167 Downing Street, Panama City Beach, FL 32413

$2,989,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 3,580 Lot Size (sq. ft.): 14,810 Status: Active
Current Price: $2,989,000 List Date: 2/05/2026 Last Modified: 6/23/2026

Description

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

Supplements: 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 .

More Information MLS# 994619

General Property Info

userdefined76: 6 Sub-Type: Detached Single Family Design: Craftsman Style SqFt Source: Appraiser Immediate Occupancy: Yes Garage: Yes Carport: No Driveway Spaces: 4 Pool: No Pool Type: None Apx SqFt(Htd/Cooled): 3580 Bedrooms: 4 Full Baths: 4 Half Baths: 1 Total Bathrooms: 5 # Stories: 2 Year Built: 2021 Garage Spaces: 2 Acreage: 0.34

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 834.92 List Date: 2026-02-05 Current Price: $2,989,000 List Price: $2,989,000

Location, Tax and Legal

Sub Area: 2724 - Beach - West Central Elementary School: West Bay Middle School: Surfside High School: Arnold Legal Description: GULF VISTA SEC 2 13B4 LOT 34 & PORTION ON LOT 35 DESC AS: COM AT NE COR LOT 35 NELY 80' TO NE COR LOT 34 S 139.62' TO SE COR LOT 34 NWLY 34.83' SWLY 48.67' W 24.19' TO SELY COR LOT 35 NWLY 27.99' N 125' TO S RD R/W NELY 20' TO POB BLK A ORB 3648 P 1219

Listing Info, Tax & Legal

Homestead: Yes Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 7111.26 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: 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

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1

Waterview

Gulf: 1

Lot/Parcel Access

County Road: 1

Lot Features

Cleared: 1 Level: 1 Survey Available: 1 Within 1/2 Mile to Water: 1

Construction/Siding

Roof Dimensional Shg: 1 Siding CmntFbrHrdBrd: 1 Slab: 1

Utilities

Electric: 1 Gas - Natural: 1 Private Well: 1 Public Water: 1 Septic Tank: 1 TV Cable: 1 Underground: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 Fenced Back Yard: 1 Fenced Privacy: 1 Fireplace: 1 Patio Enclosed: 1 Porch: 1 Porch Open: 1 Shower: 1 Sprinkler System: 1 Yard Building: 1

Interior

Breakfast Bar: 1 Built-In Bookcases: 1 Ceiling Crwn Molding: 1 Ceiling Raised: 1 Ceiling Tray/Cofferd: 1 Elevator: 1 Floor Tile: 1 Floor WW Carpet: 1 Floor WW Carpet New: 1 Handicap Provisions: 1 Kitchen Island: 1 Lighting Recessed: 1 Pantry: 1 Plantation Shutters: 1 Pull Down Stairs: 1 Shelving: 1 Split Bedroom: 1 Washer/Dryer Hookup: 1

Financing

Conventional: 1 VA: 1

Appliances

Auto Garage Door Opn: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Refrigerator: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Gas: 1 Washer: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 Water Heater - Tnkls: 1

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Garden Tub: 1 MBath Separate Shwr: 1 MBath Tile: 1 MBath Whirlpool: 1 MBed Carpeted: 1 MBed Sitting Area: 1 MBed Walk-in Closet: 1

Master Bedroom

First: 1

Bedroom

First: 1 Second: 1

Living Room

First: 1

Rooms

Bedroom: 1 Bunk Room: 1 Dining Room: 1 Family Room: 1 Living Room: 1 Master Bedroom: 1 Office: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 27 - Bay County Street #: 167 Street Name: Downing Street Suffix: Street State: FL Zip Code: 32413 County: Bay Project Name/Subdivision: GULF VISTA Parcel ID: 35370-512-000

Property Features

Construction Status: Construction Complete Lot Features: Cleared; Level; Survey Available; Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Parking Features: Garage Attached Exterior: Balcony; Fenced Back Yard; Fenced Privacy; Fireplace; Patio Enclosed; Porch; Porch Open; Shower; Sprinkler System; Yard Building Interior: Breakfast Bar; Built-In Bookcases; Ceiling Crwn Molding; Ceiling Raised; Ceiling Tray/Cofferd; Elevator; Floor Tile; Floor WW Carpet; Floor WW Carpet New; Handicap Provisions; Kitchen Island; Lighting Recessed; Pantry; Plantation Shutters; Pull Down Stairs; Shelving; Split Bedroom; Washer/Dryer Hookup Appliances: Auto Garage Door Opn; Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Gas; Washer Utilities: Electric; Gas - Natural; Private Well; Public Water; Septic Tank; TV Cable; Underground Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Tnkls Master Bedroom: First Bedroom: First; Second Living Room: First Rooms: Bedroom; Bunk Room; Dining Room; Family Room; Living Room; Master Bedroom; Office Financing: Conventional; VA

Room Information

Master Bedroom Level: First Dimensions: 15 x 14 Length: 15.00 Width: 14.00 Dimensions: 15 x 14 Bedroom Level: First Dimensions: 13 x 17 Length: 13.00 Width: 17.00 Dimensions: 13 x 17 Bedroom Level: Second Dimensions: 12 x 14 Length: 12.00 Width: 14.00 Dimensions: 12 x 14 Bedroom Level: Second Dimensions: 11 x 15 Length: 11.00 Width: 15.00 Dimensions: 11 x 15 Bunk Room Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Office Level: Second Dimensions: 18 x 17 Length: 18.00 Width: 17.00 Dimensions: 18 x 17 Living Room Level: First Dimensions: 23 x 15 Length: 23.00 Width: 15.00 Dimensions: 23 x 15 Dining Room Level: First Dimensions: 10 x 15 Length: 10.00 Width: 15.00 Dimensions: 10 x 15 Family Room Level: Second Dimensions: 10 x 15 Length: 10.00 Width: 15.00 Dimensions: 10 x 15
Listing Office: Berkshire Hathaway HomeServices
Last Updated: June - 23 - 2026
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