Experience the pinnacle of waterfront luxury in this extraordinary penthouse condo, boasting nearly 4, 000 square feet of elevated living space with breathtaking panoramic views of St. Andrews Bay. Tucked within the exclusive gated enclave of Waterhaven on the east end of Panama City Beach, this residence redefines coastal elegance with a private 15x35' boat slip equipped with water, electric, and a 10, 000 lb liftperfect for the avid boater seeking seamless access to the Gulf. Thoughtfully designed for refined entertaining, the open floor plan features a chef's dream kitchen complete with a Sub-Zero refrigerator, professional-grade Viking six-burner gas stove with double oven, prep kitchen, serving bar, and an expansive granite islandall flowing effortlessly into the dining and living spaces with rich hardwood floors and uninterrupted bayfront views. From sunrise coffees on your private master balcony to sunset soirees on the spacious wraparound decks, every moment here is curated for luxury and leisure. The grand foyer impresses with a winding staircase and elevator, leading to a bonus en suite ideal for multi-generational living or a private guest retreat. Soaring ceilings, custom crown molding, tongue-and-groove accents, Hardy board details, and new skylights bathe the interior in natural light. Recent high-end upgrades include oak floors, paint, ceilings, a tankless water heater, and three new HVAC systems (2020). Residents enjoy access to resort-style amenities: a bayfront pool, outdoor kitchen, clubhouse with theater, fitness center, event space, and an extended dock perfect for fishing or relaxing. This is a rare opportunity to own a true hidden gem in one of Panama City Beach's most treasured communities, offering the lifestyle you deserve, with the views to match.
Property Features
Bedrooms
- Bedrooms: 4
- Bedroom 1 Dimensions: 41.6 x 15.5
- Bedroom 1 Level: First
Bathrooms
- Total Bathrooms: 4 / 1
- Full Bathrooms: 4
- 1/2 Bathrooms: 1
Interior Features
- Ceiling Crown Molding
- Ceiling Vaulted
- Elevator
- Kitchen Island
- Lighting Recessed
- Pantry
- Skylight
- Walk-in Closet
- Washer/Dryer Hookup
- Wet Bar
- Furnished Description: Negotiable
Appliances
Other Rooms
- Master Bath: 10.7 x 13.8
- Master Bath Level: First
- Living Room Dimensions: 28 x 19
- Living Room Level: First
- Exercise Room: Yes
Heating and Cooling
- Cooling Features: Central Electric
- Heating Features: Central Electric
Kitchen and Dining
- Dining Room Dimensions: 14 x 12
- Dining Room Level: First
- Kitchen Dimensions: 15 x 14
- Kitchen Level: First
Pool and Spa
Waterfront and Water Access
Land Info
- Lot Description: Recorded Subdivision, Water Front
- Lot Size Dimensions: 0x0
Exterior and Lot Features
- Road Access: County Road, Paved Road
Home Features
- View: Bay
- Energy Information: Ceiling Fan
Homeowners Association
- Association: Yes
- Association Fee: 5498
- Association Fee Frequency: Quarterly
- Association Fee Includes: Recreational Facilities
- Calculated Total Monthly Association Fees: 1833
Amenities and Community Features
- Facilities: BBQ Pit/Grill, Boat Launch, Dumpster, Exercise Room, Fishing, Gated Community, Pool
Other Property Info
- County
- Source Listing Status: Active
- Directions: Head west over Hathaway Bridge, turn left on Thomas Dr (2.1 mi), then left on Magnolia Beach Rd (1.1 mi). As it curves into Delwood Beach Rd, take the left to stay on Magnolia Beach Rd. Turn left on Mystic Ln, then left on Cobalt Circle - 3rd floor
- Source Property Type: Residential
- Area: Other Counties
- Property Subtype: condo
- Source Neighborhood: Waterhaven
- Subdivision: Waterhaven
- Zoning Description: Residential Single Family
- Property Subtype: Detached Single Family
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 3983
- Year Built: 2007
- Foundation Details: Slab, On Grade
- Property Age: 18
- Roof: Metal
- House Style: Condo
- Total Area Sqft: 3983
- Year Built Details: Construction Complete
Utilities
- Sewer: Community Sewer
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Water Source: Public