5108 Deep Bayou Dr Panama City, FL 32404

Perfectly positioned on an oversized corner lot in a quiet cul-de-sac, this beautifully renovated residence offers the rare combination of timeless elegance, modern upgrades, and access to the pristine waters of Deer Point Lake. Designed with both comfort and entertaining in mind, the thoughtfully crafted floor plan is filled with natural light and generous living spaces. The impressive living room features an electric fireplace and flows seamlessly into a heated and cooled sunroom, creating an inviting year-round retreat for relaxing or hosting guests. A formal dining room and private home office provide both sophistication and functionality. At the heart of the home, the beautifully appointed kitchen showcases solid surface countertops, stainless steel appliances, abundant cabinetry, and ample workspace--perfect for everything from casual meals to elegant dinner parties. The luxurious primary suite serves as a private sanctuary, offering two walk-in closets, dual vanities, a jetted tub, and a separate walk-in shower designed for everyday comfort and relaxation. Outdoor living is equally exceptional. An expansive covered pavilion creates the perfect setting for entertaining, outdoor dining, and weekend gatherings. While this home offers both attached and detached garages, the detached garage is a standout feature, offering not only extra parking but also a workshop, home gym, and a convenient rear-facing garage door for drive-in storage for lawn equipment. With ample space and a solid foundation, this versatile structure presents an excellent opportunity for conversion into additional living space--whether as a guest cottage, rental unit, or in-law suite. Significant improvements completed in 2022 provide lasting peace of mind and modern efficiency, including: * Culligan water softener and sulfur removal system * New pressure tank * New well pump, seal, piping, and electrical with Schedule 80 conduit * New Siemens interior electrical panel * New exterior electrical panel * Upgraded electrical panel in the detached garage * New HVAC system with Ecobee smart thermostat and upgraded return In addition, the interior was updated in 2025 to include new flooring, new interior paint, refinished kitchen and bathroom cabinets.The landscaping was updated spring of 2026. Combining exceptional indoor and outdoor living, extensive mechanical upgrades, interior updates and coveted access to Deer Point Lake, this remarkable property presents a rare opportunity to enjoy refined living in one of the area's most desirable settings. Schedule your private tour today and experience all this exceptional home has to offer.