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Back 20 E Water St
Off Market

20 E Water St

Panama City Beach FL 32413

4
5
4
2741 sq. ft.
4791.6 sq. ft.
Single-Family
Last sold for $4,300,000
Stephen McGrathStephen McGrath, last sold this property on 12 May 2026 after 45 days on market.

Overview

Originally envisioned in 2002 by renowned local architect Corey McWhorter, this residence is rooted in a timeless Bauhaus aesthetic--where clean lines, natural light, and purposeful design take center stage. A comprehensive 2023 transformation elevated the home into a refined coastal retreat, thoughtfully expanding its livability while preserving the integrity of its original architecture. The main residence now offers three distinct primary suites, including a newly introduced ensuite with a private balcony--creating a serene, elevated escape. Each space has been carefully reworked to enhance flow, privacy, and connection, resulting in a layout that feels both intentional and effortlessly livable. A newly added carriage house complements the property, offering flexibility for guests or extended stays while maintaining a cohesive architectural presence. Outdoors, the home transitions into a fully curated oasis designed for both relaxation and gathering. A saltwater pool serves as the centerpiece, while a custom plaster fire feature with a sculptural curved bench creates a striking focal point--inviting evenings of connection in a setting that feels both intimate and elevated. The seamless integration of indoor and outdoor living blurs the lines between structure and surroundings, enhancing the home's sense of calm and retreat. Every element--from the architectural lines to the restrained, intentional palette--has been selected to evoke a feeling of quiet luxury and restoration. A rare offering where design, function, and atmosphere come together to create a truly elevated living experience.

Features

4 bedrooms
5 bathrooms
4 carspaces
2 carport spaces
2 garage spaces
2741 sq. ft. floor area
4791.6 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Panama City Beach over the last 12 months, the estimated median property value of 20 E Water St is $1.05m.

Median value
$1.05m
Estimated value range
$365k - $14m
Median days on market
76
Estimated value trend
7%
increase 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 20 E Water St

2026
Sold
$4,300,000
12 May 2026 by Stephen McGrath, of Rosemary Beach Realty LLC
2020
Sold
$1,575,000
10 Mar 2020 by Keith Flippo, of The Premier Property Group
2020
Sold
$1,575,000
10 Mar 2020 by Tosha Corrigan Group, of Keller Williams Realty SRB

Happy sellers in Panama City Beach

68%
68% 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 15 reviews in Panama City Beach over the last 12 months.

Local market activity for 4 bedroom single-family properties in Panama City Beach

In the last 12 months, 228 four-bedroom single-family properties similar to 20 E Water St, have been sold.

This represents a 27% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Panama City Beach

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Beth Mulvey

Sellers who recommend Beth Mulvey have praised them for being local expert, responsive, clear communication, supportive, detail-oriented, friendly, and dedicated

  •   5   (113 reviews)
  •  5 Reviews in Panama City Beach
  •  3 Sales in Panama City Beach
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Britta Kepple

Britta Kepple is a recommended agent for Panama City Beach.  They have collected 5 local reviews across the last 12 months.

  •   5   (27 reviews)
  •  5 Reviews in Panama City Beach
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Matthew Jones

Matthew Jones is a recommended agent for Panama City Beach.  They have 15 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (25 reviews)
  •  4 Reviews in Panama City Beach
  •  15 Sales in Panama City Beach
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Michele Bailey

Michele Bailey is an award winning recommended agent for Panama City Beach.  They have 6 local sales and collected 4 local reviews across the last 12 months.

  •   5   (21 reviews)
  •  4 Reviews in Panama City Beach
  •  6 Sales in Panama City Beach
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