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$799,000 Just Listed
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Property Description
Looking for a unicorn? This is a once in a lifetime property! Located just a 2-minute walk to the World's Most Beautiful Beaches and a short 10 min stroll to Pier Park! This single story 3-bedroom 2 bath house offers an open floor plan and is currently a successful short-term rental that has room for the whole family! This property is perfect for entertaining as it is set up to sleep 10 guest and with two driveways there is plenty of parking for 6-8 vehicles, trailers or an RV! Wanna get away from it all, step out back to your own slice of paradise! You will enjoy the private fenced in backyard where you can soak up some sun in the large saltwater swimming pool (with optional heating.) There is also a storage shed to hold all of your pool and beach toys along with custom hurricane shutters! If you are looking for an investment property, this one has great guest reviews and projections of over 85k. This West end location is hard beat with a 2 min. drive to Frank Brown Park, 1/2 mile to Pier Park and a short 15 min. drive to the airport or to 30A. Your guest will enjoy seeing the Pier Park Skywheel and seasonal firework views from the front yard! They will also love the close proximity to attractions like Dolly's Pirate Voyage, Top Golf and the Simulated Surf Park coming soon and all within a 5-minute drive! Another rare find that this property offers is the large lot zoned commercially and across the street from Lake Lullwater and the sugary white sands! The sellers have recently replaced the roof, added rock landscaping for easy upkeep and the 2nd concrete driveway! This property is turn key and just in time for vacation season with several reservations on the books for 2026! Don't let this one slip away, call me or your favorite agent today!
Full Property Details
Full Property Details for 278 Lullwater Dr
General
- Price: $799,000
- Taxes: $7,708 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 790744
- Updated: Today (6/3/2026)
- Added to Site: Today
Interior
- Number of Rooms: 3
- Appliances: Electric Oven, Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Electric Heat, In Ground, Salt Water, Private
- Security/Safety: Security Fence, Security Lights
Exterior
- Porch/Patio/Deck: Covered, Porch
Parking
- Parking Features: RV Access/Parking
Location
- County: Bay
- Subdivision: El Centro Beach
- Driving Directions: From Pier Park go West on Front Beach Rd. Turn right on Lullwater Dr. It's the first house on the left.
School Information
- Elementary School: Hutchison Beach
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Coastal
- Construction: Concrete, Stucco
- Roof: Shake
- Sq. Ft. Source: Appraiser
- Year Built: 1994
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size: .24
- Lot Dimensions: 183 x 176
- Frontage: City Street
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $7,708.35
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: EL CENTRO BEACH MAP-29B4 LOT 38 BLK 30 ORB 4608 P 1263
- Property ID: 33615-000-000
Listed by Dalton Wade Inc
Get Pre-Approved Today
Schools
Schools serving 278 Lullwater Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Hutchison Beach Elementary School 12900 Middle Beach Rd, Panama City, FL 32407 | K-5 | 3.2 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 2.1 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 4.3 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 278 Lullwater Dr
Date
Details
Price
Change
Source
6/03/2026
Listed
$799,000
8.71%
MLS
9/07/2022
Sold
$735,000
—
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 278 Lullwater Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,528
-3%
$689,786
4%
2024
$7,750
8%
$665,941
9%
2023
$7,149
117%
$611,874
117%
2021
$3,292
-3%
$281,322
-6%
2022
$3,387
3%
$299,723
13%
2021
$3,292
11%
$264,106
10%
2019
$2,956
12%
$240,854
10%
2018
$2,649
97%
$218,958
94%
2017
$1,345
1%
$112,733
—
2016
$1,330
-3%
$112,867
—
2015
$1,374
-2%
$113,112
-2%
2014
$1,397
11%
$115,244
—
2013
$1,262
—
$114,713
—
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 278 Lullwater Dr
278 Lullwater Drive, Panama City, FL 32413 (MLS# 790744) is a Single Family property with 3 bedrooms and 2 full bathrooms. 278 Lullwater Drive is currently listed for $799,000 and was received on June 03, 2026. Want to learn more about 278 Lullwater 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.

