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$430,000
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Property Description
''''CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS'''' Experience the ultimate waterfront lifestyle with this captivating property at 1045 La Paloma Terrace, located in the vibrant Panama City Market. This beautiful home boasts an impressive array of features that make it ideal for both a relaxing getaway or a full-time residence. Nestled along the serene waterfront, the property includes a boathouse equipped with a lift and a spacious dock tailor-made for entertaining guests. Imagine enjoying the stunning sunsets by the water or setting out for a quick boat ride with unparalleled Gulf access just minutes away. Inside, the home has been thoughtfully renovated, offering 3 comfortable bedrooms and 2 modern bathrooms. Music enthusiasts will appreciate the dedicated music studio, while the large storage shed right out the back door provides practical space for all your storage needs. Set amidst beautiful landscaped grounds with mature trees, the property exudes a tranquil charm. Yet, all the excitement of downtown Panama City is just a Short distance away by car. Revel in the city's nightlife, restaurants, entertainment, and year-round fun activities and events. Convenience is at your doorstep with Sacred Heart Bay Medical located just two blocks away. Whether you are seeking a peaceful retreat or an exciting urban lifestyle, this property caters to every desire. Embrace the opportunity to own this remarkable waterfront haven and call today to schedule your personal showing!
Full Property Details
Full Property Details for 1045 Lapaloma Terrace
General
- Sold For: $430,000
- Taxes: $150 (2024)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 776389
- Added to Site: 79 day(s) ago
Interior
- Number of Rooms: 3
- Appliances: Electric Cooktop, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Boat Lift, Dock, Patio, Fire Pit
- Porch/Patio/Deck: Patio
Parking
- Parking Features: No Garage
Location
- County: Bay
- Subdivision: [No Recorded Subdiv]
- Driving Directions: From Hwy 231 South, Turn Left on Hwy 98, go .75 miles to MLK JR BLVD and turn right. Go 1.2 Miles to E 7th street and turn left. Go .3 Miles and it turns into La Paloma Terrace and the home is on the right.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, ENERGY STAR Qualified Equipment
- Heating Type: Central, ENERGY STAR Qualified Equipment
Utilities
- Sewer: Public Sewer
- Utility Description: Natural Gas Available
Structural Information
- Architectural Style: Craftsman
- Sq. Ft. Source: Appraiser
- Year Built: 1950
Additional Structures
- Other Structures: Other, Shed(s)
Lot Features
- Property View: Bayou
- Lot Size (Acres): 0.43
- Lot Size (Sq. Ft.): 18,731
- Lot Size: .43
- Lot Dimensions: 362 x 341 x 40 x 100
- Frontage: City Street
- Zoning: City, Resid Single Family
- Fencing (Description): Fenced
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Bayou, Seawall
- Water Front View: Bayou, Seawall
Financial Considerations
- Tax Amount: $150
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: SUDDUTHS 4TH ADD LOT 18 & EXT TO BAYOU WITH RIP RTS TOGETHER W ANY PORTIO OF LOT 19 AS PER BOUNDARY LINE AGREEMENT LINE ORB 4366 P 1159
- Property ID: 21255-000-000
Listed by Beachy Beach Real Estate
Sold by Corcoran Reverie
Get Pre-Approved Today
Schools
Schools serving 1045 Lapaloma Terrace
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 0.9 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 1.5 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1045 Lapaloma Terrace
Date
Details
Price
Change
Source
12/29/2025
Sold
$430,000
-4.44%
MLS
6/23/2025
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1045 La Paloma Terrace, Panama City, FL 32401 (MLS# 776389) is a Single Family property that was sold at $430,000 on December 29, 2025. Want to learn more about 1045 La Paloma Terrace? Do you have questions about finding other Single Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

