5 Blue Crab Lane, Panama City Beach, FL 32413

New Listing
$2,950,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 4,939 Lot Size (sq. ft.): 40,946 Status: Active
Current Price: $2,950,000 List Date: 5/11/2026 Last Modified: 5/11/2026

Overview

Description

Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach.

Listing Details MLS# 1002819

Contract Info

List Price/SqFt
597.29
Listing Board
Emerald Coast

Location Tax and Legal

Area
27 - Bay County
Street #
5
Street Name
Blue Crab
Street Suffix
Lane
State
FL
Zip Code
32413
County
Bay
Project Name/Subdivision
Palmetto Bluff
Parcel ID
35277-010-000

General Property Info

Sub-Type
Detached Single Family
Design
Craftsman Style
Apx SqFt(Htd/Cooled)
4939
SqFt Source
Appraiser
Full Baths
5
Total Bathrooms
5
# Stories
3
Year Built
1987
Garage
Yes
Carport
No
Acreage
0.94
Pool
Yes
Pool Type
Private
userdefined76
0

Location, Tax and Legal

Sub Area
2722 - Beach - North West
Elementary School
West Bay
Middle School
Surfside
High School
Arnold
Legal Description
33 2S 17W -5.1- 12C BEG 283.70' E & 320' N OF SW COR OF GOVT LOT 2 TH W 50' N 291.01' M/L TO LAKE POWELL ELY ALG LAKE 210' S 164' W 50' S 80' W 100' TO POB LESS -5.1A- (SUBJ TO ESMT ORB 3441 P 301) ORB 3441 P 302

Listing Info, Tax & Legal

Is Subject Leased
No
Assessment Fees
Yes
Assessment Amount
900
Annual Assessment Amount
900
Assessment Paid
Annually
New Buyer Fee
No
Last Taxes
8294.26
Last Tax Year
2025
Brokerage Interest
Equitable Interest - Listing Broker/Salesperson has equitable interest in the property.
As Is
No

More Information

Remarks & Misc

Remarks
Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach.

Construction Status

Construction Complete
Yes

Parking Features

Garage
Yes

Utilities

Electric
Yes

Zoning

Resid Single Family
Yes

Energy

AC - Central Elect
Yes

Bedroom

First
Yes
Second
Yes
Third
Yes

Kitchen

Second
Yes

Living Room

Second
Yes

Rooms

Bedroom
Yes
Family Room
Yes
Kitchen
Yes
Living Room
Yes

Property Features

Construction Status: Construction Complete Zoning: Resid Single Family Parking Features: Garage Utilities: Electric Energy: AC - Central Elect Bedroom: First; Second; Third Kitchen: Second Living Room: Second Rooms: Bedroom; Family Room; Kitchen; Living Room

Room Information

Room Name Level Dimensions Length Width Remarks
Family Room Second 33 x 14 33.00 14.00 Main Level
Living Room Second 20 x 24 20.00 24.00 Main Level
Kitchen Second 17 x 37 17.00 37.00 Main Level
Bedroom Second 18 x 20 18.00 20.00 Main Level
Bedroom Third 11 x 13 11.00 13.00 Upper Level
Bedroom First 12 x 14 12.00 14.00 Lower Level
Listing Office: Holiday Beach Real Estate Inc
Last Updated: May - 11 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.