Back 23 Grayling Way
Off Market

23 Grayling Way

Panama City Beach FL 32413

3
3
3
1772 sq. ft.
3484.8 sq. ft.
Single-Family
Last sold for $745,000
Sara ReeseSara Reese, last sold this property on 25 March 2026 after 867 days on market.

Overview

Ideally located in the heart of Inlet Beach, just minutes from Rosemary Beach and with convenient beach access only, 1000 feet from door to sand, 23 Grayling Way offers a true turnkey opportunity along Scenic Highway 30A. Thoughtfully updated and move-in ready, this home is perfectly suited as a primary residence, second home, or income-producing short-term rental. Recent improvements include an expanded and updated kitchen with new appliances, enhancing flow and functionality for entertaining and guest stays. Additional enhancements feature a new sliding door in the back, new furniture, and no carpet throughout the home,creating a clean, modern, and low-maintenance interior. The owners have maintained an exceptionally high quality of the home by not renting during spring break, ensuring it remains in top condition year after year. The open, inviting layout comfortably accommodates multiple guests, supporting strong rental appeal. Multiple closets provide more storage than you usually get out of a beach home, making it practical for owners and renters alike. Outdoor living spaces offer a relaxing retreat after a day at the beach, while the home's proximity to Rosemary Beach's dining, shopping, and entertainment adds to its desirability for both personal use and rentals. An extra wide bike path is just around the corner, connecting seamlessly to 30Avenue and even over the bridge toward Panama City Beach. Plus, pedestrian access through the nearby tunnel provides safe, easy passage beneath Highway 98 toward 30A and Rosemary Beach. The nearby Inlet Beach Regional Access at the southern end of S. Orange St. is the largest beach access in Walton County, featuring plenty of parking (117 spaces), showers, bathrooms, and expansive natural dunes our area is known for. It offers a convenient beach walkout with no stairs (via the middle dune walkover), seasonal lifeguards, and ADA-accessible amenities. Just offshore lies the popular "Grouper Reef," an artificial snorkel reef about 970 feet from shorea focal point for snorkeling and diving with abundant marine life, including fish, dolphins, and sea turtles. Camp Helen State Park is just a mile east, providing access to Lake Powell, one of the area's largest rare coastal dune lakes (the biggest in Florida and North America), perfect for kayaking, paddleboarding, and exploring pristine nature. This prime eastern end of 30A also offers quick access to Pier Park shopping and dining in Panama City Beach, as well as Florida Beaches International Airport (ECP) for easy travel. With nearby beach access, a location that consistently draws demand, and a fully furnished, updated property ready to generate rental income from day one, 23 Grayling Way delivers exceptional value. Whether you're seeking a personal coastal getaway or an investment positioned for immediate use and long-term appeal, this home combines refreshed interiors, rental-ready convenience, and an unbeatable Inlet Beach location near Rosemary Beach and the Gulf.

Features

3 bedrooms
3 bathrooms
3 carspaces
1 garage space
1772 sq. ft. floor area
3484.8 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 23 Grayling Way is $634.48k.

Median value
$634.48k
Estimated value range
$212k - $5.29m
Median days on market
87
Estimated value trend
-5%
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 23 Grayling Way

2026
Sold
$745,000
25 Mar 2026 by Sara Reese, of Compass
2019
Sold
$370,000
06 Nov 2019 by Chris Sause, of Berkshire Hathaway HomeServices PenFed Realty
2018
Sold
$359,900
23 Mar 2018 by Randall Rintala

Happy sellers in Panama City Beach

70%
70% 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 16 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, 261 three-bedroom single-family properties similar to 23 Grayling Way, have been sold.

This represents a 3% decrease in three-bedroom single-family properties sales when compared to the previous 12 months.

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