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$329,000
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Property Description
Assumable VA Mortgage available at a 2.375% rate! Don't have to be a VA Buyer to assume! Welcome to this beautifully upgraded 4 bed 2.5 bath two-story home nestled in a quiet cul-de-sac in one of the area's most desirable newer neighborhoods. With only local homeowner traffic on Penn Way, you'll appreciate the calm, community-oriented atmosphere-perfect for evening strolls, front porch chats, and safe play for kids or pets with a fenced Backyard. This neighborhood is just three years old, offering a modern and cohesive aesthetic throughout. Step inside to find a spacious, open-concept layout with tasteful upgrades throughout. The first floor features durable vinyl flooring in all common areas, 8' ceilings, and a flexible front room that can serve as a home office or study. The large great room flows seamlessly into the kitchen, where you'll love the center island, expansive walk-in pantry, sleek flat-panel cabinetry, brand-new granite countertops, and updated appliances and hardware. Upstairs, the private master suite is joined by additional bedrooms and a well-sized laundry room for ultimate convenience. The fenced backyard is ideal for entertaining or simply relaxing, and the new front patio and solar lights add curb appeal and charm. This home has been thoughtfully enhanced with all-new blinds, energy-efficient ceiling fans throughout, and an ultraviolet light system in the AC unit to promote cleaner indoor air. Security and peace of mind are also covered, with over $3,000 invested in an advanced ADT security system-just one example of the many valuable upgrades made with care. Other standout features include fresh paint throughout, upgraded kitchen pulls, and a two-car garage. The home is truly move-in ready, combining comfort, style, and functionality in a modern community setting. Location-wise, you're just minutes from all the essentials: 16 miles (23 minutes) to Tyndall Air Force Base, and 22.6 miles to the world-renowned sugar-white sands of Panama City Beach. Downtown Panama City is also just a short drive away, placing shopping, dining, and entertainment within easy reach. Come experience this beautifully updated home and the peaceful lifestyle it offers-schedule your showing today!
Full Property Details
Full Property Details for 7121 Penn Way
General
- Sold For: $329,000
- Taxes: $3,294 (2024)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 772912
- Added to Site: 261 day(s) ago
Interior
- Number of Rooms: 5
- Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Exterior
- Porch/Patio/Deck: Covered, Porch
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: Barrett's Park
- Driving Directions: North on 231 turn right on Bayou George D Continue on Bayou George Dr. Drive to Penn Way 3 min (1.2 mi) Turn right onto Bayou George Dr 0.7 mi Continue straight onto Nordic Dr 0.2 mi Turn right onto Hatteras Blvd 0.2 mi Turn left onto Penn Way Destination will be on the left
School Information
- Elementary School: Tommy Smith
- Middle School: Merritt Brown
- High School: Rutherford
Community
- Community Name: 05 - Bay County - East
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available, High Speed Internet Available
Structural Information
- Architectural Style: Contemporary
- Stories/Levels: 2
- Sq. Ft. Source: Appraiser
- Year Built: 2020
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098
- Lot Size: .14
- Lot Dimensions: 65 x 123
- Lot Features: Paved
- Zoning: Resid Single Family
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $3,294
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: BARRETTS PARK PLANTATION LOT 82 ORB 4247 P 1350
- Property ID: 05658-350-410
Listed by LPT Realty LLC
Sold by Xcellence Realty
Get Pre-Approved Today
Schools
Schools serving 7121 Penn Way
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Tommy Smith Elementary School 5044 Tommy Smith Drive, Panama City, FL 32404 | PK-5 | 2.3 mi |
Merritt Brown Middle School 5044 Merritt Brown Way, Panama City, FL 32404 | 6-8 | 2.3 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 8.1 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 7121 Penn Way
Date
Details
Price
Change
Source
8/01/2025
Sold
$329,000
—
MLS
6/28/2025
Price Reduced
$329,000
-1.76%
MLS
6/06/2025
Price Reduced
$334,900
-1.5%
MLS
5/19/2025
Price Reduced
$340,000
-2.55%
MLS
5/13/2025
Price Reduced
$348,900
-0.03%
MLS
5/02/2025
Listed
$349,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7121 Penn Way, Panama City, FL 32404 (MLS# 772912) is a Single Family property that was sold at $329,000 on August 01, 2025. Want to learn more about 7121 Penn 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.

