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$575,000

5108 Deep Bayou Dr

Panama City, FL
Active
4
Bedrooms
3
Bathrooms
2,670
Square Feet
0.82
Lot Size (acres)
1989
Year Built
86
Days On Market

Perfectly positioned on an oversized corner lot in a quiet cul-de-sac, this beautifully updated residence offers the rare combination of timeless elegance, modern upgrades, and access to the pristine waters of Deer Point Lake. Designed with both comfort and entertaining in mind, the thoughtfully crafted floor plan is filled with natural light and generous living spaces. The impressive living room features an electric fireplace and flows seamlessly into a heated and cooled sunroom, creating an inviting year-round retreat for relaxing or hosting guests. A formal dining room and private home office provide both sophistication and functionality. At the heart of the home, the beautifully appointed kitchen showcases solid surface countertops, stainless steel appliances, abundant cabinetry, and ample workspace--perfect for everything from casual meals to elegant dinner parties. The luxurious primary suite serves as a private sanctuary, offering two walk-in closets, dual vanities, a jetted tub, and a separate walk-in shower designed for everyday comfort and relaxation. Outdoor living is equally exceptional. An expansive covered pavilion creates the perfect setting for entertaining, outdoor dining, and weekend gatherings. While this home offers both attached and detached garages, the detached garage is a standout feature, offering not only extra parking but also a workshop, home gym, and a convenient rear-facing garage door for drive-in storage for lawn equipment. With ample space and a solid foundation, this versatile structure presents an excellent opportunity for conversion into additional living space--whether as a guest cottage, rental unit, or in-law suite. Significant improvements completed in 2022 provide lasting peace of mind and modern efficiency, including: * Culligan water softener and sulfur removal system * New pressure tank * New well pump, seal, piping * New Siemens interior electrical panel * New exterior electrical panel * Upgraded electrical panel in the detached garage * New HVAC system with Ecobee smart thermostat and upgraded return In addition, the interior was updated in 2025 to include new flooring, new interior paint, refinished kitchen and bathroom cabinets.The landscaping was updated spring of 2026. Combining exceptional indoor and outdoor living, extensive mechanical upgrades, interior updates and coveted access to Deer Point Lake, this remarkable property presents a rare opportunity to enjoy refined living in one of the area's most desirable settings. Schedule your private tour today and experience all this exceptional home has to offer.

Listing Information

Listing Updated
22 days ago
Listed By
Kimberly E Smith, 8502584498 · Corcoran Reverie, 8502315030
MLS#
792455
Source
Central Panhandle Association of REALTORS
Status
Active

Facts & Features

Location

Community Information

Address
5108 Deep Bayou Dr, Panama City, FL 32404
City
Panama City
County
Bay
Neighborhood
Spikes Addto Highpoint
Zip Code
32404

Architecture

Bedrooms
4
Bathrooms
3
Stories
1
Year Built
1989
Style
Ranch
Construction Materials
Vinyl Siding, Brick
Building Area
2,670 sq. ft.
Foundation
Slab
Roof
Shingle
Levels
One
Garage
Yes
Garage Spaces
3
Parking Features
Garage Door Opener, Garage, Additional Parking

Features & Amenities

Interior Features
Walk-In Closet(s), Double Vanity
Appliances
Electric Range, Electric Water Heater, Electric Oven, Ice Maker, Water Purifier Owned, Water Purifier
Exterior Features
Fire Pit, Rain Gutters
Patio and Porch
Covered, Patio, Porch
Cooling
Ceiling Fan(s), Central Air, Humidity Control
Heating
Fireplace(s), Forced Air, Electric, Central, ENERGY STAR Qualified Equipment, Humidity Control

Property Features

Lot Size
0.82 Acres
Lot Features
Cul-De-Sac
Utilities
Electricity Available
Zoning
Resid Single Family

Square Footage

Total
2,670 sq. ft.

Tax & Financial Information

List Price
$575,000
Annual Taxes
$6,591

Schools

100/100
Deer Point Elementary School
Elementary · Grades PK–05 · 2.9 mi
City
Panama City
Students
762
Parent reviews
5.0★ avg · 2 reviews
Student body
86% White · 6% Black · 4% Two or More Races
Free/reduced lunch
41%
Phone
(850) 767-5462
80/100
North Bay Haven Charter Academy Elementary School
Elementary · Grades KG–05 · 4.4 mi
City
Panama City
Students
696
Student–teacher
18.0
Parent reviews
5.0★ avg · 2 reviews
Student body
73% White · 11% Hispanic / Latino · 11% Two or More Races
Free/reduced lunch
30%
Phone
(850) 248-0205
57/100
Southport Elementary School
Elementary · Grades PK–05 · 4.1 mi
City
Southport
Students
440
Student body
88% White · 6% Two or More Races · 5% Hispanic / Latino
Free/reduced lunch
45%
Phone
(850) 767-1636
53/100
North Bay Haven Career Academy
High · Grades 09–12 · 4.4 mi
City
Panama City
Students
855
Student body
75% White · 9% Black · 6% Hispanic / Latino
Free/reduced lunch
40%
Phone
(850) 248-0801
52/100
North Bay Haven Charter Academy Middle School
Middle · Grades 06–08 · 4.4 mi
City
Panama City
Students
524
Student body
75% White · 9% Black · 7% Hispanic / Latino
Free/reduced lunch
37%
Phone
(850) 248-0801
51/100
Merritt Brown Middle School
Middle · Grades 06–08 · 3.7 mi
City
Panama City
Students
677
Student body
78% White · 8% Hispanic / Latino · 7% Black
Free/reduced lunch
55%
Phone
(850) 767-3976
37/100
Tommy Smith Elementary School
Elementary · Grades PK–05 · 3.8 mi
City
Panama City
Students
677
Student–teacher
16.5
Student body
70% White · 11% Hispanic / Latino · 10% Two or More Races
Free/reduced lunch
45%
Phone
(850) 767-1688

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
07/10/2026Listed for sale$575,000

Listed by Kimberly E Smith · Corcoran Reverie · 8502315030

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Central Panhandle Association of REALTORS. All rights reserved.

Last Updated: September 12, 2026 at 6:47 AM | Source: Central Panhandle Association of REALTORS | MLS#: 792455

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