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$565,000
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Property Description
Pool home with RV and boat parking and no HOA, located on a quiet dead-end street in the desirable Woods neighborhood of Panama City. This beautifully updated 4-bedroom, 2.5-bath home offers over 2,260 square feet of living space on a spacious 0.31-acre lot and has been extensively renovated within the past three years with major upgrades including a new roof, updated cabinetry, appliances, flooring, bathrooms, and solar panels for improved energy efficiency. Inside, the home features a bright and open layout with updated ceramic tile flooring, modern fixtures, and comfortable living spaces designed for both everyday living and entertaining. The kitchen is centered around a large island with abundant cabinet storage and a generously sized pantry with custom shelving, while the dining area overlooks the backyard and pool. The primary suite provides a spacious retreat with a massive walk-in closet and a beautifully renovated bathroom featuring a double shower. The flexible floor plan also includes a dedicated office space ideal for working from home along with an oversized laundry room comparable in size to an additional bedroom. Outdoor living is one of the standout features of this property. The backyard showcases a brand-new ozone pool with tanning shelf and all new equipment, along with a pergola that creates a shaded space perfect for relaxing or entertaining. The fully fenced yard provides privacy and room to enjoy the outdoor setting. For those needing additional storage or parking, the property includes a 23' by 35' concrete pad ideal for an RV, boat, trailer, or multiple recreational vehicles. The finished garage features painted flooring, attic access, and a secondary door leading to the backyard. A detached shed with electrical service offers additional workspace or storage. Additional improvements include a whole-home generator, two 50-amp power plugs, built-in security cameras, and a sprinkler system powered by a private well that can also connect to city water. Conveniently located just minutes from shopping, dining, medical facilities, and downtown Panama City, this home offers the rare combination of major upgrades, energy efficiency, resort-style outdoor living, and space to park your boat or RV without the restrictions of an HOA. Solar panels are paid off.
Full Property Details
Full Property Details for 508 Parkwood Dr
General
- Sold For: $565,000
- Taxes: $6,495 (2024)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 778798
- Added to Site: 243 day(s) ago
Interior
- Number of Rooms: 4
- Appliances: Electric Cooktop, Electric Oven
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Fenced, Gunite, In Ground, Private
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Covered, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Additional Parking, Garage, Garage Door Opener, Paved, RV Access/Parking
Location
- County: Bay
- Subdivision: The Woods Phase 2
- Driving Directions: From 23rd Street go North on Harrison Avenue. Turn right on Timber Lane. Turn right on Parkwood Drive. Home will be on the right.
School Information
- Elementary School: Hiland Park
- 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, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Contemporary
- Construction: Brick, Wood Frame
- Roof: Composition, Shingle
- Sq. Ft. Source: Appraiser
- Year Built: 1993
Additional Structures
- Other Structures: Pergola
Lot Features
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,504
- Lot Size: .31
- Lot Dimensions: 90 x 150
- Frontage: City Street
- Lot Features: Sprinkler System, Paved
- Zoning: Resid Single Family
- Fencing (Description): Fenced, Privacy
Financial Considerations
- Tax Amount: $6,495
- Tax Year: 2024
Disclosures and Reports
- Legal Description: THE WOODS PHASE 2 LOT 28 ORB 4714 P 952
- Property ID: 12987-098-000
Listed by Beach House Sales and Development
Sold by Beachy Beach Real Estate
Get Pre-Approved Today
Schools
Schools serving 508 Parkwood Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Hiland Park Elementary School 2507 East Baldwin Road, Panama City, FL 32405 | K-5 | 1.6 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 1.8 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 1.5 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 508 Parkwood Dr
Date
Details
Price
Change
Source
5/14/2026
Sold
$565,000
-3.42%
MLS
2/23/2026
Price Reduced
$585,000
-2.34%
MLS
1/06/2026
Price Reduced
$599,000
-4.16%
MLS
9/18/2025
Listed
$625,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
508 Parkwood Drive, Panama City, FL 32405 (MLS# 778798) is a Single Family property that was sold at $565,000 on May 14, 2026. Want to learn more about 508 Parkwood 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.

