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$289,999

  • For Sale
  • Under Contract
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • Updated 7 days ago
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CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Welcome to 123 N Cove Terrace Drive, located in the heart of The Cove, one of Panama City's most established and sought after neighborhoods. Known for its tree lined streets, golf cart rides to the water, and close proximity to downtown dining and St. Andrews Bay, The Cove offers a lifestyle that is hard to replicate. Built in 1950, this home is full of character and timeless charm. Original hardwood floors run through much of the home, complemented by crown molding and a warm, inviting layout. The spacious living area flows into a dedicated dining space with custom built ins, creating a comfortable setting for everyday living and entertaining. The kitchen features abundant solid wood cabinetry, generous storage, and a functional design that connects seamlessly to the main living areas. An enclosed entry offers additional flex space that could serve as a sitting area, office, or mudroom. The primary suite includes backyard access and multiple closets, while the secondary bedrooms are well sized with natural light and classic hardwood flooring. A one car garage adds convenience. Step outside to a private, fenced backyard shaded by mature oaks and accented by a brick walkway. A detached structure provides excellent potential for a workshop, hobby space, studio, or additional storage, a valuable feature in the Cove.

Full Property Details for 123 N Cove Terrace Dr

General

  • Price: $289,999
  • Taxes: $1,736 (2025)
  • Status: Under Contract
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 785261
  • Updated: 2/14/2026
  • Added to Site: 7 day(s) ago

Interior

  • Number of Rooms: 5
  • Appliances: Gas Oven, Gas Range, Gas Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Patio
  • Porch/Patio/Deck: Patio

Parking

  • Garage: Yes
  • Garage Spaces: 1

Location

  • County: Bay
  • Subdivision: Sudduths 4th Add
  • Driving Directions: South on Martin Luther King, Jr. Blvd. continue to Cove Blvd. left on E 2nd Ct. then right on to N Cove Terrace Dr. home will be down on 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, Ceiling Fan(s)
  • Heating Type: Central, Natural Gas

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Ranch
  • Construction: Cedar, Shake Siding
  • Roof: Shingle
  • Stories/Levels: 1
  • Sq. Ft. Source: Appraiser
  • Year Built: 1950

Additional Structures

  • Other Structures: Outbuilding

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,480
  • Lot Size: .26
  • Lot Dimensions: 82'+- x 140'+-
  • Frontage: City Street
  • Lot Features: Paved
  • Zoning: Resid Single Family
  • Fencing (Description): Fenced

Financial Considerations

  • Tax Amount: $1,736
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: SUDDUTHS 4TH ADD LOT 9 & S 30' LOT 8 & N 2.5' LOT 10 BLK 68 ORB 4052 P 1528
  • Property ID: 21317-000-000

Listed by Think Real Estate

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— 123 N Cove Terrace Dr —

  • Think Real Estate

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 123 N Cove Terrace Dr

School District:Bay County School District
NameGradesDistance
Merriam Cherry Street Elementary School
1125 Cherry Street, Panama City, FL 32401
PK-50.2 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-82.1 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-121.9 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 123 N Cove Terrace Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/14/2026
Listed
$289,999
75.76%
MLS
9/28/2018
Sold
$165,000
—
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 123 N Cove Terrace Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,586
-5%
$142,451
3%
2024
$1,677
-4%
$138,436
3%
2023
$1,750
5%
$134,404
6%
2021
$1,659
-2%
$126,688
-3%
2022
$1,700
2%
$130,489
4%
2021
$1,659
24%
$124,939
1%
2019
$1,343
-25%
$123,901
5%
2018
$1,792
1%
$118,375
—
2017
$1,771
-2%
$118,142
—
2016
$1,808
11%
$117,907
14%
2015
$1,625
240%
$103,071
64%
2014
$478
8%
$62,704
2%
2013
$442
—
$61,777
—
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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123 N Cove Terrace Drive, Panama City, FL 32401 (MLS# 785261) is a Single Family property with 3 bedrooms and 2 full bathrooms. 123 N Cove Terrace Drive is currently listed for $289,999 and was received on February 14, 2026. Want to learn more about 123 N Cove Terrace Drive? 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.

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