Back 135 Grayling Way
Off Market

135 Grayling Way

Panama City Beach FL 32413

3
3
3
1772 sq. ft.
3049.2 sq. ft.
Single-Family
Last sold for $630,000

Overview

Ready for your own beach Rental Property? Same floor plan homes in this neighborhood have historically excellent short-term rental results exceeding over $60,000+ in annual rental income. Homes in Water View subdivision are showing high repeat short term renters because of the easy beach access and walkability to Rosemary Beach and many dining and shopping options along 30A! Priced and ready to SELL. Perfectly positioned in the heart of Inlet Beach within the desirable Water View subdivision, 135 Grayling Way offers a true turnkey opportunity along the iconic Scenic Highway 30A corridor. Just minutes from Rosemary Beach and only a short 1/4 mile from your doorstep to the sand, this fully furnished 3 bedroom, 3 bathroom beach home blends comfort, quality, and high investment potential. Thoughtfully updated and impeccably maintained reflects exceptional owner care, including seasonal pressure washing, proactive whole-home maintenance, active termite bond, and professional landscape upkeep. Recent improvements include updated HVAC units, new hot water heater, outdoor shower, rain gutters, fenced backyard with covered entertaining oasis, and added storage closets for enhanced functionality. Inside, the open and inviting layout comfortably accommodates multiple guests, making it ideal as a primary residence, second home, or income-producing short-term rental. Rental projections exceed $60,000+ annually!, offering strong income potential from day one. Generous storage throughout sets this home apart from typical beach properties, adding practical convenience for both owners and guests. Outdoor living spaces create the perfect setting to unwind after a day on the Gulf, whether rinsing off under the outdoor shower, gathering around the fire in the evening, or relaxing beneath the covered patio. An extra-wide bike path just around the corner connects seamlessly to 30Avenue and extends over the bridge toward Panama City Beach. Pedestrian access through the nearby tunnel allows safe and easy passage beneath Highway 98 toward 30A and Rosemary Beach. Beach access is effortless via Inlet Beach Regional Beach Access at the southern end of South Orange Street, the largest access point in Walton County. Amenities include ample parking, restrooms, showers, and expansive natural dunes. Just offshore lies Grouper Reef, a popular artificial snorkel reef approximately 970 feet from shore, known for vibrant marine life including fish, dolphins, and sea turtles. Nature lovers will appreciate being just one mile from Camp Helen State Park, home to Lake Powell, one of the largest and rare coastal dune lakes in North America. Enjoy kayaking, paddleboarding, and exploring preserved coastal landscapes. The eastern end of 30A also provides quick access to Pier Park shopping and dining, as well as Northwest Florida Beaches International Airport (ECP) for convenient travel. With nearby beach access just .3 mile away, a location that consistently commands demand, and a fully furnished, move-in-ready property positioned for immediate rental income, 135 Grayling Way delivers exceptional value along 30A. Whether you're seeking a personal coastal retreat or a high-performing investment property, this Inlet Beach home offers refreshed interiors, rental-ready convenience, and a prime location near Rosemary Beach and the Gulf.

Features

3 bedrooms
3 bathrooms
3 carspaces
1 garage space
1772 sq. ft. floor area
3049.2 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Panama City Beach over the last 12 months, the estimated median property value of 135 Grayling Way is $599.48k.

Median value
$599.48k
Estimated value range
$210k - $3.57m
Median days on market
79
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Panama City Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 135 Grayling Way

2026
Sold
$630,000
31 Jul 2026
2018
Sold
$321,000
30 Apr 2018 by Michele Morros, of Keller Williams Success Realty
2014
Sold
$226,240
16 Jun 2014 by Lisa Clay, of DR Horton - Pensacola

Happy sellers in Panama City Beach

79%
79% of sellers in Panama City Beach reported that their sale price either exceeded or met their price expectations.

Panama City Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 17 reviews in Panama City Beach over the last 12 months.

Local market activity for 3 bedroom single-family properties in Panama City Beach

In the last 12 months, 315 three-bedroom single-family properties similar to 135 Grayling Way, have been sold.

This represents a 12% decrease in three-bedroom single-family properties sales when compared to the previous 12 months.

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