$89,900
Panama City, FL 32404
MLS# 787077
1 / 7
Property Description
Wake up to peaceful waterfront views on Lake Martin with this rare 0.67-acre lakefront homesite in Panama City, FL. Offering direct water access, this property is ideal for building your custom home while enjoying kayaking, fishing, and quiet mornings right from your backyard. Set within an established residential area with surrounding homes already in place, this lot provides both a clear vision for future development and a sense of community, while still offering privacy and space to create your own waterfront retreat. The property features a functional layout with plenty of room for a custom home, outdoor living areas, and more. Conveniently located just minutes from Tyndall Air Force Base, shopping, dining, schools, and the waters of St. Andrew Bay, this location combines quiet lakefront living with everyday convenience. With no HOA, you will enjoy fewer restrictions and more flexibility to build. Whether you're searching for lakefront land, a waterfront homesite, or an investment opportunity in Bay County, this property offers both lifestyle appeal and long-term value. Don't miss your chance to own waterfront property on Lake Martin. Schedule your showing today.
Details
Maps
Contract Info
List Price/Acre: 134179.1
Status: Active
List Date: 2026-03-20
List Price: $89,900
Current Price: $89,900
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: Yes
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: E Highway 98, Turn left onto E 3rd St, Turn right onto N Highway 22A, Continue on S Highway 22 A, Turn right onto S Lakewood Dr. Lot will be down on your right.
Street #: 4813
Street Direction: S
Street Name: Lakewood
Street Suffix: Drive
Area: 02 - Bay County - Central
State: FL
Zip Code: 32404
County: Bay
Subdivision: Lakewood
Parcel ID: 25078-010-000
Legal Description: LAKEWOOD MAP 119A2 LOT 14 BLK 12 ORB 1505 P 977
General Property Info
Acreage: 0.67
Lot Size (SqFt): 29185
Lot Dimensions: 130'+- x 298'+- x 74.7'+- x 285'+-
Sub-Type: Residential Lots
Listing Info, Tax & Legal
HOA Fee: No
Last Taxes: 847
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Wake up to peaceful waterfront views on Lake Martin with this rare 0.67-acre lakefront homesite in Panama City, FL. Offering direct water access, this property is ideal for building your custom home while enjoying kayaking, fishing, and quiet mornings right from your backyard. Set within an established residential area with surrounding homes already in place, this lot provides both a clear vision for future development and a sense of community, while still offering privacy and space to create your own waterfront retreat. The property features a functional layout with plenty of room for a custom home, outdoor living areas, and more. Conveniently located just minutes from Tyndall Air Force Base, shopping, dining, schools, and the waters of St. Andrew Bay, this location combines quiet lakefront living with everyday convenience. With no HOA, you will enjoy fewer restrictions and more flexibility to build. Whether you're searching for lakefront land, a waterfront homesite, or an investment opportunity in Bay County, this property offers both lifestyle appeal and long-term value. Don't miss your chance to own waterfront property on Lake Martin. Schedule your showing today.
Financing
Cash: 1
Conventional: 1
Lot Features
Interior Lot: 1
Subdivision - Recorded: 1
Waterfront: 1
Lot Access
City Street: 1
Paved Road: 1
Present Zoning
Resid Single Family: 1
Utilities
Electricity - Connected: 1
Public Sewer Available: 1
Water Connected: 1
Waterview
Lake: 1
Sale Type
As Is: 1
Waterfront Type
Lakefront: 1
Property Features
Financing: Cash; Conventional
Lot Access: City Street; Paved Road
Lot Features: Interior Lot; Subdivision - Recorded; Waterfront
Sale Type: As Is
Utilities: Electricity - Connected; Public Sewer Available; Water Connected
Waterfront Type: Lakefront
Waterview: Lake
Present Zoning: Resid Single Family
Listing Office: Think Real Estate
Last Updated: August - 18 - 2026
Information deemed reliable but not guaranteed.