Homes/Florida/Panama City/389 Beach Bike Way
CompCasa Property Analysis · single_family

389 Beach Bike Way

Seacrest Beach Coastal Cottage with Lagoon Access and Park Views

New 5BR/5.5BA coastal cottage steps from private beach and lagoon

5 beds5.5 baths3,344 sq ftBuilt 20260.09 acres2-car attached
CompCasa valuation analysis
Estimated market value
$2,650,000
Low $2,550,000 · Midpoint $2,650,000 · High $2,750,000
Confidence85%Sales comparison approach
Last recorded sale$2,695,000Mar 9, 2026
CompCasa estimate$2,650,000Mar 10, 2026
Estimate vs. last recorded sale−$45,000 / −1.7%
$2,550,000$2,650,000 midpoint$2,750,000
Price / sq ft$793

Sales comparison approach using recent sales of similar new construction homes in Seacrest Beach. Adjusted for size, location, and amenities. Income approach supports strong rental potential given the property's design and location.

About the property

Seacrest Beach Coastal Cottage with Lagoon Access and Park Views

Begin your tour on the private screened porch that faces a quiet pocket park — it’s the kind of porch that turns coffee into a long ritual and gives the house a leafy, sheltered outlook uncommon in new construction. This three-story coastal cottage at 389 Beach Bike Way was designed for family living and performance rentals; the navy center island in the chef’s kitchen, trimmed in brass, immediately sets the tone for the high-end finishes inside.

The kitchen is built around Thermador appliances and quartz counters, with warm hardwood floors and designer lighting continuing through the main living areas. A first-floor guest suite with an ensuite offers flexibility for owners or full-time guests, and the attached two-car garage provides generous owner storage and a practical entry sequence. Upstairs, the second level functions as the home’s social core: a game room with a dry bar and sitting nook, a dedicated coffee bar, and the luxurious primary suite with a large walk-in closet and spa-inspired bath featuring double vanities and an oversized walk-in shower.

Bedrooms are distributed for privacy and convenience. Additional guest suites and a well-appointed laundry room are located on the second floor, while the third floor creates a private retreat — a large bedroom configured to sleep two queen beds with its own full bath — ideal for extended family or rental groups. Built with durable Hardie board siding and a metal roof, the home balances coastal aesthetics with materials chosen for longevity in a salt-air environment.

Community amenities are integral to the Seacrest Beach lifestyle: a 12,000-square-foot lagoon pool sits just 0.1 mile away, private deeded beach access is approximately 0.3 mile from the front door, and scenic riding and walking on the Timpoochee Trail is a two-minute ride. Rosemary Beach and Alys Beach restaurants and boutiques sit within easy reach, making this address a gateway to the best of the 30A corridor.

Scheduled for completion in late Spring 2026, the property is listed at $2,695,000 (approximately $806/sf) and carries annual property taxes reported at $5,128.66 (2025). With a layout tailored to group rentals and high-end finishes throughout, the home has demonstrated rental potential in line with local luxury comps — estimated monthly rental income is positioned toward the top of the market. Buyers should confirm final finish selections, HOA details, and tax assessments as part of the purchase process.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$3,150,000
Property address342 Beach Bike Way, Inlet Beach, FL 32461
4 bed4 bath3,826 sq ftBuilt 20230.1 mi4,791 sq ft lot$823/SF
Sold Sep 15, 2025
Subject difference
  • 482 SF larger
  • 1 fewer bedroom
  • 1.5 fewer bathrooms
  • 870.6 SF larger lot
  • 3 years older
Research comparison noteNew construction with high-end finishes; slightly larger with additional half baths.
02Sold price$1,495,000
Property address396 Beach Bike Way, Inlet Beach, FL 32461
4 bed3 bath2,360 sq ftBuilt 20130.05 mi4,791 sq ft lot$633/SF
Sold Jun 1, 2025
Subject difference
  • 984 SF smaller
  • 1 fewer bedroom
  • 2.5 fewer bathrooms
  • 870.6 SF larger lot
  • 13 years older
Research comparison noteOlder construction with fewer bedrooms and bathrooms; lower price point reflects age and size.
03Sold price$2,750,000
Property address434 Beach Bike Way, Seacrest, FL 32461
5 bed5 bath3,667 sq ftBuilt 20240.15 mi4,791 sq ft lot$750/SF
Sold Aug 20, 2025
Subject difference
  • 323 SF larger
  • 0.5 fewer bathrooms
  • 870.6 SF larger lot
  • 2 years older
Research comparison noteSimilar new construction with comparable size and features.
Comp methodology: Comparable sales and rentals were selected based on proximity, size, age, and luxury features to provide an accurate valuation and rental income estimate.
Property details

A 2026 coastal cottage on 0.09 acres.

Building

Year built2026
ConstructionHardie Board Siding With Metal Roof
RoofMetal
Heatingnatural gas
Coolingceiling fans

Site & utilities

Lot size0.09 acres
Garage2-car attached
Stories3
ConditionNew
BasementNone
FireplaceNo
Improvement notes5 bedrooms, 5.5 bathrooms, hardwood floors, designer lighting, high-end finishes, chef's kitchen with Thermador appliances and quartz countertops, private screened porch
Lot area3,920.4 sq ft
TopographyLevel
Frontage75 ft frontage on Beach Bike Way
ParkingAttached Garage And Driveway
Parking spaces4
Parking notes2-car attached garage plus driveway for 2 vehicles
AccessStandard residential driveway from Beach Bike Way
WaterPublic
SewerPublic
ElectricUnderground
GasNatural
Location & nearby

Seacrest Beach

Researched nearby locations

Seacrest Beach Lagoon Pool (0.1 mi)
Private deeded beach access (0.3 mi)
Rosemary Beach Town Center (0.5 mi)
Alys Beach (0.7 mi)
Timpoochee Trail (0.2 mi)

Location

389 Beach Bike Way, Panama City, FL 32461

View in Google Maps
Editorial neighborhood context

Seacrest Beach on the 30A corridor blends planned community amenities with coastal charm. Residents enjoy a large lagoon pool, deeded beach access, pocket parks, and bike-friendly streets adjacent to the Timpoochee Trail. Within a short ride are the dining and boutiques of Rosemary Beach and the architectural white facades of Alys Beach. The area attracts families and second-home buyers seeking active, outdoor lifestyles and easy access to Gulf beaches, while highly rated Walton County schools add long-term appeal for full-time residents.

Nearby access summary

Exceptional coastal recreation: large community lagoon and deeded beach access within half a mile, Timpoochee Trail nearby for biking and running, plus easy access to Rosemary and Alys Beach amenities.

ElementaryDune Lakes Elementary School (10/10)
Middle schoolEmerald Coast Middle School (8/10)
High schoolSouth Walton High School (8/10)
School districtWalton County School District
Market context

A factual market snapshot around 389 Beach Bike Way.

Editorial market perspective

Seacrest Beach and the broader 30A corridor continue to show seller-favorable conditions driven by limited for-sale inventory and persistent demand for luxury coastal homes. Recent nearby sales range from roughly $633 to $823 per square foot; this property’s list price at $806/sf is tightly aligned with those comparables, reflecting current buyer willingness to pay for new construction and premium finishes. Single-family coastal cottages here perform strongly both as second homes and as short-term rentals — lease comps in the neighborhood demonstrate robust nightly rates and high seasonal occupancy. While exact days-on-market and inventory metrics vary, market notes for 30A indicate appreciation and competitive pricing dynamics. For buyers, this is a window to secure modern construction with turnkey amenities and community access; for investors, the unit’s rental-oriented floorplan and proximity to the lagoon and beach create a compelling revenue opportunity. Confirm HOA terms and finalize construction details to lock in value before seasonal demand pushes pricing higher.

Zoning & land use

Single Family Residential

Zoning

Zoning codeResidential Single Family
DescriptionSingle Family Residential
JurisdictionWalton County
Current useResidential

Research-indicated uses

  • Single Family
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Annual property tax$5,128.66
Tax year2025

Sale history

2026-03-09$2,695,000 · $806/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$14,000/mo
Property address101 Seacrest Beach Blvd W, Inlet Beach, FL 32461
5 bed4.5 bath3,400 sq ft$4.12/SF
Leased Jul 1, 2025
Subject difference
  • 56 SF larger
  • 1 fewer bathroom
Research comparison noteLuxury vacation rental with similar size and amenities.
02Monthly rent$15,500/mo
Property address24 Barefoot Ln, Inlet Beach, FL 32461
5 bed5.5 bath2,993 sq ft$5.18/SF
Leased Aug 15, 2025
Subject difference
  • 351 SF smaller
Research comparison noteHigh-end rental with slightly smaller size but comparable features.
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Scheduled for completion in late Spring 2026
  • Listed for sale at $2,695,000 ($806 per square foot)
  • 5 bedrooms, 5.5 bathrooms, 3,344 square feet
  • Access to 12,000-square-foot lagoon pool and private beach access
  • Proximity to dining, shopping, and entertainment in Rosemary Beach and Alys Beach

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm final construction finishes and details
  • Verify property tax and HOA fee amounts
  • Assess rental income potential based on market conditions
Highlights & features

What stands out about this property.

Interior Features

  • 5 bedrooms, 5.5 bathrooms
  • Hardwood floors throughout main living areas
  • Chef's kitchen with Thermador appliances
  • Quartz countertops and navy center island with brass accents
  • Designer lighting package
  • Game room with dry bar and coffee bar
  • Primary suite with walk-in closet and spa bath
  • Private screened porch off kitchen

Exterior & Lot

  • 0.09-acre level lot
  • Hardie board siding and metal roof
  • 2-car attached garage plus driveway (parking for 4)
  • 75 ft frontage on Beach Bike Way
  • Private porch facing pocket park
  • Durable coastal construction for salt-air environment

Location & Neighborhood

  • Seacrest Beach community (30A corridor)
  • 12,000-square-foot lagoon pool (0.1 mi)
  • Private deeded beach access (0.3 mi)
  • Rosemary Beach Town Center (0.5 mi)
  • Alys Beach (0.7 mi)
  • County Highway 30A (0.2 mi)

Walkability & Recreation

  • Walkability Rating: 75/100 — Some errands and dining within easy walking distance
  • Timpoochee Trail (0.2 mi) for biking and jogging
  • Private lagoon pool and beach access nearby
  • Nearby boutique shopping and coastal dining in Rosemary/Alys Beach
  • Community parks and pocket green spaces
  • Short drive to larger grocery and service centers
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin listing for 389 Beach Bike WayView source
2
Zillow listing for 389 Beach Bike WayView source
3
Trulia listing for 389 Beach Bike WayView source
4
Douglas Elliman listing for 389 Beach Bike WayView source
5
RE/MAX listing for 389 Beach Bike WayView source
6
Bay County Tax Collector's OfficeView source
7
Bay County Property Appraiser's OfficeView source
8
Listing for 342 Beach Bike WayView source
9
Listing for 396 Beach Bike WayView source
10
Listing for 434 Beach Bike WayView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.