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$565,000

  • For Sale
  • Active
  • Condo / Townhouse
  • 3 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • Updated 4 days ago
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Waterfront Living in the Heart of Panama City Welcome to 246 E 3rd Place, where waterfront living meets timeless elegance. Perfectly positioned in the historic Cove neighborhood and just minutes from vibrant downtown Panama City, this stunning 3-story townhome offers the ultimate blend of comfort, convenience, and coastal charm. With 3 spacious bedrooms, 3.5 bathrooms, and a 2-car garage, this home boasts breathtaking views of Massalina Bayou and direct Gulf access via your deeded deep-water boat slip-14x40 feet, wide and deep enough to accommodate both sailboats and larger dream vessels. Step inside to find a thoughtfully designed layout that maximizes both space and privacy. A power chair lift provides easy access to the main level. The first floor features a generous bedroom with a full bath and access to a large private deck overlooking the water-perfect for guests or a serene office space. The second floor is the heart of the home, where soaring 9-foot ceilings, Brazilian hardwood floors, and abundant natural light create a warm and welcoming atmosphere. The open-concept living and dining areas flow into a well-appointed kitchen featuring emerald black granite countertops, custom cabinetry, and an oversized pantry. On the third floor, the luxurious primary suite offers a peaceful retreat with its own private balcony and panoramic views of the harbor. There's even space for a home office or workout area. The ensuite bathroom features double vanities, a jetted soaking tub, a walk-in shower, and a spacious walk-in closet. An additional bedroom on this level comes with its own full bathroom and could easily serve as a second primary suite. Built with quality in mind, this home includes a 6-year-old roof, brand-new water heater, fresh interior paint, hurricane shutters, a fire sprinkler system, and 2x6 exterior framing. It's also prepped for an elevator, making it future-ready. Whether you're an avid boater, seeking a low-maintenance waterfront escape, or looking to enjoy the lifestyle and charm of downtown living-this home has it all. Don't miss your chance to live where every day feels like a vacation. Schedule your private tour today.

Full Property Details for 246 E 3rd Pl

General

  • Price: $565,000
  • HOA FEE: $150/month
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Bay_County
  • MLS ID: 772324
  • Updated: 8/21/2026
  • Added to Site: 233 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Double Vanity, Handicap Access, Interior Steps, Jetted Tub, Separate Shower, Walk-In Closet(s)
  • Appliances: Electric Range

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Security/Safety: Fire Sprinkler System, Smoke Detector(s)

Exterior

  • Exterior Features: Boat Slip, Covered Patio, Deck, Dock, Outdoor Shower
  • Porch/Patio/Deck: Deck, Covered, Open, Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2

Location

  • County: Bay
  • Subdivision: Massalina Bayou Townhouses
  • Driving Directions: From down town panama city on Harrison and 4th go south on Harrison then east on w Beach drive. cross the bridge into the cove and turn left on e 2nd court then left on Wilson, at the end of the road go left and look for the listing Sign.

School Information

  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay

Community

  • Community Name: 02 - Bay County - Central
  • Association: Yes
  • Assoc. Fees Include: Association Management, Legal/Accounting, Maintenance Grounds, Other, See Remarks, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electricity Available

Structural Information

  • Architectural Style: Contemporary
  • Construction: Stucco
  • Roof: Shingle
  • Windows: Double Pane Windows, Storm Window(s)
  • Doors: Storm Door(s)
  • Stories/Levels: 3
  • Sq. Ft. Source: Appraiser
  • Year Built: 2003
  • Other Struct. Feat.: Dumpster

Additional Structures

  • Other Structures: RV/Boat Storage

Lot Features

  • Property View: Bayou, Water
  • Lot Dimensions: 90 x 22
  • Frontage: Private Road
  • Lot Features: Paved
  • Zoning: Resid Single Family

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Bayou, Seawall
  • Water Front View: Bayou, Seawall
  • Boat Dock Slip: Yes

Financial Considerations

  • Association Fee: $150
  • Assoc Fee Freq.: Monthly

Disclosures and Reports

  • Legal Description: DAVIS PLAT COM AT NE COR BLK B ON E SIDE OF MASSALINA BAYOU S 120 TO SE COR BLK B & N R/W 3RD PL W 58.24' FOR POB TH CONT W 22.05 N 91.10' E 5.69' S 8' E 16.35' S 83.10' TO POB ORB 4703 P 1626
  • Property ID: 20169-070-000

Listed by Think Real Estate

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— 246 E 3rd Pl —

  • Think Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 246 E 3rd Pl

School District:Bay County School District
NameGradesDistance
Merriam Cherry Street Elementary School
1125 Cherry Street, Panama City, FL 32401
PK-50.7 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-81.4 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-121.3 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 246 E 3rd Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/09/2026
Price Increased
$565,000
2.73%
MLS
4/06/2026
Price Reduced
$550,000
-5.17%
MLS
8/09/2025
Price Reduced
$580,000
-4.13%
MLS
4/22/2025
Listed
$605,000
—
MLS
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 246 E 3rd Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,145
100%
$325,765
12%
2024
-100%
$291,071
3%
2023
$471
8%
$282,593
3%
2022
$435
-2%
$274,362
48%
2021
$443
—
$185,723
-4%
2021
$443
—
$192,701
—
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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246 E 3rd Place, Panama City, FL 32401 (MLS# 772324) is a Condo / Townhouse property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 246 E 3rd Place is currently listed for $565,000 and was received on January 05, 2026. Want to learn more about 246 E 3rd Place? Do you have questions about finding other Condo / Townhouse 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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