Back 1508 Elma Ruth Drive
Off Market

1508 Elma Ruth Drive

Panama City FL 32409

5
5
4
6003 sq. ft.
14810 sq. ft.
Single-Family
Last sold for $1,226,000
Christopher GoughChristopher Gough, last sold this property on 05 August 2024 after 309 days on market.

Overview

Incredible sunsets and dolphin views! OVER 6000 sq ft estate with a glorious Waterfront Bay views. Welcome to this exquisite 5 bed, 5-bath, the interior and roof boast's spray foam insulation, accompanied by soundproof wool insulation in the interior walls of the top and main floors. The exterior is adorned with new sod and landscaping. Internally, new windows throughout and double 12' French sliders that open to the view decks. The roof is newly installed with 50-year high wind rated dimensional shingles and the home is freshly painted. For the culinary enthusiast, the kitchen is equipped with high-end commercial appliances, including a Bosch Double Oven, a 48'' stainless steel Thermador refrigerator, a 36'' - 6 burner Bosch convection range and dual Asco dishwasher. A 3'X4' custom walk-in pantry and an additional 36'' floor-to-ceiling pantry offer ample storage space. The owner's suite is a haven of luxury with a make-up vanity station, a stunning free-standing soaking tub, resort style glass shower with multi-jetted spray stations, and a custom walk-in closet. The suite also features a large private deck with Bay views and a sauna. There is a separate large laundry and a family room on the lower level and a heated and cooled shop/wine or mudroom off the garage. The property's standout features include: custom 100-year-old hardwood railings with cable system for your unobstructed bay views on the decks, 24x24'' Matte Porcelain Marble tiled decking covers an area of 1100 sq. ft, plus an 85-foot new Seawall. You'll find solid wood profile trims and shaker solid core interior doors throughout and a custom wood wrapped fireplace reaching up to the 18'-foot vaulted ceiling, LED lighting installed throughout and a media room on the lower level. For comfort, 3 separate 3-ton A/C units, two 80-gallon water heaters, 4 car garage. All this, nestled in an idyllic quiet bay setting, makes this home a true embodiment of luxurious living.

Features

5 bedrooms
5 bathrooms
4 carspaces
4 garage spaces
6003 sq. ft. floor area
14810 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Panama City over the last 12 months, the estimated median property value of 1508 Elma Ruth Drive is $382.9k.

Median value
$382.9k
Estimated value range
$319.52k - $1.3m
Median days on market
78
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Panama City. 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 1508 Elma Ruth Drive

2024
Sold
$1,226,000
05 Aug 2024 by Christopher Gough, of RP Realty Inc
2022
Sold
$875,000
24 Aug 2022 by Daryle Burkey, of Coldwell Banker Realty
2013
Sold
$400,000
01 Nov 2013 by Charlie Commander, of Century 21 Commander Realty

Happy sellers in Panama City

80%
80% of sellers in Panama City reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 3 reviews in Panama City over the last 12 months.

Local market activity for 5 bedroom single-family properties in Panama City

In the last 12 months, 23 five-bedroom single-family properties similar to 1508 Elma Ruth Drive, have been sold.

This represents a 16% increase in five-bedroom single-family properties sales when compared to the previous 12 months.

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