147 Lake Merial Shores Drive, Panama City, FL 32409 - Port St. Joe Real Estate | The Peevy Team

$989,000

ASSUMABLE VA LOAN AVAILABLE WITH AN INCREDIBLE 2.25% INTEREST RATE!** Rarely does a property offer this much space, privacy, and waterfront lifestyle in one package. Set on 1.14 acres with approximately 110 feet of frontage along the crystal-clear waters of Lake Merial, 147 Lake Merial Shores is a… Read More 4,182-square-foot waterfront retreat designed for those who believe home should be the gathering place for every holiday, celebration, and family milestone. Featuring six bedrooms, a bonus room, three-car garage and expansive indoor and outdoor living spaces, this remarkable estate is where unforgettable lake memories are made. From the moment you enter, soaring ceilings and beautiful hardwood flooring create an impressive first impression. To the left of the foyer, a stunning floor-to-ceiling custom library provides the perfect setting for a private office, reading retreat, or study. The private library showcases a custom rolling ladder that glides effortlessly along the entire room. Formal living and dining spaces offer flexibility for gatherings, while a dedicated dining room area with a private bar creates an inviting atmosphere for hosting family celebrations and holiday dinners. The grand living room serves as the heart of the home, featuring dramatic 18-foot ceilings and expansive windows that frame picturesque views of the lake beyond. A beautiful wood burning fireplace creates a warm focal point, flanked by custom built-in cabinetry that provides both elegant display space and functional storage while enhancing the room's timeless character. The well-appointed kitchen offers abundant cabinetry and storage throughout, including an extended custom storage area adjacent to the eat-in kitchen space. A conveniently located half bath near the kitchen enhances the home's thoughtful design and provides added comfort for guests during gatherings and special occasions. The spacious primary suite is located on the first floor, creating a private retreat separate from the additional bedrooms. Upstairs, you'll find five generously sized bedrooms, two full bathrooms, and a massive bonus room large enough to serve as a home theater, game room, fitness area, or recreation space large enough for a pool table. Step outside and experience the true beauty of Lake Merial living. Outdoor living takes center stage with a covered back patio and an expansive paver terrace designed for entertaining and relaxation. A private paver pathway meanders through the backyard to the lakefront, creating a seamless connection to the waterfront lifestyle. Whether you're launching a kayak, casting a line, enjoying a sunset cruise, or simply unwinding by the water, Lake Merial becomes an extension of your backyard. The meticulously maintained grounds create a park-like setting, offering plenty of space for outdoor entertaining, backyard barbecues, family gatherings, and making memories with friends and neighbors. Imagine spending Independence Day watching fireworks illuminate the lake, enjoying golf cart rides through the neighborhood, and ending the evening gathered around the water with family. This is more than a home--it's a lifestyle. Lake Merial is one of Bay County's most sought-after waterfront communities, centered around a beautiful 300-acre spring-fed lake known for its clear waters and year-round recreational opportunities. Residents enjoy community events, walking trails, green spaces, and food truck nights. Defined by its scale, waterfront setting, and enduring craftsmanship, 147 Lake Merial Shores stands as a distinguished Lake Merial residence, offering the space, privacy, and versatility to accommodate generations while creating an exceptional backdrop for everyday living. As one of only a handful of homes of this size situated directly on the water within Lake Merial, this remarkable property represents a rare opportunity to own one of the community's most significant waterfront estates. Read Less

Listing Snapshot

Days Online

Last Updated

Jun 28, 2026

Property Type

SingleFamilyResidence

Beds

Full Baths

Partial Baths

Lot Size

1.14 Acres

Year Built

2013

MLS Number

791960

30 Days Snapshot Of 32409

$363k

-26%

(avg) sold price

-20%

homes sold

106

-12%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road frontage type: PrivateRoad

Appliances & Equipment

ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater, IceMaker

Building

Built in 2013, Architectural style: Traditional, Construction materials: Brick, Levels: Two, Units furnished: None, 2, 2 total stories, Toal building area: 4182

Community

BoatFacilities, Dock, Fishing, Gated, Waterfront

Cooling

CentralAir, CeilingFans

Garage

3 garage spaces

Water Features

Lake, LakeFront, SeeRemarks

Heating

Central, Electric, Fireplaces

Home Owner's Association

Association amenities: Other, SeeRemarks, Gated

Interior Features

DoubleVanity, MainLevelPrimary, SoakingTub, SeparateShower, WalkInClosets, Pantry

Lot

1.14 acres, 49,658 sqft, SprinklerSystem

Parking

AdditionalParking, Paved, Gated

Property

Patio and porch features: Covered, Patio, Porch, Lake, Water

Roof

Shingle

Security Features

SecurityGate

Sewer

PublicSewer

Taxes

Year: 2025

Utilities

CableConnected, ElectricityAvailable, UndergroundUtilities

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

Courtesy of ERA Neubauer Real Estate, Inc 850-872-3434

147 Lake Merial Shores Drive

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Buyers

Sellers

About

Communities

Stay Connected!