Delwood Manor is most expensive bayfront home ever sold in PCB area. See the $7.5M estate

Nathan Cobb, The News Herald
·2 min read

PANAMA CITY BEACH — A mansion dubbed "Delwood Manor" now holds the record for the most expensive bayfront estate ever sold in the Panama City Beach area. 

According to Corcoran Reverie, a real estate agency based in Walton County, the record now belongs to a 21,000-square-foot house that sits at 3807 Delwood Drive. It recently sold for $7.5 million.

"This is truly a one-of-a-kind estate and a rare find in Panama City Beach," Hilary Farnum-Fasth, broker and owner of Corcoran Reverie, said in a news release. "We are thrilled for both the buyer and the sellers and look forward to what this notable sale establishes for the luxury home market in Panama City Beach."

Located on St. Andrew Bay, "Delwood Manor" now holds the title as the most expensive bayfront home ever sold in the Panama City Beach area.
Located on St. Andrew Bay, "Delwood Manor" now holds the title as the most expensive bayfront home ever sold in the Panama City Beach area.

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Boasting six bedrooms, five full bathrooms and two half bathrooms, the home sits on St. Andrew Bay in unincorporated Bay County, just outside the city limits of Panama City Beach.

Corcoran Reverie declined to release the buyer's name to The News Herald, but according to the Bay County property appraiser's website, the new owner is Diamond Cm Capital LLC out of Atlanta.

The property was built in 2016. It was listed at $9.995 million and features 600 square feet of waterfront, an elevator, heated floors, infinity pool and helicopter pad.

It also includes a safe room lined with steel, an entire floor that's underground for protection against hurricanes and tornadoes, geothermal heating and cooling system, theater room and a seven-car garage.

The home sits on more than 3 acres.

"It's worth more than $10 million," Lori Buckalew, a real estate agent for Corcoran Reverie and listing agent for the manor, has said. "It cost almost $18 million to build. If this house was on 30A, it would be $30 million."

This article originally appeared on The News Herald: Panama City Beach's Delwood Manor is area's most expensive home ever sold