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$398,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
See This Home
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Welcome to 516 William Way, a beautiful waterfront home in the peaceful and quiet neighborhood of Shadow Bay. This brand-new construction offers beach access by boat to the Gulf of Mexico. As you step inside, you'll immediately notice the incredible attention to detail, with high ceilings and thoughtfully designed finishes that create a warm, inviting space. The open layout allows for plenty of natural light, making the home feel bright and spacious. The garage offers two spaces that can easily accommodate two large trucks, adding even more convenience to this amazing home. Th master bedroom faces the water, giving you stunning views the moment you wake up. It features gorgeous tile work, a luxurious shower, and a massive walk-in closet a perfect blend of comfort and elegance.

Full Property Details for 516 William Way

General

  • Price: $398,000
  • Taxes: $100 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 776857
  • Updated: 12/10/2025
  • Added to Site: 172 day(s) ago

Interior

  • Number of Rooms: 4
  • Interior Features: Interior Steps
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Porch/Patio/Deck: Balcony, Covered, Patio

Parking

  • Garage: Yes
  • Garage Spaces: 2

Location

  • County: Bay
  • Subdivision: Shadow Bay Unit 5
  • Driving Directions: From US-98, head north on Tyndall Parkway, then turn right onto SR 22, and continue until you see Shadow Bay on your left .Enter then turn right, and then your first left, go all the way down, and turn right and you are there. .

School Information

  • Elementary School: Callaway
  • Middle School: Rutherford Middle
  • High School: Rutherford

Community

  • Community Name: 02 - Bay County - Central

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Contemporary
  • Construction: HardiPlank Type
  • Stories/Levels: 2
  • Sq. Ft. Source: Owner
  • Year Built: 2025

Lot Features

  • Lot Size (Acres): 0.4
  • Lot Size (Sq. Ft.): 17,424
  • Lot Size: .4
  • Lot Dimensions: 33 x 88 x 38 x 50 x 58 x 17 x 77
  • Lot Features: Sprinkler System
  • Fencing (Description): Partial

Water Features

  • Water Front: Yes
  • Water Front Desc.: Bayou
  • Water Front View: Bayou

Financial Considerations

  • Tax Amount: $100
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: SHADOW BAY UNIT #5 131D1 LOT 8 BLK A
  • Property ID: 06616-708-000

Listed by Beycome of Florida LLC

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Listing agent

— 516 William Way —

  • Beycome of Florida LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 516 William Way

School District:Bay County School District
NameGradesDistance
Callaway Elementary School
7115 E Highway 22, Panama City, FL 32404
K-50.7 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-83.4 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 516 William Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/10/2025
Price Reduced
$398,000
-1.73%
MLS
11/18/2025
Price Reduced
$405,000
-3.57%
MLS
7/29/2025
Listed
$420,000
—
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 516 William Way

Year
Property Taxes
Change
Tax Assessment
Change
2024
$396
12%
$30,500
19%
2023
$353
27%
$25,600
22%
2021
$279
-6%
$21,000
-9%
2022
$297
6%
$23,000
15%
2021
$279
17%
$20,000
12%
2019
$239
5%
$17,866
—
2018
$228
-2%
$17,866
2%
2017
$233
-2%
$17,540
—
2016
$238
-2%
$17,488
1%
2015
$243
—
$17,316
—
2014
$242
-31%
$17,230
-37%
2013
$351
—
$27,328
—
View All
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 for 516 William Way

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Beycome of Florida LLC

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516 William Way, Panama City, FL 32404 (MLS# 776857) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 516 William Way is currently listed for $398,000 and was received on July 29, 2025. Want to learn more about 516 William Way? 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.

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