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4133 Cobalt Cir #22, Panama City, FL, 32408

4beds
5baths
2,855sqft
$549,900
$193price/sqft
$4,093/moest. monthly cost
$163,720/yrincome needed

About This Home

Situated in the gated community of Waterhaven--a southern coastal enclave on the scenic St. Andrews Bay--this magnificent three-story townhome delivers an unparalleled blend of elegance and comfort. The neighborhood features charming cobblestone streets and provides a secure, tranquil atmosphere. The residence boasts four bedrooms, four and a half baths, and includes a separate carriage house with a full kitchen, bedroom, and bathroom above a spacious two-car garage. This unique configuration creates an ideal retreat for family and friends. The main house spans three stories and showcases stunning architectural details such as heart of pine hardwood floors, trey ceilings, Chicago brick, and meticulous millwork with 12-inch baseboards and crown molding. Plantation shutters brighten the rooms, while the warmth of hardwood flooring enhances the inviting ambiance. Upon entry, you are welcomed into an open-concept living and dining area that seamlessly connects to a high-end, gourmet kitchen. Designed for aspiring chefs and entertainers alike, the kitchen is adorned with granite countertops and professional- grade appliances, including a Sub-Zero refrigerator, a Viking 6-burner stove with convection oven, a Bosch dishwasher, and two Sub-Zero wine chillers at the wet bar. Elegant French doors in the dining room open to a serene private courtyard, inviting relaxation with a book, preparing a gourmet meal on the grill, or hosting gatherings under the stars. On the second floor, the primary suite features a generously sized walk-in closet and an ensuite bathroom with a double vanity, separate shower with dual showerheads, and a luxurious jetted soaker tub. A private balcony completes the southern row home vibe, providing an inviting space for morning coffee or quiet reading. Across the hall, the guest room includes its own ensuite bathroom and a balcony that overlooks the courtyard below. The third floor features another guest room with brand new carpet, ensuite bathroom, and additional climate- controlled storage closets. Above the two-car garage, the carriage house presents a fully equipped private getaway. This space includes a cozy sitting area, kitchen, laundry, bedroom, and full bathroom, making it an ideal option for extended family, guests, or a home office. As a resident of Waterhaven, you'll enjoy access to a variety of resort-style amenities. These include a bay front pool and the largest pier on the bay with marina, with both public and private boat slips--for fishing, boating, or taking in breathtaking sunsets. The clubhouse features a grand gathering room for events, a private theater, fitness center, summer kitchen, and outdoor grilling stations. With HOA fees covering all amenities, landscaping, water, trash, and exterior maintenance, the home provides a private, luxurious feel paired with the easy lifestyle of condominium living. Viewing in person is essential to fully appreciate its charm and elegance.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
45
BikeSomewhat Bikeable

Schools

8/10
7/10
Surfside Middle SchoolGrades 6-88.4 mi
4/10
J.R. Arnold High SchoolGrades 9-126.4 mi

Construction

Condition

  • Year built: 2007

Materials

  • Roof: Metal
  • Construction materials: Brick,HardiPlank Type

Type & Style

  • Home type: Condo
  • Architectural style: Low Rise
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Interior Steps,Smart Thermostat
  • Window features: Double Pane Windows

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Ceiling Fan(s),Multi Units

Interior Area

  • Total structure area: 2,855
  • Total interior livable area: 2,855 sqft

Property

Details

  • Parcel number: 40000050076

Features

  • Levels: Three Or More
  • Stories: 3
  • Pool features: Fenced,Gunite,Gas Heat,In Ground,Community
  • Patio & porch: Patio,Balcony,Covered,Porch
  • Exterior features: Patio
  • On waterfront: Yes
  • Waterfront features: Bayfront

Lot

  • Lot size: 400 sqft
  • Lot size dimensions: 20 x 20 x 20 x 20

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Lightning
Tornado
Cold Wave
Strong Wind
Tsunami

FEMA Declared Disasters in Bay County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,780$33,360
Home Insurance *$756$9,072
Property Taxes $270$3,240
Electricity $287$3,447
Total$4,093$49,116
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,331/yr
40% on housing$122,790/yr
45% on housing$109,146/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.0%
6.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$193This listing

vs Other Active Listings

Avg $/sqft

ZIP 32408$234
Bay County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 32408$299
Bay County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-14Listed for sale$549,900

For Sale by Agent

AgentSteven Koleno
BrokerageBeycome of Florida LLC

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