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$264,000
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Property Description
Well-maintained single-family home located in the desirable Callaway area, just minutes from Tyndall Air Force Base and conveniently situated off Highway 22. This 3-bedroom, 2-bathroom residence offers 1,383 square feet of functional living space and is ideal for a primary residence, military relocation, or investment opportunity. The home features a practical floor plan with comfortable living and dining areas, a 2-car garage, and a vacant interior ready for immediate occupancy. The property sits on a 55 x 115 lot, offering a manageable yard with room for outdoor enjoyment, pets, or future enhancements. The location provides easy access to shopping, dining, schools, and major roadways, while remaining close to everyday conveniences and employment hubs. With its proximity to Tyndall AFB and strong rental demand in the area, this property presents excellent potential for both homeowners and investors.
Full Property Details
Full Property Details for 7532 Shadow Bay Dr
General
- Price: $264,000
- Taxes: $2,555 (2024)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 784092
- Updated: 1/23/2026
- Added to Site: 16 day(s) ago
Interior
- Number of Rooms: 8
- Appliances: Electric Cooktop, Electric Oven, Electric Water Heater
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Garage, Garage Door Opener
Location
- County: Bay
- Subdivision: Shadow Bay Unit 2
- Driving Directions: Tyndall Parkway to East on Hwy 22, then left into Shadow Bay, then left to Shadow Bay Dr. House is on left
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, Ceiling Fan(s)
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Utility Description: Electricity Available, Sewer Available
Structural Information
- Architectural Style: Traditional
- Construction: Wood Frame
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 1987
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Size: .15
- Lot Dimensions: 55 x 115
- Frontage: City Street
- Lot Features: Paved
- Zoning: Resid Single Family
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $2,555
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: SHADOW BAY UNIT 2 REPLAT 131D1 LOT 10 BLK A ORB 4481 P 1340
- Property ID: 06616-320-000
Listed by Keller Williams Realty Emerald
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Schools
Schools serving 7532 Shadow Bay Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Callaway Elementary School 7115 E Highway 22, Panama City, FL 32404 | K-5 | 0.4 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 3.2 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 7532 Shadow Bay Dr
Date
Details
Price
Change
Source
1/23/2026
Listed
$264,000
60%
MLS
5/24/2018
Sold
$165,000
—
Public Record
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
Tax History for 7532 Shadow Bay Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,562
—
$187,058
—
2024
$2,555
4%
$186,222
2%
2023
$2,466
26%
$183,393
21%
2021
$1,959
-4%
$151,219
-4%
2022
$2,039
4%
$157,863
12%
2021
$1,959
22%
$140,489
17%
2019
$1,606
44%
$120,117
38%
2018
$1,115
95%
$87,226
7%
2017
$573
2%
$81,229
2%
2016
$564
-3%
$79,558
1%
2015
$580
2%
$79,005
1%
2014
$570
10%
$78,378
2%
2013
$518
—
$77,127
—
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
Estimate the Cost for 7532 Shadow Bay Dr
7532 Shadow Bay Drive, Panama City, FL 32404 (MLS# 784092) is a Single Family property with 3 bedrooms and 2 full bathrooms. 7532 Shadow Bay Drive is currently listed for $264,000 and was received on January 23, 2026. Want to learn more about 7532 Shadow Bay 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.

