
13322 Airway Street, Panama City, FL, 32404	$578,124	3	3	--
13119 Airway Street, Panama City, FL, 32404	$799,000	4	3	--
1849 Mallard Drive, Panama City, FL, 32404	$195,000	3	2	--
1730 Mallard Drive #F, Panama City, FL, 32404	$125,000	2	2	--

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ByOwner last updated this listing 06/12/2026 @ 21:19

MLS: 791093 LISTED BY: Johnathan Ramsey, Dalton Wade Inc 888-668-8283 SOURCE: CPAR