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$620,000
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Property Description
Welcome to 2503 Pelican Bay Drive, a beautiful contemporary residence located in the highly sought-after Pelican Bay community of Panama City Beach. This meticulously maintained home offers 4 bedrooms, 3 bathrooms, approximately 2,130 square feet of living space, and a 2-car garage, blending refined design with everyday comfort. Upon entry, you're greeted by soaring 12-foot ceilings throughout the living room, dining area, kitchen, and hallways, while 10-foot ceilings in every bedroom and bathroom enhance the home's open, airy feel. The thoughtfully designed layout is ideal for both elegant entertaining and relaxed coastal living. Significant recent upgrades add both value and peace of mind, including a brand-new air conditioning system, new sprinkler system, new water softener, fresh interior and exterior paint within the last few years, professionally updated landscaping, new fencing, and custom brick pavers in the backyard. Step outside to a beautiful screened-in porch and private backyard oasis, perfect for hosting guests, enjoying morning coffee, or unwinding in the Florida sunshine. The home's location is equally impressive!! Just one mile from Publix, Winn-Dixie, and renowned local dining, and walking distance to the Pelican Bay clubhouse, offering outstanding amenities and a stunning venue for gatherings and community events. This residence delivers the perfect combination of modern upgrades, timeless style, and an exceptional lifestyle in one of Panama City Beach's most desirable neighborhoods.
Full Property Details
Full Property Details for 2503 Pelican Bay Dr
General
- Price: $620,000
- Taxes: $5,930 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 784270
- Updated: 2/24/2026
- Added to Site: 30 day(s) ago
Interior
- Number of Rooms: 5
- Appliances: Electric Oven, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Additional Information
- Shared Amenities: Dock
- Pool: Yes
- Pool Description: Fenced, In Ground, Community
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Covered, Patio, Porch
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: Pelican Bay
- Driving Directions: Heading W from the Hathaway Bridge, Head west on US-98 W, Slight left, Continue onto C R 392/Navy Blvd/Thomas Dr, Turn left after Wells Fargo Bank (on the left), Turn left onto Pelican Bay Dr, Destination will be on the right
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
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: Ranch
- Construction: Stucco
- Windows: Storm Window(s)
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 2004
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276
- Lot Size: .19
- Lot Dimensions: 120 x 67
- Lot Features: Sprinkler System, Paved
- Zoning: Resid Single Family
- Fencing (Description): Full, Fenced, Privacy
Financial Considerations
- Tax Amount: $5,930
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: PELICAN BAY SUB 69D2 LOT 2 ORB 4566 P 1337
- Property ID: 31259-502-000
Listed by Legacy Premier Agency
Get Pre-Approved Today
Schools
Schools serving 2503 Pelican Bay Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.8 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.7 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.7 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 2503 Pelican Bay Dr
Date
Details
Price
Change
Source
1/27/2026
Listed
$620,000
14.84%
MLS
5/17/2022
Sold
$539,900
—
Public Record
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
Tax History for 2503 Pelican Bay Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,890
1%
$479,064
2%
2024
$5,813
—
$469,786
1%
2023
$5,831
150%
$463,181
102%
2021
$2,334
—
$229,062
-3%
2022
$2,328
—
$235,934
18%
2021
$2,334
18%
$200,718
2%
2019
$1,986
-18%
$195,905
-14%
2018
$2,431
—
$228,799
1%
2017
$2,427
-3%
$226,822
-1%
2016
$2,500
-4%
$229,029
-1%
2015
$2,608
-1%
$231,481
-1%
2014
$2,637
10%
$233,932
-2%
2013
$2,402
—
$237,772
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2503 Pelican Bay Dr
2503 Pelican Bay Drive, Panama City, FL 32408 (MLS# 784270) is a Single Family property with 4 bedrooms and 3 full bathrooms. 2503 Pelican Bay Drive is currently listed for $620,000 and was received on January 27, 2026. Want to learn more about 2503 Pelican Bay 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.

