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$749,900

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • Updated 9 days ago
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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.

Full Property Details for 127 Terrapin Close

General

  • Price: $749,900
  • Taxes: (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 792127
  • Updated: 7/2/2026
  • Added to Site: 9 day(s) ago

Interior

  • Number of Rooms: 9
  • Interior Features: Double Vanity, Main Level Primary, Soaking Tub, Separate Shower, Walk-In Closet(s), Loft
  • Appliances: Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Shared Amenities: Dock, Spa/Hot Tub
  • Pool: Yes
  • Pool Description: Gunite, Community
  • Spa Description: Community
  • Tennis: Yes

Exterior

  • Exterior Features: Dock, Porch
  • Porch/Patio/Deck: Balcony, Porch, Screened

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Garage, Garage Door Opener

Location

  • County: Bay
  • Subdivision: Turtle Cove At Lake Powell
  • Driving Directions: From Bay County - West on Panama City Beach Pkwy to Wild Heron Way. Right on Wild Heron Way. First left into Turtle Cove. Continue straight, then left onto Terrapin Close. Home on left. From Walton County - travel East on US-98 approximately 2 miles (into Bay county). Turn left into Wild Heron, then take the second left into Turtle Cove. Turn left onto Terrapin Close. Home is on the left.

School Information

  • Elementary School: West Bay
  • Middle School: Surfside
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Multi Units
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Cable Connected, Electricity Available

Structural Information

  • Architectural Style: Florida
  • Construction: HardiPlank Type
  • Roof: Composition, Shingle
  • Stories/Levels: 2
  • Sq. Ft. Source: Appraiser
  • Year Built: 2015

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920
  • Lot Size: .09
  • Lot Dimensions: 40 x 98
  • Lot Features: Cul-De-Sac, Paved
  • Zoning: Resid Single Family
  • Fencing (Description): Partial

Water Features

  • Boat Dock Slip: Yes

Financial Considerations

  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: TURTLE COVE AT LAKE POWELL LOT 51 ORB 4038 P 1987
  • Property ID: 36068-151-000

Listed by Compass Florida, LLC

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Listing agent

— 127 Terrapin Close —

  • Compass Florida, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 127 Terrapin Close

School District:Bay County School District
NameGradesDistance
West Bay Elementary School
14813 School Dr, Panama City Beach, FL 32413
K-56.1 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-87.4 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-129.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 127 Terrapin Close Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/02/2026
Listed
$749,900
127.24%
MLS
12/19/2017
Sold
$330,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 127 Terrapin Close

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,886
—
$338,357
3%
2024
$3,886
6%
$328,821
3%
2023
$3,682
11%
$319,244
6%
2021
$3,327
1%
$300,918
-3%
2022
$3,289
-1%
$309,946
4%
2021
$3,327
7%
$296,763
2%
2019
$3,114
-12%
$290,091
1%
2018
$3,546
24%
$288,062
2%
2017
$2,851
—
$282,813
1%
2016
$2,837
566%
$280,249
701%
2015
$426
-5%
$35,000
-5%
2014
$449
-5%
$37,000
-14%
2013
$474
—
$43,242
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Compass Florida, LLC

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127 Terrapin Close, Panama City Beach, FL 32413 (MLS# 792127) is a Single Family property with 5 bedrooms, 2 full bathrooms and 1 partial bathroom. 127 Terrapin Close is currently listed for $749,900 and was received on July 02, 2026. Want to learn more about 127 Terrapin Close? Do you have questions about finding other Single Family real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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