516 William Way

Panama City, FL 32404

$398,000
Price
3
Beds
1,706 Sq. Ft.
$233 / Sq. Ft.
1,706
Sq. Ft.
$233
per Sq. Ft.
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Description

Welcome to 516 William Way, a beautiful waterfront home in the peaceful and quiet neighborhood of Shadow Bay. This brand-new construction offers beach access by boat to the Gulf of Mexico. As you step inside, you'll immediately notice the incredible attention to detail, with high ceilings and thoughtfully designed finishes that create a warm, inviting space. The open layout allows for plenty of natural light, making the home feel bright and spacious. The garage offers two spaces that can easily accommodate...Welcome to 516 William Way, a beautiful waterfront home in the peaceful and quiet neighborhood of Shadow Bay. This brand-new construction offers beach access by boat to the Gulf of Mexico. As you step inside, you'll immediately notice the incredible attention to detail, with high ceilings and thoughtfully designed finishes that create a warm, inviting space. The open layout allows for plenty of natural light, making the home feel bright and spacious. The garage offers two spaces that can easily accommodate two large trucks, adding even more convenience to this amazing home. Th master bedroom faces the water, giving you stunning views the moment you wake up. It features gorgeous tile work, a luxurious shower, and a massive walk-in closet a perfect blend of comfort and elegance.
  1. Listed by Steven Koleno • Beycome of Florida LLC

Property Details for 516 William Way

Architectural Style
Contemporary
Waterfront
Yes
Waterfront Features
Bayou
Subdivision Name
Shadow Bay Unit 5
LISTING UPDATED: 02/17/2026 01:14 PM

Property Details for 516 William Way

StatusActive
MLS #776857
Days on Market161
Taxes$100 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence / Single Family Residence
Year Built2025
Lot Size0.40 AC / 17,424 SF
CountyBay County
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Location

Listing Courtesy of Beycome of Florida LLC
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Building Information for 516 William Way

Stories2Year Built2025Building Size-Lot Size0.40 AC / 17,424 SF

Payment Calculator

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$1,940 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,932

Property Taxes

$8

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 516 William Way

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: From US-98, head north on Tyndall Parkway, then turn right onto SR 22, and continue until you see Shadow Bay on your left .Enter then turn right, and then your first left, go all the way down, and turn right and you are there. .
  • State Region: FL
  • Postal Code: 32404
  • Latitude: 30.157825
  • Longitude: -85.559169
  • State Or Province: FL
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0202 - Bay - Central SE
Taxes and HOA Information
  • Parcel Number: 06616-708-000
  • Association: No
  • Tax Annual Amount: $100.00
  • Tax Legal Description: SHADOW BAY UNIT #5 131D1 LOT 8 BLK A
  • Tax Year: 2025
School Information
  • Elementary School: Callaway
  • High School: Rutherford
  • Middle Or Junior School: Rutherford Middle
Parking
  • Garage Spaces: 2.0
  • Garage: Yes
Property
Lot Information
  • Building Area Total: 1706.0
  • Lot Features: Sprinkler System
  • Lot Size Acres: 0.4
  • Lot Size Area: 0.4
  • Lot Size Dimensions: 33x88x38x50x58x17x77
  • Lot Size Units: Acres
  • Lot Size Square Feet: 17424.0
  • Living Area Source: Owner
Property and Assessments
  • Senior Community: No
  • Year Built: 2025
  • New Construction: Yes
  • Human Modified: No
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Fencing: Partial
  • Community Features: Short Term Rental Allowed
  • Construction Materials: Hardiplank Type
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony, Covered, Patio
  • Roof: Asphalt
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Flooring: Luxury Vinyl Plank
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 3
  • Rooms Total: 4
  • Cooling: Yes
  • Cooling: Central Air
  • Heating: Yes
  • Heating: Central
  • Interior Features: Interior Steps
Room Information
Room 1
  • Room Dimensions: 7.5 x 11
  • Room Features: Balcony
  • Room Length: 7.5
  • Room Level: Basement
  • Room Type: Other
  • Room Width: 11.0
Room 2
  • Room Dimensions: 13.3 x 18.4
  • Room Length: 13.3
  • Room Level: Second
  • Room Type: Primary Bedroom
  • Room Width: 18.39
Room 3
  • Room Dimensions: 9 x 11
  • Room Features: Balcony
  • Room Length: 9.0
  • Room Level: Basement
  • Room Type: Other
  • Room Width: 11.0
Room 4
  • Room Dimensions: 9 x 11
  • Room Length: 9.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 11.0
Multi Family
Multi-Family Information
  • Units Furnished: None
Mobile Home
Mobile Home Information
  • Mobile Dim Units: Feet
Rental
Rental Information
  • Occupant Type: Vacant

Property History for 516 William Way

DateEvent & SourcePriceAppreciation
Nov 18, 2025

Price Change

CPAR #776857

$405,000—
Jul 29, 2025

Listed (Active)

CPAR #776857

$420,000—
DateEvent & SourcePrice
11/18/2025

Price Change

CPAR #776857

$405,000
07/29/2025

Listed (Active)

CPAR #776857

$420,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 516 William Way

Taxable ValueLand$33,200Additions-Total$33,200
Tax Record2025$433 ($36 / month)
Home Facts
Beds3Stories1Lot Size8,689 SqFtStyleResidentialCountyBAYAPN06616-707-000

Schools near 516 William Way

This home is within Bay.
Rating
School
Type
Grades
Distance
Callaway Elementary School
Public - PK to 5
Rutherford High School
Public - 6 to 12
Margaret K. Lewis In Millville
Public - PK to 12
Oscar Patterson Academy
Public - PK to 4
Rating
School
Distance
Callaway Elementary School
PublicPK to 5

Rutherford High School
Public6 to 12

Margaret K. Lewis In Millville
PublicPK to 12

Oscar Patterson Academy
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 516 William Way, Panama City, FL 32404

516 William Way is a single family home for sale in Panama City, FL 32404. This property was listed for sale on July 29, 2025 by Beycome of Florida LLC, it's currently listed at $398,000. This listing's school district is Bay. Nearby schools include Callaway Elementary School, Rutherford High School and Margaret K. Lewis In Millville. 516 William Way is a 3-bed, 3-bath, 1,706 sqft single family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Beycome of Florida LLC

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.