Rare opportunity in Bay Point!! Deepwater canal home with water

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Home For Sale

559 Wahoo Rd

Panama City Beach, Florida 32408

Bay County

Waterfront: Yes

Community: Bay Point Unit 1

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$1,500,000 3 br, 2.0 bath 2122 sq. ft. 0.230 acres

Rare opportunity in Bay Point!! Deepwater canal home with water views from BOTH the front and back of the property. One of the only homes in the community positioned this way, offering a truly unique setting you don't see often. One of the few canal homes located east of the Bonefish Bridge, there are no boat height restrictions -ideal for serious boaters. The property features a 10,000 lb lift, ample space to accommodate a second large vessel, and a spacious dock sitting area...perfect for relaxing and watching boats come and go. Inside, the home is designed for both comfort and entertaining with an open kitchen, dining, and living layout, enhanced by abundant windows that bring in natural light and capture water views from multiple angles. Plantation shutters line the front of the home, allowing you to fully open up or create privacy as needed. The kitchen offers custom cabinetry, a gas range, wine cooler, and a seamless flow into the main living areas. The primary suite is oversized and positioned to take full advantage of canal views, complete with a private sitting area. The en-suite bathroom features a soaking tub, a large walk-in shower, and separate his-and-her walk-in closets. The second bedroom also overlooks the canal and includes a flex space with doors--perfect for an office, playroom, or additional sleeping area. A third generously sized bedroom shares a bathroom with the second. The outdoor space is just as impressive, featuring a pool, spa, and large paver deck all enclosed for year-round enjoyment. Additional highlights include two golf cart garages, ideal for storage, beach gear, or all the extras that come with Bay Point living! As well as a Rinnai tankless water heater. Conveniently located near the back gate for quick access to Navy Blvd, making getting in and out of the community easy. This is a standout waterfront property in Bay Point - offering flexibility, boating access, and views that are hard to replicate. *Some photos have been Virtuality Staged*

Interior:
  • Bedrooms: 3
  • Baths: 2.0
  • Sq Ft: 2122
  • Year Built: 1973
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Natural Gas
  • Garage: 
Exterior:
  • Lot Size: 0.230 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: 
  • Swimming Pool: Yes
  • MLS #: 789224
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Contact Information:
Beach Home For Sale in Panama City Beach, Florida
Listing Agent: Mia Nadeau, Beachy Beach Real Estate, 229-220-0101, 850-233-4351 Listing Site, Listing Status: Active
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7656346
Viewed 17 times.
Updated: May 01, 2026

This property is a Home located at 559 Wahoo Rd, Panama City Beach, Florida 32408, and is currently For Sale at $1,500,000. This Home has 3 bedrooms, 2.0 baths, 2122 sq ft.