167 Downing Street Panama City Beach, FL 32413
4 bed / 5 bath / 3,580 Sq. Ft. / 14,810 Sq. Ft., 0.34 acres lot size / Single Family
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PRICE IMPROVEMENT - Reduced by over $500,000! This exceptional luxury beach home presents a rare opportunity to own a custom-built residence in the highly sought-after West End of Panama City Beach. This stunning Coastal masterpiece was completed in 2021 by acclaimed builder Rick Koehnemann of Koehnemann Construction. Offering 4 bedrooms, 4.5 bathrooms, with designed living spaces on each floor. This extraordinary property blends craftsmanship, modern luxury, and exceptional short-term rental potential. This home was designed for Comfort, Relaxation & Entertaining! Just a few houses from the beach on an oversized lot, the property provides a spacious outdoor yard with room to design your own swimming pool. A fully fenced backyard with privacy fencing and beautiful, mature landscaping creates a sense of comfort and seclusion. A back gate leads to a short walk over the dunes to the undeveloped natural beach--where sand, sea oats, and the beautiful Emerald waters of the Gulf, makes it feel like your own private stretch of coastline. This home provides you with an Open-concept main level with sliding glass doors that open onto a covered screened patio for seamless indoor/outdoor living. The Primary suite is on the main level, plus an additional bedroom and ensuite provides flexibility and convenience. The indoor elevator adds access to all levels. Second floor features its own living space with a family room, open office area, two guest bedrooms, and a bunk room--perfect for large gatherings, multi-family vacations, or rental flexibility. Bedrooms and the family room access the expansive covered balcony with seasonal Gulf views and refreshing Gulf breezes. The upstairs bunk room with twin beds gives more flexibility for guests which is perfect for hosting large families or groups. Premium Features & Upgrades are, " Double crown molding throughout main living areas and the Primary bedroom, Single crown molding in guest bedrooms, 9 Inch baseboards throughout, 8 ft tall solid wood doors throughout the home, and 4 Inch Plantation Shutters throughout. " Soaring 12-foot ceilings on the lower level and 10-foot ceilings upstairs. Surround sound system in Living room. Garage Attic space completely covered in 1'' plywood for added storage. " Tankless hot water heater for efficiency and convenience. Trex deck with railing for ease in maintenance " The house is wired for a whole-house generator and a future swimming pool installation. Tons of Storage! " Gulf Vista is a non-HOA Neighborhood with underground utilities, preserving both reliability and beauty. " The Outdoor shower is ideal for rinsing off after beach days. This home is a short drive to 30A, Rosemary Beach, premier restaurants and shopping. Pier Park is a destination with a variety of restaurants, shopping, an IMAX theater, and attractions including Dolly Parton's Pirates Voyage Dinner Show and Topgolf. This thoughtfully designed Luxury Custom built home offers the best of both worlds: a serene coastal retreat for your family and a high-demand short-term rental opportunity in one of Florida's most coveted beach destinations, Panama City Beach, FL .
property details
Type
Single Family
Status
Active
County
Bay
Year Built
2021
Sq. Ft.
3,580
Lot Size
14,810 Sq. Ft., 0.3 acres
Listing Id
994619
Courtesy Of
Susan West - Berkshire Hathaway HomeServices [email protected]
List Office Phone
+1 (850) 252-4160
Subdivision
GULF VISTA
Interior Features
Beds
4
Full Baths
4
Half Baths
1
Living Area Units
Sq. Ft.
Fireplace
EPA Qualified Fireplace
Flooring
Tile
Carpet
Carpet
Appliances
Dishwasher
Disposal
Dryer
Microwave
Refrigerator
Washer
Tankless Water Heater
Gas Oven
Disposal
Dryer
Microwave
Refrigerator
Washer
Tankless Water Heater
Gas Oven
Bathrooms Total
5
Exterior Features
Parking
Garage Door Opener
Attached Garage
Garage
Attached Garage
Garage
Stories
2
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Gas Heat
Electric Heating
Central
Electric Heating
Central
Building Area Total
3,580 Sq. Ft.
Architectural Style
Craftsman
2 Story
2 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
06/18/2026
06/18/2026
|
Active |
$2,989,000
|
Emerald Coast, Florida |
|
03/11/2026
03/11/2026
|
Active |
$3,595,000
|
Emerald Coast, Florida |
|
02/05/2026
02/05/2026
|
Active |
$3,695,000
|
Emerald Coast, Florida |
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Market Trends
Source: Constellation1
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