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$398,000
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Property Description
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
Full Property Details for 516 William Way
General
- Sold For: $398,000
- Taxes: $100 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 776857
- Added to Site: 302 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
- Roof: Asphalt
- 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
Sold by Non-Member Office
Get Pre-Approved Today
Schools
Schools serving 516 William Way
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Callaway Elementary School 7115 E Highway 22, Panama City, FL 32404 | K-5 | 0.7 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 3.4 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 516 William Way
Date
Details
Price
Change
Source
5/02/2026
Sold
$398,000
—
MLS
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
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
516 William Way, Panama City, FL 32404 (MLS# 776857) is a Single Family property that was sold at $398,000 on May 02, 2026. 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.

