59 W Water St

Off Market

59 W Water St

Panama City Beach FL 32413

2907 sq. ft.

3049.2 sq. ft.

Single-Family

Last sold for $3,425,000

Greg Alsobrook, last sold this property on 07 August 2026 after 779 days on market.

Overview

This impeccably maintained 4BR/4.5BA home with private carriage house pairs timeless coastal design with a prime walkable location; just steps from the Town Center and directly across from the Cabana Pool. Sold fully furnished and never used as a rental, the home lives like new. Thoughtfully curated across three levels, it blends crisp finishes with a relaxed beach-house feel. The reverse floor plan maximizes natural light, with the main living space upstairs offering two spacious sitting areas, a dedicated dining room, and a beautifully appointed kitchen with marble countertops, premium appliances, and a generous center island perfect for gathering. Two guest suites on the main level, including a king primary with en-suite bath and oversized closet, offer comfort and privacy. Covered porches on both levels extend the living space outdoors; ideal for morning coffee, evening breezes, or dining with views of the pool and park. Upstairs, a generous bunk suite features four built-in bunks, a full bath, and its own balcony. A breezeway leads to the detached carriage house above the two-car garage, complete with its own kitchen, living room, bedroom, and full bath; perfect for extended guests, in-laws, or flexible use. Recent updates include a new HVAC system and a fully encapsulated & conditioned crawl space, adding comfort and long-term efficiency to your investment. With access to Rosemary Beach's full suite of amenities, this home offers an elevated coastal lifestyle in one of 30A's most beloved neighborhoods; whether you're seeking a forever getaway, a pristine second home, or strong rental potential.

Features

4 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

2907 sq. ft. floor area

3049.2 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 59 W Water St is $1.08m.

Median value

$1.08m

Estimated value range

$311k - $14m

Median days on market

Estimated value trend

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 59 W Water St

2026

Sold

$3,425,000

07 Aug 2026 by Greg Alsobrook, of Watersound Real Estate

2021

Sold

$2,425,000

23 Apr 2021 by Greg Alsobrook, of Berkshire Hathaway HomeServices

2020

Sold

$1,850,000

31 Jul 2020

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 21 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, 231 four-bedroom single-family properties similar to 59 W Water St, have been sold.

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

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Panama City Beach for a market analysis.

Beth Mulvey

at Beach House Sales and Development

(125 reviews)

Get a market analysis

Britta Kepple

at Realty ONE Group Emerald Coast | Panama City

(27 reviews)

Get a market analysis

Matthew Jones

at Coastal Heritage Real Estate LLC

4.9

(25 reviews)

Get a market analysis

Michele Bailey

at Compass

(21 reviews)

Get a market analysis

Nearby agents

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

Beth Mulvey

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

5 (125 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.